Lets Talk about Money

Hi everyone..

Today I'd like to discuss the Parkinson's Law.
Before you fret away, this has got nothing to do with legal acts or lawyers or the law.

PARKINSON LAW
Definition: If you make more money, the demand for your money rises.

It can also be defined as "Lifestyle Inflation" and is your Option A


Option A
The more money you get, the more you spend, the more you swipe your plastics and the more the merrier right? Yes that's right. You keep spending and spending and get into more sinner deadlier debts! You get poorer by the day. Go ahead if you want to go bald by 40.

Option B
However if you spend less than the amount of money you make you are fighting against the Parkinson's law. And that is greattt! Its as simple as that. Give yourself a pat on the back.


Lets break it down.

If you earn RM 2500 per month

This is what you'll have to do to become richer by the dozen

COMPULSORY (FIXED)
1. Pay for your car = RM 500
2. Pay for your rent = RM 200

COMPULSORY (CONTROLLABLE)
1. Electricity Bill: RM 50
2. Phone Bill: RM 140
3. Water Bill: RM 20



Note: You have control over your electricity, water and phone bills.
#Tip 1: Switch off the power points when leaving the house.
#Tip 2: When buying electrical appliances, look for "Energy Saving" stickers.These include power saving light bulbs.
#Tip 3: Make phone calls only when its urgent, if its not, just send a text message.
#Tip 4: View bills online. Most telecommunication companies charge you extra when they send bills to your house.
#Tip 5: Wash your clothes once a week.
#Tip 6: Wash your car with a pail and not a hose.

SAVE, SAVE, SAVE!
1. EPF/ SOCSO = RM 250
2. Save 10% for rainy days = RM 150
3. Savings in case car breaks down = RM 100
4. Savings for annual holiday = RM 100

Basic NEEDS
1. Groceries (Food,Toiletries) = RM 500
2. Gas (RM 60 per week) = RM 240

Lets add them all up.

FIXED + CONTROLLABLE + SAVINGS + NEEDS
RM 700 + RM 210 + RM 600 + RM 740 = RM 2250

WELL DONE!
You still have RM 250 to spend for yourself.
To not go overboard with shopping, divide RM 250 into 4 weeks.
That's roughly RM 63 per week. So if you're dreaming of SKII, wait till you're allowed to spend RM 630 per week on shopping.




Until then, I'll keep on dreaming too.
Its all about discipline girls. Visit Irfan Khairi's website for more info on getting rich. Irfan Khairi, the internet millionaire is very disciplined.

7 DAYS OF SAVING

7 DAYS OF SAVING
1. Pay Yourself!
Instead of paying RM10 to wash your car, wash it yourself. Get that exercise you need.
Wake up early on a weekend and start scrubbing.
Instead of paying RM18 for a haircut, ask someone who can do a great job, to cut it for you. Or do it yourself if you know you can.
Instead of paying someone to mow your lawn for RM20, do it yourself and burn those extra calories too.
Now, put that RM20 + RM 18 + RM 10 in an envelope. When it reaches RM100, reward yourself to a new handbag! You earned it! This is one cool way to restrict your shopping. When your pay check comes in, you are not to go on a shopping spree. Portion out your money to your SAVINGS, your OBLIGATORY debts and bills, and your NEEDS of food and household items. The handbag you WANT should be purchased at the end of the month.

2. Use the Library!
We usually read books once only. Why not borrow it instead of buying it. Plus some libraries rent dvds, so rent! You’re only going to watch it once anyway.

3. Never Buy Bottled Water
If you stop buying 3 bottled drinks per week, you save RM180 per year. You can yourself an Mp3 player! Bring your own water. If you prefer sweetened water, then buy yourself cordial, and make it yourself.

4. Drive Slower
How fast you drive, not just what car you drive, can improve fuel economy. Drive slower, more smoothly, and brake less often. My father proved this on his mega-long daily commute. By maintaining 65 MPH or below he squeezed a couple extra gallons out of each tank. Plus, if you have problems with punctuality, you should try this method. Because you know that you are going to drive slower, you will leave earlier.

5. Limit Cleaning Supplies.
Bleach or simple antibacterial cleanser can clean almost anything! You don’t need 7 different cleaning products. If you’d like plain bleach to smell good, squeeze some lemon. Use newspapers to clean windows and mirrors.

6. Look for Freebies.
Don’t grab every freebie or it will only create clutter. But take things like hotel shampoos, lotions, and notepads. The stuff you know you’ll use and place these items in their categories separately. Have you ever bought yourself a notepad, and later realize that you have five other unused notebooks? That’s because you don’t see them. Organizing your stuff is also a way of organizing your money.

7. Give Homemade Gifts.
Homemade gifts have sentimental value. You can make creative a cookbook, a frame, pillowcase, and paper mache!

Best Part Time Jobs

High Rated Hourly Jobs

• Model
Commonly RM 200 per hour for newbies
If you’ve got the looks, and got the personality, go to an agent now!
Weekend: RM 800 earned! (4 hours of work)

• Speaker
Commonly RM 100 per hour
If you’ve got flawless English, if you reckon you love talking, and you’re not afraid of talking to the public, be a public speaker!
Consultant companies would be more than happy to hire a charismatic person like you. Most people can talk about recycling! Some courses are as easy as that.
If you’ve got the guts, organize your own workshop and get the least RM 3,000 in a single weekend.
Weekend: RM 500 earned! (5 hours of work)

• Part Time Tutor or Teacher
Commonly RM 60 per hour for secondary students
Even if you’re not a teacher, but you know you are competent in one area of knowledge, and you think you have no problem imparting that knowledge. Go ahead and teach.
Weekend: RM 240 earned! (4 hours of work)

Highest Pay Part Time Job

Smart Choices

Your free Saturdays and Sundays shouldn’t solely be used for shopping, going to the movies, and eating out with friends. Once in a while, use your weekend to earn money rather than spending it lavishly. Some weekend jobs can give you an extra RM 400. Depending on how much more you want to make in a month, you should first decide whether you want to work only a few hours or if you are willing to work your butt off the whole day and give up the weekend fun with girlfriends to earn the extra hundreds.

Hourly Jobs

Hourly jobs are time efficient, you work for only two hours on Saturday and two hours on Sunday to earn as much as RM 400. You work every other weekend and get RM1,200 for eight hours of work! Did you know that even if your salary is RM5000 monthly, you are only paid RM 27 per hour and RM 217 for that same eight hours of work!

Here are a few high rated hourly jobs

• Model
Commonly RM 200 per hour for newbies
If you’ve got the looks, and got the personality, go to an agent now!
Weekend: RM 800 earned! (4 hours of work)

• Speaker
Commonly RM 100 per hour
If you’ve got flawless English, if you reckon you love talking, and you’re not afraid of talking to the public, be a public speaker!
Consultant companies would be more than happy to hire a charismatic person like you. Most people can talk about recycling! Some courses are as easy as that.
If you’ve got the guts, organize your own workshop and get the least RM 3,000 in a single weekend.
Weekend: RM 500 earned! (5 hours of work)

• Part Time Tutor or Teacher
Commonly RM 60 per hour for secondary students
Even if you’re not a teacher, but you know you are competent in one area of knowledge, and you think you have no problem imparting that knowledge. Go ahead and teach.
Weekend: RM 240 earned! (4 hours of work)

Daily Weekend Jobs

• Promoter
Commonly RM 80 to RM200 per day

Rather than working at a supermarket for a whole month and earning RM 700, why not work eight days a month and earn RM800? You just need to find the right job at the right place.
Weekend: RM 400 (8 hours of work)


• Thesis Editor/Proof Reader
Imagine, RM 400 per chapter! But do it professionally. Highlight the errors, and what you have corrected.
Weekend: RM 400 (10 hours of work)


Apply for a Part Time Job Now!
Apply for a part time job at http://asiaparttime.com/ which has truly been my trusted part time community site. My friends and I have gotten jobs with a snap of a finger here.

No jobs for you yet? Promote the services you can offer at http://www.mudah.my/ and a few days some parties would surely be interested. I got my first thesis editing job here!

Good Luck girls! Best wishes *wink*