BR1M can be finished overnight if you don’t have plan on how to spend it wisely, and this is not the aim of the aid of Bantuan Rakyat 1Malaysia 2014.
Some households will experience a financial boost with the coming BR1M. Many of us especially for the previous applicants, they expect to have extra cash in hand on a particular month.
The matter of prioritizing is important. To avoid unnecessary purchase, you’ve to plan. Anyway, it still depend on your own unique circumstances. Below is it the checklist which I think common people should do.
Ideas to spend BR1M (Bantuan Rakyat 1Malaysia 2014)
1. Pay your dept first
The case in your hand doesn’t make you look richer, it has to be deducted by the dept. We as Malaysia have so many dept. Common dept is house dept, car loan, water and electrical bill, unifi and Astro bill etc. Clear off your dept first is a good idea although in the end your BR1M fund may left zero, at least it used for the very right matter.
2. Reach your saving goal
Saving is a habit. You must have saving to face emergency situations. Some of the people never do saving, which is terrible. They could spend their salary within a week. They buy things they don’t need and expect government to give them yet another BR1M. Please be responsible for your own money, you are what you spend. Put RM650 into the bank isn’t a bad idea at all. Stay safe!
3. Buy kid’s stationary
Borang BR1M 3.0 is expected to begin probably on December 2013. This can help families to pay off their kids’ education fee. Show your love and get your son and daughter brighter shirt and shoe. Although as a student they receive bantuan RM100, but that defiantly not enough to cover everything. If they have brother or sister who’s in university, urge those who got BB1M, to get some reference books for the younger one.
You would ask what to invest with less than a thousand. Actually investment can be in any form. For example knowledge is a kind of investment. You can use the money to get into some relevant courses to enhance your skill and perform well in your company.
Tell us your way of spending your BR1M (Bantuan Rakyat 1Malaysia 2014)