PRUDENT SPENDING TIPS


Price crisis caused many failed in managing financial crises to occur mainly household crisis. To prevent this situation from occurring, Project Director, Muslim Consumers Association of Malaysia (PPIM), Nordin Mat Noor Nirwandy, give some tips that can be applied by the user to control spending.
  1. Change your lifestyle, If first love to buy imported goods, now use mass local products.Local products are not only less expensive but can give good returns to the economy.Provide opportunities for local products to grow. Avoid being overly dependent on foreign products to the detriment of the national economy.
  2. Show an example of good usability to their children. Parents need to educate and provide a good example to be emulated. Avoid wastage unconsciously as waste water, electricity and cell phone use.
  3. Increase skills and knowledge to increase revenue and save. Every housewife should have skills like sewing or making cookies to help husbands earning more money. In addition, practical things that were previously not been made, eg, planting vegetables in the garden even in pots though.
  4. Plan expenses prudently. Estimated wasted between 20 to 25 percent of household spending per family. Many a shopper without a plan. Do plan ahead and list the types of goods before buying. Focus on essentials and limit unnecessary items.
  5. Do not panic or too emotional. Instead use rights as a consumer. Buy wisely and avoid those unscrupulous traders manipulated to take advantage.

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