Everything I bought from H website (Part 02)

One night while being curious about how much money I have spend on H website, I’ve screen cap all my purchases (luckily they kept all the records) for self-reflecting purpose. It’s a good reminder for me to become more mindful with my spending. Anyway, read Part 1.
2017: Key word of the year “Stock”
(no, not the ones from Bursa)

Feb 2017
  1. Physiogel Lotion – I was searching for a lotion for my eczema that came out of nowhere.
  2. Senka Perfect White Clay – One tube last forever about a year of almost daily usage.
Aug 2017: Kinda surprised I didn’t buy anything for 6 months.
  1. L’Oreal Lotion – At that time I read about one product from the same line and wanted to try it but was not available in the market. Bought this to “try”. Just a normal lotion.
  2. Nature Republic Aloe Vera – Sold this to a colleague in need.
Second purchase in Aug 2017
  1. Nature Republic Aloe Vera – Bought this hoping that it will be able to help to sooth the itch from my eczema. Use it religiously for a while, until I got too lazy to transfer it from the big tub to a smaller container because of hygiene.
  2. Miss Hana Brush Set – Wanted to start wearing eye shadow to office so I bought a set of cheap brushes to “practice”.
  3. Senka Perfect Watery Oil – Since I use cleansing oil almost on a daily basis, I will buy any brands that’s on sale.
  4. L’Oreal Lotion – Bought this as a gift.
Oct 2017
  1. Miss Hana Brush Set – This is a good example of mindless shopping. Why did I get the same thing again?
  2. Ryo Anti-hair loss Treatment – My fav treatment. I use this as a mask for my scalp for healthy scalp and hair regrowth.
  3. A’pieu Healthy Scalp Doctor Tonic – Gives a minty feeling on scalp after spraying and massaging. But one bottle is not enough to see any result.

Second purchase in Oct 2017
  1. Ryo Anti-hair loss Treatment – Stocking up when the price is low. You can get it from watsons now but it’s more expensive now (RM36 last checked in Aug 2019).
Got sucked into the Dec sales rabbit hole. First Dec 2017 purchase
  1. Skin Food Rice Wash Off Mask – Pretty decent wash off mask. It smells so delicious.
  2. Mise En Scene Perfect Repair – Bought this as a gift for Secret Santa.

Second Dec 2017 purchase
  1. Dr. Morita Mask – I was running low on sheet mask and decided to try this brand because normally it’s quite expensive. (But after participating in L’Occitane’s recycling program, I think I’ll stop using sheet mask). Bought one set as gift and one set for myself.
  2. Ryo Anti-hair loss Treatment – Stocking it up because at that time it isn’t available locally.

Third Purchase in Dec 2017

I’ve unlocked the shopaholic. The stock hoarding shopaholic that once was slumbering at the back of my lil mind. Oh no!
1. Dr. Morita Mask – More mask for the stock because it’s “cheap”. At that time I really think that way. That’s how sales can play with our mind.

Last purchase for 2017
  1. Ryo Anti-hair loss Treatment – Stock while you can.
  2. Mise En Scene – One for myself and one as a gift. I miss this brand from H site. It really makes my hair smooth and tangle free.

Actually I’m afraid to calculate the total for 2017 after reviewing my December purchases. But we have to face the cold harsh truth in order to learn from your mistakes. Here goes nothing. *drum roll* RM643.66 for 9 purchases (4 of it in December or 28.7%). And RM172.73 of it is gifts for others. On average RM53.65 per month, minus the random trip to local pharmacy.
Favourite products from 2017 purchases;- Ryo hair treatment & Mise En Scene hair oil!
Next up, 2018 purchases!

Little Sprout: June 2019

Slow and steady

Goal for this year is to get RM1,500 from interest & dividend.
Every little bit counts for me. #SmallIncomeBigDreams

This has been a slow year.

First post about this, let me do some explanation.
M2u-i: For “Sinking Fund” (Travel, car maintenance, impulse purchase, “parking” Emergency Fund until it’s enough for EFD placement). Some of the interest from my EFD will go to this account as well.
HLEB: I will transfer a set amount monthly to buy stocks when the price is right. It pays interest if you have a minimum of RM1,000.
Shares: Dividend from stock.
U.Trust: The first investment I did. I have 2 different unit trust with MBB and one PRS. Each counter is supposed to pay dividend but only received dividend from one counter. Last check still no paper lost. (Thankfully)
EFD: My Emergency Fund. Now just 50% of my 6 months expenses target. I try to set so that the interest is added into the principle. But some won’t let me do that.

Mid Year review
This year’s progress has been slow for both investment and dividend. Initially for this year I planned to invest RM10,000 before discovering the Debt Free Community. Right now I’m focusing on eliminating my consumer debt (Hire Purchase) before concentrating on my investment so I can put more fund to it but I will still put a small percentage of my salary into investment.

Investment Progress up until June 2019
JAN – MAR (RM1,350)
Can read from my IG post.
APR – JUNE (RM1,286.50)
APR
Trust account: RM50
RSP: RM125
Dividend: RM79.50
MAY
Trust account: RM587
PRS: RM125
JUNE
Dividend: RM320
Total JAN – JUNE 2019: RM2,636.50 (26.4%) from my RM10,000 goal.

“Slow progress is better than no progress.”
-Unknown.

Early Exit Plan: Consumer Debt

Failing to plan is planning to fail.
-Benjamin Franklin.

Read my previous post about new car ownership cost for 2 years. My goal now is to cut short the tenure from 7 years to 4 – 4.5 years and save at least RM900 – RM1,300. The figure might not sound a lot but money saved here is fund that could be used somewhere else instead.

Got this figure from AutoWorld if I settle it in 2.5 years
The figure if I settle it in 2 years

The Plan and Loan Balance
Duration: 24 – 30 months / 60 months (By June 2021 – Dec 2021)
Loan Balance: RM27,461.70 / RM33,000 (As of June 2019)
Amount to pay per month: RM483
Amount to save per month: RM667 (2 years) / RM450 (2.5 years)

The Plan
I will continue paying the monthly installment. As for the extra payment, I will transfer it to an interest-bearing account (M2u Savers) and save until I have enough to settle it within my time-line. For start, I will put RM500 into this account every month and any extra money I have left from my monthly allowance. Hopefully in 2 – 2.5 years I’ll be able to save up RM16,000 to settle my loan in one go.
I will have to pay the full RM27k if I follow my original plan. Got some advice from one of my IG post about car extra payment. (Thank you!!!)

Motivation
I think it helps a lot to post your progress online. For instance, I created an IG account (@AiryLilM) and this blog solely for this purpose and to connect with like-minded individuals and get inspired by their stories and journey, they are one of the reason I’m determined to cut short my loan tenure. Been a silent reader for years before I stop procrastinating about starting to jot down my journey.
I hope 10 years later I can look back and say I’m glad I started to plant my little tree.

My little advice to those who wanted to do the same.
1) First, START. It’s the hardest part but don’t procrastinate.
2) Track your expenses, I’m using MoneyLover because I can see how much money I can spend before going over-budget. You can set a reminder if you’re the type that tend to forget about it.
3) Do a budget after payday and update your progress for previous month. I follow a zero-based budget where the Total Debit each month will be the same as my Net Salary.
Key to success is to not strain yourself. Tighten your belt bit by bit and do not go cold turkey!

Here’s my template. Feel free to save and adjust accordingly

4) Set your plan. Big plan (eg to settle PTPTN loan in X years) and break it into little parts with action plan (To pay Y amount per month). Again, don’t strain yourself. Set an amount that you’re comfortable with but make sure it’s higher than your monthly interest.
5) Be consistent. At first the progress will be slow but with consistency it will be possible.

All the best! And I shall post my progress here.