Financial Crisis Phenomenon...

Our world now is having financial crisis due to sliding of stock market. Even the new president of U.S now, Barack Hussein Obama is struggling to solve this problem. We should now realise that cost of living today is getting higher and higher. We must know how to manage our financial correctly now because of the rise in prices such as oil and fuel, household products, taxi fare and many more. With the rise of prices and low amount of salary given, we should be careful when spending.

Unfortunately, I'm so amaze to see how people still not realising what is happening now. Even if we go to the supermarket we can see how people are spending their money now like a lord. For example if you go to One Utama, you can see all the restaurants(from the most expensive to the cheapest) are full with people. They just don't care how much money they'll spend for the food. For me, why not if we cook ourselves and eat at home with our family. Definitely we'll save more money. Besides, we can take this opportunity to be closer with our family.

I was surfing the net and I found this website on how to spend money wisely. So, I'm gonna share with all of you. Firstly, when buying make sure you get more of what you really need rather than what you want. This step is little bit tricky because usually we always buy what we want and it tend to be more expensive. But don't worry, when there's a will there's a way. Of course we want to fulfill our desire but at this time we must play safe. Secondly, spend within your means. For people who are working, it's better to spend less than what you earn. For example, your salary is RM3000. Try to spend only RM 2000 and keep the balance safely in your bank account. The money you keep can help you whenever you are really in need. Thirdly, try it before you buy it. Meaning that you should try something before taking home to prevent you from buying unnecessary things. Sometimes we usually buy what we like to see such as beautiful pink blouse which really capture your attention, surely you'll buy it without noticing it doesn't match with you. Next, make your own budget. Every months, plan whatever you need to buy and if possible write it in your personal book. Do calculation based on what you spend last time and try to reduce it. Lastly, avoid from using credit card too often. This may prevent you from making various miscellaneous purchases and reducing more debts to be settled.

At this critical time, everyone should think wisely. Be prepared before anything happens. Teenagers like me especially must know how to help our parents and not trouble them. We are suppose to be ready with any circumstances.

This evening, I went to buy my favourite ice-cream(magnum walls), I was so shocked how expensive the price now. Formerly, it cost only RM3 but now the price rise to RM3.80. 80 cent higher. If everything become so expensive, I'll be broke la..So sad..