Tips to help newly-employed graduates to build a secure nest egg

1) Open a financial freedom account and deposit 10% of your monthly salary there every month.

2) Keep proper records of spending to monitor.

3) Set a monthly expenditure budget and compare that with the actual amount spent. There are free software in the market that can be used.

4) Buy a medical card to protect against hospitalisation and surgical cost if the cover from the employer is inadequate.

5) Create an emergency fund for rainy days; put this money in fixed deposit or money market fund. The amount should be around 3 to 6 months of monthly mandatory expenses.

6) If you really need to use the credit card, pay them in full by end-month. A credit card should be treated like a form of payment, not extra money.

Source: http://biz.thestar.com.my/news/story.asp?file=/2009/3/28/business/3558733&sec=business

Inflation never stop!

Think you can escape from inflation during the economic crisis? NO is the answer
Below are the headline from The Star

"February inflation rate rises


MALAYSIA’S inflation rate in February increased to 3.7% from a year earlier.

When compared with the previous month, it increased by 0.2%."

Full article here