Latest Petrol Price for RON95, RON97 & Diesel in Malaysia

  • By
  • September 13, 2019

Get the latest petrol price in Malaysia. We provide weekly updates on every Friday at 5pm on the prices for RON95, RON97, and Diesel as the government revises the fuel price. Bookmark our page and check back for the up-to-date prices

Prices of fuel have been changing on a monthly basis since September 2018, but it will now return to a weekly price system based on the Automatic Pricing Mechanism (APM) formula.

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Updated Prices for Petrol from 14 Sep to 20 Sep 2019 are:

  • RON95 : RM2.08 per litre (no change)
  • RON97 : RM2.53 per litre (+0.03)
  • Diesel : RM2.18 per litre (no change)

Related: A Comparison of Petrol Loyalty Cards In Malaysia 

Recent Trends in Fuel Prices 2019
Weekly Petrol Price UpdatePrice of RON95/litrePrice of RON97/litrePrice of Diesel/litre
14 Sep – 20 Sep 20192.082.532.18
7 Sep – 13 Sep 20192.082.502.18
31 Aug – 6 Sep 20192.082.502.18
24 Aug – 30 Aug 20192.082.512.18
17 Aug – 23 Aug 20192.082.492.18
10 Aug – 16 Aug 20192.082.492.18
3 Aug – 9 Aug 20192.082.542.18
27 July – 2 Aug 20192.082.562.18
20 July – 26 July 20192.082.672.18
13 July – 19 July 20192.082.572.18
6 July – 12 July 20192.082.532.18
29 June – 5 July 20192.082.492.18
22 June – 28 June 20192.082.382.18
15 June – 21 June 20192.082.412.18
1 June – 14 June 20192.082.632.18
25 May – 31 May 20192.082.762.18
18 May – 24 May 20192.082.682.18
11 May – 17 May 20192.082.702.18
4 May – 10 April 20192.082.802.18
27 April – 3 May 20192.082.812.18
20 April – 26 April 20192.082.802.18
13 April – 19 April 20192.082.682.18
6 April – 12 April 20192.082.632.18
30 March – 5 April 20192.082.632.18
23 March – 29 March 20192.082.612.18
16 March – 22 March 20192.082.542.18
9 March – 15 March 20192.082.462.18
2 March – 8 March 20192.082.432.18
23 February – 1 March 20192.082.382.18
16 February – 22 February 20191.982.282.18
9 February – 15 February 20191.972.272.18
2 February – 8 February 20191.932.232.18
26 January  – 1 February 20191.982.282.18
19 January – 25 January 20191.982.282.17
12 January – 18 January 20191.922.222.05
5 January – 11 January 20191.932.232.04
1 January – 4 January 20192.202.502.18

The fuel prices in Malaysia for 2018 started off low as oil prices dropped. However, RON95 and Diesel started to flat-line from May onwards, until December at RM2.20 and RM2.18 respectively. RON97, on the other hand, gradually increased until a drop in December to RM2.50. You can find a more detailed price table at the end of the article for a week-by-week price of petrol in 2018.

See also: Historical Movement of Petrol Prices In Malaysia for year 2017

Since fuel prices will change weekly and are based upon changes in the average price of oil per litre, you can adapt your petrol purchases to profit from cheap weeks and avoid the expensive weeks. Check back every week to find out the petrol prices for the next week!

See also:

Best Petrol Credit Cards in Malaysia

Standard Chartered JustOne Platinum Mastercard

Save more than RM1,000 yearly from cashback on petrol, auto-billing, and online purchases.

HSBC Amanah MPower Visa Platinum Credit Card-i

8% cashback for petrol and groceries spend.

Citi - Shell Credit Card

8% Shell cashback for RM2,500 minimum monthly spend.

Citi Cash Back Platinum

Up to 10% cashback on petrol, groceries, and dining when you meet the minimum monthly spend.

Apply for the credit cards above and get an exclusive free gift when you activate it!
Read more:

After months of having fixed fuel prices for RON95 and Diesel (RON97 remaining on a floating price system), all fuel prices returned to a weekly price-float mechanism. Prices will be updated and changed on a weekly basis on every Friday onwards. This will benefit a lot of motorists as they will be able to fill up their vehicles at lower prices whenever crude oil prices fall.

See more: How to Save Money with Weekly Petrol Pricing.

Historically, the price of petrol in Malaysia was subsided by the government to keep the price artificially low. However, this changed in recent years when the government adopted a managed float system where the price of fuel would be announced monthly. Price adjustments are made based on the average price per liter of refined oil.

On March 29, 2017, the government decided to switch up the system again and adopt a weekly ceiling price. This means that individual petrol stations are allowed to deviate from the ceiling price, provided they get approval from the government first.

Can the price at the pump deviate from the ceiling price?

Malaysia has been protected from this effect in the past because the government would subsidize fuel prices but, with the introduction of the managed float system, that is no longer the case. Major influences on the price of oil are OPEC (a collective of oil exporting countries) and non-OPEC oil exporters such as Russia. Depending on their individual objectives these players might decide to cut or extend their production of oil, effectively driving the price of oil up and down.

The global oil price is one of the most important floating prices in the world. The price of oil indirectly determines the cost of living of most people on the planet, because it is so directly tied to fuel costs. As was previously mentioned, the weekly fuel price is determined by the price change in the global oil price. That means that if global oil prices rise, so will the price of petrol in Malaysia and vice versa.

Theoretically, individual petrol station owners could choose to set a lower price than the prescribed ceiling, but they would need approval from the government to be allowed to do this. Up until now, we have had no reports of petrol stations deviating from the ceiling price, so you can safely assume that the prices quoted here are what you are going to have to pay at the pump.

Related: Hybrid/Electric vs Petrol Cars: Which is cheaper in the long run?

RON97 is more expensive than RON95. It is generally considered to be the higher quality fuel type. RON97 is believed to be better for your engine and enhances the performance of your car, as compared to RON95.

Contrary to popular belief, RON97 does not necessarily give you more mileage than RON95. The mileage your car makes per tank refill is largely dependent on other factors such as the efficiency of your car. However, a heavier or lighter foot will ultimately decide how much fuel your car will burn.

RON97 is not necessarily the better fuel, even though it is higher priced. If your car does not explicitly require RON97, you are better off sticking with RON95 because it’s cheaper (most cars are optimized for RON95 or even RON92!). You may read about several tests that our local motor-journalists have done for more information: RON95 vs RON97 by Paultan – be aware that your mileage may vary (pun intended) as it also depends on your car’s engine.

If you are a frequent driver, petrol expenses are likely going to be one of your main expense categories. You can’t avoid buying petrol, but you can make significant savings on your petrol by spending your money the right way.

For example, you can make significant savings up to on your petrol spending by using a Cashback Credit-card with cashback on petrol purchases. If you can combine the utility of a petrol cashback card while benefiting from a weekly fuel price that is relatively low (and a lighter right foot), you can save large amounts of money on your petrol expenditure

Alternatively, you can check out our article on 12 Ways To Reduce Your Petrol Spend.

You will find the complete fuel prices for the year of 2017-2018 below.

Historical Petrol Price Malaysia in 2017-2018
WeekPrice of RON95/litrePrice of RON97/litrePrice of Diesel/litre
 30 March – 5 April 20172.132.412.11
 6 April – 12 April 20172.162.432.08
 13 April – 19 April 20172.242.522.16
 20 April – 26 April 20172.272.542.21
 27 April – 3 May 20172.212.492.14
 4 May – 10 May 20172.11 2.392.08
 11 May – 17 May 20172.01 2.291.95
 18 May – 24 May 20172.082.361.99
 25 May – 31 May 20172.122.402.03
 1 June – 7 June 20172.102.382.02
 8 June – 14 June 20172.052.311.94
15 June – 21 June 20171.982.241.88
 22 June – 28 June 20171.912.171.88
 29 June – 5 July 20171.892.151.84
 6 July – 12 July 20171.932.191.91
 13 July – 19 July 20171.972.221.96
 20 July – 26 July 20171.972.221.96
 27 July – 2 August 20172.032.281.99
 3 August – 9 August 20172.072.32 2.05
 10 August – 16 August 20172.12 2.392.06
17 August – 23 August 20172.152.432.04
24 August – 30 August 20172.15 2.43 2.01
 31 August – 6 September 20172.162.442.04
 7 September – 13 September 20172.20 2.48 2.05
 14 September – 20 September 20172.212.522.14
 21 September – 27 September 20172.192.49 2.10
 28 September – 4 October 20172.16 2.46 2.12
 5 October – 11 October 20172.192.492.17
 12 October – 18 October 20172.162.492.17
 19 October – 25 October 20172.172.47 2.11
 26 October – 1 November 20172.202.502.13
1 November – 8 November 20172.242.542.17
9 November – 15 November 20172.312.60 2.20
 16 November – 22 November 20172.382.662.25
 23 November – 29 November 20172.302.58 2.23
 30 November – 6 December 20172.302.58 2.25
 7 December – 13 December 20172.292.572.21
 14 December – 20 December 20172.252.52 2.20
21 December – 27 December 20172.272.542.23
28 December – 3 January 20182.262.532.26
 4 January – 10 January 20182.292.56 2.32
 11 January – 17 January 20182.262.53 2.32
18 January – 24 January 20182.302.572.32
 25 January – 31 January 20182.292.56 2.31
 1 February – 7 February 20182.312.58 2.34
 8 February – 14 February 20182.332.612.31
 15 February – 21 February 20182.232.502.19
 22 February – 28 February 20182.172.432.13
 1 March – 7 March 20182.202.472.18
 8 March – 14 March 20182.21 2.472.17
 15 March – 21 March 20182.182.452.16
 22 March – 28 March 20182.202.472.18
 29 March – 4 April 20182.202.472.18
 5 April – 11 April 20182.202.472.18
 12 April – 18 April 20182.202.472.18
 19 April – 25 April 20182.202.472.18
 26 April – 2 May 20182.202.472.18
 3 May – 9 May 20182.202.47 2.18
 10 May – 16 May 20182.202.472.18
 17 May – 23 May 20182.202.472.18
 24 May – 30 May 20182.202.472.18
 31 May – 6 June 20182.202.472.18
 7 June – 13 June 20182.202.662.18
14 June – 20 June 20182.202.602.18
 21 June – 27 June 20182.202.592.18
 28 June – 4 July 20182.202.502.18
 5 July – 11 July 20182.202.582.18
 12 July – 18 July 20182.202.592.18
 19 July – 25 July 20182.202.562.18
 26 July – 1 August 20182.202.542.18
 2 August – 8 August 20182.202.642.18
 9 August – 15 August 20182.202.612.18
16 August – 22 August 20182.202.652.18
23 August – 29 August 20182.202.652.18
 30 August – 31 August 20182.202.692.18
1 September – 30 September 2018 2.202.652.18
1 October – 31 October 2018 2.202.792.18
 1 November – 30 November 2018 2.202.812.18
1 December – 31 December 20182.202.502.18
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Smartphones That Won’t Cost You A Kidney

  • By
  • September 12, 2019

Paying an arm and a leg for a mobile phone?

Just as it is habit, Apple launched its new 2019 phones and besides the oohs and aahs over the models, the biggest chatter among Malaysians is how expensive the phones are. So, so expensive. But don’t forget, even some of the Samsung and Huawei flagship phones can burn a hole in your pocket. Now isn’t a mobile phone is just a mobile phone? As long as it works fast, has enough storage for apps and tons of photos, most of us would be happy.

Besides, we think that you should just cut back on expenses and use the money you saved (from buying expensive mobile phones) on better things or towards your retirement fund. While the prices of smartphones have been steadily rising through the years, and the price of a midrange phone can go to RM1,500 nowadays, there are some great devices in that price bracket. With that in mind, we’ve compiled some of best ones in between RM800 – RM1,500.

Before we move on, it’s important to note that everyone has different priorities or requirements of a mobile phone, and as such, there’s really no right and wrong when it comes to picking the best option for you. This guide only has some current options in this price range, that they are all Android phones (because Apple prices are in a league of their own) and that we’ve also stuck to smartphones that are officially available in Malaysia. Prices listed are retail prices, although you can probably find slightly cheaper deals from retailers—remember to check if the warranties are covered by local manufacturers, as well.

HONOR View20 and 8X

For those who are unfamiliar, Honor is a sub-brand of the world’s top three smartphone maker Huawei. No matter the segment of the market they go for – entry-level, mid-range or flagship – their goal is offer killer specs for a ridiculously low price.

Honor View20 : RRP RM1,499

  • Processor Type: Kirin 980
  • RAM: 6GB
  • Internal Storage: 128GB
  • Expendable Storage: Yes, hybrid
  • Front camera: 25 mega-pixel , F/2.0 aperture
  • Rear Camera: 48 mega-pixel, F/1.8 aperture
  • Screen Size: 6.4″
  • Battery Capacity: 4000mAh
  • Operating System: Magic UI2.0.1 (Based on Android 9.0)

Honor 8X : RRP RM799

  • Processor Type: Kirin 710
  • RAM: 4GB
  • Internal Storage: 128GB
  • Expendable Storage: Yes, dedicated
  • Front camera: 16MP, Video: up to 720p
  • Rear Camera: 20MP+2MP,Video:up to FHD 1080p
  • Screen Size: 6.5″
  • Battery Capacity: 3750mAh
  • Operating System: EMUI 8.2 (Based on Android 8.1)

Huawei Y Max and Nova 4e

Huawei Y Max : RRP RM1,299

  • Processor Type: Qualcomm Snapdragon 660
  • RAM: 4GB
  • Internal Storage: 128GB
  • Expendable Storage: Yes, dedicated
  • Front camera: 8 mega-pixel , F/2.0 aperture
  • Rear Camera: 16 mega-pixel + 2 mega-pixel, F/2.0 + F/2.4 aperture
  • Screen Size: 7.12″
  • Battery Capacity: 5000mAh
  • Operating System: EMUI 8.2 (Based on Android 8.1)

Huawei Nova 4e : RRP RM999

  • Processor Type: Kirin 710
  • RAM: 6GB
  • Internal Storage: 128GB
  • Expendable Storage: Yes, hybrid
  • Front camera: 32 MP, f/2.0 aperture
  • Rear Camera: 24 MP (Wide Angle Lens, f/1.8 aperture) + 8 MP (Ultra Wide Angle Lens) + 2 MP (Bokeh Lens)
  • Screen Size: 6.15″
  • Battery Capacity: 3340mAh
  • Operating System: EMUI 9.0 (Based on Android 9)

Xiaomi Mi 9T

Initially slated to be released internationally as the Pocophone F2 (it’s being sold in China as the Redmi K20), it was launched in Malaysia as the Xiaomi Mi 9T, and offers quite a lot for what it’s priced for. And what about that 20MP pop-up selfie camera?

Xiaomi Mi 9T : RRP RM1,199/RM1,399

  • Processor Type: Qualcomm Snapdragon 730
  • RAM: 6GB
  • Internal Storage: 64GB/128GB
  • Expendable Storage: No
  • Front camera: 20MP Pop-up selfie camera, f/2.2 aperture
  • Rear Camera: 48MP ultra high-resolution wide camera, f/1.75 aperture + 8MP telephoto camera, f/2.4 aperture + 13MP ultra 124.8° wide-angle camera, f/2.4aperture
  • Screen Size: 6.39″
  • Battery Capacity: 4000mAh
  • Operating System: MIUI 10

COMING VERY SOON: Samsung Galaxy A50s and A30s

Samsung had announced a major update for their midrange A50 and A30 series last month with the A50s and A30s; meant to come either a visual redesign and a better camera. Both models just received their SIRIM certification and we’ll be anxiously waiting to find out the price. The previous A50 and A30 models came in well within our price range here.

  • Samsung Galaxy A30 — 4GB RAM + 64GB storage — RM799
  • Samsung Galaxy A50 — 6GB RAM, 128GB storage — RM1,199

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Are You Financially Better Or Worse Than Average Malaysian? [INFOGRAPHIC]

  • By

You can’t measure what you don’t manage.

This phrase is particularly true when it comes to your personal finances. You need to pay attention to your money if you want to grow your wealth. And we at CompareHero are very concerned about Malaysians’ financial status. The B40 group are are struggling, the M40 group still find it hard to keep up with rising costs of living. Whether it is saving, investing, insurance, or managing money, the financial health of an average Malaysian highly depends on these fundamentals. So where do you stand?

According to the Visa Financial Literacy Study 2018, 53% of Malaysians are saving to prepare for their futures, while 22% do not keep track of their savings and spending. It also said about 24% of the population avoid keeping a budget and financial record.

Keeping up with cost of living.

Malaysia has changed and the government is making inroads into political and institutional reforms, but the persistent high cost of living remains an issue that policy makers have not been able to solve. It can safely be heard across the nation that being unable to keep up with rising prices boils down to three main issues of slower growth income, unaffordable property prices, and a weak ringgit. There are other contributing factors such as creeping food prices and changing lifestyles.

More Malaysians Are Getting Into Financial Trouble

The data on financial problems faced by Malaysians is concerning. Statistics from the Malaysian Department of Insolvency showed over 95,000 individuals have been declared bankrupt between 2014 and 2018 after failing to honour their borrowings with lenders. According to Credit Counselling and Debt Management Agency (AKPK), 943,181 individuals have volunteered for AKPK’s assistance and counselling services, and from that figure, 281,073 participants have participated in the Debt Management Programme (DMP), a programme designed to assist loan defaulters to clear their loans.

In AKPK’s Financial Behaviour and State of Financial Well-being of Malaysian Working Adults survey, one out of five working adults did not manage to save any money over the last six months and three out of 10 working adults had to borrow money to buy essential goods. One out of three Malaysians are not comfortable with their financial knowledge, while half of the population (52%) say they face difficulties raising even RM1,000 for emergencies. The main reason why many of them were unable to save was the high cost of living.

National Strategy for Financial Literacy.

The National Strategy for Financial Literacy 2019-2023 was launched in July 2019, that sets out priorities and actionable plans to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management. At the launch, it was revealed that 68% of Malaysians who retire at 55 do not even have at least RM240,000 in their Employees Provident Fund (EPF) account. And that there are situations where 70% of those who withdrew their EPF money use up the money within five to 10 years.

Financial planning should not start when one encounters financial problems, it should start as early as possible. Then you’ll have time on your side to start building good financial habits and compounding savings.
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Best SME Fixed Deposits for 2019

  • By Vino Kurukullam
  • September 10, 2019

Put your business savings to work with a top-rate term deposit.

If your business has a lump sum of cash that you want to park in a short term investment option, business term deposits (or fixed deposits) are available from a range of Malaysian banks. This allows your company to increase returns with competitive interest rates that are higher than a typical business account and improve your liquidity.

When you’re considering your investment options, you’ll need to compare the following to find the best term deposit fit for your needs:

  • Interest rates: The higher the rate, the more interest you’ll receive. Interest rates are usually linked to the investment term, so it’s a good idea to compare between investment terms as you might find that the rate for a 6 month deposit will be more than a 12 month one.
  • Minimum investment amount: With some business term deposits you’ll need to have a higher investment amount than a personal term deposit. Some banks have a minimum RM50,000 deposit while others will only have a minimum of RM10,000.

Top in the market right now.

Based on some research, hands down it has to be CIMB Unfixed Deposit™ (FD) or CIMB Fixed Return Account (FRIA-i). The FD gives you the flexibility to make partial withdrawals while your balance continues to enjoy great rates and FRIA-i is a term deposit account that allows you to make a deposit today and collect cash immediately (operates based on the concepts of Tawarruq and Murabahah in relation to Commodity Murabahah).

CIMB is currently running a promotion, till 30th September 2019. So if you are considering some profitable yields for your business, visit any one of CIMB’s branches soon. CIMB’s FD/FRIA-i offer competitive interest rates and flexible placement tenures to maximize the returns from your surplus cash and protect against interest rate fluctuations.

Remark: Minimum FD/FRIA-i is RM50,000 and maximum placement is as per Branch Empowerment Matrix for Business Deposits.

Locate a CIMB Branch here

Maybank Business Banking: Fixed Deposit Account or Islamic Fixed Deposit-i

Remark: Minimum deposit required RM 5,000 (1 month) and RM1,000 (2 months and above).

Locate a Maybank Branch here

Hong Leong Business Banking: Business Flexi FD

Remark: Minimum initial deposit: RM50,000.

Locate a Hong Leong Branch here

OCBC Business Banking: Malaysian Ringgit Fixed Deposit

Remark: Minimum initial deposit as low as RM1,000.

Locate an OCBC Branch here

Standard Chartered Business Banking: Yield Enhancing Term Deposit

Remark: Interest is calculated on a contractual basis and paid upon maturity (for tenures of 1 to 12 months) or on a half yearly basis (for tenures of more than 12 months).

Locate a Standard Chartered Branch here

Things to look out for with business term deposits

  • Auto rollovers: Banks would normally notify you when the time is getting near to the end of the investment term and will often let you know of a rollover option. This means that your existing fixed deposit deposit will get rolled over to a new term. While there is nothing wrong with this, generally speaking it’s a good idea before accepting the auto rollover rate, that you do some quick comparisons to see what interest rates other banks are offering for the same amount and term.
  • Early withdrawal penalties: Before your settle on an investment term, particularly if you are thinking of the longer term like 2 years, you’ll want to be pretty sure that you are not going to need (or want) that money sooner. Term deposits come with break fees which mean that if your business needs to take your money out sooner than the time that you’ve initially agreed, you are likely going to have to pay a fee.
  • Low interest rates: Don’t settle for low interest rates on your term deposit just because you already have an account with a particular bank. Most term deposits these days can be opened online and challenger banks often have more competitive rates. The higher your interest rate, the more money you’ll get back at the end of the term so be sure to shop around.
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5 Tips To Stop Living Pay Cheque To Pay Cheque

  • By
  • August 26, 2019

Take the first step towards financial freedom.

You may be gainfully employed, but yet you live pay cheque to pay cheque. You may even be in a two income household where bot of you earn enough to put food on the table, and your two small children have everything they need, but some months you barely scrape by. And you’re always just one emergency expense away from being completely wiped out. And emergencies do happen. But it’s probably our country’s rising cost of living that got you here in the first place.

Malaysia has changed and the government is making inroads into political and institutional reforms, but the persistent high cost of living remains an issue that policy makers have not been able to solve. It can safely be heard across the nation that being unable to keep up with rising prices boils down to three main issues of slower growth income, unaffordable property prices, and a weak ringgit. There are other contributing factors such as creeping food prices and changing lifestyles.

When you live month to month, you often find yourself scrambling to make ends meet, which is absolutely stressful and frustrating. Living like this does not only mean that you are unable to spend on some of the things you want, it also probably means that you have only enough to cover your basic necessities. In severe cases, living paycheck to paycheck could lead to increased debts and even dire financial situation.

But if you are done with this financial lifestyle and want to head towards a healthier financial status, here are 5 simple tips to get you out of your funk!

Change your attitude towards money.

You need to change your mindset towards money if you want to improve your financial situation. One of the most important rules to abide by is to spend less than what you earn. This is a surefire way to ensure that you do not actually overshoot your budget. Another way to change your attitude towards money for the better is by mingling with the right crowd. Friends with expensive tastes could put a dent in your wallet as you need to spend money unnecessarily to keep up with them. Not only that, always focus on the bigger picture to keep yourself aligned with your financial goals. Instead of splurging on the latest gizmo, it’s advisable that you save up money and use it for long-term investments like buying a house.

Learn to budget and manage your money.

If you are an excessive spender, the term ‘budget’ could possibly be your very own kryptonite! In fact, a lot of people actually take this important step far too lightly. Some people, on the other hand, will write a budget but fail to follow it diligently. The key to healthy budgeting is that you keep track of all your expenses. From monthly rental payment to yearly car insurance payment, you should list all these expenses down. This is to ensure that you are not surprised when infrequent payments pop up. A proper budget will help you realise how much you have been overspending. There’s tons of apps that can help you to budget effectively such as Mint, Spendee, Goodbudget, and Monny.

Prioritize your payments

The most important thing you must do after receiving your salary is to pay your bills such as house rentals, car loan repayments, etc. Next, you should focus on paying yourself, and this does not mean rewarding yourself by buying yet another pair of shoes! Paying yourself simply means setting aside a portion of your salary to go into your savings. This money should be off-limits unless it is needed for emergencies or long-term investments such as to pay for a down payment on a house. Another important fact to ponder is that many financial experts advise working adults to save at least 20% of their monthly income for rainy days. However, you are always encouraged to save more money once you are able to do so.

Scale back on your expenses

When you have a budget, it shows if you have overspending habits and hopefully makes you feel guilty for doing so. So Tip 2 ties in with this tip, which is to cut down on unnecessary expenses. Do you really need to spend RM200 monthly on a gym membership? While your efforts to stay in shape is commendable, there are other affordable ways to staying healthy. The same goes to other unnecessary expenses like eating out and indulging in retail therapy. Once you begin to trim superfluous expenses, you can work towards paying off all debts and start saving more money.

Start investing and diversifying your income

It is quite common for working adults to moonlight, albeit anonymously as this practice may be frowned upon by some employers. Moonlighting or having a second job can definitely help you to reduce the likelihood of living between pay cheques. Even Meghan Markle used to work as a freelance calligraphy artist in between her acting jobs for extra cash! So, put your hobbies, talents, and skills to good use. There are many websites that allow you to freelance such as Upwork, Favser, and Matdespatch. Not only that, many Malaysians are also actively working as Grab drivers, which does pay quite well.

Breaking away from the vicious cycle of living on paycheck to paycheck is tough in the beginning but the outcome is extremely rewarding. Follow the tips above and always keep your mind on the prize to achieve your financial freedom.
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