“How many of your do regular saving monthly?”

“How many of you force yourself saving monthly?”

If you none of above, you need to continue read this valuable post below.

Why SAVING?

Saving for emergency use, you never know when you really need the amount of money. Maybe you can’t foresee the far future, but let’s us go slowly and discuss here.

Let’s say you are earning RM3000 monthly.
But that’s not the real amount turn up in your bank book. WHY?
You need to contribute EPF and SOSCO (occupational insurance).
After deducted,
You roughly can get about RM2600.

If you’re driving to work, roughly RM600 will goto Petrol.
RM600 will goto your daily meals, such as Breakfast, Lunch and Dinner (Normal Ordinary one).
RM1000 spent for rental and entertainment or social life with friend and family.

Now you left about RM400.

What you gonna do with this money? Save them into Saving Account?

Current as we normal see, you may get about 1-2% per annum from Saving Account, about 3-4% per annum from Fixed Deposit. Where both of this saving method, you may withdraw it anytime to spend, and it means it is not a real saving for future to use.

Is the return enough to overcome the inflation yearly?

Answer NO.

Want to know more about how to manage your own money? Stay Tuned. We will share it here…