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What is a Budget?

Budgets are a plan for future income and expenses and to manage cash flow. The budget
essentially provides a guide to assist you in making wise financial decisions by listing all
anticipated cash inflows and outflows.

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  • 5 Differences Between Fixed Savings And Term Savings

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    Mohd Fairuz

    5 Differences Between Fixed Savings And Term Savings

    Fixed savings and term savings are two types of savings accounts offered by banks and financial institutions. Fixed savings are […] read more

  • How To Choose The Right Credit Card

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    Mohd Fairuz

    How To Choose The Right Credit Card

    The importance of choosing a credit card with a guide because it can help us make wise decisions. With the […] read more

  • The Best Guide to Managing Debt Effectively

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    Mohd Fairuz

    The Best Guide to Managing Debt Effectively

    Creating a Debt List By writing down all the debts you have, including the amount owed, the interest rate, and […] read more

  • Financial Advice for Married Life

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    Mohd Fairuz

    Financial Advice for Married Life

    Discuss and Establish Financial Goals Together Discussing and agreeing on financial goals with your partner is an important step in […] read more

  • Tips on Investing Children’s Education: Key for Future Success

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    Mohd Fairuz

    Tips on Investing Children’s Education: Key for Future Success

    Education Savings Plan Many countries offer education savings programs that help us save money for our children’s education. These programs […] read more

  • Financial Tips Specifically for Entrepreneurs

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    Mohd Fairuz

    Financial Tips Specifically for Entrepreneurs

    Cash Management Business Financing Business Investments read more

  • Electricity Service Tax Increase from 6% to 8%

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    Mohd Fairuz

    Electricity Service Tax Increase from 6% to 8%

    When Malaysia transitioned from GST to SST in 2018, TNB began charging a Service Tax on electricity bills starting from […] read more

  • SST increased to 8 percent? What does this mean?

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    Mohd Fairuz

    SST increased to 8 percent? What does this mean?

    On March 1, Malaysia was taken aback by the announcement of a 2% increase in the Sales and Service Tax […] read more

  • The anticipation for EPF dividends is intensifying!

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    Mohd Fairuz

    The anticipation for EPF dividends is intensifying!

    The announcement of EPF dividends always garners significant attention, especially for those hoping for better returns this year. However, we […] read more

  • Is the Ringgit currently undervalued?

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    Mohd Fairuz

    Is the Ringgit currently undervalued?

    The latest statement from the Governor of Bank Negara on the value of the Malaysian ringgit is a hot topic, […] read more

  • Malaysia achieved its highest-ever approved Foreign Direct Investment (FDI) in history.

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    Mohd Fairuz

    Malaysia achieved its highest-ever approved Foreign Direct Investment (FDI) in history.

    Malaysia achieved its highest-ever approved Foreign Direct Investment (FDI) in 2023, reaching a total of 399.5 billion ringgit. This exciting […] read more

  • OPR: Is It Justifiable to Raise It?

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    Mohd Fairuz

    OPR: Is It Justifiable to Raise It?

    In Malaysia’s economic arena, the Overnight Policy Rate (OPR) serves as a primary tool used by Bank Negara Malaysia to […] read more

  • Is Zero Percent Hardcore Poverty A Realistic Goal?

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    Mohd Fairuz

    Is Zero Percent Hardcore Poverty A Realistic Goal?

    One of the significant achievements we can celebrate is our efforts to reduce hardcore poverty in Malaysia. However, we must […] read more

  • Prime Minister Thailand vs Gabenor Bank of Thailand

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    Mohd Fairuz

    Prime Minister Thailand vs Gabenor Bank of Thailand

    Recently, Thailand’s leaders have offered differing views on the country’s economic policy, sparking discussions about proposals to lower interest rates […] read more

  • Perspective on the Comment ‘School is Not Important’ from the Influence of Influencers

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    Mohd Fairuz

    Perspective on the Comment ‘School is Not Important’ from the Influence of Influencers

    There’s a hot issue regarding the viewpoint of influencers who state that school is not important. Often, this view comes […] read more

  • New Rice Brand Alert: Beras Madani in Malaysia!

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    Mohd Fairuz

    New Rice Brand Alert: Beras Madani in Malaysia!

    In a recent announcement, the Malaysian government intends to introduce a new rice brand known as “Beras Madani,” which includes […] read more

  • Where Does The Origin Of Inflation Come From?

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    Mohd Fairuz

    Where Does The Origin Of Inflation Come From?

    Inflation is an economic phenomenon that impacts our daily lives. Let’s look at the origins of inflation in simple terms. […] read more

  • The difference between Economic Transformation and Economic Reform

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    Mohd Fairuz

    The difference between Economic Transformation and Economic Reform

    During the tenure of Datuk Seri Najib Razak and now under PMX, we can observe efforts made to overhaul the […] read more

  • Evergrande Is Bankrupt! What Are The Implications For China And Malaysia?

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    Mohd Fairuz

    Evergrande Is Bankrupt! What Are The Implications For China And Malaysia?

    Recently, the prominent Chinese development company, Evergrande, has been directed to liquidate their assets, signaling their bankruptcy. In August 2023, […] read more

  • The Malaysian Ringgit Has Reached Its Lowest Rate Compared To The Singapore Dollar.

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    Mohd Fairuz

    The Malaysian Ringgit Has Reached Its Lowest Rate Compared To The Singapore Dollar.

    Ringgit Malaysia has recently hit a record low against the Singapore Dollar, exceeding 3.50 Ringgit. Notably, since 2003, the Ringgit […] read more

  • Diesel Fleet Card: Towards Targeted Diesel

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    Mohd Fairuz

    Diesel Fleet Card: Towards Targeted Diesel

    Recently, the government started a project for diesel fleet cards. The card is designed for diesel purchases and is part […] read more

  • Sarawak’s Green Energy Initiative: Exporting Sustainable Electricity to Singapore

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    Mohd Fairuz

    Sarawak’s Green Energy Initiative: Exporting Sustainable Electricity to Singapore

    Sarawak is making headlines with its ambitious plan to supply electrical power to Singapore, a proposition that involves exporting renewable […] read more

  • Malaysia’s Corruption Perception Index Is Improved In 2023

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    Mohd Fairuz

    Malaysia’s Corruption Perception Index Is Improved In 2023

    Malaysia has shown notable improvement in its Corruption Perception Index (CPI) ranking for the year 2023, according to a recent […] read more

  • Identifying Challenges Of Malaysia’s Floating Price System

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    Mohd Fairuz

    Identifying Challenges Of Malaysia’s Floating Price System

    Lately, there have been clear signs that the Malaysian government is moving towards a floating price system, particularly evident in […] read more

  • What Happened To The Economy In Thailand?

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    Mohd Fairuz

    What Happened To The Economy In Thailand?

    Thailand’s Prime Minister Setha Taweesin, has acknowledged that the country’s economy is in what can be referred to as a […] read more

  • Turkey Implements New Interest Rate Hike in Recent Economic Move

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    Mohd Fairuz

    Turkey Implements New Interest Rate Hike in Recent Economic Move

    In a recent development, Turkey has raised its interest rates to a staggering 45%, a sharp contrast to the 3% […] read more

  • Reforming The Pension System In The Public Sector

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    Mohd Fairuz

    Reforming The Pension System In The Public Sector

    Currently, there is a significant discussion surrounding the reform of the pension system in the public sector. It is believed […] read more

  • Risks Of Working In The Gig Economy As A Rider

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    Mohd Fairuz

    Risks Of Working In The Gig Economy As A Rider

    Recently, there have been discussions about a strike and boycott of Grab among delivery personnel who are dissatisfied with the […] read more

  • Economic Impact On Sabah & Sarawak

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    Mohd Fairuz

    Economic Impact On Sabah & Sarawak

    Indonesia is in the process of creating a new city known as Nusantara, located in Kalimantan. Nusantara is expected to […] read more

  • Water Tariff Increase?

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    Mohd Fairuz

    Water Tariff Increase?

    Recently, we were surprised by the announcement of a water tariff increase of 22 cents per cubic meter starting February […] read more

  • Sarawak Will Be The Most Profitable State

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    Mohd Fairuz

    Sarawak Will Be The Most Profitable State

    Amidst political uncertainties on the Peninsula, Sarawak emerges as a frontrunner poised for unparalleled success. Observers anticipate that Sarawak’s progress […] read more

  • How Interest Rates Affect the Stock Market

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    Mohd Fairuz

    How Interest Rates Affect the Stock Market

    Let’s discuss the basics of the relationship between interest rates and the stock market. When the interest rate is high, […] read more

  • Is Fiat Money The Cause Of Hyperinflation?

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    Mohd Fairuz

    Is Fiat Money The Cause Of Hyperinflation?

    First, we will discuss what is meant by fiat money. Fiat money is not a Fiat brand car, but it […] read more

  • What Is Deflation?

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    Mohd Fairuz

    What Is Deflation?

    Deflation refers to a general decrease in the prices of goods. To understand it, we need to distinguish between inflation […] read more

  • Can BNM Reserves Be Used To Pay Debt?

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    Mohd Fairuz

    Can BNM Reserves Be Used To Pay Debt?

    Bank Negara’s reserves of 113 billion ringgit are not the result of people’s taxes. This money comes from the flow […] read more

  • Is Income From Abroad Subject To Tax When Brought Back To Malaysia?

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    Mohd Fairuz

    Is Income From Abroad Subject To Tax When Brought Back To Malaysia?

    From January 1, 2022 to December 31, 2026, individuals resident in our country who bring in income from abroad will […] read more

  • Which Decision Is Preferable, Buying Or Renting A House?

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    Mohd Fairuz

    Which Decision Is Preferable, Buying Or Renting A House?

    Most people find it enjoyable to purchase their first home, especially if it is their dream home. One of the […] read more

  • Deciding To Buy A Car Is Often AnIssue Nowadays

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    Mohd Fairuz

    Deciding To Buy A Car Is Often AnIssue Nowadays

    Purchasing a car will be one of the significant decisions you make as soon as you begin working. Although cars […] read more

  • Minimize Credit Card Usage When Shopping In Order To Become A Savvy Consumer

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    Mohd Fairuz

    Minimize Credit Card Usage When Shopping In Order To Become A Savvy Consumer

    What Is A Credit Card? A credit card is an electronic payment tool that allows you to purchase goods or […] read more

  • Financial Malpractice That May Lead You To Lose Money

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    Mohd Fairuz

    Financial Malpractice That May Lead You To Lose Money

    You should always take precautions when investing your money in get-rich-quick schemes. Thisscheme frequently guarantees a big return with little […] read more

  • Adding Net Property Value To Your Savings

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    Mohd Fairuz

    Adding Net Property Value To Your Savings

    A net property value statement is a financial scorecard that can usually be used to assess your financial position. This […] read more

  • Budgeting Can Help You Cultivate Saving Habits For Emergency Purposes

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    Mohd Fairuz

    Budgeting Can Help You Cultivate Saving Habits For Emergency Purposes

    Cultivate Saving Habits Budgeting can help you cultivate your savings habits. Without a well-organized savings plan,achieving your financial goals, such […] read more

  • Is Cash Flow Management Important To Us?

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    Mohd Fairuz

    Is Cash Flow Management Important To Us?

    Cash management is important in order to have full control over your finances. Cash is a form of exchange used […] read more

  • What is a Budget?

    Posted on

    by

    Mohd Fairuz

    What is a Budget?

    Budgets are a plan for future income and expenses and to manage cash flow. The budgetessentially provides a guide to […] read more

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