The most important starting point on whether you are building wealth or heading towards financial disaster is whether your save every month. Or in other words, spending less then you earn.

“Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” ~Charles Dickens


However, money has a habit of slipping out of our hands very quickly. And before you know it, you are left holding nothing but air in your hands. So then how do you ensure that you are on your way towards happily saving?


Pay Yourself First

Just take yourself as if you were an employee for Me Company. And every month, you need to ensure that you get paid. The moment you receive your pay, set aside the amount into another account that you will not touch!



Decide how much that you will pay yourself. It can be a percentage (e.g. 10-30%) or a fixed figure (RM500, RM1000, RM2000, etc).

Set up an automatic transfer for your funds every month so it automatically gets transferred without you having to do anything.

Move your savings into a different bank (preferably without an easily accessible ATM card or transfer mechanism).

Set a goal and track your progress on how much you are saving.

Set the objectives of your saving – whether to build up an emergency fund, investment, etc


TLDR: After paying off necessities, save before spending money on things you don’t really need.


Do you have savings suggestions to share? What seems to work (or not) for you?