fbpx

Another sign of adulthood that no one’s ready for is no doubt paying taxes. In Malaysia, filing for income tax is compulsory by law. The amount of tax that you need to pay varies depending on your annual chargeable income. But how do you know whether you are eligible enough to file for income tax? Am I taxable? Let’s take a look at your employment income. If you are earning more than RM34,000 per year which equivalent to RM 2833.33 monthly after EPF deduction, then you can consider yourself taxable. That’s the figure given by Inland Revenue Board (IRB) of[…]

No thanks to the Covid-19 pandemic outbreak, Malaysia has been put under partial lock down under the Movement Control Order. Under this order, many of us will be working from home and avoid going outside unnecessarily. You are fortunate if your company is still paying you during this difficult period. However, many people are financially affected either from layoffs or forced to go on unpaid or partially unpaid leave. On top of that, the world’s long stock market bull run sees its first collapse after 12 years, causing many to see red in their portfolios. The prime sector affected is[…]

The Covid-19 outbreak has resulted in many Malaysian workers to start working from home and minimise public gatherings. In other words, you will be spending most of your time staying at home to avoid contributing to the spread of disease. But hey, the more time you spend at home, the bigger the energy consumption. During this period of time, your electrical bills might be slightly higher compared to your normal weekdays. You must be thinking on the ways to save electricity during your prolonged period at home. But before that, let’s get to know the average usage cost of your[…]

Debt can be damaging if it gets out of control. Hence why you should be able to manage your debt wisely. Note that poor debt management will lead you to great financial strain in the future. However, debt can be good or bad depending on how you use it. But before that, how do we distinguish between the two? Good Debt When you take out a loan to purchase something that will increase in value overtimes, it’s different from borrowing for quick gratification. So you’re in debt for an investment? Yes! Debt can be an investment if you use it[…]

Find yourself emptying the coins from your pockets or rummaging through the coin box in your car for spare cash every other month? You may be living beyond your means when you constantly find yourself stressed out over money. It’s barely halfway through the month but you’re already stocking your kitchen with instant noodles. Sometimes overspending may also be a sign of underlying emotional stress which causes people to comfort themselves through ‘retail therapy’. Our lifestyle choices dictate our spending habits. The way you choose to spend that extra dollar bill in your wallet is a choice. It would not[…]

Finally, after years of battling endless exams, teenage acne and crippling anxiety from the fear of being shunned by your peers, you’ve crossed the line into adulthood. You’ve just landed your very first job, one of the lucky few from your cohort to do so, and so soon after graduation. The rollercoaster is over, the intensity of your problems will soon pitter out because finally, you’re in the clear. Compared to the angst and grief of your teenage mutant (not quite a ninja) turtle years and the desperate frugality of college life, adulthood is going to be a breeze…right?  If[…]

Have you ever noticed that in a restaurant, a bowl of caesar salad would cost you around RM19, whereas a plate of nasi lemak is only RM6 and keeps you full till evening? Have you ever wondered why it costs you so much to stay fit? Some people are eager to live a healthy lifestyle but since it cuts a hole in their pocket, they opt for roti canai and teh tarik instead. That’s what people find more budget-friendly. Is living a healthy lifestyle a privilege? No, it’s actually not Eating clean and staying fit is not a privilege. Health[…]

Scams or fraudulent schemes have been prevalent since the beginning of time. Since the existence of money, there has always been some scheme created to part people from their hard-earned money. In this current age and time, pyramid schemes are usually disguised as multi-level marketing or MLM ventures as a means to scam unsuspecting victims. Inherently, most scams work because at the core of it all – greed prevails in the heart of men. And scammers know this well. They use this knowledge to their advantage and prey on people that are looking to get rich quick. It’s not just[…]

Valentine’s Day is regarded as a romantic but expensive occasion by most couples, and this is mostly due to retail companies jacking up their prices during the celebration. As soon as February starts, one can expect the costs of flowers, chocolate arrangements and dinner plan to be more expensive than usual. With that said, you do not need to burn a hole in your wallet to celebrate the occasion well. It is possible to have an enjoyable, budget friendly Valentine’s Day with these following tips. 1. Cook The Meal There’s nothing more attractive to a woman than a man who[…]

The Wuhan virus or 2019 Novel Coronavirus has affected the world in many ways across various industries. The tourism industry has seen a drastic decline with travel being closed off in a few regions across China. Many countries are concerned about the spread of the Wuhan virus and have taken extreme measures to bar the Mainland Chinese from entering. The Coronavirus has since spread to more than 27,000 people and has claimed more than 500 lives. Currently, there is no confirmed vaccine for the virus, causing worldwide paranoia of contracting the flu. The World Health Organization (WHO) has officially declared[…]

>