Many Malaysians try to manage their finances alone—only to realize too late that small mistakes can lead to big financial setbacks. If you’re handling your own money without a clear strategy, you might be risking your future wealth without even realising it. Here are the top DIY financial planning mistakes we see—and how working with …
The Overnight Policy Rate (OPR) is a key interest rate set by Bank Negara Malaysia (BNM), influencing borrowing costs, savings returns, and overall economic activity. For Malaysians, changes in the OPR can have a direct impact on mortgages, loans, investments, and financial planning strategies. What is the Overnight Policy Rate (OPR)? The OPR is the …
The Malaysian Ringgit (MYR) has been under pressure against the US Dollar (USD), making everything from overseas education to imported gadgets more expensive. If your savings are purely in MYR, their purchasing power is shrinking in global terms. Why a Weak Ringgit Hurts Your Savings & Investments 📍 MYR Savings Lose Value in Global Terms …
🔥 Why It Matters Now Actionable Strategies 💡 Step 1: Track & Slash Expenses (Without Miserable Living) 📉 Budgeting Hacks ✔ 50/30/20 Rule ✔ RM5 Challenge (or any other note) ✔ Use Cashback Apps ✔ Cut These “Silent Budget Killers” ✔ Track spending 🍚 Step 2: Save on Groceries & Daily Needs 🛒 Smart Grocery …
Constructing an investment portfolio requires careful planning based on your financial goals, risk tolerance, and investment horizon. Here’s a structured approach to building a diversified investment portfolio in Malaysia: 1. Define Your Investment Goals 2. Assess Your Risk Tolerance 3. Asset Allocation A well-diversified portfolio in Malaysia may include: A. Equities (Stocks) B. Fixed Income …
Buy Now, Pay Later (BNPL) is a short-term financing option that allows consumers to purchase goods or services immediately and pay for them in installments, often interest-free (if repaid on time). It has gained popularity as an alternative to credit cards, especially among younger consumers and those without access to traditional credit. How BNPL Works …
Financial literacy is the cornerstone of sound personal finance. It empowers individuals to make informed decisions about their money, enabling them to achieve financial stability, avoid debt, and plan for the future. In a world where financial products and services are becoming increasingly complex, understanding the basics of personal finance is no longer a luxury—it’s …
Recently, the stock markets worldwide are experiencing volatile movement. Our own KLCI has dropped by more than 8% year-to-date, and we have not even reached a quarter of the year. Navigating a volatile market can be challenging, but with the right strategies, you can protect your finances and even find opportunities. So, what should we do …
Earning more income requires a combination of strategic planning, skill development, and leveraging opportunities. In Malaysia, you can explore a variety of side hustles and passive income strategies. Here are some practical ways to earn extra income: 1. Upskill and Educate Yourself 2. Start a Side Hustle 3. Invest Wisely 4. Leverage the Gig Economy …
Lifestyle creep, also known as lifestyle inflation, is a phenomenon where your spending increases as your income rises. This can happen gradually and often goes unnoticed until it significantly impacts your financial health. In Malaysia, where economic growth and income levels have been on the rise, lifestyle creep has become a common issue. Let’s explore …
