As working adults, we often forget why we began working in the first place. With the increasing cost of living, our savings accounts have never been more critical. With all that’s going on, we ought to remember to treat ourselves every now and then — but how can we do that and still save money simultaneously?
Based on a survey*, conducted by RinggitPlus (2021), 21% of respondents live paycheck to paycheck, and 31% had savings totaling less than RM500. That means that in the event of an emergency, more than 50% of them won't even have RM1,000.
Like the Malay idiom says, “sediakan payung sebelum hujan”, we need to be prepared for anything that comes along the way before the worst happens. With that in mind, here are 5 examples of savings everyone needs to prepare for.