{"id":69558,"date":"2020-08-14T11:07:49","date_gmt":"2020-08-14T03:07:49","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=69558"},"modified":"2022-05-02T12:57:00","modified_gmt":"2022-05-02T04:57:00","slug":"savings-routine","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/","title":{"rendered":"How I Customize My Own Savings Routine (that actually works)"},"content":{"rendered":"\r\n<div class=\"sc-1sp3zau-0 jXJKWD sc-1di2uql-0 ifUVw\" data-tag=\"post-content\">\r\n<p><span class=\"font-500830\">Struggling to save money? Always caught off guard by huge one-time spending (laptop rosak, car battery dies out, receive random red-bomb from friends a.k.a. wedding invitation etc)?<\/span><\/p>\r\n<p><span class=\"font-500830\">Alright, in this post, I want to share<strong> how I develop my own savings routine that is actually pretty simple &amp; effortless.<\/strong><\/span><\/p>\r\n<p><span class=\"font-500830\">By the way, if you have any savings tips &amp; tricks, do share with me at the comment section below too!<\/span><\/p>\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-663a258beda7f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-663a258beda7f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#The_Difference_Between_Savings_and_Emergency_Fund\" title=\"The Difference Between Savings and Emergency Fund\">The Difference Between Savings and Emergency Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#The_Effortless_Savings_Equation\" title=\"The Effortless Savings Equation\">The Effortless Savings Equation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#Step_1_Note_Down_Your_Predictable_Expenses_in_Life_Purposeful_savings\" title=\"Step 1: Note Down Your Predictable Expenses in Life (Purposeful savings)\">Step 1: Note Down Your Predictable Expenses in Life (Purposeful savings)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#Side_Note_What_to_Save_For_and_How_Much_Per_Month\" title=\"Side Note: What to Save For, and How Much Per Month?\">Side Note: What to Save For, and How Much Per Month?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#Step_2_Automate_Your_Savings_Routine\" title=\"Step 2: Automate Your Savings Routine\">Step 2: Automate Your Savings Routine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#Step_3_Mindset_Purposeful_Savings_Mindful_Guilt-Free_Spending\" title=\"Step 3: Mindset: Purposeful Savings = Mindful, Guilt-Free Spending\">Step 3: Mindset: Purposeful Savings = Mindful, Guilt-Free Spending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#No_Money_Lahs_Verdict\" title=\"No Money Lah\u2019s Verdict\">No Money Lah\u2019s Verdict<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"The_Difference_Between_Savings_and_Emergency_Fund\"><\/span><span class=\"font-555555\"><u><strong>The Difference Between Savings and Emergency Fund<\/strong><\/u><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">In this post, I will solely be focusing on savings and will not be talking about emergency fund.<\/span><\/p>\r\n<p><span class=\"font-500830\">Personally, the <em>biggest <\/em>difference between them is my mindset:<\/span><\/p>\r\n<p><span class=\"font-500830\">For my emergency fund, the goal is to <u><strong>NOT<\/strong><\/u> touch the money whenever possible. (well, unless true shit happens)<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>On the other hand, when I save, I am ready to deploy that money for the purposes that I save for.\u00a0<\/strong><\/span><\/p>\r\n<p><span class=\"font-500830\">Simply put, my savings routine actually helps me to avoid touching my emergency fund for essential-yet-highly-predictable expenses &amp; goals in life.<\/span><\/p>\r\n<p>&#8212;<\/p>\r\n<p><span class=\"font-555555\">You might be interested: <a href=\"https:\/\/nomoneylah.com\/2020\/05\/20\/emergency-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Build an Emergency Fund?<\/a><\/span><\/p>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n<h3><span class=\"ez-toc-section\" id=\"The_Effortless_Savings_Equation\"><\/span><span class=\"font-555555\"><u><strong>The Effortless Savings Equation<\/strong><\/u><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">From my personal observation, a solid savings routine is an equation with 3 simple elements:<\/span><\/p>\r\n<pre><strong>Solid Savings Routine = Purpose + Automation + Mindset<\/strong><\/pre>\r\n<p><span class=\"font-500830\">Let\u2019s discuss them one by one below:<\/span><\/p>\r\n<h3><span class=\"ez-toc-section\" id=\"Step_1_Note_Down_Your_Predictable_Expenses_in_Life_Purposeful_savings\"><\/span><span class=\"font-555555\"><strong>Step 1: Note Down Your Predictable Expenses in Life (Purposeful savings)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">Purpose is the first element in the equation.<\/span><\/p>\r\n<p><span class=\"font-500830\">Looking back, the main reason why I struggled to save money years ago was that I did not have a strong purpose in doing so.<\/span><\/p>\r\n<p><span class=\"font-500830\">However, I was always financially frustrated by huge one-off expenses (eg. Car battery dies off, phone rosak, traveling)<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>Hence, what I eventually do is to anticipate predictable expenses in my life<\/strong> (based on past expenses), <strong>then save for them in a frequency that I am comfortable with<\/strong> (eg. monthly), kinda like having multiple Piggybanks.\u00a0<\/span><\/p>\r\n<h4><strong><span class=\"font-500830\">Example:<\/span><\/strong><\/h4>\r\n<ul>\r\n<li><span class=\"font-500830\"><em>1. Saving RM125\/month for a yearly solo backpack trip (around RM1,500\/trip).<br \/><\/em><\/span><\/li>\r\n<li><span class=\"font-500830\"><em>2. Saving RM50\/month for car maintenance purposes (around RM600\/year)<br \/><\/em><\/span><\/li>\r\n<li><span class=\"font-500830\"><em>3. Saving RM150\/month for guilt-free spending \u2013 a.k.a. Anything Fund (around RM1,800\/year)<\/em><\/span><\/li>\r\n<\/ul>\r\n<h4><span class=\"font-500830\"><strong>Here is a list of things\/expenses that I am purposefully saving for right now:<\/strong><\/span><\/h4>\r\n<ul>\r\n<li><span class=\"font-500830\">1. Traveling\u00a0<\/span><\/li>\r\n<li><span class=\"font-500830\">2. Yearly car insurance &amp; maintenance<\/span><\/li>\r\n<li><span class=\"font-500830\">3. Family\/parents fund<\/span><\/li>\r\n<li><span class=\"font-500830\">4. Capital for trading<\/span><\/li>\r\n<li><span class=\"font-500830\">5. Business capital<\/span><\/li>\r\n<li><span class=\"font-500830\">6. Anything fund<\/span><\/li>\r\n<li><span class=\"font-500830\">7. General savings (yes, I do allocate money for general savings purposes)<\/span><\/li>\r\n<\/ul>\r\n<p><span class=\"font-500830\">The one thing that I like about purposeful savings is that <strong>it helps me to comfortably save for an intended purpose at a small amount consistently.\u00a0<\/strong><\/span><\/p>\r\n<p><span class=\"font-500830\">By doing that, it lifts off the heavy burden &amp; stress of me having to fork out a lump-sum amount when the time comes for me to really spend, which could feel more than a pinch sometimes.\u00a0<\/span><\/p>\r\n<p><span class=\"font-500830\">Now, the key here to have a clear idea of your spending history &amp; habits, and ask yourself:<\/span><\/p>\r\n<blockquote>\r\n<p><span class=\"font-500830\"><em><strong>\u201cWhat are the goals\/expenses that I\u2019d want to start saving for?\u201d<\/strong><\/em><\/span><\/p>\r\n<\/blockquote>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1600\" height=\"1067\" class=\"wp-image-69563\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-scaled.jpg\" alt=\"\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-scaled.jpg 1600w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-300x200.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-1024x683.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-768x512.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-1536x1024.jpg 1536w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/pexels-maitree-rimthong-1602726-2048x1365.jpg 2048w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"sc-1sp3zau-0 jXJKWD sc-1di2uql-0 ifUVw\" data-tag=\"post-content\"><hr class=\"wp-block-separator is-style-dots\" \/>\r\n<h3><span class=\"ez-toc-section\" id=\"Side_Note_What_to_Save_For_and_How_Much_Per_Month\"><\/span><span class=\"font-555555\">Side Note: What to Save For, and How Much Per Month?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">There are no hard and fast rules here in my opinion.<\/span><\/p>\r\n<pre>\u00a0What to save for: Essential expenses, then goal-based spendings<\/pre>\r\n<p><span class=\"font-500830\">On regard to what to save for though, my suggestion is to <strong>first save for recurring, one-off essential expenses<\/strong><strong>(eg. car-related expenses), then only go for goal-based spendings (eg. travel, gadgets).<\/strong><\/span><\/p>\r\n<pre>How much to save for: it depends<\/pre>\r\n<p><span class=\"font-500830\">How much to save for is a tricky one as everyone is different. Of course, the maths is rather simple for recurring (a.k.a. must-spend) expenses like car maintenance &amp; insurance (total expected amount\/12 months).\u00a0<\/span><\/p>\r\n<p><span class=\"font-500830\">That said, for goal-based savings like travel fund or gadget fund, it makes a lot of sense to save within our means, where we are financially comfortable with the commitment. As an example, if you find saving RM420 per month (RM420*12 = RM5,040) to buy a new iPhone rather heavy in relative to your salary, perhaps you should consider lowering your expectation (maybe buy a mid-range phone?), or work harder to improve your earnings.<\/span><\/p>\r\n<p><strong><span class=\"font-500830\">The point is: Save within your means and ability.<\/span><\/strong><\/p>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n<h3><span class=\"ez-toc-section\" id=\"Step_2_Automate_Your_Savings_Routine\"><\/span><span class=\"font-555555\"><strong>Step 2: Automate Your Savings Routine<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">Automation comes next in building a solid savings routine.<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>I love to make my savings routine as simple and as automated as possible \u2013 to get it out of my busy life.<\/strong><\/span><\/p>\r\n<p><span class=\"font-500830\">For my own purposed savings, <strong>I opt for the convenience of various low-cost <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2021\/04\/02\/stashaway-review\/\">robo-investing<\/a> platforms<\/strong> that we have nowadays.\u00a0<\/span><\/p>\r\n<p><span class=\"font-500830\">Personally, I am currently using 3 robo-<a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/01\/10\/5-differences-between-investing-trading-that-experts-may-not-tell-you\/\">investing<\/a> platforms for savings, namely <a href=\"https:\/\/nomoneylah.com\/2020\/02\/11\/stashaway-review-2020\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">StashAway<\/a>, <a href=\"https:\/\/www.mytheo.my\/mytheoweb\/reg\/CHINYXWD49\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">MyTheo,<\/a> and <a href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">BIMB\u2019s BEST Invest<\/a>, for some of the reasons below:<\/span><\/p>\r\n<ul>\r\n<li><em><span class=\"font-500830\">1. Ease of automation with automated direct debit order.<\/span><\/em><\/li>\r\n<li><em><span class=\"font-500830\">2. Low annual management cost.<\/span><\/em><\/li>\r\n<li><em><span class=\"font-500830\">3. Low barrier of entry, from as low as RM0 for StashAway (RM10 for BEST Invest &amp; RM100 for MyTheo).<\/span><\/em><\/li>\r\n<li><em><span class=\"font-500830\">4. Convenient fund management (deposit &amp; withdrawal) with respective apps.<\/span><\/em><\/li>\r\n<\/ul>\r\n<p><span class=\"font-500830\">Of all, <a href=\"https:\/\/nomoneylah.com\/2020\/02\/11\/stashaway-review-2020\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">StashAway <\/a>turns out to be my personal favorite as it has a (1) <strong>simple (yet informative) user interface<\/strong>, (2) the <strong>lowest barrier of entry,<\/strong> and (3) the <strong>ease for opening multiple portfolios<\/strong> per user. This means that I can set up different StashAway portfolios for different saving goals \u2013 which is a low-key yet amazing convenience from StashAway.<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>Now, the key here is to spend some time (5 mins that\u2019s all) to set up your intended savings portfolio and automated direct debit orders \u2013 and you are all set for your purposeful savings journey.<\/strong><\/span><\/p>\r\n<h4><span class=\"font-500830\">By the way, if you are curious about the settings\/presets that I use for each platform, here you go:<\/span><\/h4>\r\n<ul>\r\n<li><span class=\"font-500830\"><em>StashAway: 6.5%, 10% &amp; 14% Risk Index (as recommended by StashAway)<\/em><\/span><\/li>\r\n<li><span class=\"font-500830\"><em>MyTheo: 8% Growth \u2013 65% Income \u2013 27% Inflation Hedge (as recommended by MyTheo)<\/em><\/span><\/li>\r\n<li><span class=\"font-500830\"><em>BEST Invest: Do-It-Yourself via BIMB Dana Al-Fakhim Money Market Fund<\/em><\/span><\/li>\r\n<\/ul>\r\n<p><span class=\"font-500830\"><em>Note: The withdrawal process for all robo-investing platforms are not instant and have to be processed for a couple of days. Hence, in case of urgent usage, I always have some cash in my bank account to pay for the expenses upfront before withdrawing them from my savings.<\/em><\/span><\/p>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\" style=\"text-align: center;\">\r\n<figure class=\"aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot.jpg\"><img decoding=\"async\" class=\"aligncenter wp-image-69562 size-large\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-538x1024.jpg\" alt=\"\" width=\"538\" height=\"1024\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-538x1024.jpg 538w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-158x300.jpg 158w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-768x1463.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-806x1536.jpg 806w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot-1075x2048.jpg 1075w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/stashaway-screenshot.jpg 840w\" sizes=\"(max-width: 538px) 100vw, 538px\" \/><\/a>\r\n<figcaption>Robo-investing platform like StashAway allows for multiple portfolios per user<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&#8212;<\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\">Read: <a href=\"https:\/\/nomoneylah.com\/2020\/02\/11\/stashaway-review-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">My StashAway Review<\/a><\/span><\/p>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<div class=\"sc-1sp3zau-0 jXJKWD sc-1di2uql-0 ifUVw\" data-tag=\"post-content\">\r\n<h3><span class=\"ez-toc-section\" id=\"Step_3_Mindset_Purposeful_Savings_Mindful_Guilt-Free_Spending\"><\/span><span class=\"font-555555\"><strong>Step 3: Mindset: Purposeful Savings = Mindful, Guilt-Free Spending<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">Mindset is the last important piece for me when I am developing my savings routine.<\/span><\/p>\r\n<p><span class=\"font-500830\">Now, some of you might be thinking:<\/span><\/p>\r\n<blockquote>\r\n<p><strong><span class=\"font-500830\"><em>\u201cWhat does mindset have to do for things like savings?\u201d<\/em><\/span><\/strong><\/p>\r\n<\/blockquote>\r\n<p><span class=\"font-500830\">Well, <em>everything<\/em>!<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>I used to feel very frustrated &amp; guilty when I have to spend<\/strong> to replace my dead car battery and the sudden need for me to replace my spoilt mouse.<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>Also, I tend to over-micro-manage my traveling expenses<\/strong> in the past which sometimes really affected my overall experience <em>(eg. thinking twice about trying some good, but slightly pricey food while traveling \u2013 which to be honest, really spoilt the mood)<\/em><\/span><\/p>\r\n<p><span class=\"font-500830\">Hence, setting up multiple mini piggybanks (eg. A StashAway portfolio) for different one-off yearly expenses &amp; purpose in my life truly enhance my financial life.<\/span><\/p>\r\n<p><span class=\"font-500830\">Instead of being frustrated by these one-off spending, I embrace and accept the fact that things like a dead car battery to traveling are simply part of my life, and I am financially prepared for them.<\/span><\/p>\r\n<h4><span class=\"font-500830\"><strong>In short, here\u2019s my point:<\/strong><\/span><\/h4>\r\n<p><span class=\"font-500830\">We\u2019ll always encounter random occasions &amp; incidents in our life that require money here &amp; there.<\/span><\/p>\r\n<p><span class=\"font-500830\">We could be financially caught off guard by them, or being extremely hesitant to spend for some truly awesome once-in-a-lifetime experience (eg. traveling).<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>On the other end, we also have a choice to save in anticipation of these events or occasions \u2013 it is really a matter of embracing the fact that these are simply part of life and we can, for most of the time, be financially prepared for them.<\/strong><\/span><\/p>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n<h3><span class=\"ez-toc-section\" id=\"No_Money_Lahs_Verdict\"><\/span><span class=\"font-555555\"><u><strong>No Money Lah\u2019s Verdict<\/strong><\/u><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n<p><span class=\"font-500830\">So here you go \u2013 my personal savings routine that is automated and relatively effortless (plus a bit of my old-man mindset talk).<\/span><\/p>\r\n<p><span class=\"font-500830\">To be honest, I think the hardest part for many people is really just to take the first step and start planning for their savings \u2013 and if that\u2019s being done, it\u2019ll extremely simple moving forward:<\/span><\/p>\r\n<p><span class=\"font-500830\"><strong>Just start.<\/strong><\/span><\/p>\r\n<p><span class=\"font-500830\">p.s. How do you plan your savings routine? Are there any unique purposes that you save your money for?<\/span><\/p>\r\n<p><span class=\"font-500830\">Share with me at the comment section below, would love to hear from you!<\/span><\/p>\r\n<hr \/>\r\n<h4><span class=\"font-555555\">You might be interested: <\/span><\/h4>\r\n<p><span class=\"font-555555\">1. <a href=\"https:\/\/nomoneylah.com\/2020\/07\/22\/how-i-invest-my-money\/\">How I Invest My Money as a Self-Employed Person?<\/a><\/span><\/p>\r\n<p><span class=\"font-555555\">2. <a href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/\">4 BETTER Ways to Save Your Money in a Low Interest Rate Environment!<\/a><\/span><\/p>\r\n<p>&#8212;<\/p>\r\n<p><span class=\"font-555555\">Disclaimer: This post is written for sharing purposes and should not be taken as advice to make any form of financial decision. Please consult a licensed financial planner before making any important financial decisions.\u00a0<\/span><\/p>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>Struggling to save money? Always caught off guard by huge one-time spending (laptop rosak, car battery dies out, receive random [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18,341,347],"tags":[204,222,225,235,330,348],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How I Customize My Own Savings Routine (that actually works) - No Money Lah<\/title>\n<meta name=\"description\" content=\"From my personal observation, a solid savings routine is an equation with 3 simple elements: Solid Savings Routine = Purpose + Automation + Mindset\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How I Customize My Own Savings Routine (that actually works)\" \/>\n<meta property=\"og:description\" content=\"From my personal observation, a solid savings routine is an equation with 3 simple elements: Solid Savings Routine = Purpose + Automation + Mindset\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/\" \/>\n<meta property=\"og:site_name\" content=\"No Money Lah\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-14T03:07:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-02T04:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/savings.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"816\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chin Yi Xuan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chin Yi Xuan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/\"},\"author\":{\"name\":\"Chin Yi Xuan\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"headline\":\"How I Customize My Own Savings Routine (that actually works)\",\"datePublished\":\"2020-08-14T03:07:49+00:00\",\"dateModified\":\"2022-05-02T04:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/\"},\"wordCount\":1398,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"image\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/08\/14\/savings-routine\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/savings.png\",\"keywords\":[\"Stashaway\",\"stashaway simple\",\"money market fund\",\"savings\",\"guide\",\"fixed deposit (FD)\"],\"articleSection\":[\"How-To...\",\"Money &amp; 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