How Malaysians are coping with the current economic downturn
Below are some ways Malaysians are saying they will be doing to cope with the economic downturn according to The Star Biz last weekend.
1) Spending less on shopping
2) Use public transportation
3) Take on a part-time job
4) Cut back on travelling/ holidays
5) Switch to cheaper brands
6) Travel less/ better route planning/ car pooling
7) Reduce usage of electricity/ utilities
8 ) Reduce telephones/ internet expenses
9) Postpone investing in properties/ car
10) Cut back on food and gas
11) Reduce spending on cigarettes/ alcohol
12) Cut back on lottery/ gaming
For me personally, I will be “Spending less on shopping”, “Better route planning” as well as “Cutting back on holidays”. The latter is because of the addition to the family, else I will still be going on a holiday with the family, but maybe to a cheaper destination.
So, which ones apply to you? Any other things that you would have done differently?
