Money

Happy Chinese New Year! The time for family reunions, great food, and of course…getting that sweet angpow! It’s a tradition where married adults give red packets containing $$$ to children, teenagers, and unmarried adults. You can actually get a sizeable amount over CNY. How to spend it is a question we ask ourselves every year. As most parents would advise when it comes to angpows, “Spend it wisely!” We’d recommend that as well! However, you don’t necessarily need to let go of treating yourself. Although there is no standard guideline, we recommend spending 80% of your angpow responsibly

Almost all of us have taken on debt. Taking debt can help build wealth or increase income over time. Examples of good debt include mortgages, student loans, and small business loans. But debt that becomes challenging to pay off poses a long-term challenge to your finances. According to economists, as of the first half of 2021, Malaysia’s household debts are still at a worrying trend. Here are ways to pay off debt fast without forfeiting your other important financial benchmarks such as a healthy emergency fund or retirement savings.  ​ Source: Tenor Pay off the smallest debts first

Spending is not only a necessity to survive. It can be gratifying to spend on our wants like the latest gadget, nice furniture, or even the car we’ve been eyeing for months. But this gratification can easily turn into unnecessary spending if we are not careful, or even snowball into an empty wallet. Here are 5 practical tips to curb unnecessary spending. ​ Source: Giphy Understanding your triggers A spending trigger is something that tempts you to spend money. For example, a situation, emotion, place, or person. It can come in many forms and be obvious or subtle. If you don’t know you

We’ve all heard “save more, spend less” for a healthy wallet. There are obvious things that drain our wallets like rent or vacation, and then there are the little expenses. If the little expenses frequently go unnoticed, they will eventually cause a surprise when you check your bank balance. ​ Source: Garfield Eating outside food too often It can be difficult when Malaysian food is so good! However, we should try to fully utilise the hundreds of Ringgit spent on groceries. Use them for cooking. If dining out becomes a daily routine, even regular dine outs can quickly add up. With food

Being a part today’s world may very likely mean that you have accustomed yourself with living in the new normal amid a pandemic. It has not only disrupted our everyday life as we know it, but it has also vividly reminded us of the importance of having adequate protection.  Source: Tenor Having protection may not necessarily only mean protecting yourself and your loved ones. We have heard about how livelihoods have been severely impacted. As such, preparing ourselves for financial uncertainties has also become equally crucial. As the saying goes, “It is never too early to plan your