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savings

[SPONSORED] What Does PIDM Do and Why Should YOU Care?

When Perbadanan Insurans Deposit Malaysia – PIDM for short – contacted me about doing a paid collaboration, I was confused. Unlike other sponsored post inquiries I get, PIDM has no products or services to sell. If anything, their services are (1) free and (2) automatic.

Then they told me their reasons. They’re to:

  • Promote awareness on PIDM’s protection services so that people are assured that their deposits, takaful and insurance benefits are safe;
  • Inform which financial products are protected to prevent scams by unscrupulous parties, and;
  • Let people know what they should do IN CASE their banks, takaful and insurance companies go bankrupt (stay calm, see #3).

So apparently – and I didn’t know about this before – there are people out there who scam your family and friends because they don’t know about PIDM?? That is horrible! And this is why PIDM wants to tell the public who they are and what they do!

So I said yes, and together we created this plain-English article about what PIDM does.

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[SPONSORED] What Actual Retirees in Malaysia Say About Retirement

In my previous sponsored post about retirement, I talked about the importance of saving up for retirement, because the fact is that the majority of Malaysians don’t have enough money to support their golden years.

Who best can show you the reality of retirement, than actual retirees in Malaysia? Here are 3 retirees, and what they’re doing now to financial support themselves.

The original article appears here. Read it. It contains more details of these retirees.

Mr Moothy. Age: 65. Spent EPF money for family. Returned to workforce.

retirees in malaysia

Mr Moorthy bought property, but had to liquidate it to help his children’s finances. Because of a parent’s love, he had to return back to the workforce.

The consequences of not saving for ourselves can affect our parents.

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My Experiment on Living Paycheck to paycheck

My Experiement Living Payheck to Paycheck

First off, here’s a cool infographic on sample budgeting if one earns RM3,300 a month, with no dependents. The infographic is brought to you by CompareHero! Recently, they published my article on Bitcoin Debit Card Guide for Malaysians, so I’m returning the favour 🙂 It’s not hard, because I’m a big fan of their infographics in the first place.

Related: I wrote about my own actual monthly budget when I was earning RM3,500 a month.

Scroll down for infographic. My experiment on living paycheck to paycheck is under the infographic.

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