This is a new trend where Malaysians trade views about their personal finances on their social media accounts. Aside from websites and blogs, Instagram is one of the preferred choices for Malaysians to share their personal finance journey in clearing the debts or loans.
Here are 8 personal finance Instagram accounts that Malaysians should follow. The list is in no particular order.
The person behind this account is 29 years old who aims to pay off mortgage by the age of 35.
She actively updating her monthly budget and keeping track with it to make sure the spending is not more that what she earns. Categories are highlighted in different colours to better keep on track.
A mother of 2 kids who are struggling to clear off the debts and to cope with her shopaholic attitude. She sells her clothing in order to pay the debts as and it paid off.
Besides trying his best to pay off all the debts and planning his finance, he is also trying a new way to reduce the living expenses by joining the zero waste community. It is helpful in saving more money on groceries.
Debt free Malaysia shares the journey to clear off the debts step by step. Total debt is RM113, 300 and now managed to pay off RM15,400 which is approximately 13% of the total debt. It only takes 4 months to pay off RM15,000 with determination and discipline.
She also is joining the zero waste community in order to save up more.
Besides emergency fund, she also has a ‘sinking fund’ which is similar to emergency fund but it is more to expected emergencies such as birthdays, celebrations, work trip etc. It is the best way to leave the emergency fund untouched unless a real emergency arise.
30 day minimalism challenge is one of the method that she’s been trying i order to save more. Minimalism may able to cut spending and in fact can earn more money buy selling those unwanted stuff.
The girl behind ringgit oh ringgit website that posts information on managing finance. Her mission is always been to inspire young women in Malaysia to manage their personal finances.
Her mantra is to live minimally and save aggressively. You can follow her Instagram to get to know more about saving, earning, investing, spending money or any content related to finance.