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 …
Saving money is a common challenge for many Malaysians. Despite good intentions, people often find themselves living paycheck-to-paycheck, struggling with debt, or unable to build a safety net for the future. If this sounds familiar, you’re not alone—but the good news is, with the right strategies (and a little professional guidance), you can take control …
How often have you hesitated to ask a friend for money they owe you? Or felt awkward discussing salaries with colleagues? In many cultures—especially in Southeast Asia—the concept of malu (shame or embarrassment) surrounds money talk, making it a sensitive topic. This reluctance can lead to financial mismanagement, debt, and even strained relationships. But what …
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 …
The National Higher Education Fund Corporation (PTPTN) has recently declared the dividend for Simpan SSPN Prime. Its FY2024 dividend is 4.05%. Dividend history Click here to see Simpan SSPN Prime past dividends. This dividend is 12.5% higher than the rate last year and is the highest in the last 10 years. My view For me, Simpan SSPN …
Recently, I tried to withdraw from Simpan SSPN Prime for my house renovation. However, I have encountered a problem which I am sharing here. Previous Experience I have made a few withdrawals in 2024 to try out the process. You may click here to read it. In short, it takes around three to four working …
