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Finance Management, Malaysia


Several ways to manage your finance in Malaysia. – PowerPoint PPT presentation

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Provided by: ayshamaria
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Title: Finance Management, Malaysia

Manage Finance in a Better Way!
Tips to manage your finances
betterListed below are the tips that everyone
should follow in order to be financially stable.
  • Set a budget
  • The first step to manage your finance better is
    to set or make a budget.
  • A budget will help you analyse how much money you
    spend and where exactly you spend it. Setting up
    a budget will also help you cut down on
    unnecessary costs.
  • There are times when you might not remember where
    or how youve spent your money and making a
    budget will help you keep track of it.

Why is managing your finance important?
  • Financial independence is one of the crucial
    factors that affect your life as an independent
  • Living on your own or being an independent
    individual is a pretty hard and if one doesnt
    know how to manage their money, it is just going
    to make everything harder.
  • Knowing how to manage the money that you have and
    the money that you spend is very important.
  • Everyone should know how to make money work for
    them so that they can lead a happy life and be
    financially stable.

  • Track your spending
  • It is very important to keep an eye on your
    spending to ensure that your money is not being
    spent unnecessarily.
  • Small expenditures like bus tickets, magazines,
    food might seem negligible but it amounts to a
    lot when you calculate your spendings.
  • It is important to keep a diary or something
    similar to make a note of all your expenditures
    including the negligible ones so that way you
    will know where exactly your money is going.

  • Clear pending credit card debt and loans
  • Not making loan or credit card payments might
    affect you very badly as it might not only lead
    to penalty charges but it will create a very
    negative remark in your credit history.
  • It is very important to make minimum payments on
    your credit card and make the monthly payment of
    loan on time.

  • Make payments on time
  • Laziness and care free attitude is ingrained in
    most of us. More often than not we tend to fall
    back on making payments which will lead to
    penalty charges later.
  • Be it bill payments or EMI payments for a loan or
    credit card, it is very important to ensure that
    you make payment before the due date to avoid any
    additional fee.
  • Making payments on time will not only ensure that
    you pay only whats needed but it will also help
    you build a good credit history which in turn
    will help you get a good credit score.

  • Invest wisely
  • Investing wisely and saving up is another
    important step in managing your finances.
  • Investing in saving schemes, insurance policies,
    mutual funds will help you save and get benefit
    for the money you spend.
  • There is no dearth for options when it comes to
    saving schemes and investment schemes.
  • Every individual should invest in a suitable
    scheme based on how much they earn and what their
    priority is.

  • Build an emergency fund
  • Everyone is aware of the saying Little drops of
    water make a mighty ocean and the same applies
    for money.
  • Every penny that you save will help you in the
    future and that is why it is important to build
    an emergency fund. Build an emergency fund by
    investing consistently no matter what the amount
  • Emergency funds will help you get access to
    instant cash in case of a financial emergency and
    it will also ensure that you dont have to resort
    to loans or other borrowing schemes unnecessarily.

Presented ByAysha Maria