The Street Articles

 What is My Finance? Need an easier way to understand your finances? My Finance is a free-to-use feature within the Raiz app. It provides you with personalised insights and notifications on how you are spending. Spending is the other side of the equation when it comes to saving so by spending less, you can potentially save more…. Keeping a handle on how spending can help you meet your savings goals 🙂 In addition, we have harnessed machine learning & artificial intelligence into the feature so that it will provide you with tips & insights relevant to you – about your spending habits and where you may have saving opportunities. How it works To use My Finance, please make sure you link up your spending accounts as this is how My Finance will be able to provide you personalised insights. The more up to date your My Finance is with categorised spends and linked accounts, the more accurate this will be. Check out ‘Uncategorised’ tab in My Finance Check out the ‘Uncategorised’ tab wi

 It’s more important than ever to have emergency savings. Let’s do it. How much do you need? It’s important to build up an emergency savings fund to prepare for the unexpected, whether that’s your car breaking down or a drop in income. A rough guide for the ideal sum to have saved is the amount you’d need to cover three months’ essential outgoings. So, if you spend RM1,500 a month on mortgage or rent, food, bills and other things you can’t live without, aim for RM4,500 in emergency savings. But if this figure seems unrealistic, don’t be daunted by it. Even having just a small amount saved can help you avoid taking on debt if you face unexpected costs. How much can you save? Work out how much you can afford to save each month. Go through your income and spending, there are many useful budget planners in app store (just search for “budget planner” for example). See where you can cut back like if you can save on bills, for example, could you cut the cost of your phone bill by switching pr