I Failed Miserably

I was trying to save money and Invest the money I save but I failed miserably. The aim to Save at MYR1000 at least 2-3 Months did not happen.

I guess I don’t have the discipline to do it and always like to go for an easy life; i.e eating out instead of cooking. Most of my money goes into food.

That is difficult for me. I was thinking to be able to retire early but I guess that would be difficult. Now 32 years old, I think I would not be able to achieve it; Financial independence.
My monthly commitment is around MYR1500 and I’m only paid around MYR2.3K a month. Including some allowance and overtime, it can go up to MYR2.6K-2.7K a month. And I have balance around MYR1.1K. Should be sufficient no?

I do think the same as well. But most of my money will go into food. I rarely shops around or go out. But I like to eat. And because of my work nature which I consider stressful, I eat a lot. That’s why most my money will go into food.I spent a lot for my food.

But if I think back during my student years, I was wondering how I can survive with my student loan, which is around MYR3.5K per semester. But I think during that time, I don’t have much financial commitment. Only need to think about rent, phone bill and food.
Recently I was thinking to buy car, but I think I need to reconsider this as well. If adding more financial commitment, I’m afraid I will not be able to meet the monthly commitment. That is the reason I still don’t have car now.

It seems like I need to dissect my monthly spending again to see where I’m having problem or need improvement.

2 thoughts on “I Failed Miserably

  1. Lyn

    Interesting. I am compelled to challenge myself to live with that amount. RM1.5k. or RM2k. I know I can do it if I cut all the discretionary spending. hm..

    Reply
    1. Larry David Post author

      I think we all can do better if we really cut all those unnecessary spendings, fancy meal. But then again, if we are surrounded by people and that’s how they live, we might be tempted to spends more. Clothes, food etc.

      Reply

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