Top 5 Money Saving tips

Key to Financial Freedom is having the funds to live on our savings or with passive income. This saving money blog is a complement to the making money one.

I've been sharing useful articles of saving money opportunities in Penang, Malaysia which is applicable anywhere as key are our habits and awareness of WHERE our hard earned money is spent.

A person earning more may not be richer as it all depends on how much is actually saved as investment for the future. If you spend more than what you earn, you can either earn more or spend less. The biggest money drainers are unfortunately vices which many parents teach their young to avoid but we may inadvertently be addicted as adults.

Here is my Top 5 money saving tips stopping the addiction!

Drugs: It has to be stated in case any reading are taking any drugs and think you can stop anytime. If so, do it and stop now and you will be saving both your life and money before you become an addict.

Gambling: Understood the possible jackpot payout but the odds are against us be it in casino, numbers or lottery. Be honest how much you have actually lost compared with wins.

Alcohol: This is a favourite pastime of may relieving stress with buddies after a hard day's work. If it's a drink or 2 daily it does add up. If it's hard liquor, it is even harder hit to your pocket and health.

Cigarette: Taking a puff to release tension but eventually it becomes an addiction that several or more a day is needed. Do make an effort to stop this bad habit if you are serious about financial freedom and your health.

Shopping: I'm not talking about grocery shopping but lavish spendings on unnecessities like the latest gadgets, handbags, watches, shoes, etc where it becomes an addiction chasing the trend.

If you recognize yourself in any category above and serious about saving money, you have to STOP & SEEK HELP NOW before the addiction gets worst. If not, congratulations and count your blessings to not having these vices bogging you down on your way to financial freedom and health.

Continue reading my blogs for many ways of saving money with these hindrances out of the way :)

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