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4 Easy Ways To Spend Money Wisely

You might be surprised how easy it is to trim your expenses with a little patience and planning. The more you can get out of every money you spend, the more money you will save! Let’s get started with the 4 ways to spend money wisely: Buy for quality, not quantity – It would be … Continued

Apa beza hibah dan wasiat?

Hibah dan wasiat memang nampak sama, tapi tak serupa. Kedua-duanya adalah cara pemberian harta. Tetapi, dengan hibah, hak keluarga anda lebih terjaga. Mari ketahui perbezaan antara hibah dan wasiat: • Hibah lebih fleksibel berbanding wasiat. Anda boleh menamakan sesiapa saja sebagai penerima, manakala wasiat hanya untuk mereka yang bukan waris • Hibah tiada batasan jumlah … Continued

Do you have emergency funds ready for a rainy day?

Emergency funds are savings that you set aside for times of financial distress. It’s definitely handy to have for when life throws you less-than-pleasant surprises. How should you begin? With FWD Income First, you can enjoy takaful coverage, fund maturity benefits and annual cash payments – what a great way to build your emergency fund! … Continued

How much does raising a child cost in Malaysia?

Due to the ever-increasing cost of living, one of the major challenges for young couples considering starting a family is the financial aspect. So, how much money does it take to raise a child in Malaysia? Let’s find out the average monthly expenses: • Newborn to 2 years – from RM1,090 to RM2,250 for child … Continued

Can the average Malaysian afford tertiary education?

Most parents consider a degree scroll to be a necessity and an essential tool for their generation to achieve a decent income and financial security. The promised future, ironically, poses threats to parents’ financial status and jeopardises their finances as well.  At least 93% of Malaysian parents would fund their children’s tertiary education despite its … Continued

Bridging the financial literacy gap in Malaysian youth

As the pandemic continues to have an impact on many Malaysians’ earnings, managing the health of our finances has become a priority. Financial literacy for Malaysians, particularly the younger generations, is becoming increasingly important as they enter the workforce. Even prior to the pandemic, many Malaysian youths lacked strong financial discipline. A recent global survey … Continued

Are Malaysians On The Road To Financial Recovery Yet?

Have Malaysians changed their money-management habits after nearly two years of dealing with the Covid-19 pandemic? Are we on the verge of financial recovery as the economy slowly reopens? Let’s find out how Malaysians are doing financially this year versus last year*: • 56% save less than RM500 monthly or do not manage to save … Continued

4 Ideas to make money at home easily!

Passive income can be a great way to help you generate extra cash. If you’re worried about saving a part of your earnings to meet your savings goals, earning through passive income could be an appealing solution for you on top of pursuing your primary job. Here’s a roundup of the best opportunities you can … Continued

Can wealth last for generations?

Generational wealth is a type of financial planning that focuses on transferring stable and significant financial resources to future generations. Can the majority of the new generation understand what it takes to build and maintain wealth because they grew up in a financially stable environment? It’s estimated that 70% of wealthy families will lose their … Continued

Mengenali rukun Hibah

Hibah adalah satu perancangan pengagihan atau pemberian harta yang digalakkan di dalam Islam bagi mengelakkan sebarang pertikaian yang mungkin terjadi di antara keluarga, saudara-mara dan pewaris apabila berlakunya kematian. Terdapat 4 rukun yang wajib ada sebelum melakukan perancangan hibah: 1. Pemberi hibah (al-wahib) – Seorang yang waras, matang dan mempunyai kuasa penuh atas hartanya 2. … Continued