Simple rule for better financial planning

IN the years following the Covid-19 pandemic, Malaysians have become more aware of life’s uncertainties. Many have taken steps to strengthen their safety nets; they are starting to review insurance policies, build emergency funds or seek professional financial advice.

This growing interest in risk management is a positive trend. However, it also brings a hidden challenge: in the quest to protect our future, some may unknowingly overspend on insurance, stretching their budgets too thin, thereby compromising other important financial goals.