eshda3wa

October 13, 2009

Broke


Im ALWAYS broke.

Im so bad with money. The minit i get paid, im broke .

i need to learn how to manage my money.

But how? Can it be taught aslan?

The only solution i can think of is to lock myself at home and not go out!

Thats not realistic!

I get paid well. some of my girlfriends even save up a good sum every month.

One of my girlfriends gets paid a quarter of what i do, she manages to live the good life and save up..

eshlooooon?!!

HOW does she do it!

I cant unlock the secret!

I dont believe in saving. Im young, single, its time to spend and spoil myself!

But its also nice to have money to actually spend. Or by the end of the day have something to show for it.

I come home broke, so i think about where i spent all my money, and i cant remember!

This needs to change NOW!


How do you guys manage?

Can you give me any tips?!!
posted by eshda3wa at 12:00 AM

56 Comments:

كل شهر قطي ٢٠ بحصالة

October 13, 2009 at 12:46 AM  

1- Open a new account with your bank.
2- Set a monthly transfer order equals quarter your salary.
3- At the end of year you will have 3 salaries in your account which is a bonus for your saving.

October 13, 2009 at 2:19 AM  

I've learned to save some money after my bank account was closed when it hit the zero!.
since then I became more aware of what I buy. I only buy things that I need, that looked very pretty and in a reasonable price. Before I go shopping I set a limit to how much I'd spend and don't cross that red line.
And in cases of emergency like once-in-a-year-stuff I do spoil myself.
Good luck with that :D

October 13, 2009 at 2:58 AM  

I have the same problem my friend :( and my bigger problem is that i'm always broke half way thru the month which is saddening .. i try to remember how i spent all my money?! but fail to remember :(

I'm looking forward to the comments and hope i find a plan for next month..

*btw : i've been a silent reader of ur blog for quiet a while .. enjoying your posts :)
tc,
noora ..

October 13, 2009 at 3:04 AM  

Saving and I never get along. I'm not good at manage money as well. Maybe you spend it all on food? On clothes? On unnecessary stuff? Try to reduce some unnecessary expense.

October 13, 2009 at 5:23 AM  

It is not easy to save money when there is a lot of stuff you wana do. But, I end up saving. What I did is that get two extra saving accounts other than the one that I have which is where my salary drops in. One I save 10% of my salary and the other one is for my car and I also keep 10%
you never know when you need to change the brakes, get a flat tier, or anything so you should be ready :P

I wish this helps ^^

October 13, 2009 at 6:23 AM  

Ya sheen el-falas :/
What I can say is : do like my sister did!
She was spending money in no time, so she started to go out without her visa or bank cards ;)
Keep little cash in your bag and take the cards out!
Dose it work with you this way???
Hope yes :)

October 13, 2009 at 7:03 AM  

I cant !

I am always always broke too !

ta36eni 1000 ta36eni 100 kelhum ye6eron eb nfs el wagt !

We both need a financial advisor !

October 13, 2009 at 8:11 AM  

am suffering from the same problem
enjoyy ur single and young =D

October 13, 2009 at 8:39 AM  

What a coincidence, I just posted something about budgeting http://is.gd/4gyns
When I was single I spent money much faster though, but I had to move out of my parent's home for a year and lived alone which totally changed my spending habits. Because if I spent all my money it meant I would not find any money to eat :-)

October 13, 2009 at 8:39 AM  

50% necessities
10% play (anything that doesnt fall in necessities ie splurging)
10% education related (courses, books, etc)
10% health (gym or related)
10% giving( charities, gifts, etc)
10% saving
----------------
100% IT WORKS!!!

October 13, 2009 at 9:22 AM  

of course it can be taught !!! The key to financial freedom is financial organization...... I am surprised you even studied abroad ???

First open up a saving account in a different bank.. Put a standing order to transfer the amount of money you want after you receive your salary.. Then divide the rest of your money by 4 and withdraw that amount weekly.. For Example, lets say you earn 1000 .. You want to save 400 a month... Hence, you transfer 400 to the saving account.. withdraw 150 a week to spend on everything....


6ab3an leave the atm card for the savings account at home.. and never use credit cards unless its an emergency... I am confident if you stick to these rules you will never be broke again..

P.S. This is a very easy and simple system if you cannot stick to it I think you seriously have problems :P

October 13, 2009 at 9:43 AM  

If you don't take money from any1 else, and depend on your income only, then how do you live if you spent it all in 1 week?

How do you pay for gas, or dinner, or your phone bill??

Knowing your gonna be screwed if you overspend, is the biggest motivator to keep your spending in check. Especially when you don't have/don't want somebody else to bail you out.

October 13, 2009 at 10:49 AM  

i was the same

more maybe

BUT

after watching many series of "MAXED OUT"

i learned many tips

i learned the way of managing money

and for the 1st time in my life

i manage to do a budget

i didn't stick to it at the 1st month coz i was a total mess

but the next month i managed to get to the end of the month with a surpluss .. a bigtime surpluss

i hope it'll help

http://tv.msn.com/tv/series/maxed-out/

:")

October 13, 2009 at 11:03 AM  

I have the SAME problem :P
Solution?

1. sawai esteq6a3 banki for every month to a savings account. and DONT get an ATM card for ur new savings account

2. u can sign up for multi-asset funds, they deduct min ma3ashech a certain amount (around 200KD) and they invest it for u, u forget it for like 5 years. u get both savings and a bit of profit.

i did both, in the beginning it was hard.. bas when i think about it in the long run, its really nice, o bas ba3dain u learn to adapt to ur "new" deducted salary =)

October 13, 2009 at 11:18 AM  

The first thing you have to work out is the confusion as to WHERE the money is going. Hathi yabeelha ga3da! Get a paper and create a table and work things out. On the column section should be a time period and on the row section the item. So on top you can see the headings Week 1, Week 2, Week 3 Week 4. The on rows what items you spend on, for example: Restaurants, Shoes, Clothes &Accessories, Electronics, Gym Fees, Car-Related. Do that first so that you'll get a good idea what's taking out the largest chunk of your salary.

And sweetie, when you're young is when you're supposed to save and when you're older is when it's time to really enjoy your money and spend. You've really turned that on its head :P

October 13, 2009 at 11:54 AM  

ana no3i i save 7ag shay "muhim" ba3dain lama ayami3 mablagh zain i decide to treat myself to something and end up spending most of it 3ala kharabee6!

i haven't recieved my first paycheck yet but i'm thinking of opening another account to transfer 20% of every paycheck to it. because if it's all in one account i won't be able to save anything!

October 13, 2009 at 3:06 PM  

Spend wisely... the problem here is when we look at people spending we want to spend like them!! think..where u need to spend!!!! its not just u its more than half of our young generation which is in similar situation every month...

October 13, 2009 at 3:43 PM  

check my post it might help u :)

October 13, 2009 at 4:16 PM  

thakarteni ib film Confessions of a Shopaholic. allah e3enich yeah its not easy i go through it sometimes, try to write everything down 3ashan you know where you spent your money. if you feel your almost broke slow down 3ashan mataw9len 7ag mar7alat il broke i hope it helps.

October 13, 2009 at 4:50 PM  

Saving account? No?
Well you need to set a goal.. like when I wanted to buy a car I did save in no time and got the car I wanted.. going in shopping sprees whenever you feel like it is fun.. but it happens cuz your brain isn’t thinking of “anything else” to eventually get.. like you can force ur self to think of saving for a project.. any investment whatsoever.. which is something to bring more money.. that should be motivating a bit.

Good luck. To us both ;D

October 13, 2009 at 5:40 PM  

Well i say take a few hundred of your GENREROUS salary and put it in a savings account that you cant touch! then take a hundred and put it aside in an emergency box. then do what you please with the rest...

Stop buying shoes you have enough!
Stop inviting your friends to dinner every day!
Download skype and Stop calling your friends abroad!
Stop paying for gyms your never going to go to :P
I think that will save a bit:P

Love u :**

October 13, 2009 at 7:31 PM  

Open a new bank account. Ask the bank to transfer the amount your planning to save from the original acc to the new one each month(standing order) don't apply for an atm for the new account.

October 13, 2009 at 7:37 PM  

i waste all my money on food and useless items, fa by the end of the day im broke, 7ali min 7alich:o

October 13, 2009 at 8:04 PM  

Open a new bank account. Ask the bank to transfer the amount your planning to save from the original acc to the new one each month(standing order) don't apply for an atm for the new account.

October 13, 2009 at 8:06 PM  

I don't have that problem since I'm not a huge spender. I can splurge on a thing or two every now and then, but I always have a good amount in my account, not because I save well, just because I'm bad at spending.

I guess I ask myself if something is worth the number on the tag, if I really need it...things like that...and I have a medeival conscience so I end up saying, "No it isn't" almost all the time.

October 13, 2009 at 9:50 PM  

do what i do always forget your walet ;P but if that doesn't worck once you get into a shop and you think that is a nice thing and you want it, tell yourself (( theres better in the other shop )) even if theres not just lie to yourself ;P after a while youll see yourself rasing a mount of money. and try to buy cheap things or if you want something bad look for many stors dont just buy it look for other stores untill you find the cheaper

October 13, 2009 at 11:10 PM  

im like u with my money!
m2saah walah!
im always broke.. n when im not i feel broke :P coz a7s any second ill go out n everything will be gone!

o when u c wt u bought its like nothing! wain ra7o elbaizat! mostly food!!

surprisingly.. i can manage other ppls money REALLY well! when wer in something i am the money keeper.. n i always find ways to double the money.. accpt mine :p

HELP!

October 14, 2009 at 12:07 AM  

Write down everytime u spend something write it down in a tiny notebook that u are now gonaa carry with u all around everywhere. Then ud realize where u spent ur money, and wain makan lah da3i, it will help u become more aware and control ur unnecessary splurges.

October 14, 2009 at 12:56 AM  

elshai elly tabeen teshterena ne6rai aleeh shahar y3ni ok tabeen shai qoolai elshahar elyay o telqeen elshahar elyay 6ela3 mn 56rch o ma te7tajeena :)

October 14, 2009 at 7:51 AM  

have 2 accounts,, one yanzil feeh il salary oo il other one for expenditures.. il 7sab illi yanzil feeh il salary DON'T get a card for it.. oo transfer juz2 min ur salary to the other account illi u will be using for spending..

that helps me a lot!

October 14, 2009 at 10:27 AM  

My advice ... take a certain lump sum the day your salary is deposited and place it in a savings account in another bank... whatever's remaining from your salary, spend it throughout the month

October 14, 2009 at 2:32 PM  

hmm, fist comment, but also not a helping one. I'm really having the same problem and I just figured out the reason lately cause I've stayed long time broke to think about it :P

the problem starts once I got my payment. all my thoughts cahnges one I have money.

I have a really good salary for some one like my situation cause I'm single and I don't have anything to spend money on like junk car to fix or rent or somthing like this. the only good thing i did for my self that i kept my phoneline xpress paycard so that I wont worry about the phonebills.

so, if anyone has tips, please?

and sorry for talking too much but the post really got me :)

October 14, 2009 at 4:58 PM  

i'm older than you and still worse than you, but maybe cuz i'm the breadwinner of the family. if you knew please tell me :)

October 14, 2009 at 5:23 PM  

Not a single tip ???

really really Eshda3wa you people ??

October 14, 2009 at 6:30 PM  

Ma7ad saving!
Lefloos trou7 wtye!..
Spoil ur self while u can (6)! :P

October 14, 2009 at 9:24 PM  

i spent two mpnths rent on a jacket yesterday !! and my apartment is in centeral london !!

October 14, 2009 at 9:32 PM  

inoor
khofich kel shahar akser el7a9alah

anon
a quarter.. hmm gotta think about that one

faten
ana moshkilty eb hal red line

anon
hey nora.. im glad u finally decided to leave a comment.. i hope its not ur last..
ana b3d half way thru i have nothing and im left to wonder where it all went
u think id learn.. but noo

c
most probably on shoes

G
atleast u have something to spend it on!
i dont even have a car!
so mali 3ether!

msha3erha
i doubt it would
but im willing to try
ill tell u how it goes

shoosh
7adna!
etha legaity a7ad goleeli

candy
i am :)

jessys
i lived a lone for uni
i was very good with my money then
its when i moved back into my parents house the problem started!

October 15, 2009 at 12:24 AM  

anon
easier said than done!

since 2007
i do have problems
and i admit it!
i never had a problem when i was living abroad. i was very good with money. its when i started makin my own i went crazy

Miya
god bless mommy and daddy ...

zooz
i def. watching the show

cherry
i have a savings account, and i used to transfer money to it. then i traveled and spent everything i save..
its the forgetting part i have a problem with

1001nights
no no
its ppl that have it all wrong!
now i only have me to worry about,,
tomorrow u never know .. bait rayel e3yal..
so i should enjoy it while it lasts!

dandoon
ee ana ba3ad ayami3li baztain oo ba3dain spend them.. ya3ni ma sawait shay!

Amu
i hope i can change

giggles
i should start writing things down !

October 15, 2009 at 12:35 AM  

faith
i like the idea of setting a goal!

zara
i have been trying to call u since u left
tosha sent me two numbers but i cant get a hold of u on either
PLEASE msg me
i miss u .. we need to talk ASAP.
need girl friendy advice!

hasan.b
i did that
i still managed to spend all of it

fattu
lazim we change that!

F.
i wish i was like u
i look at the tag and say: nothing is too expensive for u baby!

gigglr
i can give it a try

nosa
try some of the things the other bloggers suggested
and tell me what works for u

mrs
bacher bashteri note book

fereej
thakerti qaweya mako shay y6la3 min kha6re!

October 15, 2009 at 12:46 AM  

JE
its so hard!
bs worth a try i guess

Maz
what i need to know
is how to make my salary last a whole month

lurker
i hope the comments help u come up with a solution1

muse sphere
u r the bread winner.. so atleast u have a good excuse!

daggero
fee a lot of good ones
i was just late publishing!

madry shkw
sa7.. bas i have to have money in in order to spoil myself!

single
ok i wana see that jacket!

October 15, 2009 at 12:51 AM  

I shift money between accounts so that I don't spend from the main one! And I only have one credit card and it covers it!

October 15, 2009 at 2:31 PM  

marzouq
i dont even have a credit card!!

October 15, 2009 at 2:43 PM  

You should move part of your salary to another account. which you leave the ATM card at home..
I tried this, it actually works

October 15, 2009 at 2:51 PM  

si7by the least amount of money every time you go to an atm machine, this way you could cut down cost. this is because that we all know that whatever amount you have in your pocket, you'll spend it whether its 10 kd or a 100, and you can hangout and have fun with both, i tried it few months ago and it worked, but lately im not saving, just living pay check to pay check

October 15, 2009 at 4:30 PM  

Open a savings account in another bank. Make a standing order monthly to that account with a certain amount you wanna save per month! Ohhh and dont ask for an atm card for this one

October 16, 2009 at 10:33 AM  

oh you inspired me to a random thought post for today hahaha

October 16, 2009 at 10:34 AM  

etha 3arafti el 6areqa 3shan aqte9ed blma3ash golely !!

October 16, 2009 at 5:48 PM  

instead of taking all your money with you when you go out, keep a quarter of your money in a safe place.. so even if you spend all of your money, when you come back home, you will come back to something!

October 16, 2009 at 6:09 PM  

nice figure ;-) is that you ?

October 16, 2009 at 11:20 PM  

you're single? ;) hmm

October 17, 2009 at 3:11 AM  

rimyolta
im gna give it a go

on the rocks
hat soo doesnt work with me

ansam
thats what most ppl suggested
so ill try it out
lookin forward to reading that thought!

cream milk
hehe
isnshalah

summer
and then spend it the next day :S

adrenalinefix
maybe
maybe not

7asoon
hmmmm ??

October 17, 2009 at 11:36 AM  

Eshda3wa mogadra twafren shwaya :P
76eelch 7saab thanii o yg63oon minah
ee o saway rjeem cuz q8 kilha m6a3m :S

October 18, 2009 at 3:25 AM  

khalid
3ad etsadeg
i dont spend a lot on food!

October 21, 2009 at 1:32 PM  

when u go for shopping ask ur self that :
is it a need or nice to have ??
a need : go for it
nice to have : change lane and go home
then u will find ur self with extra money every salary :)
bosale7

October 23, 2009 at 3:50 PM  

make sure to save awal ma yanzil el ma3ash wo never touch that amount.

saving el baji never works.

October 27, 2009 at 3:18 PM  

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