SHAH ALAM, March 28 — People are being more careful with their spending and have started planning their finances as living costs rise amid current economic uncertainties.
Media Selangor’s survey at a Subang Jaya shopping centre revealed how consumers are trying to save more, including by controlling their daily expenses and comparing prices of goods.
Private sector employee Dinie Aida Jainaldin, 39, said she started feeling the pinch in her daily life, which led her to plan her finances more carefully.
“When I felt the effects of the economic situation, I started planning my spending. I also dine out less, bring packed lunches, and compare prices at several stores before buying anything,” she said.
Meanwhile, Shwetha Nambiar, 31, said she tends to use public transport more now that fuel prices have gone up.
“Transport expenses including Grab use, I’ve reduced, even for short distances. I use the LRT a lot more now. With my household costs reaching RM5,000 a month, I really need to save,” she added.
For homemaker Sheela Nambiar, 62, rising goods prices have significantly impacted her household spending.
“RM400 used to get you so many things, but now for five family members it reaches RM1,000. Even if it’s burdensome, things still have to be bought.
“I’ve also had to postpone my vacations and focus on saving because of the uncertain economy,” she lamented.
Meanwhile, married couple Muhammad Erry, 43, and Nuradilah Yahya, 49, said increased prices of fresh goods have affected their catering business.
“The prices of fresh ingredients are going up, so we have to compare prices and be smarter with our spending. Travelling and vacation costs also have to be reduced,” they said.
They added that saving also includes debt repayments and investing in gold for the future.
“We also educate our children so they understand current economic realities and the importance of managing their finances well,” they said.
