Financial readiness isn’t always the easiest thing to achieve – especially at times like this when things are getting more expensive and expenses start piling on. But that doesn’t mean it’s impossible. You can start with setting a budget and sticking to it. If you don’t feel comfortable with what you’ve saved at the end of the month, see which part of your regular spending you can cut back on.
From there, it’s a matter of developing your financial goals – whether you’re looking to eliminate or reduce debt, save for a house downpayment – or what’s usually important: having money for retirement. If it’s retirement that you’re especially interested in, there are even more avenues through which you can expand and maximize your money outside of what you already have tucked away in your EPF.
Examples:
– Private and public retirement funds
– Investment saving funds
– Savings-focused Takaful and Insurance plans
These are all ways you can tuck your money away and grow it at the same time, with a few extra benefits too.
PruBSN Aspirasi is one such plan that helps you head towards that future of financial freedom. There’s flexibility in payment terms of five, ten, or twenty years at a fixed contribution rate, annual cash payouts from the second year, as well as the lump sum maturity benefit at the end of your benefit term. Potential returns via shariah-compliant investment-linked funds, and financial protection for your family in event of total and permanent disability or death are also part of this plan.
Combine this with PruBSN WarisanPlus and you’ll even get unique diseases coverage, higher coverage amounts, hibah, and extended coverage up to the age of 100 as part of an affordable and customizable protection plan.
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