Finance Planning

We take steps to live a healthy lifestyle and minimise our risk of serious illnesses, but none of us can completely prevent them. According to the Department of Statistics Malaysia, terminal and critical illnesses exceed 40% of all deaths in Malaysia in 2020, highlighting their ever-present threat across the country. In insurance, the terms critical illness and terminal illness are often used. But what are they, and why are they so important to be aware of not only when it comes to our health and wellbeing, but also in terms of insurance? We will also explore why it’s important to get insured

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

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

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