manageexpenses – My Minimalist Lifestyle

What is Money?

It has a variety of meanings for many people. But for me, money is just a tool to satisfy our needs and wants. My retirement goal is to stay away as far as I can from something that required money. You need to ask yourself, what money can satisfy your needs and wants? To me, my need is food. I don’t buy much clothes. I don’t buy much shoes, or bags. It’s foods, water bill, electricity bills, internet bills and a house I can call a home.

I want to retire earlier than compulsory age. I want to have a living where I don’t need to worry about bills, mortgages, and foods. my focus for retirement is to go back to basic life and needs. I want to be away from massive traffic jammed. I want to be away from toxic circle friends and families. I just want to be alive and enjoying each my day n seconds, glorifying life surrounding me. I had enough of this fake world and getting back to real purpose or living.

I set my target, to retire in the next 10 years, insya Allah.

To be continued…

Love, Sofia

New Chapter of My Life 😍

Hello friends!

Wow, it’s been 10 months since I updated my blog due to workload and stress. Finally, I’m freedom from Corporate World! haha, temporarily 😃

I was thinking, due to economy not stable etc, our daily expensive increase significantly lately. I know I need to do some side income, because daily life these days becoming soo expensive. I’m still survive, because of my minimalist living. But I want more than enough so that I can help those who need it, especially my families.

I’ve seen in front of my eyes how people who used to have millions in their account on surviving mode now. In my country, Malaysia, most people are working in Corporate Company, having EPF (Employees Provident Fund) saved monthly with free contributions from employer, monthly. But, I saw when they reached 55 years old and finished their saving money even before they reached 60. It’s stipulated in my mind that I still need to work even though I reached a mature age of 55 years old to take out my money.

Here is the thing on what usually happened, when someone reached 55 years old, most scammer can “smell” the new money. So, mostly people will fall for scammers. Well, I don’t wanna be such. I wanna build my own business right now, so by 55 years old, it can run itself with minimal supervision.

If you wanna get into business in Malaysia, you need to register SSM (Suruhanjaya Syarikat Malaysia) and choose an appropriate type of business. Well, it was not a smooth process for me, but eventually I managed to get my SSM certificate. Yay!!

So, here we go, bismillah to start my business.

pssstt, well, I had eventually finished renovating my new home. Will share in the next blog on my new renovated home and share some tips on how to manage new house renovation from the beginning. 🥰

till then, to be continued…

Love, Sofia ❤️

p/s: Notes to my corporate world: 😝

Minimize Your Debt

Hi Everyone! Hope you are doing good.

When talking about minimalism, it’s not only about your space. It’s about lifestyle, including your space, your financial goals, your relationship. It’s about how you let go of those unnecessary and keep the mandatory that always be your goal. It’s about setting up your life goals. Minimalist have various definitions towards each of people, but for me it’s lifestyle and life goals.

I’ve started being a minimalist since 2018, to be honest the most hardly to do is to minimalist my wardrobe and cables. I’ve decluttered my space, decluttered my relationship, decluttered my circle friendship, minimizing my expenses and maximizing investment and saving. I really enjoyed the journey.

Today, I’m about to minimize my “bad debt” and transferring it to a good debt. The only “bad debt” I have now is my credit card which I’m fighting for quite so long. Today, I’m about to refinance my 1st home, and clearing all my credit card and have some cash in hand for me to build my positive cashflow – Debit Card.

There is a lot of impact and consequences I’ve checked and put into consideration, like how much difference I need to bare, and what about insurance, how many years the new insurance will cover, is it enough until I’m at least by the age of 60/70? I’m not dare to take fewer years of insurance, so the original insurance was to cover 35 years, I’m checking for 30 years for the new insurance. Oh, by the way, the most important thing is the property has tenants and the cost can cover my whole bank now plus some little extra. By calculating everything, I saved monthly RM 1.2k!! Wee!!! Plus, my credit card settled and I have some cash in hand. So, I’m now need to think carefully what I shall do with the little money I have in hand.

Next, my target is to manage a debit card for replacing a credit card. Yay!! I was so happy as I’ve found the solution to declutter bad debt. After I’m done building positive cashf. Next, xt I’m gonna think a way on how to set goal for my retirement day!! Hey!! It’s not too earl to think about when you are nearly , okay? Nay or Yay!! 😃

Till then see u in next post..

Love, Sofia

Things to Sort before Entering Year 2023

Hi Everyone..

For the past few months, I’ve been through a turbulent changes in my life. I’m started losing control of myself, my life and my surrounding. It’s a perfect time to slowing down all of the issues and take one by one step to solve it. To get back incharge of my ownself. So, here my longterm goal to achieve before entering Year 2023. Risk to be taken on each of stages, and consequences of each steps taken.

1. Financial base

To list down all monthly budget and to open relevant accounts for a long term savings goal. To track payment on each items such as Insurance, House payment, Credit Card payment etc.

2. Personal relationship

To put on hold for any toxic relationship or anything might leads for fights. I have tired of relationship, as you need to give some extra effort for them. For now, I will just put it on hold, and will check again if it’s really required to have any relationship or not. The risk assessment for a longterm goal will need to resume after the rest of item completed.

3. Work focus on longterm goal achievement

I guess, I had found a good environment workplace, yes it was. Unfortunately, it doesn’t gimme some sort of flexibility in a long run. So, I will need to find a good workplace environment with good colleague, and at the same time gimme some flexibility hours to sort my schedule. I’m loooking for work from home kind of company, so I balance out my life.

4. Family matters

Something that I’m trying to sort now. To make more time with family, to hangout and incharge on family matters. I’m kinda slighly off for pass few months, now it’s time to get incharge with them and spending more time with them.

5. Innerpeace Activities

Recently, I just figure out the company I work now having Zumba classes twice a week, I will start with that first. Later on, I think I will try to resume either my muaythai training or belly dance. Let’s see how.

So, okay. Those 5 things i need to sort before entering year 2023. I hope I can sort it, insya Allah 🙂

Till then, to be continue…

Love, Sofia