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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

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”