Who Are You?

Hi there, 

You might be wondering, "Who are you?"

Well,

My name is Akmal Hafizuddin Bin Mohd Adam,

I am a first year undergraduate student majoring in Accounting and Finance at the University of Lancaster, UK. I took A levels in Kolej MARA Seremban (KMS) under MARA loan programme before resuming my studies abroad. Oh, and I was a student at SMK USJ 12 and SK USJ 20. That's basically the rough outline of who I am.

"Ok, but who do you think you are to be coming up with this stuff?"

That's an interesting question. Let me explain the context. 

Ever since I came to the UK (Close to 2 months now), I'm growing worried at how much money I have left. This is because I'm currently staying in an ensuite college accommodation thats charged at a significantly higher price than everyone else around by the weeks. I believe you can do a basic calculation to see just how much more I have to be paying. (Roughly 40 pounds more per week; 40*40 weeks=1600 pounds). So, I am already at a loss of 1600 pounds compared to most of my other friends here. To give you a rough visualisation of how much that is, basically you can buy return tickets to Malaysia close to 4 times over. :'( So, I was adamant to change my spending habits. No more eating out daily like I used to do when I was in KMS. The worst part of it is I have to cut my ice cream take. The last time I had one was close to a month ago. All for the sake of saving my money. I installed spending controller apps in my phone and initially done some tracking. 

But then, over time, I grew tired of using them, as there was no incentive to do so. For me, this was so because I couldn't see how it will play out at the end. How the kebab I bought today would effect the total savings I'll bring back Malaysia tomorrow. So I stopped. Then I read the book,The Millionaire Next Door, and taking it's advice by heart. One of the many realisation I got was that the large majority of millionaires in the world today spends more than twice the time to plan their budget than others. Yes, that's how millionaires become millionaires and remained so.

Now, to put things into our context, I figured, I needed to have a goal. More than just having money to travel, or to buy exclusive clothes. I wanted to invest in myself for the future. I set my dreams of having enough money to open a start up of my own in sya Allah. 

I figured, this applies to everyone. Whether you want to be an engineer or a doctor, set a goal farther into the future. Set a bigger goal and I want you to reach them. One of the biggest ways you can invest in yourself is to save for the future. Hence, my motivation for this simple spreadsheet. 

I'm not in anyway suggesting that this spreadsheet is the one solution to all your problems, but I believe it helps you to attain if not much, a single small step towards attaining your goals in life.

Recommendation of use

Wondering how to use this spreadsheet?

No Problem!

These are the steps I urge you to follow to make the use of the spreadsheet smoother:

1. Decide on the starting of your month (I started with November 2016 as that's the current month as of the time this is posted)
2. Put in your allowances and other incomes first, up to the last month of the last year of your studies/as long as you want to.

*Notice at the top left box, how much money you'd be able to bring back home at the end of your final study? That's your highest possibility*

3. Include your monthly savings up to the last month of the last year you plan to make.
4.Next, put in all your "essential" spendings such as Rent, Groceries, Phone bills and others.

*Look at how much of your maximum total savings left to be brought home has dropped?*

5. Finally, you decide on the amount of money you want to have by the end of your studies and gauge/edit your non-essential expenditure such as Daily Spendings, Travelling, and clothes to reach that goal.

And.... THAT'S IT!!!!

You're done.

But... My final recommendation is to have two copy of the excel sheets. One for budgeting your savings/expenses. The other is to record your real time expenditure and compare your performance between the two.

It makes all the more difference if you start taking control now!
I wish you all the best.

Latest Version is posted here!

Financial Management Kit 1.3 - Latest Version

Issues Resolved: Now you're able to increase column size.

In case, if you're using the excel already, please note that it is best if you're using the latest version of the spreadsheet as I may have corrected some errors, or made some improvement to the already existing ones. Don't worry, if yours is not the same as the latest one showed above, just reply to my previous email to you asking for it. And I'll be glad to send it to you asap.

Please note: I have done my very best to minimise or eliminate errors to the calculation of the spreadsheet. So, if you may spot anything wrong to my system, do comment below or email me personally at akmal_hafiz96@hotmail.com , and I'll rectify it asap if it's found to be so. And again the updated one will be posted here, so do check from time to time. Rest assured however, I have to my best ability proof read my formulas. But I'm still human so I do apologise. thank you again.

Payment Method

"Ok so, what if I've checked it out, and say I like it, how much do I have to pay and how?"

Well, it's just 1 pound if you're in the UK,
or RM 5 if you're in Malaysia
or 1 USD if you're in USA
or 100 rupees if you're in India
or 1 AUD if you're in Australia.

As for now, I can only accept payments within the UK and Malaysia.

UK:
Sort Code: 20-47-61
Account Number:83481298

Malaysia:
112308084793 Maybank

And those at other countries, hold on to your money first, as I'm still sorting the account to receive those money. Use it as you would first, and I'll update it soon and you guys posted.

Thank you for those who's supported me in this. In sya Allah I won't let the money be wasted.

Introduction

Hi there,

Did you remember the time you say you want to save money?

For a car?

For a down payment in your first house?

For your parents someday after your studies?

Oh and maybe even for the wedding of your dreams?

As a student myself, I remembered clearly, I want to save money for capital of my future business venture.

But how many times have we let ourselves down?

With so many of our money spent on new clothes, accessories, game console and what have you, we are barely knowing how much money left can be saved.

But it is not too late, its never too late. 

I genuinely want to help you at least organise your budget so you're fully in control of your spendings and achieve the amount of savings you aim for by the end of your studies. 

I've created a simple excel spreadsheet that can help you to see clearly how much money you would be able to save by the end of your studies with every spendings you key in AUTOMATICALLY!

So here's the deal, I know you are tempted to say, "But I don't need it!", and my response to it is, "Give it a chance, cause I'll email it to you first, and you have a look at it, and if you decide it's useful, do show your support by paying for it, and if you're still not convinced, just delete it". Yes, you get a free trial of my self made spreadsheet that I'm confident would help you see your overall financial construct in the next 3/4/5 years. 

"But why must I pay though if you 'genuinely' want to help?",

Here's the thing, I want you to take your financial well-being strictly, and getting it for free wouldn't help you. As the self made millionaire, Dan Pena said, "The seminars I charged for $10000 dollars as fee brought more results than the ones I held for free for an audience of 500 people". Why is that? Because when you have risked something to obtain another, that item holds more value to you than it does with other freebies. You don't have to look far, just check out the free phone apps you have thats barely touched these days. I know it all too well.

And yes, I would like to reinvest the forward from this small project of mine for my future business venture too. 

So, give it a chance!

All you have to do for now is comment your email below and which country of study will you be using it at, and it'll be sent to you straight.