(based on the average monthly situation):
Example 1: Kopitiam Lifestyle
RM1.50 - RM2.00 per cup
3 meals per day
30 days per month
RM1.50 x 3 meals x 30 days= RM135
RM130 - RM180 saved for a month from not ordering drinks!
(Now, think what you can do with the money that you could have saved)
Example 2: High Class Tai Tai (rich housewives) Level
RM10 - RM15 per cup
2 meals per day (with the assumption Tai Tais don't wake up that early)
30 days per month
RM10 x 2 meals x 30 days = RM600
RM600 - RM900 saved IF you don't order expensive drinks like milkshake, expensive coffee in every meal you take!
Example 3: Common Gen X, Y, Z trend (slightly complex with forecast scenario)
Working day = RM1.50 for breakfast drink, RM1.50 for lunch drinks, RM5-10 for dinner drinks
Weekends = RM10-15 (lunch drinks), RM15-20 (dinner drinks)
Working day = RM1.50 + RM1.50 + RM8 = RM11
RM11 x 22 working days = RM242
Weekends = RM10 + RM15 = RM25
Saturday + Sunday = RM25 x 2 = RM50
RM50 x 8 days = RM400
RM242 (weekdays) + RM400 (weekends) = RM642
Approximately RM500 - RM800 can be saved every month, if we don't drink the way we are doing it now.
Some of you might think the data isn't reflecting the truth. If you don't believe it, try to record it down for a month. Don't try to save, just do it as usual, but just record the cost of drinks you spend for a month, you will be surprised by the amount of money you spend on drinks.
I was from a very average family and our family members didn't usually order drinks. We were trained to order Chinese Tea and warm water, which was free back then. And actually if we have soup or liquid in our food, it's not advisable to gulp down that full glass of drinks as well, which will not help with our digestion.
Yes, I am being very prudent in spending money. The reason is because the value of money isn't as kind as it used to be. People earned RM2000 per month, and still could raise 4 persons (the bread winner, wife, 2 kids) with basic needs. Ask yourself, what can you do with RM2000 nowadays? And as fresh out, we only earn RM2-3k and we are complaining all right? We leave the inflation topics aside now, focus on what you can do, to save you some pennies to be used on other purposes.
I am not asking you to not enjoy the delicious drinks out there, this post is just for illustration purposes. But just to be honest with you, my dear readers, I only spend less than RM50 per month for my drinks I guess. And I will make my own drinks at home, and you can adjust how much milo powder you are going to put and how big mug and concentrated you want it to be. Isn't that wonderful too?
Now, it's just a beginning lesson on how can you save to buy a house. :) I will share more on personal finance management in the future posts. Stay tuned!
Have you come to realize already?
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