MoneyLab

  As a recent graduate in your early to mid-20s, you may have secured your first full0time job and are starting to build your life as an independent adult. However, with adulthood comes a range of responsibilities, including establishing a career, starting a family, raising child and taking care of ageing parents. Regardless of your commitments and aspirations, financial literacy is a crucial aspect of adulting, with long-term implications for various aspects of our lives. Being financially savvy can help us avoid financial hardship and reduce the likelihood of falling into financial distress . In this post, I will share my perspective on managing personal finances. Budget for your NEEDS first Calculate your essential expenses, such as transportation costs, food bills, insurance, utilities, telco bills, tax payment, parental allowance,to determine the amount you need to survive. While the percentage of take-home pay allocated to spending varies depending on individual financial situati