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My personal experience: A comprehensive budget wedding plan in Malaysia

My Big Day
My Big Day

I had my wedding in December 2017. It was a memorable event but also a stressful moment in my life. Weddings are an expensive event nowadays especially Chinese wedding, where it can end up with a costly amount depending on the demand from the bride and the groom’s families. If you are in the process of wedding planning and are planning for a budget wedding for your big day, I have done mine and this can be your references.

  1. Registry of marriage (R.O.M) = RM24.00
  2. Wedding flower = RM150.00
  3. Bride’s chaperone (Dai Kam Jie) = RM600.00
  4. Wedding photography and makeup = RM1388.00
  5. Wedding decorative items (room & red packets) = RM220.00
  6. Wedding rings = RM2270.00
  7. Wedding biscuits & fruits = RM280.00
  8. Groom’s families grand gift = RM3288.00
  9. Bride & groom’s dressing and accessories (include R.O.M) = RM1800.00

The TOTAL amount of my wedding event from R.O.M until the big day is around RM10,000 (not include the flight ticket, RM2316.04 to Sarawak as my broom’s families are Sarawakian). I was having quite a typical Chinese traditional wedding as my parents did not agree with us to travel after the R.O.M and skip the traditional wedding ceremonies. We didn’t plan the budget for the grand wedding dinner initially, thus my parents spent on it and in the end, we gave back all the Ang Paos received from the guests to them on that day. If let’s say you will going to spend on the grand wedding dinner, you will definitely need to budget more than RM10,000.

You can make your wedding as simple as you wish, but the first thing is you need to negotiate with your own and the groom’s families. Like my case, our plan was not working and end up with paying more for our wedding. I felt sad and stress about it and luckily my husband took it positively and calmed me down over our marriage matters.

I will update my wedding stories starting with our R.O.M until the official ending of my wedding events (I need to figure out where I put all my pictures…).

money

3 simple ways to manage your budget

I have a little money to spend each month after I pay off those regular expenses such as the mortgage,  internet plan, study loan, and etc. How do I manage to survive without overspending? Below are my current practices to make sure everything is within my budget.

1   Save first, spend later

budget spreadsheet
my household monthly budget in 2018

If you read my previous post regarding on how to budget, I am having a personal financial crisis now where I don’t have enough saving and also lack of emergency fund.

One of the ways I handle the stress of my financial status is to save the money which is based on my estimation at the beginning of the month. Whenever leftover money in the previous month, it will be included in the saving also. This will prevent myself from making the assumption that “I have extra money from the previous month and I can spend more now”. Thus, this becomes my habit to save whatever I have at the beginning of the month and it makes me feel secure.

2   Put the same amount of money in the wallet every day/week

Although you can’t save from those fix expenditure, you can spend less for buying the groceries and eating out! Therefore, I put some amount of money in my wallet weekly to avoid from buying unnecessary things in the week. In addition, at the end of the week, I will take out the remains and put it in a container and leave it there. At the end of the month, I still can save some money!

3   Eat healthier, save more

porridge
One of my dinner (ingredient: minced pork meat, cabbage, brown rice, white pepper powder and soy sauce)

Get your kitchenware and starting cooking! Spend some time to search for cheaper and healthier recipes, get the fresh ingredient and learn the way to maintain its freshness, and make your own healthy dishes. You will spend more if you choose to eat out, the petrol, the services tax, and parking fee. Most of the time, the outside food contains a lot of coloring, preservative, and MSG to make the food looks tasty and fresh. But this will slowly affect your health! Learn how to make some simple and delicious dishes is a good way to save the money, at the same time restore our body fitness.

From time to time, I realize that I can actually save a lot through this simple step. Though it might be tough to stick with these habits at first, eventually I get used to it and happy to see my saving is growing. I also prepare a coin saving container for my husband and I am very happy to say that, my husband is willing to save the coins and these are for the BABY! I believe in one day, we will out of stress from handling our finance and be ready for FINANCIAL FREEDOM in the next few years.

If you have the better idea on how to manage the spending, please do not hesitate to leave the suggestion below.

money

Another money making online survey site

(Updated May 2018)

If you read my post on Money I made doing online surveys, I earn some extra incomes from one of the legitimate survey site which is Global Test Market. I hope you also benefit from this survey site by signing up and start doing the surveys sent to your email.

Now, I would like to introduce another legitimate survey site suggested by my friends which is YouGov. Before I give it a try, I usually go through a lot of the review sites to make sure the site I planned to join is truly legit.

YouGov
YouGov Malaysia homepage

YouGov is a Singapore based company. This site conducts surveys or polls about politics, public affairs, products, brands and other topics of general interest. The site also mentions that the data will be used by news media, public affairs groups, institutions, companies and marketing agencies. Anyone for the world age 16 and above is free to join. You can sign up by selecting your own region (mine is Malaysia). In addition, if you are the AirAsia or BIG Shot member, you can get 250 BIG Points upon sign up and complete the welcome survey!

You will receive an email when they have the suitable survey for you. You can access the survey straight from your email. Most of the time, the surveys are short and only take about 10 minutes to complete. The longest survey I took is about 20 minutes because it is having more complex questions.

Once you complete the surveys, you will earn certain points and can later be redeemed for cash or other rewards including CASH by deposit to your PayPal account.

I joined YouGov on May 2, 2018 and have received my first survey on May 11,2018. from my previous experience in Global Test Market, it takes time to receive the survey regularly when you are new. But it soon will get better if you consistently taking part in the survey and complete it honestly.

YouGov
My account history since the time I joined the YouGov.

This is my current point. I still need more points to redeem any rewards. When you have spare time, why not just complete some simple surveys and earn some rewards instead of sitting there and do nothing?

YouGov
My current points in YouGov.

Last but not least, for every person that joins YouGov via your referral link and completes 6 surveys, you will also receive 200 points!

I only recommend the legitimate earning sites I trust to my friends and you. Soon I will update you on this post again once I redeem and receive the rewards from YouGov, just like what I did in my previous post.

What are you waiting for? Let’s join YouGov and earn points now!

blogging

10 promises in 100 days: Malaysia new government’s countdown timer starts now!

Updated May 19, 2018

At the polls on Wednesday (May 9, 2018), the opposition coalition (Pakatan Harapan, PH) had defeated the Barisan Nasional (BN)by having 113 out of 222 parliamentary seats! Again, CONGRATULATION to Tun Dr. Mahathis Mohamad who become our Malaysia Prime Minister!

As a Malaysia citizen, the one I concern (most of the Malaysian too) after the new government formed recently is their election manifesto on March 8, 2018, where they had promised 10 things they hoped to achieve within the first 100 days if they win in the 14th General Election (GE14). You can find and download the complete document on PH website.

PH's 10 promises in 100 days
PH’s 10 promises in 100 days infographic (Image credited to Pakatan Harapan)

Here are the lists of 10 promises. I will keep updating when they fulfill it with black and white. From here, it will show how effective and efficient the new government administration do their jobs, and also how we, as a Malaysia citizen gains benefit from the new policies.

1   Abolish the GST and take steps to reduce the cost of living.

The Goods and Services Tax (GST) is a tax that oppresses lower income groups. It is a regressive tax that has to be paid even by the poor. The abolishment of GST will reduce the cost of living, increase the purchasing power and allow the people to spend their hard-earned money on other priorities. The government will replace the GST after it has been abolished with a new Sales and Services Tax that is fairer and does not burden the population and businesses.
Update: the government has announced to reduce the GST rate from 6% to 0% on all goods and services supplied effective June 1, 2018.

2  Stabilise the price of petrol and introduce targeted petrol subsidies.

The government will stabilize the price of petrol so that the youth will have more savings. The government will provide targeted petrol subsidies at a suitable monthly rate to those who qualify. This will be targeted to those who use motorcycle below 125cc and car below 1300 cc. A quota will be devised to prevent abuse.

3   Abolish unnecessary debts that have been imposed on FELDA settlers.

Settle these debts as soon as possible becomes one of the goals of the government through appropriate measures, including 50 percent of disposal of existing debt and introduce a non-usury loan scheme.

4   Introduce EPF contribution for housewives

A nominal 2% contributions from their husbands’ EPF will be diverted for this purpose. This will not be burdensome to their husbands. In addition, RM50 monthly will be contributed by the government to the housewives’ EPF scheme. They can make withdrawals in stages to ensure long-term savings. In short, the welfare of mothers will be maintained by the immediate family members (their husbands) until the end of their life.

5   Equalise the minimum wage nationally and start the processes to increase the minimum wage.

The minimum wage will be raised to RM1,500 per month nationwide in the first term of the government, and we will review this rate every 2 years. To reduce the burden on employers, the government will share 50 percent of the due to the rise in minimum wage.

6   Postpone the repayment of PTPTN to all graduates whose salaries are below RM4,000 per month and abolish the blacklisting policy.

The burden of PTPTN loans that graduates have to shoulder today will be reduced by extending the date they have to start repayment. These young people will only be asked to start repayment when their monthly salaries reach RM4,000 per month. Students who performed well in their studies and students from low-income households will be given commensurate discounts or the loan will be forgiven completely.

7   Set up Royal Commissions of Inquiry on 1MDB, FELDA, MARA and Tabung Haji, and to reform the governance of these bodies.

The government will establish Commissions of Inquiry to investigate, separately, the misdeeds in 1MDB, FELDA, MARA and Tabung Haji. The Commissions will also be tasked to recommend appropriate follow-up actions, as well as detailed mechanisms to resolve these mega scandals.

8   Set up a Special Cabinet Committee to properly enforce the Malaysia Agreement 1963.

The government will adhere to the true spirit of the 1963 Malaysian Agreement based on mutually agreed special clauses. The government is committed to restoring Sabah and Sarawak position to their rightful place, in line with the 1963 Malaysia Agreement. This will protect the unity of the Federation.

9   Introduce Skim Peduli Sihat with RM500 worth of funding for the B40 group (whose salary bracket is RM3,855 and below) for basic treatments in registered private clinics.

The government will introduce Skim Peduli Sihat, similar to what was implemented in Selangor, to the rest of the country. The scheme provides RM500 per year for B40 families to visit private clinics for basic treatment (primary care). This will ensure they do not depend only on government hospitals or public health centers that may be far from their homes. It also reduces the workload of government health officers.

10   Initiate a comprehensive review of all megaprojects that have been awarded to foreign countries.

The government will conduct a comprehensive audit forensics so that we can have full information of the real financial situation of the country. This information will be made public.

(The source from Buku Harapan)

 

money

Top 3 reasons not to get a credit card

Budgeting and saving my money have become an essential task for me this year. I decided to stop using the credit card although it can be a key financial tool for me if used responsibly. There are some reasons for me to stop using it.

credit card
stop using the credit card!

1   Blowing my budget

The biggest problem of having a credit card is that it encourages me to spend money that I don’t have. Most of the time, it does not require me to pay off my balance each month, so I will easily overspend without staying on my budget.

2   High-interest rates 

Credit card company will charge an enormous amount of interest if you are not able to pay off the money you spent at the end of each month. In other words, if I carry a balance at the end of each month, all my purchases will end up costing me a little more.

3   Credit card fraud

The credit card is the common target for scammers. Sometimes you might not know your credit card number has been stolen until you receive your monthly statement. Therefore, I need to always keep those receipts and review the monthly bill to confirm that it accurately reflects my purchases. It is adding stress to me and it is time-consuming too.

Credit cards can make my life easier and be a great tool, but it can become a huge financial burden to me if I do not use it wisely.

Since the debit card nowadays is very convenient will it allows me to spend money by drawing on the only funds that I deposited with the card provider, I can stay within my budget. Same as the credit card, I don’t have to carry a lot of money with me wherever I go.

Do you have any experiences with a credit card? Feel free to share with me under the comment below.