Saving money is not as easy as it looks. Federation of Malaysian Consumer Associations (FOMCA) Deputy President Mohd Yusof Abdul Rahman said a recent survey revealed that 30 to 40 percent of Malaysians do not have sufficient savings. If you are one of those who is struggling to save money, here are ways to do it the smart way:
- Participate in a money-saving challenge
Taking part in a challenge is a fun way to save money. Did you know that you can save as much as RM1378 in a year if you start with RM1 in the first week and doubling it in the ensuing weeks? You can use that money for things you have wanted to buy, like a flight ticket to a dream destination.
2. Open a high yield savings account
Saving in the bank is a low-risk type of investment. The usual savings account lets you earn around 0.25% interest per year. A high-yield saving account allows you to earn up to 0.80% per year if you made no withdrawals for months. It will encourage you to leave your funds alone while making more from it.
- Organize your finances
Tracking your expenses might mean extra work, but you will not be fully aware where your money goes unless you track it. Tracking your expenses will help you better allocate your expenses and will ensure that you get the most out of your income.
- Cut your grocery bill in half
Malaysians spend most of their salary on food. According to Finance Minister Il Johari Abdul Ghani, Malaysians spend 31.2-percent of their disposable income on food and food away from home. The cost escalation of food makes it hard to cut your grocery bills, but it is possible to save on groceries. Start by creating a meal plan. Keep a stock of goods for a week or two to avoid impulse and last-minute buys. Buying in bulk is more practical than buying items in smaller quantity.
- Learn to do things yourself
DIY comes with hidden benefits. Imagine how much money you would save by learning to do your own redecorating and painting than hiring someone else to do it. Or how you can save money on food when you cook at home instead of dining out.
There are several reasons why saving money is important. Aside from having financial security, everyone needs to save because of emergency, retirement, and the costs of education. You can also avoid getting into debt when you have enough funds on rainy days.
Ipoh is the third largest city in Malaysia, and the economy has been steadily growing. Ipoh has been a prime vacation spot for local Malaysians and tourists alike as they explore historical sites, natural wonders, and cozy neighborhoods.
What is not so well-known is the booming economy and industries in the capital of Perak. With the growing number of people migrating to Ipoh, more and more jobs are created. Still, a lot of Malaysians are unsure in which industries they can find job vacancies in Ipoh. Check out these five growing industries to begin your flourishing and long career in Ipoh.
Ipoh is widely known for its chemical, metal, and product manufacturing industry. With a lot of lands available for warehouses and factories, Ipoh is home to conglomerates manufacturing everything from soaps, micro conductors and so much more. You can begin your career as a management trainee or in the engineering and IT departments.
Construction jobs never run out in Ipoh. As the city is booming, so is the construction of new hotels, restaurants, roads and buildings to meet the growing demand of new people coming in. Your career in construction can begin in the technical route or the managerial route as a management trainee or supervisor.
Ipoh is flushed with historical and tourist sites that rendered the city one of the most photographable in Malaysia. With the influx of tourists, hotels, resorts, and tour agencies are popping up left and right. There’s a selection of positions available for a career in marketing and sales for hotels or as a city expert for tour agencies.
Ipoh may not seem like the most technologically advanced city, but it is one modernizing at a quick rate. IT solutions providers understand the need for companies across a range of industries that are in need of IT solutions and more and more IT companies are opening in Ipoh. Your career can begin not just in a technical role but also as an account or project manager.
As more and more people move to Ipoh and business setting up, banks have begun opening up branches all over Ipoh for these new clients. Banks like OCPB and Ambank Mecham have several locations already and need new hires for client-facing roles.
If you have plans to begin a long and fruitful career in Ipoh, you can start your search in one of these five industries. These five industries are just starting to grow and will get even bigger in the years to come.
Teak is a naturally resistant wood that is perfect for making any furniture. This type of wood is extremely rare and quite expensive, but the ratio between benefits and cost are definitely high. Teak can endure all kinds of weather, which makes it ideal for garden decoration. If you wish to have this sort of decoration in your outdoor area, the best furniture shops in Malaysia offer the best teak wood as well.
What Are the Benefits of Choosing Teak Wood Furniture for Your Garden?
If you are shopping for outdoor furniture, you are probably thinking more about its longevity than design. Here are some benefits that you can derive from using teak wood as centerpieces in your garden:
As mentioned earlier, teak wood can stand any kind of weather changes in a tropical country like Malaysia. You can place it outdoors without worrying about deterioration. This type of wood can sustain its beauty for a very long time without showing any signs of ruin. Many people choose teak wood over bamboo or any other kind of wood simply because of its strength and resilience.
Teak wood can be blended well into any part of the garden or outdoor area. Its natural color is already beautiful enough so no need to redecorate it. The uses for this kind of wood are also limitless. You can use it as a bar table, bar chairs, and steamers. Moreover, it can also be used to beautify other places in the area such as the poolside, use it as tree bench and much more.
Relaxation can now become luxurious especially if teak wood furniture is around. Think about it: your grandchildren can use the furniture that you are using today. Its quality will remain the same from the moment you purchased it and in 20 years and more. If you are thinking of getting furniture and you don’t want to spend another dime for replacement in the near future, teak wood is the best material to use.