Financial Wake Up Call

Assalaamualaikum and hye people! i have been thinking about whether to blog about this issue or not.why?? because am extremely ashamed of myself for my lack of financial plan.

To begin with,before i gained admission into uni, my prayer was that as soon as i graduate,i should get employment, save enough money,buy my own car and some personal properties.All of this which i still pray toAllah to guide me in achieving .Low and behold,because Allahu (swt) is sameeu aleem,he did answer my prayers.Because i got a job as soon as i graduated.But little did i know that in as much as you want God to help you in something, you must be able to help yourself.

And that was exactly what i did  not do.i forgot to plan for the income i have been  recieving all these months.But then again, i did save some money when i was doing my national youth service.if you ask me now what happened to the money? oh oh oh! everything is gone, but to nowhere and nothing,absolutely nothing.

But all of this did not remind me that am forgetting about my future financial need,until i read an article on  Maria Elena's blog on savings tips(http://peliks.blogspot.com/2012/04/saving-tips.html),a malaysian.Then i realised that i have been a total waste in terms of finance.then i started asking myself a whole lot of questions? and honestly speaking,i think am such a failure!

so as part of my new years resolution,i have decided to start saving.And am doing this base on Maria elena's categorisation of savings tips.She categorise it as:Responsibilities, Savings, Miscellaneous.she expleins it as follow:

Responsibilities are: my bills, rent, car maintenance, petrol, food, zakat, etc. these are where my money will go as soon as i receive my salary. But I don’t have any of this responsibilties.

Savings are: savings for travel and future family. it's best if you have a different account to transfer into when you receive your salary.You should have  more than 1 bank account, fyi!

Miscellaneous are:entertainments, shoppings, unnecessary stuff that we just want and don't need.

now  allowance being 100%, take 50% out for Responsibilities, take 30% out for Savings and the rest 20% for Miscellaneous. You can change the percentage up to your affordibility .

your Savings share must be the first to go. transfer it into a different account. ups to you. but this must be kept hidden from your gatal-spending-mood-swings. if you're putting it into a different account, don't make a debit card for it. just atm would be fine.

And the most important point she made  was that,all this can be achieved with great DISCIPLINE…And I totally AGREE with her,discipline is needed all the time huh? And this has been my financial wake up call,I believe you readers will learn something from it too. 

                                               Xoxo !fauzy