MyFPA

“I will start to save money when I have money.” This is one of the common financial management mistakes that many young adults make.

We often hear young adults comforting themselves that they will start to save money when they have money. However, is money saved only when there is money?

We believe it is a matter of opinion because if you don't save money, you won't have money. Even if the amount is small, you should also start saving. If you save RM20 every month, you will have RM240 at the end of the year. If you have the thought of saving money only when you have money, you will not have extra money.