KUALA LUMPUR, March 30 (Bernama) -- Bursa Malaysia’s benchmark index closed lower today, in line with most regional markets, as investors adjusted their risk exposure amid spiralling oil prices driven by the ongoing West Asia conflict, now in its second month. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated by 24.75 points or 1.44 per cent to 1,687.90 from Friday’s close of 1,712.65. The market bellwether opened 10.57 points weaker at 1,702.08 and fluctuated between 1,682.79 and 1,702.38. The broader market was bearish, with decliners thumping advancers 956 to 371. A total of 373 counters were unchanged, 1,042 untraded and 134 suspended. Turnover expanded to 3.98 billion units worth RM4.85 billion from last Friday’s 2.97 billion units worth RM3.25 billion.
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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