We all know we should go for regular medical check-ups. But what about a check-up for something that affects our daily lives just as much—our finances? The thought of reviewing your finances can feel overwhelming. You might picture spreadsheets, stacks of bills, and complicated calculations. But what if you could get a clear, honest snapshot …
Ever submitted a loan application feeling confident, only to have it rejected or approved for a smaller amount than you expected? You’re not alone. Many hardworking Malaysians face this frustrating situation. The reason often boils down to a single, powerful number that banks scrutinize closely: your Debt Service Ratio (DSR). Think of your DSR as your …
Picture this: Your credit card statement arrives. You open it, and that familiar knot of anxiety tightens in your stomach. The “Minimum Payment” seems manageable, but the “Total Outstanding Balance” feels like a mountain you can’t climb. You’re not alone. With living costs on the rise, many Malaysians find themselves relying on credit cards, only …
So, you’ve graduated. Congratulations are in order! You’ve traded lecture halls for office cubicles and are finally earning your own keep. But for many Malaysians, that first payslip comes with a familiar, slightly daunting reminder: your PTPTN loan repayment is about to begin. It’s easy to see this monthly deduction as just another bill. But …
That first real salary after graduation or a major promotion is an incredible milestone. After years of studying and hard work, seeing that significant amount hit your Maybank or CIMB account is a powerful feeling. It’s tempting to immediately reward yourself—that new smartphone, a nicer apartment in KL, or finally upgrading your Perodua. But before …
We’ve all seen it, or maybe even done it ourselves. The brilliant engineer who can solve complex problems but has no retirement plan. The savvy marketing manager who understands consumer psychology but is drowning in credit card debt. The university professor who invests in a “guaranteed” get-rich-quick scheme they heard about from a friend. How …
Managing money is a challenge for many Malaysians. Despite living in a rapidly developing economy, a large portion of the population struggles with debt, low savings, and financial insecurity. But why does this happen, and what can be done to improve the situation? Let us explore the key reasons why Malaysians face financial difficulties and …
The recent reduction in Malaysia’s Overnight Policy Rate (OPR) by 0.25% is more than just a headline—it directly affects your loans, savings, investments, and financial future. Whether you’re a homeowner, an investor, or simply trying to grow your savings, understanding these changes can help you make smarter financial decisions. Let’s break it down. 1. Lower …
Surviving solely on your Employees Provident Fund (EPF) in Malaysia is possible, but it depends on several factors, including your savings, lifestyle, and retirement strategy. Let’s break it down with a case study. Case Study: Can a Malaysian Retire on EPF Alone? Assumptions: Scenario 1: Withdrawing EPF as a Lump Sum If you withdraw RM500,000 …
As our parents age, many of us step into the role of financial caregivers—balancing their needs with our own financial goals. In Malaysia, where family ties are strong, supporting aging parents is both a cultural expectation and a personal responsibility. But how can you do this without straining your own finances? Here’s a practical guide …
