4D3N Langkawi Weekend Trip (On a Budget)

 

langkawi weekend

I feel like travelling overseas, but am not keen on the horrible exchange rates right now. One day, while happily browsing Google Flights and dreaming of Europe (use it! You get to save money on flights), I found cheap tickets to Langkawi. RM102 for return tickets, including fees. Even though I didn’t exactly have a burning desire to go to Langkawi, I couldn’t resist the price and booked it on the spot.

And that’s how I went on a 4 days 3 nights Langkawi weekend trip. This guide is suitable for those of you going solo/duo travelling and wants to be somewhat comfortable but on a budget. Because of the weather (it rained 80% of the time I was there), this guide is also less more general and flexible in nature.

Continue Reading…

[SPONSORED] This is Why You Need to Use EPF i-Akaun

This is a continuation of a series of sponsored posts about EPF and retirement. See the previous two articles here: Will You Fight or Flight? and What Actual Retirees Say.

Here I’ll share an EPF tool, called i-Akaun and why you need to use it. For the purpose of this article, I created my own EPF i-Akaun.

Click here for the original i-Akaun article on CompareHero.

How to Create EPF i-Akaun

EPF i-akaun

For first-time login, get the activation code first. You can do this by:

  • Go to EPF counter or EPF Kiosk, or;
  • Call KWSP at 03-89226000. Press ‘0’ to talk to the nice operator, then answer some personal questions for identification purposes. They’ll send the code via SMS.
  • THEN go to the first-time login page here. (this page took me a while to find)
  • For subsequent logins after activation, click here.
  • Optional but handy – download the EPF i-Akaun app.

Reasons to Use EPF i-Akaun

1. View and check EPF statements

This is how much you should have, based on your age.

retirement in malaysia

2. Check how much you can withdraw

EPF i-akaun

You can withdraw for education and housing purposes. View status of withdrawal application here too. Note: You can only withdraw from Account 2.

3. Check who’s your beneficiaries

I.e. who is going to get your EPF money. If you haven’t added beneficiaries, I suggest you do that asap. It’ll make it much easier for them to withdraw later on. Note: You can only submit the names at EPF counter. For security and anti-fraud reasons.

4. Check  when is the last time your employer submitted your EPF

Sometimes, irresponsible employers conveniently ‘forget’ about this. If you work, your employers should contribute 13% (or 12%, depending on how much you earn) of your salary towards your EPF. If they did not contribute this, they are in the wrong.

5. Latest info on EPF and office locations

Quite handy I think.

Conclusion

Having tried it out, I’ll have to say the experience was good. It’s convenient – I managed to change my address with no problem. I also checked my beneficiaries and felt secure seeing their names listed there – it’s reassuring to know that if anything happens to me, they will be able to access my EPF money. If you haven’t, I highly recommend you to open your EPF i-Akaun now!

This article was written in collaboration with CompareHero. To stay up to date with the latest news on personal finance in Malaysia, please follow CompareHero Facebook Page

The Exact Steps I Use to Earn Online in Malaysia

Earn Online in Malaysia

In this blog, I shared a lot about what I do for a living: self-employed freelance writer. It’s been about a year, and I’m happy to say that it’s been a pretty good year. I work 100% online, and yes, it’s possible for other Malaysians to do the same.

It can be lucrative, too. If you’re a new reader, you can check how much I earn every month in my monthly budget update posts. In November 2016, I hit 5 digits.

In this blogpost, I’d like to share the exact steps I use in my journey. I started from zero knowledge and experience – in fact when I first started, I was still looking for local job opportunities (because that’s what I am used to). I hope you’ll find this sharing useful.

Continue Reading…

The Comprehensive Guide to Save Money on Groceries in Malaysia

comprehensive guide to save money on groceries in malaysia

Some people love grocery shopping. Some people don’t.

I happen to belong to the first camp. I LOVE grocery shopping. It’s fun to go to the hypermarket and pick between yellow and red onions haha.

When I first started to budget, my initial research was all about how to save money on groceries before I ‘graduated’ to other topics.

There are lots of ways to save money on groceries in Malaysia. In this guide, I will share what I know. I hope you’ll find it useful for your next shopping trip. I divided this article into helpful shopping tools to have and things to do before, during and after the trip.

Related: Grocery shopping tips not relevant to you? See other money saving tips in this 50 Ways I Save Money in Malaysia article instead.

Continue Reading…

11 things I learned about self-employment in Malaysia

Self-employment in Malaysia

I’ve been self-employed for about a year now!

For those who don’t know the story, it’s basically this: moved to Ipoh late-2015, tried to open a business. Failed. Tried to look for jobs. Failed to find high-paying jobs. Started freelance writing. Now I am a self-employed writer.

Prior to this, I had always had 9am-6pm jobs. Like many people, I liked the stability of a full-time job. But I’ve also been envious of entrepreneurs and other people who ‘work for themselves’. Not having a boss seems like a nice concept, even though I liked all of my bosses.

Whether you’re currently self-employed, or considering to take the self-employment route in Malaysia, I think you’ll find this post insightful. Here are 11 things about self-employment in Malaysia that I found out in the past year.

Continue Reading…
Show Buttons
Hide Buttons