According to The Star newspaper, only 34% of Malaysians are putting aside money regularly for their retirement funds besides their Employees Provident Fund contributions.
Around 1 in 5 working adults have not saved in the past six months, and most of those who are able to, only do so for the short-term – the savings are typically withdrawn at the end of the month.
do not have enough savings to last a month.
Saving money is good for your health too. Studies throughout the world suggest that people who save for their future feel more positive, sleep better and experience better mental wellbeing than those with no savings.
For some, the thought of saving money can feel like a challenge, but there are small things almost anyone can do to save a little money each month, such as:
We've got even more tips on how to build up your savings.
Check out some of our savings accounts and see if there's one that's right for you.