Effective money management early on helps provide for a more secure future. FMTNews FMTLifestyle
It is important to begin managing one’s money as early in life as possible.
Some 20% is for the future pool for savings or investment while the remaining 30% is the lifestyle pool for fun things like shopping, travel and gym membership.All work and no play makes Jane a dull girl. Do not sacrifice the things that bring joy, such as buying that new novel from a favourite author or treating oneself to a delicious meal, but spend wisely.
Even if it is just RM1, any little bit can help increase the emergency fund, especially towards the end of the month before the next salary comes in. Be open with each other about credit scores, income and debt. If either is in financial difficulty, it is best to find a workable solution together.8. Have at least RM1,000 in an emergency fundHaving an emergency fund is important to carry one financially through an unexpected situation. Start building a sufficient emergency fund while one is still youngA credit score is evaluated based on the number of loans and credit cards one has and how consistently they are paid off.
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