Live within your means

Need for financial planning: Develop a realistic budget that outlines your income, essential expenses, and debt repayment goals, says Rajendaran. — YAP CHEE HONG/The Star

Experts: Youngsters should manage their income, cut down debts

PETALING JAYA: With many young Malaysians saddled with debts, experts say it pays to “ignore the Joneses” and apply the golden rules of spending, which is to live within your means and save for rainy days.