{"id":7048,"date":"2025-08-13T08:00:10","date_gmt":"2025-08-13T00:00:10","guid":{"rendered":"https:\/\/about.thelorry.com\/my\/my\/?p=7048"},"modified":"2025-08-13T13:02:41","modified_gmt":"2025-08-13T05:02:41","slug":"12-radical-ways-to-save-money-buy-your-dream-home","status":"publish","type":"post","link":"https:\/\/thelorry.com\/my\/blog\/12-radical-ways-to-save-money-buy-your-dream-home\/","title":{"rendered":"12 Radical Ways to Save Money & Buy Your Dream Home"},"content":{"rendered":"\r\n

12 Radical Ways to Save Money for a House and Achieve Your Dream Home<\/h1>\r\n\r\n\r\n\r\n
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When the basic “put your spare change into a piggybank” doesn’t work anymore.<\/strong><\/h2>\r\n

by TheLorry<\/a> on 13 August 2025.<\/p>\r\n<\/div>\r\n\r\n\r\n\r\n

The Ultimate Asset<\/strong><\/h3>\r\n\r\n\r\n\r\n

You may already know it, which is why you\u2019re reading this in the first place, but whether we agree or not, property is one of the most valuable assets a person could have.<\/p>\r\n\r\n\r\n\r\n

The land hardly depreciates, gets passed from one generation to another, and grows in value with the economy and population growth. Property is the main reason certain families get richer and richer, while some families can barely get by.<\/p>\r\n\r\n\r\n\r\n

That\u2019s because property prices have been increasing a lot faster than most of our salaries, and this trend may continue.<\/p>\r\n\r\n\r\n\r\n

But Property is Expensive<\/strong><\/h3>\r\n\r\n\r\n\r\n

Most people believe property prices in Malaysia are (still) in a bubble, artificially inflated by insider trading, investment clubs and politically-connected people.<\/p>\r\n\r\n\r\n\r\n

Foreigners also (through proxies) buy huge chunks of our property because to them its dirt cheap (because their currencies have appreciated much more compared to the shrinking ringgit).<\/p>\r\n\r\n\r\n\r\n

With inflation, property is becoming more and more unattainable to us.<\/p>\r\n\r\n\r\n\r\n

How to Afford Property<\/strong><\/h3>\r\n\r\n\r\n\r\n

Obviously, one of the prerequisites of owning a home is money. From the down payment and legal fees, to monthly instalments and maintenance fees, there\u2019s no question that money is important.<\/p>\r\n\r\n\r\n\r\n

On top of saving extra change, here are 12 radical ways to save money that you probably have not considered.<\/p>\r\n\r\n\r\n\r\n

As challenging as they may seem, these steps may help to push your savings just far enough to comfortably afford your dream home.<\/p>\r\n\r\n\r\n\r\n

1. Go Minimalist<\/strong><\/h3>\r\n\r\n\r\n\r\n
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For most people, their largest expenditure is rent or the monthly mortgage payment. But have you considered living more simply?<\/p>\r\n\r\n\r\n\r\n

Minimalistic living is a growing trend in advanced countries like Japan and Scandinavian countries, where people own few possessions in order to live more comfortably in smaller spaces and thus, cut down on rent in increasingly crowded cities.<\/p>\r\n\r\n\r\n\r\n

One famous minimalist \u201cguru\u201d is\u00a0Marie Kondo<\/a>\u00a0who travels the world teaching people how to declutter their lives.<\/p>\r\n\r\n\r\n\r\n

Nowadays, we can store massive amounts of data on hard disk drives and on the cloud, and no longer need physical space for books, CDs, magazines and photo albums.<\/p>\r\n\r\n\r\n\r\n

Embrace the digital age, free yourself from most physical possessions, and you can then move into a much smaller rented home or room. Savings from downsizing your dwelling could help you save hundreds a month!<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from downsizing your rented dwelling:\u00a0RM200 – RM1,000<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

Read also:<\/strong>8 Ways to Recycle Your Clutter<\/a><\/p>\r\n

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\ud83d\udca1 Pro Tip:<\/strong> If you do decide to move to a smaller home, use TheLorry\u2019s House Moving Service<\/a> for a quick, affordable relocation.<\/p>\r\n<\/blockquote>\r\n\r\n\r\n\r\n

2. Stop Buying (Most) Skincare Products<\/strong><\/h3>\r\n\r\n\r\n\r\n
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The skin is our body\u2019s protective layer. That means it prevents the entry of most foreign substances.<\/p>\r\n\r\n\r\n\r\n

If any skincare product claims it can \u201cpenetrate deeply\u201d into the skin, you should ask the manufacturer for proof since most substances that \u201cpenetrate deeply\u201d into your skin would be treated as pathogens (i.e. germs) by your immune system.<\/p>\r\n\r\n\r\n\r\n

Before any skincare product is allowed for sale, the distributor has to get approval from the health authorities.<\/p>\r\n\r\n\r\n\r\n

This is known as the \u201cclaims\u201d and distributors usually make great efforts to assure the authorities that their product does nothing at all, otherwise they would need to be registered as medicines which has far more stringent safety requirements.<\/p>\r\n\r\n\r\n\r\n

Many\u00a0dermatologists<\/a>\u00a0state that most skincare products are unnecessary and may even cause harm (to your skin, and not just to your wallet).<\/p>\r\n\r\n\r\n\r\n

As such, only use what is basic or necessary.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from avoiding the purchase of excess skincare products:\u00a0RM100-200<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

3. Stop Buying (Most) Nutritional Supplements<\/strong><\/h3>\r\n\r\n\r\n\r\n
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Nutritional supplements like multivitamins, minerals and anti-oxidants have come under tremendous fire in the last few years.<\/p>\r\n\r\n\r\n\r\n

Studies<\/a>\u00a0have shown that most supplements are unnecessary and can even cause harm to your health. You can easily and much more cheaply get the same nutrients from real food.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from cutting down on buying unnecessary nutritional supplements:\u00a0RM100-200<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

4. Stop Buying Soap, Shampoo and Toothpaste<\/strong><\/h3>\r\n\r\n\r\n\r\n

We did say radical didn\u2019t we? Try the way of the\u00a0Paleo Diet<\/a>, where followers say that soap and shampoo are not just unnecessary, they kill off the friendly bacteria that keep our skin free of acne and eczema.<\/p>\r\n\r\n\r\n\r\n

So avoiding the use of soap and shampoo could do wonders for you. Of course, if you use sticky man-made products like BB cream, foundation, hair spray or hair wax, then you do need strong detergents to wash them off.<\/p>\r\n\r\n\r\n\r\n

So do keep some soap and shampoo around, just in case.<\/p>\r\n\r\n\r\n\r\n

Toothpaste may taste nice and freshen your breath, but it is really\u00a0unnecessary<\/a>\u00a0to remove plaque.<\/p>\r\n\r\n\r\n\r\n

The fluoride in toothpaste has also become highly\u00a0controversial<\/a>, and the tap water in many countries around the world (including Malaysia) already contain fluoride.<\/p>\r\n\r\n\r\n\r\n

So stop using toothpaste, but continue brushing and flossing.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from giving up\/minimising use of soap, shampoo, and toothpaste:\u00a0RM20-40<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

5. Stop Eating Sugar and Other Obvious Carbs<\/strong><\/h3>\r\n\r\n\r\n\r\n
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Sugar here includes all the \u201cbig, obvious carbs\u201d like rice, noodles, roti canai, bread and chips. Why? Because\u00a0research<\/a>\u00a0has shown that sugar (i.e. carbs) makes you hungry, so you will want to eat more, and ultimately, spend more money!<\/p>\r\n\r\n\r\n\r\n

Instead, fill your plate with vegetables, meat and oil (best is olive or coconut oil, but almost any other oil is fine except margarine which usually contains trans-fats).<\/p>\r\n\r\n\r\n\r\n

You will find that you need to eat less to feel full, and the nutrients actually go to build muscle and improve health.<\/p>\r\n\r\n\r\n\r\n

For coffee or tea, just drink them \u201cneat\u201d. Tell yourself you\u2019re a purist. You\u2019ll taste the real coffee or tea, and save 60 sen to RM1.50 on each cup. Or RM10 per cup, if you\u2019re the Starbucks type of person.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from not consuming obvious sugar or carbs:\u00a0RM50-100<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

6. Re-evaluate Your Life Insurance<\/strong><\/h3>\r\n\r\n\r\n\r\n

Insurance is of course a brilliant idea, and necessary in most cases. But how much are you paying for it? The big insurance companies are almost always profitable, and that is AFTER they pay the insurance agents about half of the first three years\u2019 premiums.<\/p>\r\n\r\n\r\n\r\n

That\u2019s because they have calculated the risk they want to take, excluded people who are likely to claim, and priced in a profit margin.<\/p>\r\n\r\n\r\n\r\n

If you have no dependents, you may not even need\u00a0insurance<\/a>! Term insurance is much cheaper and only covers death and total permanent disability, not the whole shebang of insurance plus riders plus investment which the insurance companies try to sell you.<\/p>\r\n\r\n\r\n\r\n

Do your research first though, as this is a major decision.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month if you switch to term insurance:\u00a0RM150-300<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

7. Go for the Cheapest Phone Plan<\/strong><\/h3>\r\n\r\n\r\n\r\n

Unless you need to keep talking to people on the move, you don\u2019t need an expensive phone plan. Go for the cheapest plans which cost only RM20-30 per month. Use WiFi and talk on WhatsApp voice call, Skype or just text.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month:\u00a0RM30-100<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

8. Save Money on Your Car<\/strong><\/h3>\r\n\r\n\r\n\r\n

If you have not bought a car yet, you can save a lot of money buying a second-hand car.<\/p>\r\n\r\n\r\n\r\n

If you already have a car, make sure it\u2019s an economical car. Always check the route before going anywhere, so you don\u2019t waste time and money getting lost.<\/p>\r\n\r\n\r\n\r\n

Keeping your tires fully inflated, and driving smoothly with your engine running at around 2,000 rpm\u2019s (i.e. revolutions per minute, you can see this from your dashboard) can easily give you about 20-30% more kilometres per litre.<\/p>\r\n\r\n\r\n\r\n

And of course, drive carefully as accidents are hugely expensive and can easily cost several months\u2019 salary in repairs.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month if you buy a second hand car without a loan:\u00a0RM300 – RM500<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

9. Save on Air-conditioning<\/strong><\/h3>\r\n\r\n\r\n\r\n
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Air-conditioning is usually the most expensive item on the electricity bill. Instead of turning on the air-conditioner, take frequent quick, no-fuss showers without soap or shampoo.<\/p>\r\n\r\n\r\n\r\n

This form of cooling down is known fondly to Malaysians as \u201cmandi kerbau\u201d (buffalo bath), will refresh you, improve your immunity and cool down your core temperature so you don\u2019t need to hit the a\/c.<\/p>\r\n\r\n\r\n\r\n

If living in a multi-storey home, you can also consider moving your bed and study table downstairs as it\u2019s much cooler.<\/p>\r\n\r\n\r\n\r\n

Blocking out sunlight with curtains, rugs or even cardboard is also another way to cool down your room or house.<\/p>\r\n\r\n\r\n\r\n

Instead of the air-conditioner, use fans instead which consume only about 10-15% the electricity and use the air-conditioner only for exceptionally hot days, or just turn it on just for a few minutes to cool down.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from minimal to no air-con usage:\u00a0RM50-100<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

Read also:<\/strong>\u00a0Can You Save Electricity When Using the Air Conditioner?<\/a><\/p>\r\n\r\n\r\n\r\n

10. Reconsider Refrigeration<\/strong><\/h3>\r\n\r\n\r\n\r\n
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The next item which eats up energy is the refrigerator. This appliance not only consumes electricity 24-hours a day, it also generates a lot of heat which may contribute to you turning on the air-conditioner more often without realising.<\/p>\r\n\r\n\r\n\r\n

A medium-sized refrigerator consumes about 400-600 kWh (kilowatt-hours) per year. Using Malaysia\u2019s electricity tariffs, on the cheapest rate of 21.8 cents per kWh, this would be RM87.20 to RM130.80 per year.<\/p>\r\n\r\n\r\n\r\n

Of course, if your home uses more electricity the rate per kWh will go up substantially.<\/p>\r\n\r\n\r\n\r\n

Many food items like eggs, spices, etc. do not need refrigeration, while fruits can last 2-3 days without refrigeration.<\/p>\r\n\r\n\r\n\r\n

In any case, they should also be eaten as soon as possible, so the nutrients don\u2019t degrade. If you don\u2019t cook at home, there is a good chance you can do without a refrigerator.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month:\u00a0RM7-11<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

11. Buy Nothing<\/strong><\/h3>\r\n\r\n\r\n\r\n

Have a pile of books you\u2019ve bought but never read, bottles of skincare or perfume that sit idle in front of your mirror, or even a rack full of clothes and shoes you\u2019ve never worn?<\/p>\r\n\r\n\r\n\r\n

Then stop buying more of these items that you already have! Make it your mission to read, use or wear all these things before you give yourself permission to buy new ones. This could take a few months.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month from avoiding impulsive and unnecessary purchases:\u00a0RM100-200<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

12. Eat Nothing<\/strong><\/h3>\r\n\r\n\r\n\r\n
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Hungry person hand holding fork knife on food plate<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n

For one day a week, go on a 24-hour fast. Scientists have discovered that\u00a0serious fasting<\/a>\u00a0(not the kind you feast before and after) greatly strengthens the immune system, helps regulate your sugar levels, slows down ageing and even helps prevent cancer!<\/p>\r\n\r\n\r\n\r\n

Assuming you spend RM20-30 on food a day, that\u2019s a saving of RM80-120 per month if you fast one day every week.<\/p>\r\n\r\n\r\n\r\n

Do get some medical advice before you do this as fasting may not be suitable if you have specific medical conditions.<\/p>\r\n\r\n\r\n\r\n

Estimated savings per month:\u00a0RM80 – RM120<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n

Conclusion<\/strong><\/h3>\r\n\r\n\r\n\r\n

If we total up the estimated savings, you could potentially save between RM1000-2000 per month! Add that to your existing savings per month, and you\u2019ll soon have enough for the down payment and extra cash to fork out when you buy a home.<\/p>\r\n\r\n\r\n\r\n

This great commitment could also open up the possible range of properties you can afford to buy!<\/p>\r\n\r\n\r\n\r\n

This article is brought to you by\u00a0PropSocial<\/a>. Get your perfect home with real insights from Malaysia’s 1st social property website.<\/em><\/strong><\/p>\r\n

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The Big Picture: How Much Can You Save?<\/strong><\/h2>\r\n

When you look at all 12 strategies combined, the numbers are powerful.
Even if you don\u2019t apply every single tip, you could realistically save RM1,000\u2013RM2,000 every month<\/strong>. Over a year, that\u2019s RM12,000\u2013RM24,000<\/strong> \u2014 a sum that can dramatically change your home-buying timeline.<\/p>\r\n

\ud83d\udca1 Why this matters for you:<\/strong><\/p>\r\n