Emergency Funds

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.
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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

We’ve all heard the conventional wisdom, “If you fail to plan, you are planning to fail”. In finance, your effort in planning will outweigh the problems that arise when failing to plan. Let’s take a look at 5 things you can do (even right now!) for a “greener” future.
Source: Tenor
1) Invest
Invest now because compound interest is the financial snowball that will make your life easier in the future. It is the interest on a deposit calculated based on both the initial principal and the accumulated interest from previous periods. Relatively safe and trusted investments include

Your financial health refers to the state of your finances - it’s an overall look at how well-prepared you are for unexpected financial emergencies.
Like your physical health, your financial health is essential for a happy and successful life. And just like how you shouldn’t ignore symptoms of a potential illness, you shouldn’t ignore symptoms of poor financial health.
These are 4 of the most common red flags to look out for:
Source: Ahseeit
You have little or no savings for emergencies
One of the fundamentals of good financial health is having an emergency fund.

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:
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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