Insurance is essential because it financially protects you or your loved ones against unexpected events such as hospitalization, critical illness, or even the unthinkable. When it comes to something so important, it’s advisable to avoid insurance mistakes for better financial planning and proper coverage. To avoid confusion, here’s a guide to avoid those mistakes. Source: Giphy Delaying getting insurance You may feel young, and that your insurance risk is very low. But so long as you are uninsured, uncertainty looms over your financial planning and financial worries can remain.
If you are a new parent or parent-to-be, there is one thing you should do right now in case you haven't already - start building your child’s education fund. Source: Giphy Your child’s education will take up a huge chunk of your expenses, and it is well-known that education doesn’t come cheap, especially if you opt for private or overseas education. Here is an in-depth look at public and private schools, as well as public and private institutions of higher learning. If you are really serious about giving your child the very best, you will need to start preparing early, even before he or
Starting and raising a family can be one of the most rewarding life experiences you’ll go through. But it also means big changes to your lifestyle, as well as your budget. So it’s not a decision to be taken lightly and requires careful consideration. In Malaysia, the costs for raising a child are becoming increasingly expensive. So getting your finances in order should be your priority before anything else. Here’s what you will need to account for: Source: memegenerator.net Car and housing loans Purchasing a new car and home may very well be one of the most
First off, if you’re intrigued by this topic, it’s very likely you have a new addition to your family. Hence, Congratulations! Source: Giphy Having a newborn in the family is one of the biggest joys you can experience in life. It means your life will never be the same again and you’ll be embarking on a selfless transition to provide the best for your family. However, this overwhelming joy may sometimes be accompanied by an unsettling aftertaste. One minute you’ll be overjoyed by your adorable baby but the next you might be pondering how you can set a fulfilling life that your little one
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,