Nowadays, most people are saddled with debts. If you are one of those people who do not have debt, congratulations and this article is not for you. But if you are like the majority, this article on debt management might give you some thoughts on how to reduce your debt. Types of debt There are …
In education planning, we are concerned with the education of our kids. We focus primarily on tertiary education as this part of education is usually the most costly. Furthermore, primary and secondary education are available for free or at a minimal cost in Malaysia. Nonetheless, if you choose to send your child to private schools …
In this article, we will discuss on financial goals. How should we set financial goals? Are they just numbers? Should we just put in whatever numbers that we like? Financial goals As the name suggests, financial goals have to do with your finances, meaning dealing with money. There are specific formulae to calculate the numbers …
2024 has just started and it is a good time to do something about your personal finance. Let’s see what you can do in this 2024 financial to-do. Review 2023 It is good to start with a review of the past year. If you have a financial plan, you should measure the progress of your …
I believe most people have heard about the emergency fund in personal finance. We are going to discuss about it in this article. What is emergency fund? Emergency fund is cash reserve that you use to pay for unexpected expenses or financial emergencies. It serves as a financial cushion, providing a buffer against job loss, …
Investment planning is one of the key components of financial planning and it directly affects the outcome of the financial plan. In this article, we will look at the steps involved in investment planning. Steps of investment planning 1. Meeting the prerequisites Before we start investment, we should have adequate provision for the basic necessities …
In personal finance review, we will use two statements to determine your financial standing. These statements are cash flow statement and balance sheet or net worth statement. Cash flow statement This statement deals with your cash inflows and outflows. The inflows are every ringgit that you receive, such as your salary, dividends, and interests while …
