1001 Frugal Things to Do?

After collecting your next salary or income, what can you do with your money:


1. Spend it,
2. Save it,
3. Invest it,
4. Lose it,
5. Give it.

Some will squeeze every cents out of their money to save as much as possible; but, there is nothing really wrong with this approach.

But, is there a better approach to saving?

There are few things that we need to remind ourselves before we become too focus on saving.

• You only live once.
• Don't put off till tomorrow what you can do today, for there may be no tomorrow - Lee Wei Ling
• It is not wise to live poorly and die with plenty of money not spent - CreateWealth8888

Instead of focusing how much you could save, why not focus on how you could spend your money wisely and moderately, and save the rest.  You can have an annual and monthly budget on how you should spend your money so that you can still enjoy your life and any excesses become your saving. 

Any money unspent in the month will be rolled over to the next month. You can then decide to have some extra money to spend it or simply roll it forward to the next month. At the end of year, you either choose to spend some of it or end up with more saving than expected.

In this way, you may not over save and under spent. Remember: we are not immortal and there may be no tomorrow and die with plenty of money unspent.