Financial knowledge is crucial


“Through budgeting, you can avoid excessive spending, unmanageable debt, bankruptcy and dependence on others, ” Finance Minister Tengku Zafrul (file pic) said when officiating at the “My Money and Me” virtual workshop.

KUALA LUMPUR: The government and its relevant agencies will always emphasise the importance of financial knowledge and planning to the people, as this can help to avert unmanageable debt, bankruptcy as well as various scams.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said financial knowledge and planning is crucial for a more certain future.

“Through budgeting, you can avoid excessive spending, unmanageable debt, bankruptcy and dependence on others, ” he said when officiating at the “My Money and Me” virtual workshop.

Therefore, the minister said, the issue would always remain current given its relevance to everyone at all stages of life. — Bernama

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