KUALA LUMPUR, April 2 (Bernama) -- Bursa Malaysia’s benchmark index ended higher, amid an overall cautious market sentiment, on bargain-hunting activities, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.87 points or 0.85 per cent to the day’s high of 1,526.52 from Friday’s close of 1,513.65. The benchmark index had opened 3.49 points higher at 1,517.14 and reached an intraday low of 1,514.08. In the broader market, decliners thumped gainers 637 to 288, while 428 counters were unchanged, 995 untraded and nine suspended. Turnover went up to 2.37 billion units valued at RM2.03 billion from Friday’s 2.25 billion units valued at RM2.13 billion. The market was closed on March 31 and April 1 for the Hari Raya public holidays.
People will always ask whether there is any monthly spending guidelines so that they can tailor their budget according to the guidelines. In fact, there is no such thing as perfect monthly spending guidelines as every one will have different priorities and each time will have different priorities as well. Monthly spending guidelines also change according to the financial goal that one has set every year.
Nevertheless, I come out with my own budget which was based on the following spending guideline and it's been about four years and the guideline still stands true. One thing for sure, as I'm still single, thus my commitment towards household (in Housing category) will be less but at the same time, my commitment towards servicing my car loan will be higher. I make it a point to save at least 9% of my income and make sure I do not skip meals. I do tweak my budget on and off, but that is if I have extra income coming in from my investment.
Nevertheless, I come out with my own budget which was based on the following spending guideline and it's been about four years and the guideline still stands true. One thing for sure, as I'm still single, thus my commitment towards household (in Housing category) will be less but at the same time, my commitment towards servicing my car loan will be higher. I make it a point to save at least 9% of my income and make sure I do not skip meals. I do tweak my budget on and off, but that is if I have extra income coming in from my investment.
| Category | % |
| Housing | 16.00 |
| Transportation | 23.90 |
| Food | 10.80 |
| Insurance and EPF | 12.00 |
| Tithes | 10.00 |
| Entertainment | 2.00 |
| Apparel products and services | 4.30 |
| Health care | 2.00 |
| Misc | 2.00 |
| Personal care products and services | 1.00 |
| Education | 7.00 |
| Savings | 9.00 |
| TOTAL | 100.00 |
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