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Personal Finance

Economy 101: Top 9 Personal Finance Mistakes You’re Making Now

Personal Finance Money Economy Budget

In a nutshell, empowers you to take control of your financial life. It involves understanding your current financial situation, setting clear objectives, and implementing strategies for effectively managing your income, minimizing debt, growing your wealth through saving and investing, and protecting your assets against unforeseen circumstances. Ultimately, it’s about achieving financial freedom and peace of mind. Photo By: Kaboompics.com/Pexel

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Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Employees Provident Fund EPF KWSP Economy Money

The mid-20th century, particularly the period following World War II, witnessed a significant surge in the establishment of comprehensive (EPF) systems across the globe. Several key factors drove this. The devastation of the war underscored the need for stronger social safety nets, including provisions for income. Governments, eager to rebuild their economies and foster social stability, recognized the importance of providing workers with financial security. Image source: NSTRead More »Finance 101: Understanding Malaysia’s Employees Provident Fund (EPF): History, Withdrawal Options, and Key Differences

Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

Cryptocurrency Money Cash Investment Economy

is defined as a digital or virtual form of that employs cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks that utilize . This revolutionary technological framework enables secure, transparent, and efficient transactions over a peer-to-peer network without the need for intermediaries such as banks or payment processors. Photo by David McBeeRead More »Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

Budget 101: No Worries, The Friendly Ah Long Is Here

budget ah long friendly

(How many of us keep a budget and then spend more than we earn and ended up borrowing from Ah Long aka loan sharks? It is not too late to learn the fine art of – keeping , ensuring that our income is enough to cover the expenses, keeping up saving for rainy days and when hard days are in, to learn to cut down on unnecessary expenses and tighten our belts)

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Fuel Price Increase: 30 Cents Up, It Is Time To Do A Budget

budget

(A sample of my very crude but effective dashboard template in format – of course, I have multiple sheets for daily input of expenses and consolidation by months. The consolidation by month is more for the yearly income tax reporting)

Is this sound very familiar to you?

You received your salary on the dot and based on a rough calculation (some use only their 10 fingers), deducting estimated expenses for the month (it was food, beer and transportation for me), you gather that there is a surplus of almost RM1,000 (I know RM1,000 is bloody lot for some.… [Click to read the rest] “Fuel Price Increase: 30 Cents Up, It Is Time To Do A Budget”