Topic: #personal finance

Teaching financial literacy in schools has far-reaching benefits beyond merely avoiding debt or creating a budget. It empowers young adults to make informed financial decisions.

Owning a diverse portfolio of assets secures your financial well-being and open doors to new opportunities and avenues for growth.

We often underestimate the impact of seemingly insignificant expenses. That daily cup of premium coffee, frequent takeout meals, impulsive online purchases, or unused subscriptions can slowly erode our hard-earned money.

Replenishing the emergency fund over time should be approached with a sense of responsibility and commitment. Once the crisis has passed, make it a priority to allocate funds toward rebuilding the emergency fund.

First and foremost is the safety factor. Money Market Funds prioritise low-risk assets such as government bonds and short-term debt. This conservative approach makes them inherently safer compared to many other investment options.

By taking the initiative to learn, practice good financial habits, and seek guidance when needed, you can develop a solid understanding of personal finance at a young age and set yourself up for a financially secure future.