In this first in a two-part video series (view the second video here), we hear from two financial experts how young professionals can manage their income better.
The economic and job uncertainty wrought by the pandemic has made more folks keenly aware of the need for good financial discipline and a rainy-day kitty. But what are good budgeting practices? How much emergency funds do you really need, and how do you set this aside?
Here, we meet Chin Teck, 32, a father of two young kids, and Jasmin Jayadas, 30, who lost her full-time job due to the pandemic, who share their challenges in saving and budgeting.
Responding to their challenges, financial experts Christopher Tan from Providend and Jolene Ong from the Institute for Financial Literacy weigh in, giving their tips on proper budgeting, buying insurance, building up an emergency fund and the basics of investment.
View the original video here.
Good Living is the Cyprus Mail’s portal of curated content from across the internet, showcasing local and global ideas, cultural highlights, and scientific and technological developments to inspire a sustainable life.