KUALA LUMPUR, March 6 (Bernama) -- Bursa Malaysia’s benchmark index ended lower today, dragged down by continued selling pressure on selected heavyweights, led by the financial services sector. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 5.51 points or 0.35 per cent to 1,558.91 from yesterday’s close of 1,564.42. The market bellwether opened 4.53 points higher at 1,568.95, and moved between 1,554.85 and 1,569.43 throughout the day. However, on the broader market, advancers led decliners 584 to 393, while 452 counters were unchanged, 913 untraded, and seven suspended. Turnover narrowed to 2.98 billion units worth RM2.67 billion from 3.15 billion units worth RM2.74 billion yesterday.
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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