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14 Malaysia-Based Personal Finance Instagrammers You Should Follow

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Nowadays, I notice there are more personal finance websites and blogs around. My grand scheme to get more Malaysian talk openly about money is working muahahahah!

(okay I cannot take all the credit but some la okay some)

(I’m not perasan they told me one)

You know where else money discussions are spilling over, aside from websites and blogs? Instagram. Yes, Instagram, the platform you log on to get jealous over other people’s perfect-looking lives (I’m not wrong).

So you can imagine how pleasantly surprised I was by the emergence this new trend, of Malaysians sharing about personal finance in their Instagram accounts (instead of the usual food, fashion, beauty, travel, etc). I love following them, and find them therapeutic – as I scroll down my feed, my bouts of envy is naturalised by money quotes and reminders to not spend money!

Here are 14 personal finance Instagram accounts that Malaysians should follow. This list is in no particular order.

#1 – debtfreemy

personal finance instagram malaysia

What to expect in the feed:

#2 – debtfreemalaysia

personal finance instagram malaysia

What to expect in the feed:

 

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My October’s Target. Where I want myself to achieve at the end of this month. #DebtFree #DebtFreeCommunity #DebtFreeMalaysia #BebasHutang

A post shared by DebtFree (@debtfreemalaysia) on

#3 – budgetbabe.my

personal finance instagram malaysia

What to expect in the feed:

#4 – makeover.life.debt

personal finance instagram malaysia

What to expect in the feed:

 

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October’s Groceries (wet food only)

A post shared by Debt Free NNR (@makeover.life.debt) on

#5 – savvysaz

personal finance instagram malaysia

What to expect in the feed:

#6 – dearduit

personal finance instagram malaysia

What to expect in the feed:

#7 – mimirello

personal finance instagram malaysia

(yep, the same blogger behind Mimirello.com website!)

What to expect in the feed:

#8 – dividendmagic

personal finance instagram malaysia

(yep, the same blogger behind DividendMagic website!)

What to expect in the feed:

#9 – blackbeltmillionaire

personal finance instagram malaysia

(yep, the same blogger behind Blackbelt Millionaire website!)

What to expect in the feed:

#10 – financial_friday

personal finance instagram malaysia

*not technically Malaysian, but used to study/work in Malaysia, so close enough (she’s from the Mauritius)

What to expect in the feed:

 

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I was an international student in Malaysia and I was constantly on the move: from campus accommodation to cheaper and cheaper rented rooms. . . I wanted to get the most out of my small allowance and soon, I was not only moving to smaller rooms, but I was letting go of a lot of stuff. And yet, the more I stayed in this new country, the happier I was. . . Now that I’m back home, in Mauritius, I realised I didn’t need a lot of things. And I realised that a fancy high-maintenance lifestyle will not make me happy. . . That’s why I wanna share this list, which follows my journey in #intentionalspending and #intentionalliving . . And you? What are the material things you realised you could live without, even despite what others would say? Comment below! . . If you want to read more about the ‘why’ and ‘how’ and back stories of all the items I chose, read it on my blog via the link in my personal account —-> @dkwaye . . . #FinancialFriday #personalfinance #minimalism #minimalist #lessismore #bemorewithless #minimalistlife #spendinghabits #spendless #debtfreeliving #howtosavemoney #savemoney #savingmoney #financialfreedom #moneytips #simpleliving #financialplanning #financialindependence #financialadvice #moneysavingtips #moneyadvice #simplelife

A post shared by It’s #FinancialFriday! (@financial_friday) on

 

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Happy Monday guys! Yesterday, I was going through my old #budget notebooks. I used to get those cute #pocketnotebooks which come with blank no-line pages and would list down: . • all my expenses of day every evening before going to bed, • the exact amount I had in my bank accounts at the end of each month and how much I had in cash at the time of writing, • my #savingsgoals – basically how much I planned to put aside for #savings for the month, • my income of course! . It was a tedious handwritten process, but it was so satisfying, seeing my small savings grow and I got to have 100% control my spending 😊 . . Notebooks from @mosseryco . . . #financialfriday #budgeting #budgetingtips #personalfinance #financetips #savemoney #savingmoney #savingsplan #financialplanning #adulting101 #cutestationery #financialgoals #finances #debtfreeliving #financialliteracy #financialadvice #moneysavingtips #disciplineequalsfreedom #budgetplanner #budgetlife #budgetfriendly

A post shared by It’s #FinancialFriday! (@financial_friday) on

#12 – debtfreesabah

personal finance instagram malaysia

What to expect in the feed:

#13 – surayaror

Mine 😀

personal finance instagram malaysia

What to expect in the feed:

Special mentions!

Aside from the above, I also want to feature some people in the zero waste movement who are leading by example. They prioritise DIY culture, consuming less and buying local & natural. We can learn a lot from them, and save a bunch of money in the process, too!

#13 – zerowastemy

personal finance instagram malaysia

What to expect in the feed:

 

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Current read: Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Kate Raworth. This should be essential reading for every economist, student, human. . . An excerpt: “Economic theory has long portrayed a “clean” environment as a luxury good affordable only for the well-off. … growth will (eventually) clean [the pollution] up. But there is no such law: ecological degradation is simply the result of degenerative industrial design. This century needs economic thinking that unleashes regenerative design in order to create a circular – not linear – economy, and to restore humans as full participants in Earth’s cyclical process of life.” . . We can no longer ignore the fact that economic “growth” led by our consumption and need (greed) for endless stuff (fashion trends, latest gadgets, dollar store knick knacks) has had a very negative impact on our planet. Scientists now warn of potential irreversible environmental damage affecting us, all of us, by 2030. Impacts include more severe droughts, heavier rains, coastal flooding, wildfires and heat waves. Will you take action to reject this insane model of a linear economy in favour of a more circular one? We can all do something small to ensure we still have a liveable planet in 2030, 2040, 2050. Take public transport instead of driving; shop local produce; refuse that straw, plastic bag, coffee cup and free gift; forget that sale – shop your best friend’s closet; eat less meat; start a compost. What will you do to reduce CO2?

A post shared by Elena (@zerowastemy) on

#14 – iquitwaste

What to expect in the feed:

 

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I made a new simple face scrub: locally grown brown sugar, local raw honey from stingless bees, juice of keffir lime and ground ginger (both I got from the market). Use it once a day before going to bed. I don’t know if it removes make up cuz I don’t use make up 😊 My small way of reducing my impact: we all have limited emissions credits, by making my own product from a few natural locally sourced ingredients I have a sustainable alternative to a plastic-packaged, centrally manufactured with many dubious chemicals shipped in from different places, heavily packaged and shipped out finished product; which gives off waste in the form of toxic suds wastewater and plastic microbeads down the drain, and a plastic tube or bottle that probably will never get recycled and end up in the ocean. And let’s look at emissions: a commercial manufacturing facility consumes huge amounts of energy (industry is in the top 5 of largest emissions sources), and then logistics of shipping out finished products (transport is also in the top 5). Take back our individual emissions credits. By making and consuming things as close as possible to their natural state and locally sourced, we are giving the finger to big industries and putting ourselves and our planet over their profits 💚

A post shared by Smita Jairam (@iquitwaste) on

 

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It still bothers me when I see many urban Malaysians insisting on buying and consuming imported food, fruit and vegetables; especially in affluent cities. We are so uber-blessed to live in a land of abundance, fresh fruit and vegetables growing all year round: greens, gourds, tubers, roots, herbs, flowers, fruits, everything that is needed to nourish us. Imported fresh fruits and vegetables have to be air freighted and wrapped in layers of plastics to maintain their freshness when they reach their destination. All that plastic waste and emissions are contributing to Mama earth’s deterioration. The transport sector is one of the biggest emitters of greenhouse gases and what are they transporting: people, goods and food! It’s especially ridiculous because here in Malaysia we maintain our culture of regular farmer’s markets that happen in every city and every town. Kuala Lumpur has accessible morning and night markets in different suburbs. In East Malaysia, they are called tamu and are held regularly. On our road trip this past weekend, we stopped in many small towns and headed straight to the tamu to buy local goods, including food. We don’t need fancy “exotic” trendy superfood fruit and veg grown 15000km away. It’s not healthy for our bodies if it’s killing our planet. Photo by @dean1sm

A post shared by Smita Jairam (@iquitwaste) on

Do you know of any other personal finance accounts in Malaysia we should follow?

Strictly curated by people, not brands or companies 😉 And must talk about personal finance in the majority of their posts.

If you know of any other Malaysians maintaining personal finance instagram accounts, share with us in the comments section!

Link Roundup #9: 10 Things to Know This Week

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Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. We Put Klang Valley’s Ride-Share Apps In A Head-To-Head Price Test – Vulcan Post

Surprising fact no 1: There are (at least) five active ride-sharing apps operating in the Malaysian market. Five!

They are: Grab, MyCar, MULA, EZCab and Dacsee. LOVE this article comparing the prices plus waiting times for each of them. I’m already a Grab and MyCar user – I think I’ll install EZCar too because the price looks pretty good.

Continue Reading…

Link Roundup #6: 10 Things to Know This Week

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Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. Here’s How Much Money You Save by Cooking at Home – Forbes

The data is from US, but it’s still a fascinating read. They compared between restaurant, meal kit delivery (not common in Malaysia I think) and cost of ingredients and found that you can save up to five times more by cooking all your meals at home! Another point of interest: ordering protein-based meals from restaurants are more worth it if compared to carb-based meals.

Granted, the US does not have our mamak slash cheap food culture. You can get food relatively cheap here. Personally I’m a big fan of rice + dhal, and that’s fairly nutritious and maybe cost a few ringgits at the most.

Whether we’re willing to give up our food obsession is another story, though. Trying out different cuisines is practically a national hobby.

Continue Reading…

1 question you need to ask after receiving financial advice

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Hands up if you have ever typed anything along these lines in Google Search:

  • ‘How to cope with cost of living’
  • ‘How to make a budget’
  • ‘How to reduce spending’
  • ‘Ways to increase income’
  • ‘What is the best credit card’
  • ‘Where can I get a loan’
  • Or some other variation of these

May I just say that the first page of Google results were designed to be there in the first place – someone lovingly crafted an SEO-optimised article, especially for the incoming Malaysian traffic. Oh, Malaysians, especially our generation, will be flocking these articles, desperate for help to counter the rising cost of living.

The articles are likely short and filled with bite-sized information. The advice given are, for better or for worse, generic, and usually ends in ‘yes you too can save money/make extra income with these methods, try it now!’. Then perhaps they will plug in a product or a service.

How do you know if you are receiving good advice or not?

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