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Fun Ways To Save Money

Wong Shu Lee  


  October 12, 2021

Last Saturday, we have discussed the phenomenon of homelessness. Though people become homeless because of many reasons, the most useful way to avoid being homeless is to keep sufficient savings to deal with these unforeseen circumstances. 


Since today (October 12th) is National Savings Day, let’s observe the day by thinking about your saving (and spending) habits and what you can do to improve if you’re not saving quite enough. 


Saving doesn’t have to be painful. Today, we’re going to share with you some fun ways to save money! 


Practice The 30-days Rule


One of the biggest obstacles to saving money? Impulse buying. It’s easy to fall for a well-targeted online ad that seems to know what you want before you do. But, there’s a solution: 


  • Instead of clicking on the ad, screenshot it and store them in a folder
  • On shopping sites, save items in your shopping cart instead of buying them right away
  • After 30 days, open the folder and see if you still want to buy that item 


You can apply the 30-day rule to offline purchases, too. Just make a note of what you want to buy, wait 30 days, and ask yourself whether you still want to make the purchase. You may be surprised what kinds of things no longer interest you after waiting 30 days.


The 100 Envelope Challenge


The 100 Envelope Challenge turns saving money into a lottery game where you win every time. The rules of the game are simple:


  1. Assemble 100 envelopes and write a number from 1-100 on each one.
  2. Shuffle the envelopes and put them into a bag or a basket.
  3. Every day for the next 100 days, draw an envelope from the bag.
  4. The number is written on the envelope you pull out tells you how much money to put into that envelope. For example, if you draw the number 26, you place RM26 into that envelope.


The incredible thing about this challenge is that after 100 days, you’re guaranteed to save RM5050! 


The 52-Week Challenge


Like the 100 Envelope Challenge, the 52-Week Challenge encourages you to make regular contributions to your savings over a fixed period. In this case, over the course of a year. 


Unlike the 100 Envelope Challenge, the element of surprise is taken away in the 52-Week Challenge. So, you always know exactly how much you have to put towards your savings. Here’s how it works:


1. On Week 1 of the challenge, move RM1 into your savings account.


2. In Week 2, move RM2 into your savings.


3. Keep adding one ringgit per week until you reach the 52nd week and put RM52 into your savings.


By the end of the 52-Week Challenge, you’ll have saved RM1378. Though it is not a lot, it is a great way to build an extra emergency fund for people who have difficulties saving money. 




Just like exercise, to get the best out of saving you have to cultivate positive habits. That might mean changing negative behaviors like shopping to excess or making spontaneous purchases in the checkout line. 


You improve your saving habit the more you save. Committing to saving more money means having the resolve to analyze your spending habits, making the change, and then regularly following through over your lifetime. 


Happy Saving Money! 


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