Creating a budget is the first crucial step in managing our finances. Suffice to say, it can be said that budgeting is the basic foundation of every financial plan. Some people said that budgeting is a dreary task. In fact, most of the time we often give excuses for doing budgeting, and in the end, …
When we hear the word ‘sustainable’ and ‘economy,’ the two don’t seem to gel together perfectly. It’s hard to believe and imagine when the environment and the economy are finally collaborating to save the environment and prevent global warming well below the 2 C threshold. Economy, according to Greek means “household management” or the word …
In the wake of COVID-19, investors have started debating whether long-dormant inflation risks will soon resurface. Stay-at-home orders and government spending have left consumers with extra savings and pent-up demand that could eventually drive a spending splurge. At the same time, lockdowns have kept many businesses shut, destroying capacity in some sectors of the economy …
The government just announced that all EPF members can withdraw their savings from Account 1 under the i-Sinar scheme. Previously, you had to meet certain requirements, like if you lost your job or got a pay cut, to get approval for withdrawing under i-Sinar. But from 8 March 2021, all applications for i-Sinar will be approved …
The government announced in Budget 2021 that from January 2021 to December 2021, employees must contribute 9% of their monthly salary to EPF instead of the usual 11%, for employees below 60 years old. The option to lower EPF contributions from 11% was mainly given to help workers have more take-home pay if they had …
Changing Your EPF Contribution: How Does It Affect You? Read More »