Any tips to save more from my salary?

Go to an affordable place to hang out. Usually I do buffet haha. The cost-time ratio is worth.

E.A.S.Y

Eat: Bring your own food for work. Watch the food expenditure by having a budget every month. This will allow you to monitor your spending such as bubble tea, snacks.

Activities: Participate in low cost activities like going to the beach. Cycling.

Salary per hour: Know how much you are getting per hour. For example, you are earning $15/ hour. 1 new iPhone 12 will cost $1200. That will require 80 hours of work . it is equivalent to about 10 days of work.

Yourself: You need to enjoy this process of being minimlaist and be prudent.

Life is short and is time sensitive, no point aiming for F.I.R.E but missing out in life.

I save a good portion of my monthly income, here's my method:
1) Calculate monthly fixed expenses (loans, allowances etc)
2) Deduct the amount above from your salary
3) If you're left with more than 50%, great, every month you can spend up to 50%
4) If you're left with less than 50%, 1) Decrease your fixed spending such as selling car etc or 2) Increase your salary by taking on extra jobs on weekends etc

Hi! I have a budget tracker. Each month, for the last 1.5 years, I calculate all my expenses and less my cashback (through interest from investments or bank interest, Ang pao money etc) to get my total nett spend. My total nett spend is based on 70% of my budget. That 70% is derived from how much my salary per month is. I will always rmb not to touch the 30% which I keep for savings and future investments. Once you’re disciplined to keep track of your expenses, you’ll be more financially savvy. If you struggle at first, highlight the most expensive stuff you’re shelling out money for and ascertain if it’s really a “need” or “want”.

There’s a $1/day rule that I stick to. You can try it out. For example, I justify the purchase of an item (that is not food,drink, bills or other fixed income that cannot run away from) with the $1 rule. Let’s say I buy a bag for $100, I must make sure that I use the bag for 100 days so that it works out to $1/day and if I don’t think the item gonna last me for the duration stated, I look for something just as good that can fulfil the duration of the price listed for the product. If you do this for literally perishables and non-perishable items like even furniture for your house, you’ll be able to have a greater peace of mind and also a greater sense of satisfaction of your purchases. Importantly, having conscious and disciplined decision-making in your expenditures will help you become more financially savvy. 😊

PS: I save more than 50% of my salary as a result of rollover from unused budget the previous months, something like what Circles Life do with your unused data from previous months.

Try it out. Hope it helps!