Source: The Simpsons 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
Financial security is important at all times, and this is especially true during your golden years. Without proper planning, your choices become limited. You could end up having to downsize your home, your lifestyle, and maybe even continue working. When mapping out your retirement budget, you will no doubt take into account your basic needs such as food and utilities, as well as any wants such as home improvements, travel and hobbies. But what are you missing? Here are four other common retirement expenses that most people, surprisingly, often forget about but should
Source: reactiongifs 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.
Source: Getty Images 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
Source: Mitsuaki Iwago 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