Why you should start financial planning early

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Savings alone used to be enough, but this is no longer so today. It’s all about staying ahead of inflation. FMTNews

When you start earning, it is very important that you begin a saving and investing program.

Credit Counselling and Debt Management Agency’s chief executive officer Azaddin Ngah Tasir says that everyone should have a plan for their retirement as soon as they enter the workforce. Hong Leong Bank group managing director and CEO, Domenic Fuda, says that a survey the bank conducted in collaboration with iMoney, a financial comparison aggregator, indicates that 75% of the respondents rated their financial knowledge as low or average, and 68% believe they do not have enough savings.

 

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