The Street Articles

I am earning RM9500 working in Malaysia, but I don't have much left towards the end of the month. Help me how to manage my finances. Managing finances can be challenging, but with proper planning and budgeting, you can make the most of your income. Here are some tips to help you manage your finances more effectively: 1. Create a budget: Start by listing your income and all your expenses. Categorize your expenses into fixed (rent, bills) and variable (groceries, entertainment) costs. Allocate a specific amount for each category and stick to it. 2. Track your spending: Keep track of all your expenses to identify where your money is going. Use a mobile app or a spreadsheet to record your expenses. Reviewing your spending habits will help you identify areas where you can cut back. 3. Prioritize your expenses: Ensure that your essential expenses are covered first, such as rent, utilities, and groceries. Then allocate a portion of your income towards savings and investments. Consid