The Consequences of Following Trends Too Closely

Income: RM4,000

Essential Expenses: RM2,800

Lifestyle Spending: RM1,200 (on clothing, jewellery & latest trends)

Savings & Investments: RM0

Bad Habit: Frequently shops using “Buy Now, Pay Later” schemes

Nadia’s growing debt comes from frequent use of microloans and “Buy Now, Pay Later” schemes. She hasn’t built an emergency fund and keeps putting off retirement savings, thinking there’s still plenty of time — without realising how much potential savings and compounding interest she’s missing out on.

Start small by setting aside money regularly for emergencies and future needs. Avoid relying on short-term loans for non-essential items. The sooner you start saving, the more you’ll benefit in the long run.