The Star: Need a Financial Plan for 2024?

During festive seasons, it can be easy to splurge and lose track of your spending. Kimberly emphasises on the importance of tracking your spending; while you’re joining in the celebrations, don’t forget to keep an eye on your finances as well.

Kimberly suggests to create a comprehensive budget and to set your own financial goals for the new year. She provides a helpful list of categories and methods, as well as what you should take into consideration when planning your budget.

She points out that while sales and promotions are a good way to save costs, make sure that you are not buying on impulse simply because it is cheaper.

Kimberly also advises to look into Malaysia’s tax reliefs and rebates to plan your expenses, but reminds everyone to not spend on unnecessary things solely for the tax relief.

This article can be found online here.