KUALA LUMPUR, Jan 8 (Bernama) -- Bursa Malaysia’s benchmark index closed lower on Thursday amid profit-taking in big-cap stocks, as investors shifted their focus to smaller-cap counters against the backdrop of weaker regional market performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.26 points or 0.43 per cent to 1,669.57 from Wednesday’s close of 1,676.83. The FBM KLCI opened 2.61 points lower at 1,674.22 and moved between 1,666.34 and 1,674.44 throughout the day. On the broader market, gainers led losers by 579 to 489, while 565 counters were unchanged, 1,016 untraded, and 12 suspended. Turnover was slightly higher at 2.79 billion units worth RM2.84 billion from Wednesday’s 2.73 billion units worth RM2.76 billion.
I am probably not the right person to be blogging about this because spending is really one of my weaknesses. But here are some of the ways that I find effective in helping me to spend less.
1) Think it through and search for more information...
With the growing infomercials that are designed to give simple information while promoting certain products, the brain could be pressured and tricked into buying. Thus, it is important to give it a thought and think through. It is also advisable to search for more information on the internet....most of the time, you might realize that you don't actually need it anyway.
2) Search for cheap and discount goods...
One might probably find it difficult to search for cheap and discounted goods but if you start take note of the prices, it is not long before you could identify the goods that have a good discount. Buy during festive seasons are good but one must be careful not to fall into the trap of spending more from the advertisement and promotions in the shopping mall.
3) Saving money is all relative!
Human beings are actually bad in making comparison at times. We may readily pay $3,000 to upgrade to leather seats in a new $25,000 car because it's a relatively small percentage of the total price, but we'd think a lot longer about paying $3,000 for a new sofa that we might use it every night. So, one must start to think beyond the percentage (%)...it's important to consider the reason of buying and the functionality of it as well.
4) Automate everything
I always believe in the importance of automate when it comes to work but I find it difficult to do it with my own life. Probably there are things that we want to look at first. But the truth is, by automate everything, bills etc, you will avoid the fine of late payments.
5) Do a little bit everytime
Sometimes, our brains are like that...given an overwhelming choices of workload to do, it might totally shut off due to the "impossible mission" mentality. Instead of trying to save a little bit on everything, focus on one or two things...for example, if you love to eat out, maybe it's time to start eating at home...slowly cutting it down and it will eventually become a habit.
Well, you might not believe it, but the brain has a unique ability to make you spend and save...it's important to know how to trick it.
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