{"id":37528,"date":"2022-10-18T14:40:44","date_gmt":"2022-10-18T06:40:44","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=37528"},"modified":"2022-10-20T19:23:18","modified_gmt":"2022-10-20T11:23:18","slug":"save-weekend-spending","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/save-weekend-spending","title":{"rendered":"How To Stop Overspending On Weekends"},"content":{"rendered":"

One thing we love about Malaysia is our abundance of public holidays and with them, the many long weekends.<\/p>\n

This translates to your weekend either starting on Friday or ending on Monday and sometimes even Tuesday. You want to go out with your friends and family to make the most out of the extra days that you don\u2019t have to work, but it comes at a price. You end up spending more on food, entertainment, and even parking over weekends.<\/p>\n

We asked a few people to learn about their spending habits just to get an idea of how much they spend over a week. The following table is an example of the average expenses for a single male who lives in Kuala Lumpur and enjoys being social on weekends:<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\n\t
\u00a0<\/th>Average expenses from Monday to Friday<\/th>Average weekend expenses<\/th>\n<\/tr>\n<\/thead>\n
Transport
\n
\n\u00a0<\/td>		MRT to work: RM 7 per day (RM35)
\n
\nAfter work:-
\n
\nPetrol: RM30 for five days
\n
\nParking: RM5 per day (RM25)<\/td>		Petrol: RM20 for two days
\n
\nParking: RM 10 per day (RM20)<\/td>\n<\/tr>\n
Food
\n
\n\u00a0
\n
\n\u00a0<\/td>		Breakfast: free (at home)
\n
\nLunch: RM12 per day (RM 60)
\n
\nDinner: RM15 per day (RM75)<\/td>		Brunch with friends: RM30 (RM60)
\n
\nDinner: RM20 (RM40)
\n
\nSupper: RM20 (RM40)<\/td>\n<\/tr>\n
Entertainment<\/td>-<\/td>Movie: RM18
\n
\nKaraoke: RM35<\/td>\n<\/tr>\n<\/tbody>\n
Total<\/th>RM225<\/th>RM233<\/th>\n<\/tr>\n<\/tfoot>\n<\/table>\n\n

We don\u2019t expect anyone to do all these every weekend, but assuming that this happens at least twice a month it amounts to RM5,592 a year.<\/p>\n

If you don\u2019t think it\u2019s that bad, here are some things you could have bought with all that money:<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Item<\/th>Price<\/th>\n<\/tr>\n<\/thead>\n
Roundtrip air tickets from KL to New York<\/td>RM4,099<\/td>\n<\/tr>\n
Samsung Galaxy Z Flip3 5G<\/td>RM5,499<\/td>\n<\/tr>\n
Apple 14-inch Macbook Air<\/td>RM5,499<\/td>\n<\/tr>\n
Prada Cloudbust Platform sneakers<\/td>RM5,659<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Yes, we know that there are some of you who can easily spend a lot more over a single weekend, but is this how it\u2019s going to be for the rest of your life? It doesn\u2019t have to.<\/p>\n

While the weekend naturally beckons you to splurge and spoil yourself, there are a few tips you can follow to make sure you don\u2019t end up blowing your salary on a weekend and resort to eating instant noodles for the rest of the month:<\/p>\n

<\/span>1. Set a weekend budget and stick to it<\/strong><\/span><\/h2>\n

You deserve to go out on weekends – you\u2019ve earned it. We won\u2019t tell you to stay home and watch Netflix all day, although that would be more economical.<\/p>\n

It\u2019s easy to get carried away with temptations and it\u2019s hard to control the urge to splurge and pamper yourself.<\/p>\n

To avoid dabbing tears off your face come Monday, it would help if you come up with a strict weekend budget. The easiest way to budget is to cap your spending in every area. Determine how much you want to spend on food, movies, and entertainment – and do not cross that line.<\/p>\n

For example;<\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\n\t
Lunch
\n
\nDinner<\/td>		RM30
\n
\nRM25<\/td>\n<\/tr>\n
Transport<\/td>RM20<\/td>\n<\/tr>\n
Entertainment<\/td>RM30<\/td>\n<\/tr>\n
Miscellaneous<\/td>RM20<\/td>\n<\/tr>\n<\/tbody>\n
Total<\/th>RM125<\/th>\n<\/tr>\n<\/tfoot>\n<\/table>\n\n

Also, remember these few tips to keep you on track:<\/p>\n