Budgeting

Being a young adult is a time to be independent, and that also entails financial independence. When young, you may have studied personal finance in school and your experience may be limited. But in the real world, things can get complicated. What we learn may not necessarily translate easily to reality. Here are 8 effective and practical finance tips for young adults. ​ Source: Giphy Apply for a credit card Apply once you have income. It can help you build a good credit score early and gain rewards. A healthy credit score is important because it can improve your chances with loan

The end of the year is a time for reflection. Many of us will think about the things we didn’t manage to accomplish and how we can change that in the new year.  Deciding to become financially healthy is among the more common New Year’s resolutions. If you’ve been meaning to get better at managing your money, here are 4 actions you can take now to be more financially secure by the end of next year and beyond: Source: Giphy 1. Determine your financial goals  Identifying your financial goals in advance is the first step towards taking control of your money.  Think about what

Saving money is the foundation of financial security. It is the act of setting aside income first, which is one of the cardinal rules of personal finance. But while saving money seems relatively straightforward, many people find it a challenge just to get started for various reasons.    Putting away money doesn’t have to be difficult. If you’re feeling overwhelmed or unmotivated, these simple tips can help get you in the habit and become more aware of your finances and spending habits: ​ 1. Set up a monthly automatic savings plan  One of the easiest solutions to avoid any

Once you get married and start having children, your finances will rapidly grow and become more complicated.   To help you and your spouse stay on top of things, you’ll need a financial plan specifically for your household. Here’s what you need to do:  ​ 1. Set financial goals   The first step in planning your family’s finances is to work out where you want to be money wise and what your priorities are. Your family financial goals will help you and your spouse stay focused and determine the steps you need to take. Some of the more common goals include getting out of debt,

Grocery shopping is a significant expense for many of us. According to a 2019 report by Nielsen, Malaysians on average spend over RM460 a month on groceries and household items.     Whether you’re a student or a parent trying to cut costs, we could all use some tips on how to make wiser grocery shopping choices. Here are 5 ways to save more money on your next grocery run: Source: Giphy 1. Have a budget in mind  A budget is a must if you are serious about reducing your grocery bills. Start by tracking your spending to see where your money is going. This will help you