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Let’s be honest—budgeting and managing finances is an ongoing task that requires constant attention. While it’s crucial to be mindful of big purchases, it’s often the small, everyday habits that quietly drain your wallet. These money leaks can add up quickly, making it harder to save or meet your financial goals. In this article, I’ve listed down 15 common habits that might be eating into your budget without you even realising it. No matter your financial situation, identifying and eliminating these unnecessary expenses can help you save more for the things you really need—or truly want! Note:  This isn’t about cutting out all your small pleasures; it’s about being aware of where your money goes so you can make more informed choices. After all, a little indulgence now and then is perfectly fine—everything in moderation! 1. Buying Bottled Water Staying hydrated is essential, especially in Malaysia’s heat. But if you forget to bring your own water bottle, you’ll likely end up buying bottled water. While it might seem like a small expense, it adds up over time. At RM2.50 a bottle, you could be spending RM75 a month or RM900 a year! So, make it a habit to carry a reusable water bottle whenever you head out. 2. Missing Credit Card Repayments Skipping out on your credit card payments will cost you a lot of fines and penalties. Credit cards are known to have the highest interest rates, up to 18% p.a. That means the larger the amount left unpaid, the higher the interest charges. If left unchecked, you could find yourself in credit card debt very quickly. If you have trouble keeping track of your deadlines, then set a reminder earlier than your payment deadline to avoid paying the late interest fees.  3. Unused Gym Memberships Many of us sign up for gym memberships with the best intentions, only to stop going after a few weeks. If you’re not using your membership regularly, cancel it and explore free exercise options like jogging or home workouts on Youtube instead. 4. Fast Fashion Shopping Buying cheap, trendy clothing might feel like a good deal, but it adds up over time, especially when the items quickly go out of style or fall apart. Invest in a few quality pieces that last longer and save money in the long run instead. 5. Withdrawing Cash from Out-of-Network ATMs Withdrawing money from out-of-network ATMs might cost you RM1 here or RM2 there, but it adds up fast. Stick to your bank’s ATMs to avoid these unnecessary fees or better yet, switch to using a digital e-Wallet like TNG or MAE app instead.  6. Unhealthy Lifestyle Habits Smoking and excessive drinking not only harm your health but also your wallet. Malaysians spend approximately RM15.85 billion each year on smoking  and tobacco substances. Additionally, Malaysians also end up spending an estimated RM16 billion annually  on treating smoking-related illnesses, such as cardiovascular diseases and lung cancer. Not only are these habits damaging to your finances, but also your health!  7. Buying Lottery Tickets (Toto) While the allure of hitting the jackpot at Toto seems tempting, the odds of winning are extremely low. The chances of winning the Supreme Toto 6/58 game  jackpot are approximately 1 in 40,475,358 and regularly purchasing lottery tickets is more likely to result in financial loss rather than a substantial gain. 8. Not Comparing Prices While it may take slightly longer than usual, comparing prices of items like clothing or groceries in different locations might help you save a few extra ringgits along the way. I get it; not everyone has the luxury of time to window shop, but thankfully we live in modern times, you don’t even have to leave your homes to check prices these days. In fact, you can use apps that show you prices in different stores, such as Hargapedia  or SmartShopper .  9. Traffic Offences Speeding is one of the most common traffic offences in Malaysia and can result in hefty fines, depending on how much you exceed the speed limit. For instance, speeding more than 40 km/h above the limit comes with a hefty saman (fine) of RM300 for all vehicles, with no discounts for early payments! To avoid these costly penalties, always drive within the speed limits, park legally, and avoid using your phone while driving. Staying on the good side of the law not only keeps you and others safe on the road but also keeps your wallet from running dry.  10. Frequently Dining Out  With food prices in Malaysia rising by 2% , frequently dining out—especially for work lunches—can take a serious toll on your bank account. Packing your own lunch is a smart way to cut your monthly food expenses in half. For instance, instead of spending RM200 a month on eating out, you could reduce that to just RM100 by bringing your lunch from home half the time. Not only will you save money, but you’ll also enjoy the added health benefits of preparing your own meals.   11. Sending ALL Your Clothes for Dry Cleaning Not all your clothes need to be sent for dry cleaning. Dress shirts, blouses, trousers, skirts—these can usually be washed in the machine on a gentle cycle with cold water. If an item is very expensive, delicate, or you're unsure, it's safest to dry clean. But for many everyday clothes, washing at home can save you a lot of money and keep your clothes looking great for longer. Just be gentle and avoid the dryer when possible. 12. Keeping Unnecessary Subscriptions Do you really need all those streaming services and premium subscriptions? If you’re subscribed to Netflix, Amazon Prime, or other services that you barely use, consider cancelling them. You can always resubscribe if you really miss them, but in the meantime, you’ll save a significant amount each month. 13. Skipping Your Medical or Dental Checkups Neglecting your regular medical or dental checkups can cost you in the long run. Your health should always be a priority, and addressing symptoms early on can save you a lot of money—and pain. For example, if you notice unusual tooth sensitivity, don’t just ignore it! A prompt visit to the dentist could prevent a small issue from turning into a costly root canal, which can be nearly three times more expensive. Similarly, delaying a doctor’s visit could result in a hefty medical bill down the line. 14. Paying Yourself Last This one is a huge deal-breaker. When you don’t pay yourself first—setting aside a portion of your income for savings before anything else—you risk spending your entire pay cheque on expenses and wants. By consistently saving a percentage of your income first, you can build an emergency fund, invest for the future , and ensure your financial security. Make paying yourself first a non-negotiable habit, and watch your savings grow. 15. Having Too Much Cash Holding excessive amounts of cash can be detrimental to your financial health. Traditional savings accounts offer you minimal interest rates, often lower than the inflation rate. This means that your cash is effectively losing value rather than growing. Additionally, cash sitting idle in your bank account means missed opportunities for growing your wealth. Keep only what you need for daily expenses and emergencies. If you prefer to keep some cash liquid, look for high-yield savings accounts  that offer better interest rates than traditional savings accounts. (Learn how to invest RM100 every month !) Conclusion These small habits are often overloooked but they can slowly drain your finances if you’re not careful. Identify and elimiate these money leaks, so you can better manage your budget, save and work towards your financial goals. Being mindful of where your money goes doesn’t mean you have to cut out all the things you enjoy—it’s about making intentional choices that align with your long-term financial well-being. Start addressing one or two of these habits, and you’ll be surprised at how much you can save over time! Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Alamak! It’s two weeks until payday, and you’re already low on cash?! Where did all that money go? If this sounds familiar, you’re not alone. It’s easy to lose track of where your money goes. Managing expenses can be a hassle—sometimes, it even feels like a full-time job. Budgeting apps are a great tool to help you stay on top of your spending. Let’s dive into the top five budgeting apps that can help you manage your money effectively. 1. Wally Wally is an AI-powered budgeting app that helps you keep track of your finances. It automatically tracks income, spending, pending bills, budgets, and just about everything financial. You can sign in with your email address, set savings goals, create daily budgets, log expenses and income, track expenses over time, set bill reminders, and more—all presented in a timeline feed or calendar. The app allows you to sync all your accounts and payments with over 15,000 banks in 60 different currencies across 70 countries. While the app is mostly free, it offers additional in-app features you can purchase, like a customised budget tool, handling foreign accounts, and additional currencies. Subscription Fee: Free (with in-app purchases) Platform Availability:   Google Play 2. Money Coach  Money Coach boasts a 4.6 rating on the Apple Store. It’s a comprehensive budgeting app that offers personalised guidance and a suite of tools to make managing money easier. The Quick Entry feature lets you create a transaction shortcut in just 2 seconds. Other key features include automatic expense tracking with auto-categorisation, customised budgets for various spending types, savings goals, and access to educational resources on personal finance. T he app also connects directly to your bank accounts to automatically import and categorise transactions , so you'll have a complete view of your expenses and savings across checking, savings, credit card, and investment accounts. A bonus point for this app is that it automatically syncs data across your iPhone, iPad, and Apple Watch at the touch of a button. Subscription Fee: Free with in-app purchases. Subscription offers additional bonus features from the early development team. You have the option to test them with a free trial; after the trial period, a monthly subscription fee is required to continue using the app and its services. Platform Availability: App Store 3. YNAB (You Need A Budget) If you’re serious about your financial goals, then you can learn to do money differently with the YNAB app . This award-winning budgeting app helps users achieve their financial goals using a zero-based budgeting approach . Y ou can organise your finances by linking your bank accounts, credit cards, and loan balances, all in one place for a centralised view of your finances. The app then guides you on how much of your income should go towards various categories such as goals, savings, debt, and expenses. For those looking to increase their financial literacy, YNAB includes financial education resources like free live classes offered by financial experts. Subscription Fee: 34-day free trial, followed by a monthly subscription of $14.99*/month (approximately RM65/month) Platform availability: Google Play  | App Store 4. Wallet: Budget & Money Manager (BudgetBackers) Wallet stands out as the best overall free app. It has the high ratings both on the App Store ( 4.6 ) and Google Play ( 4.7 ). The app is designed to help users save, plan, and manage their finances all in one place. A unique feature of this app is its use of AI to generate automatic daily spending tracking and provide weekly spending reports. Another major plus is that the developers, BudgetBackers, do not sell customer data to third parties, so you don’t need to worry about your privacy. Subscription fee: Free  Platform availability:   Google Play  | App Store | Web App 5. Bill Organizer Budget Planner (TimelyBills) Never miss a bill again with Bill Organizer Budget Planner (TimelyBills) . This app is one of the top-rated, reliable bill reminders and budget planners out there. It’ll automatically remind you to pay your bills and keep you on track to pay off your loans. It also acts as your personal financial advisor to ensure you stay within your budget. You can see how much you need to save for retirement with the built-in retirement calculator. You can even download your expense reports into PDF and Excel formats to document your finances. Subscription Fee:  Free  Platform availability: Google Play  | App Store   Disclaimer: All prices listed are accurate at the time of writing; however, prices may vary at the time of purchase.  Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Bitcoin is often perceived in two distinct ways: some see it as digital gold , a stable store of value, while others treat it like a tech stock that is prone to market fluctuations. As of late, Bitcoin has been particularly volatile , with prices plunging to around $48,000 before rebounding to the $61,000-$62,000 range. This rapid movement has left many investors concerned about the stability and future of their crypto assets. Why is Bitcoin's price falling? The recent drop in Bitcoin’s value , along with declines in the broader equity market, can be traced back to several macroeconomic factors :  1. Weak economic data Weak economic data from the U.S., such as disappointing job reports and high inflation , has contributed to a shift in market sentiment. Investors have become more risk-averse, leading to declines in speculative assets like cryptocurrencies. 2. Interest Rate Hikes The Bank of Japan's surprise announcement of interest rate hikes has also weighed on Bitcoin and other crypto prices. Higher interest rates make holding cash more attractive relative to riskier assets. The U.S. Federal Reserve has also been raising rates aggressively to combat inflation, which has put downward pressure on Bitcoin . 3. Shift to Risk-Off Sentiment As a speculative asset class, cryptocurrency is especially sensitive to changes in market sentiment. When economic conditions deteriorate, investors tend to shift to a "risk-off" mode , selling riskier assets like Bitcoin in favour of safer havens like the U.S. dollar. This shift in sentiment has contributed to the recent crypto market downturn. 4. Leverage and liquidations Many crypto traders use leverage to amplify their gains. However, leverage also magnifies losses. When the market moves against leveraged positions, it can trigger rapid liquidations, driving prices even lower. The use of leverage has intensified the recent price drops in Bitcoin and other cryptocurrencies. Bitcoin’s Market Fundamentals and Future Despite Bitcoin’s recent market turbulence, some investors remain optimistic, seeing the dip as an opportunity to buy. The fundamental reasons for investing in Bitcoin —such as its potential as a hedge against inflation and its limited supply—are still strong. However, it’s crucial to recognise that Bitcoin’s market dynamics are still heavily influenced by sentiment and macroeconomic factors, making it difficult to evaluate using traditional financial metrics. There has also been discussion about the possibility of countries adopting Bitcoin as a strategic reserve, a concept that has already been embraced by some companies. While technically feasible, this idea introduces new risks and challenges, particularly in managing the security of such assets. Bitcoin’s Price Outlook Looking ahead, Bitcoin’s price may continue to rise, particularly if positive developments in the global cryptocurrency market coincide with the upcoming U.S. election. Historically, Bitcoin has shown a pattern of reaching new highs after surpassing previous records. However, investors should remain cautious, as geopolitical events could significantly impact Bitcoin’s price. For more in-depth insights on the current state of crypto, I decided to ask Tokenize Malaysia’s  CEO why Bitcoin prices haven't pumped to the moon! Watch the full video here .  Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Many people buy luxury goods to appear as if they belong to a higher socioeconomic class, especially middle-class consumers . But why do we feel so drawn to luxury items, even when they’re beyond our budgets? The answer lies in the clever, luxury brand marketing strategies luxury brands use to convince you that their products are “worth the splurge.” High-end labels have mastered the art of persuasion, using psychology and neuroscience to encourage consumers to spend beyond their means. In this article, we’ll break down these strategies, showing how they work and how you can avoid falling into their traps, while keeping your finances in check. What is Luxury Brand Marketing? Luxury brand marketing is all about positioning products as superior and exclusive . It’s not just about selling items; it’s about selling a lifestyle. Successful luxury brand marketing makes consumers feel like they’re not just buying a product—they’re buying into an elite, aspirational world of high status individuals. Status as a Driver for Consumption The main motivation behind purchasing luxury goods is often the desire for social status . People buy luxury items to improve their standing in society, seeking admiration and respect. These products become tools for social comparison, allowing individuals to set themselves apart. Luxury goods allow consumers to signal wealth and success , either to fit into a desired social group or to stand out. This behaviour is influenced by the snob and bandwagon effects—where people either want to differentiate themselves or follow trends. The Psychology Behind Luxury Brand Marketing Luxury brands don’t just sell products—they sell status, prestige, and an exclusive lifestyle . Here’s how they do it: 1. Perceived Scarcity in Creating Urgency One of the most powerful techniques in luxury brand advertising is creating the illusion of scarcity. You’ve probably seen phrases like “Only one left!” or “Limited edition!” These terms trigger fear of missing out (FOMO)  and make the product seem more valuable. Even though many luxury goods are mass-produced, brands make them appear rare . This strategy convinces consumers that these products aren’t accessible to everyone, increasing their allure. 2. Price Anchoring Price anchoring is another common tactic. High prices are used to convince you that a product is valuable. For instance, a $3,500 luxury handbag might cost only $57 to produce, but the high price makes you believe it’s special. Luxury brands use their opulent store settings and strong reputations to reinforce this idea. The association of high price with high value tricks you into thinking the product is worth it , even if the cost doesn’t reflect its true value. 3. Sensory Appeal From the moment you walk into a luxury store, everything is designed to make you feel special . The lighting, music, and personalised service all create an immersive experience that appeals to your senses. This is a key tactic in luxury brand advertising, designed to forge an emotional connection with the brand. By engaging your senses, luxury brands make the shopping experience pleasurable and memorable, increasing the likelihood that you’ll make a purchase. 4. Social Proof and Celebrity Influence Luxury brands often rely on social proof and celebrity endorsements to drive demand. When you see a celebrity using a luxury product , it makes you want to own the same item. This tactic makes you feel like buying the product will elevate your status. Celebrities and influencers are often seen promoting luxury brands in advertisements or on social media , creating an association between the product and high social standing. This drives consumers to buy the same products in an attempt to gain that sense of belonging or prestige. 5. Limiting Supply of Products Some luxury brands take scarcity a step further by deliberately limiting the availability of their products . By making items harder to get, they enhance the perception of exclusivity. Consumers are willing to pay a premium just to own something that’s perceived as rare, turning it into a status symbol. The Financial Toll on Consumers While these marketing strategies are highly effective, they can lead to overspending and financial strain, especially for middle-income consumers. The pressure to keep up with trends pushes people to spend more than they can afford. Buying luxury goods might bring short-term satisfaction, but the long-term consequences can be harmful. The excitement of owning a luxury item fades, leaving behind debt and regret. Many consumers justify overspending because they believe luxury equals success, but this can lead to financial stress and a diminished sense of security. How to Avoid Falling for Luxury Brand Tactics Now that you know how luxury brand marketing works, here are a few strategies to help you avoid falling into the traps these brands set: 1. Recognise the Tactics Understanding how luxury brands use strategies like scarcity, price anchoring, and social proof helps you resist their influence. Once you realise these are just tricks to make you spend more, you’ll be more mindful of your buying decisions. Awareness is the first step to making smarter choices. 2. Set a Budget Before shopping, especially for high-end goods, set a spending limit. This will prevent impulsive purchases and ensure you stay within your financial means. Even in an enticing luxury store, having a budget gives you the discipline to say no to items that may cause financial strain. 3. Focus on Value, Not Status Ask yourself: Are you buying the product because it offers real value or simply for the brand name? Often, more affordable alternatives provide the same quality without the high price tag. Prioritising value over status will keep you grounded and help you avoid unnecessary purchases. 4. Take Time to Reflect Don’t make luxury purchases on impulse. Give yourself time to think about whether you really need or want the item. A cooling-off period of a few days or a week helps you think clearly about whether the purchase is worth it. You’ll often find that the urge to buy fades over time, saving you from regret later. 5. Consider Alternatives There are many high-quality alternatives to luxury brands that don’t come with the hefty price tag. By exploring these options, you can get similar satisfaction without overspending. Researching alternatives also helps you avoid falling for the idea that luxury is the only way to get quality. Conclusion Luxury brands are experts at making you believe their products will elevate your status and self-worth. Through clever psychological tactics and luxury brand advertising, they create an air of exclusivity and urgency, convincing you to buy now. At the end of the day, all of us have freewill to decide if you want to splurge on a luxury good or not. However, by understanding these strategies, you can take control of your spending and make smarter purchasing decisions. Remember, real luxury isn’t about the brand you wear— it’s about the financial freedom and security you create for yourself. Stay informed, make wise choices, and focus on what truly matters for your long-term financial well-being. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.  Reference Links: Stephanie Harlow, The luxury market in 2023: what brands should know, 30 August 2023, https://blog.gwi.com/trends/luxury-market/ David Dubois, Sungjin Jung, Nailya Ordabayeva. The psychology of luxury consumption. Current Opinion in Psychology, 2021, 39, pp.82 - 87 , https://hal.science/hal-03491184/document Fulfilling social needs through luxury consumption   The consumer psychology of luxury brands: An in-depth look   How to Use the 5 Senses In the Retail Experience | CO- by US Chamber of Commerce   The Future Of Fashion: Apparel And Luxury Brand Marketing In Post-Corona Times   Cultivating Desire: Strategies in Luxury Brand Marketing   How Luxury Consumers Think: Uncovering The Psychology Of High-End Shoppers   (PDF) Analysis of Luxury Brand Marketing Strategies Based on Consumer Psychology

Let’s face it—nobody likes being in debt. It feels scary because it means owing money and being tied to obligations. But let’s be real: most of us will encounter debt at some point in our lives. After all, how many people can afford to buy a house or car with cash these days? I’m here to tell you that not all debt is necessarily bad. Surprised? Hear me out. Minimising debt is important, but there is a difference between good debt and bad debt. Good debt can offer you long-term financial benefits, while bad debt can harm your finances. In this article, I’ll help you understand what good debts and bad debts are, along with some examples. Let’s dive in! Is there such a thing as good debt? Short answer: yes. Although having debt is not exactly everyone’s first choice, I would argue that certain types of debt can offer you significant returns in the future. What is a good debt? Good debt is something that helps you improve your financial health over time . It is often associated with investments that have the potential to appreciate or generate income. The main characteristic of good debt is that it’s used for a purpose that will provide you with long-term value or benefits. In Malaysia, several types of debt are generally considered good and can help improve your financial health over time: 1. Home loans (mortgage) A mortgage loan can be considered good debt in Malaysia due to its potential for asset appreciation, income generation, low-interest rates, and the ability to build equity over time. For example, let’s say a homebuyer in KL pays RM1,500 monthly for their mortgage. If they rent out the property for RM2,000 a month, they’ll make a profit of RM500. So, even if the market is slow, first-time homeowners can explore house-sharing with tenants to help cover the mortgage. This will not only help reduce the mortgage burden but also save on what would have been spent on renting another place. While it is essential to manage your mortgage debt responsibly, it can also be a valuable investment tool for your long-term financial growth. (Find out the three simpler ways you grow your wealth in the property market. ) 2. Student Loans Taking a student loan to further your studies is considered good debt. In general, having a better education increases your chances of being hired for a better career and earning a higher salary. According to the Khazanah Research Institute , the median salary for tertiary-educated employees (including both diploma and degree holders) was RM3,794, compared to RM1,797 for those with only secondary education. In Malaysia, PTPTN loans  are designed to help students from lower-income families repay their loans over a longer period of time. They provide borrowers with a flat interest rate of 1%, which is significantly lower compared to conventional bank loans. For example, if a student borrows RM50,000 for a repayment period of 15 years, the total interest paid would amount to RM7,500, resulting in a monthly repayment of approximately RM319.44. This way, children from B40 or M40 families stand a chance of becoming more educated and finding better-paying jobs without the burden of immediate loan repayment. 3. Business Loans Borrowing money to start or expand a business in Malaysia can be considered good debt if the venture is successful. One benefit of business loans is they provide you with the necessary capital to fund operations, purchase inventory, or invest in equipment—all important for growth. Unlike equity financing, taking a loan does not require giving up ownership or control of the business, which allows entrepreneurs to retain full authority over their ventures. They can also serve as a financial safety net, providing funds during unforeseen circumstances or downturns. So, if your business generates income and grows in value, the debt will be worth it.  4. Car Loans  While a car may lose value over time, taking out a loan to secure transportation for yourself is still considered good debt. Having a car is essential for mobility; it makes it easier to commute to work, run errands, and access a broader range of employment opportunities. Additionally, successfully managing your car loan can help build your credit score. Car loans often come with competitive interest rates and flexible repayment terms, allowing borrowers to finance a vehicle without straining their finances. What is bad debt?  Bad debt is debt that can negatively impact your financial health. It often involves: High interest rates, usually over 6% Excessive borrowing compared to your income or credit limit Purchases that do not appreciate in value or generate future income In other words, bad debt is money borrowed to finance things that lose value quickly, like clothes, luxury cars, vacations, boats, and most consumer goods. It also includes debt that becomes too large to repay comfortably. 1. Credit Card Debt Credit cards are a popular financial tool, but they can easily lead to bad debt if not managed properly. Credit cards often have high interest rates, sometimes over 20%. Many individuals in Malaysia are struggling with credit card debt; as of June 2024, we have a credit card debt of RM3.74 billion ! The convenience of credit cards can lead to overspending due to impulsive purchases, resulting in debt that exceeds your ability to repay. If you carry a balance from month to month, the interest can accumulate quickly. Carrying a large balance can be costly and hurt your credit score. High credit utilisation (the ratio of your credit card balances to credit limits) can negatively affect your credit score, making it harder to secure loans in the future.  (Find out how to make your credit card work for you .) 2. Payday Loans Payday loans are short-term, high-interest loans designed to cover urgent expenses until the borrower receives their next paycheque. These loans often come with interest rates that can exceed 400% annually, making them one of the most expensive forms of borrowing. Borrowers may find themselves stuck in a cycle of debt by taking out new loans to pay off old ones.  3. Gambling Debt Engaging in gambling can lead to substantial financial losses and personal hardship. It is estimated that Malaysians lose around RM3 billion annually to gambling activities , with a significant portion of that amount leading to debt. Unsecured personal loans without collateral can be risky, especially if the borrower struggles to make repayments. Beyond financial implications, gambling debt can lead to emotional distress, relationship issues, and social isolation. In some cases, individuals may resort to illegal means to cover their gambling debts, leading to legal troubles. Tips for Managing Debt Effectively: Create a Budget: Track your income and expenses to understand your financial situation and identify areas where you can reduce spending. Prioritise Repayments: Focus on paying off high-interest debt first to minimise interest charges. Avoid Excessive Borrowing: Only borrow what you can afford to repay and avoid taking on multiple loans at once. Seek Professional Help:  If you're struggling to manage your debt, consider consulting with a financial advisor or credit counsellor. (Learn how to effectively pay off your debt !) Conclusion Understanding the difference between good and bad debt is a must in your financial journey. While good debt can be a valuable tool for achieving your financial goals, it's important to balance it with responsible borrowing habits. Although certain debt is considered good, having excessive debt will still create financial strain and limit your ability to handle unexpected expenses. So as always, please do your own research before making any financial decisions. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

On September 9, 2024, 99 Speedmart is set to make a significant move in Malaysia’s retail market with its Initial Public Offering (IPO) . The company plans to raise RM2.36 billion, making it the largest IPO in Malaysia since 2017 . With over 2,600 outlets serving 1.1 million customers daily, 99 Speedmart is a retail powerhouse . In conjunction with this news, this article shall break down the key details of the 99 Speedmart IPO, including its: 1. Brief Backstory 2. Their Business Model 3. Important IPO Related Numbers 4. Financial Metrics and Market Valuation 5. Growth Plans from IPO Proceeds 6. Benefit for Malaysia’s Economy 7. Challenges Post-IPO Want to Learn More About IPOs? Need a quick overview of IPOs and how they can impact your portfolio?  Check out our article: What You Need to Know About Investing in IPOs   or F.A.Q Show's An IPO Walkthru video  that can provide deeper insights into the IPO process, potential benefits, and risks, helping you make informed decisions when considering investments like 99 Speedmart. The Story Behind 99 Speedmart’s Success How did 99 Speedmart reach this monumental milestone? The journey began with its founder, Lee Thiam Wah. After contracting polio at 8 months old , Lee was left with a physical disability, facing significant challenges growing up. However, his determination and entrepreneurial spirit led him to create Malaysia’s largest mini-market chain. Driven by his belief in hard work and community service, Lee expanded that small grocery into what is today known as 99 Speedmart , Malaysia’s largest chain of mini-markets. Over the years, the company has grown to operate more than 2,600 outlets  nationwide, catering to millions of customers. 99 Speedmart’s success is built on three core values: affordability , accessibility , and excellent customer service . These values continue to guide the company’s operations today, making it a trusted name in Malaysia’s retail landscape. What’s Their Business Model? 99 Speedmart operates in the retail industry, specifically as a chain of mini-markets . They cater to the daily needs of consumers by providing a wide range of grocery and household products, emphasising convenience and affordability .  This is where their business model is centred around high-volume, low-cost retailing. By offering essential products at competitive prices , 99 Speedmart can attract a broad customer base, including those who are budget-conscious. The company has strategically leveraged economies of scale  to maintain its market dominance. Through an extensive network of distribution centres  and advanced logistics systems , 99 Speedmart ensures affordability and efficiency in its supply chain. Important IPO Numbers What makes the 99 Speedmart IPO so significant ? Here are the key numbers: • RM2.36 Billion: The amount 99 Speedmart aims to raise, signalling ambitious expansion plans. • RM1.65 per Share:  The price for each of the 400 million new shares, designed to appeal to a wide range of investors, including retail and institutional investors. • RM13.9 Billion: Expected market capitalisation post-IPO, placing 99 Speedmart among Malaysia’s retail leaders. • 55% Investor Backing: The IPO has strong support from government-linked companies and major asset managers, a positive signal of confidence from established investors. 99 Speedmart’s Market Valuation Aligns with Top Brands - Nestlé and MR DIY In FY2023, 99 Speedmart reported a net profit of RM400.2 million (4.76 sen per share) , giving it a Price-Earnings Ratio (PER) of 34.7 times . The company’s profit has grown at a Compound Annual Growth Rate (CAGR) of 13.3% over the past three years, resulting in a Price-Earnings Growth (PEG) ratio of 2.6 times. This valuation aligns 99 Speedmart with top Malaysian consumer stocks like Nestlé and MR DIY. Therefore, it doesn't just signals that 99 Speedmart is not just profitable , but also shows strong potential for sustained growth . This growth trajectory is one of the key reasons why the 99 Speedmart IPO has attracted so much attention. Solid Financial Footing Another reason for investor interest is because, as of March 2024, 99 Speedmart had a net cash position of RM27.8 million, with RM78.5 million in cash against RM50.7 million in borrowings. This solid financial footing allows the company to manage debt efficiently and reinvest in growth, making the 99 Speedmart IPO even more attractive. The ability to manage debt and still have capital for growth is a major factor that makes the 99 Speedmart IPO  an attractive proposition. The company’s solid balance sheet reduces risk for investors, making it a safer investment option compared to companies with higher debt loads. Big Investors on Board Post-IPO, Lee Thiam Wah and his wife will retain an 83% stake in 99 Speedmart, leaving 17% for public trading. Among this, 14 cornerstone investors , including AHAM Asset Management, AIA, EPF, and Perkeso, will hold 9.35% of the company.  Additionally, a moratorium  will be placed  on the shares held by Lee and his wife, restricting their sale for a specific period. This ensures ownership stability  and reassures investors about the company’s long-term growth prospects. Oversubscribed IPO by 3.04 Times 99 Speedmart isn’t just another retailer—it’s a leader in Malaysia’s mini-mart industry, holding a 40.1% market share as of 2023. The RM2.36 billion raised from this IPO is set to fuel further growth with expansion and infrastructure upgrades . The strong market interest in 99 Speedmart’s IPO is evident as the IPO was oversubscribed by an impressive 3.04 times , reflecting  high investor confidence in the company’s potential . However, it also means competition for shares will be fierce, possibly driving up the share price once the stock is listed. Growth Plans for 99 Speedmart How will 99 Speedmart use their IPO proceeds to grow the business further? Here are the notable plans: • Aggressive Store Expansion: RM389 million to open 250 new outlets annually until 2025, increasing the total to 3,000 stores. This expansion will enhance the company’s accessibility and market presence. • Strengthening Supply Chain: RM100 million will be allocated to building new distribution centres to support the expanding network. These facilities will support the expanding store network and help maintain product availability. • Upgrading Existing Stores: RM47.6 million to modernise existing outlets and enhance customer experience. This will improve the customer experience  and help  maintain loyalty  in a competitive retail landscape. • Debt Reduction: RM45 million to lower debt and strengthen financial stability as they will allocate approximately 6.8% of the gross proceeds. It helps to repay 14 term loan facilities with Alliance Bank Berhad, while pursuing more aggressive growth plans in the Malaysian retail market scene.  How the 99 Speedmart IPO Benefits Malaysia The 99 Speedmart IPO is not just a financial event to raise funds; it holds broader significance for Malaysia’s economy: • Boosting Investor Confidence: A successful IPO could attract further investments in Malaysia’s retail sector . When a major player like 99 Speedmart performs well, it often attracts more investments , leading to innovation and competition. • Creating Jobs: Expansion will create jobs, particularly in less developed areas, helping lift more people out of unemployment and stimulate local economies, further boosting consumer spending. • Improving Supply Chains: With new distribution centres on the horizon, 99 Speedmart could set new benchmarks for supply chain efficiency in Malaysia’s retail industry. More efficient supply chains can lead to better product availability and potentially lower prices for consumers . • Supporting Local Brands: With more stores and increased purchasing power, 99 Speedmart can give local products more shelf space, helping smaller Malaysian brands reach a wider audience. This support could lead to higher sales for local manufacturers and suppliers , providing them with the stability needed to grow. Challenges Post-IPO While the prospects for 99 Speedmart are promising, few challenges could impact the company’s profitability: Intense Competition: The retail sector in Malaysia is highly competitive. If 99 Speedmart cannot maintain its pricing or convenience advantage, it risks losing market share to larger players like supermarkets and hypermarkets. Supply Chain Disruptions:   Like all retailers, 99 Speedmart is vulnerable to supply chain issues. Disruptions, whether due to global events or logistical challenges, could lead to stock shortages and increased costs. Labour-Intensive Operations:  99 Speedmart relies heavily on human labour. Delays in automation or rising labour costs could impact the company’s profit margins and growth potential. Final Thoughts The 99 Speedmart IPO  represents a significant milestone in Malaysia’s retail sector. With strong financial backing, ambitious growth plans, and a solid market position, the company is well-poised for future success. However, as with any investment, it's essential to consider the risks, including market competition , supply chain disruptions , and reliance on labour . As the IPO date approaches, we encourage you to do your own research (DYOR)  to assess how the 99 Speedmart IPO  fits into your financial strategy. The decision should align with your investment goals  and risk tolerance . Disclaimer:  The information provided in this article is for educational and informational purposes only and should not be construed as financial or investment advice. Please consult with a qualified financial advisor or do your own research before making any investment decisions. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals. Reference Links: Who Is Lee Thiam Wah - The Man Behind 99 Speedmart? | TRP The Edge Malaysia - 99 Speedmart’s Financial Metrics The Star - 99 Speedmart IPO Oversubscribed 99 Speedmart Prospectus 99 Speed Mart IPO to raise RM2.3b, largest IPO in seven years 99 Speedmart IPO likely priced around RM1.20 to RM1.50 per share 99 Speed Mart files for IPO, seeking minimum public shareholding spread of 15% 99 Speed Mart mulling IPO at up to RM1.5 bil value, say sources 99 Speedmart SWOT Analysis - The Strategy Story 99 Speed Mart's IPO, Malaysia's largest in 7 years, oversubscribed 3.04 times | The Star

Our global landscape has been long dominated by the G7 nations ; however, a new coalition is beginning to make significant waves. I’m talking about BRICS—an informal coalition that has grown into a powerful alliance comprising Brazil, Russia, India, China, and South Africa. Together, these countries make up about 36% of the global GDP  and 47% of the global population. This coalition has transformed into a serious contender against the G7 nations and is beginning to attract interest from other nations, like Malaysia , to join the movement. What Does This Mean for the World? As BRICS continues to gain strength, it’s changing how global power is distributed. Countries, including those in Southeast Asia like Malaysia, are now thinking about their alliances and considering whether to join BRICS. The rise of BRICS is reshaping global politics, moving away from a Western-dominated world to one where emerging economies play a crucial role. BRICS represents a shift in global influence, introducing new dynamics into international relations. It’s a story of ambition, change, and a desire to rewrite the rules of the game. As this alliance grows, it’s clear that the global balance of power is shifting, and BRICS is at the forefront of this new world order. Should Malaysia Actually Join BRICS? The rise of BRICS represents a significant shift in the global power landscape. As Brazil, Russia, India, China, and South Africa assert their influence, they challenge the long-standing dominance of the G7 nations and introduce new dynamics into international relations. But what does this mean for Malaysia? Is it a trap or an opportunity? Watch my full video  on the Mr Money TV  channel, where I go in-depth into this topic. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Have you ever felt like you’re stuck in a loop of work and stress? That’s exactly what the rat race is—a constant loop of striving without truly living. This phenomenon is marked by the relentless pursuit of success, often at the cost of your well-being and happiness. Sadly, this is the reality for many Malaysians , and I can’t help but feel it stems from an early stage in our lives—school. What if I told you that there are things school failed to teach you? In this article, we’ll get into the 5 things school failed to teach you about money—but definitely should have!  1) You Don’t Need a Reason to Save Money This may seem obvious to some but to others, not so much. People often save only when they have a goal in mind, be it a house, a car, or even a wedding. It makes sense to save for a predictable goal but the world we live in is unpredictable. Practicing the habit of always setting money aside even when it doesn’t have a specific purpose, can buy you protection, flexibility of time, and mental peace when life decides to throw you a curveball with unexpected expenses coming up.  2) Money Can’t Buy Happiness, But it Buys Choices  There’s a common myth that money buys happiness. But here’s the truth: money buys choices. The freedom to live where you want, to work how you want, and to spend time with the people you love. But if you’re just stacking cash for the sake of it, you might end up feeling empty. The fact is, money is a tool to help you achieve your goals and shape the life you want. Being in a financially secure position will allow you to use money as a tool to create a life that makes you happy, not just to fill up a bank account. “True wealth is the ability to underwrite a meaningful life.” - Brian Portnoy 3) You are Your Most Valuable Asset  We’re often taught that money comes from a salary, an allowance, or maybe some smart investments. But here’s the real deal: money comes from you—your skills, your time, your ideas (you are likely exchanging these for money). Whether you’re working for a company or running your own gig, the more valuable your skills or time are, the more you can earn. So, the best investment you can make is in yourself. Learn something new, get better at what you do, and watch how your value—and your income—grows. 4) Understand Inflation Inflation is like a thief in the night, quietly stealing the value of your money. That million bucks today won’t be worth nearly as much 30 years from now. That’s why you need to invest. If you want to grow your wealth, you need to invest in assets that give you returns above the rate of inflation. If you’re more focused on preserving your wealth, aim to match or slightly beat inflation with safer investments. The key is to make your money work for you, not just sit there and lose value.  It's basically a one-way ticket to a sure-fire way of losing the buying power of your wealth. Cash is king in the short term but a pauper in the long term. 5. The Power of Compounding Sure, we may have learnt about compounding in Math class, but our teachers never taught us about how it applies to money. Especially when you invest early. Starting your investment early is more important than finishing strong. As Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it earns it; he who doesn’t pays it.”  The Bottom Line So, there you have it. These are just a few things about money that school never taught us but are crucial for building a secure financial future. The reality is, escaping the rat race isn't just about working harder—it's about working smarter. It's never too late to start applying these principles. The sooner you take control of your finances, the sooner you can design the life you truly want. Subscribe to our   financial newsletter   for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

The stock market offers a myriad of investment options for investors. Among these options are small-cap stocks. Based on our last episode, I sat down with Frankie from the FAQ Show  to share his insights as an ex-investment banker about small-cap stocks, a segment of the market often overlooked by many investors. Key Takeaways on Small-Caps Stocks ft. Frankie from the FAQ Show 1. Untapped Potential Small-cap companies, often fly under the radar but have the ability to offer significant growth opportunities. Unlike large-cap stocks, which are widely covered and have less room for dramatic price swings, small-cap stocks can deliver massive gains as they are often undervalued and less known. 2. The Importance of Great Direction When it comes to small-cap stocks, the leadership driving the company is crucial. The direction set by the top management often determines whether the company can realise its growth potential. Understanding who is at the helm and their strategy is key to identifying a potential winner. 3. Growth Catalysts Companies like Karex , D&O , UMC , YBS , PA Resources , and QES each have unique stories and growth potential. From Karex’s pivot to branded products, D&O’s potential windfall from new oil fields, and YBS’s bold move into battery manufacturing, these companies are all positioning themselves for significant growth. 4. Risk and Reward of Small Caps Investing in small-cap stocks comes with its own risks, such as competition, market volatility , and client concentration. However, the rewards can be substantial for those who carefully analyse these factors and make informed decisions. 5. RHB Small Cap Jewel The RHB Small Cap Jewel book is a highly regarded resource in the industry, curated to highlight undiscovered gems in the market. This book has a track record of identifying companies that go on to outperform the market, making it a must-read for investors looking for the next big opportunity. Sign up here  to grab your copy of RHB’s 20th Anniversary Small Cap Jewel. Learn more about potential market leaders and how you can spot hidden gems for your portfolio. Watch the full episode here .  Interested in diving deep? Check out our full article on investing in small caps ! Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Are you confused about the difference between investing and trading? You’re not alone. Many people use these terms interchangeably, but they have distinct meanings and implications. If you’re unsure how to differentiate between the two, don’t worry—we’ve got you covered. In this article, you’ll learn the key differences between trading and investing, so you can decide which is a better fit for you. Key Differences: Investing vs Trading Characteristics Investing Trading Objectives Focusses on time in the market. Investing involves buying assets with the intention of holding them for the long term to build wealth gradually.  Focusses on timing the market. Trading involves buying and selling assets frequently, usually within short time frames, to capitalise on short-term market movements. Time Frame Generally done for long-term (years to decades)  Typically more short-term and time-sensitive (minutes, days, weeks) Strategy  Investors place emphasis on fundamental analysis, understanding company financials, and industry trends. Traders rely heavily on technical analysis, charting, and pattern recognition.  Returns Returns come from appreciation in asset value, dividends, or interest over an extended period.  Returns come from quick profits made by taking advantage of price fluctuations.  Examples of Investment Styles include: Value Investing: This long-term strategy involves buying undervalued stocks and holding them until they reach their potential value. Growth Investing:  Focuses on investing in companies that exhibit signs of above-average growth, even if the stock price appears expensive. Income Investing: Prioritises investments that generate regular income, such as dividends or interest. Examples of Trading Styles include: Day Trading: Involves buying and selling securities within the same trading day, aiming to capitalise on short-term price movements. Swing Trading: Involves holding positions for several days to weeks to benefit from expected price movements. Scalping:  Focuses on making numerous small profits throughout the day by holding positions for very short periods. Which is More Profitable? Profitability in both investing and trading depends on various factors, including market conditions, individual skill, and strategy. Investing often yields substantial returns over a long period of time through compound growth. On the other hand, trading is potentially more profitable in the short term; however, it involves much higher risks and requires a deeper understanding of market dynamics and timing. Which is Better for Beginners? The choice between investing and trading depends on your risk tolerance, financial goals, and how much time you’re willing to commit. If you have a lower risk tolerance and want steady growth, investing might be more suitable for you. Investing aligns well with long-term goals like retirement or buying a home, as it requires less time and effort once your decisions are made. On the other hand, if you enjoy a challenge and prefer to be more actively engaged in the markets, trading could be a more attractive option. Trading suits those who have short-term goals or who thrive on the excitement of the markets. However, keep in mind that trading demands continuous attention and quick responses to market changes, which can be time-consuming and require a higher risk tolerance.  Ultimately, the best choice depends on your personal preferences and financial objectives. Warren Buffett, one of the most successful investors of all time, is famous for saying: “If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.” In other words, time in the market beats timing the market. If you’re looking to start investing or trading, platforms like moomoo  and M+ Global provide user-friendly interfaces and a wide range of investment tools to assist with your financial decisions. Both platforms cater to both investors and traders, offering the ability to invest in stocks, ETFs, bonds, and more, all with just the touch of a button. (We’ve done the research for you!—find out which Malaysian broker is the best fit for you in our full review article .) Conclusion Many people often confuse investing with trading, and it’s easy to see why. Both involve opening an account, depositing money, and buying and selling assets. However, they differ significantly in terms of time horizons and risk levels. For beginners, investing is generally the safer choice, given its lower risk and longer-term focus. It allows you to build wealth gradually without the intense pressure of day-to-day market fluctuations.  Whether you choose to invest or trade, it’s crucial to be aware of both the rewards and the risks involved. Risk comes from not knowing what you are doing, so always make sure to do your research and consider your financial goals before making any decisions.  Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

What a time to be alive! We live in an era where, if our jobs aren’t fulfilling, we have other avenues to explore. You don’t need to be locked into one career path until retirement. If you’re considering a career change, why not take a course or attend a workshop to transition into something completely new—like becoming a full-time trader? If this sounds like the opportunity you’ve been waiting for, keep reading. Bursa Malaysia is back with the Futures Trading Apprenticeship Programme (FTAP)!  Acquire the skills needed to trade full-time in Malaysia's dynamic derivatives market.  Led by seasoned professional traders, FTAP is an immersive learning programme designed to equip you with the foundational trading knowledge and hands-on experience required to become a successful trader. The programme kicks off with two days of classroom training, where you’ll dive into Malaysia’s fast-paced derivatives market. After that, you’ll hit the ground running with 10 days of hands-on experience at the Bursa Trading Arcade . You’ll get to live the life of a real trader, while being mentored by professionals, and practice in simulated live conditions. The 3rd intake of FTAP is now open to Malaysians with a diploma as the minimum educational qualification. Programme Details: • Classroom Training: 12 - 13 October 2024 (2 Days) • Bursa Training Arcade:  14 - 25 October 2024 (10 Days) • FTAP Intake and Fees: 19 August - 8 September 2024 • Programme Fee: RM621 (inclusive of 8% SST) Don’t miss your chance to be a part of this exclusive programme! Only 30 spots are available, so make sure to apply now on   Bursa Malaysia’s website   to secure your spot in the Futures Trading Apprenticeship Programme. *Terms and conditions apply.  Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Merdeka promotions are in every corner; there’s a plethora of irresistible deals and discounts that can make even the most disciplined shopper give in to temptation. But while it’s easy to get caught up in the excitement, staying financially smart during this period is still important. A few good tips to remember before you shop would be to set a budget , make a list of what you plan to buy (and stick to it!) , compare prices, and take advantage of cashback and reward programmes . As you shop, do keep track of your spending , and don’t let the pressure of flash deals sway you into purchasing something unnecessary. A good deal is only valuable if it aligns with your needs and financial goals. Now, let’s dive into the exciting part! To celebrate our 67th Independence Day, I’ve highlighted some special offers in conjunction with Merdeka and Malaysia Day. Shop smart, and don’t miss out on these fantastic deals! 1. Groceries KK Mart - Merdeka Promo 2024 Whether you're stocking up on groceries, essentials, or indulging in treats, the Merdeka Special Promotion at KK Super Mart  has you covered! Promotion Period: 4 August – 2 September 2024. Available at all outlets, except excluded locations . While stocks last. 2. Pharmacy Watsons To celebrate the National Month, #WatsonsMalaysia is offering an 80% discount on your second product*! Promotion Period: 6 August – 4 September 2024 (Peninsular Malaysia), 13 August – 11 September 2024 (Sabah & Sarawak). Available online and in stores. Free unique tote bag with purchase. Stand a chance to win the Cuti-Cuti with Traveloka  campaign.  3. Travel Klook - Klook Dulu As part of their #KlookDulu campaign, Klook is rolling out three exciting promotions this season: Discover Negaraku Promo:  Save up to RM499 on domestic travel. (19 – 31 August 2024) Merdeka Deals: Up to 31% off with no minimum spend on 31 August at 12 pm. 9.9 Big Sale:  RM9 deals on 9 September 2024. Jom Cuti Sekolah: Enjoy the best activities under RM50 in Malaysia. (10 – 22 September 2024) Buy 1 Free 1 Sale: Available on 16 September 2024. 4. Travel TouchN’GO: MotoInsure Cashback Campaign Need to renew your roadtax? You can get rewarded with up to 10% cashback  when you renew your motocycle road tax and insurance via MotoInsure .  Use promo code the MY2024  before you check out. 5. Electronics Samsung: Gemilang AI 2024  If you’re looking for a smart upgrade, then this promotion might be for you. In conjunction with Merdeka Day, Samsung is rolling out their Gemilang AI for All 2024 promotion with deals on Samsung TVs, selected Sound Devices and selected Digital Appliances (DA) products Promotion Period: 1 August to 30 September 2024 Exclusive Gifts: Get exclusive gifts worth up to RM1299 such as Galaxy Watch, Galaxy Fit3, with your purchase of selected TVs or selected home appliances.  AI Points & TNG e-wallet Credit: Redeem TNG e-wallet credit worth up to RM800 when you purchase AI devices to earn AI points. ALL IT Hypermarket: Merdeka Sales Get ready to bag some of the best deals in tech at ALL IT Hypermarket’s Merdeka Sales. Promotion Period: 16 August – 1 September 2024. Featured Gifts and Vouchers: Free Byte Keychain with a minimum spend of RM300. Free 1-year Byte Membership with a minimum spend of RM600. Use code MERDEKA25 for RM25 off with a minimum spend of RM1,000. Discounts of up to 50% on Featured Products: Sony SRS-XB23 Portable Bluetooth Speaker: Now RM299, down from RM499. AOC 27G4 (27") Gaming Monitor: Now RM619. MSI Thin A15 (B7UC-237MY) Gaming Laptop: Now RM3,399, down from RM3,699. And so much more ! 6. Books Book Xcess: Merdeka Deals This one is for the bookworms! Get 31% off on every fourth book you purchase. Throughout the month of August.  Promotion Period: 1–31 August Valid at BookXcess branches in Tropicana Gardens Mall and LaLaport Bukit Bintang City Centre. 7. Investment TouchN’GO: Unit Trust Merdeka Campaign 2024 Touch 'n Go is offering an EXTRA 8.31% p.a. reward * on top of your investment when you invest a minimum of RM2,000 in any Principal Invest  funds through your eWallet. Campaign Rewards & Mechanics How It Works : Launch your TNG eWallet, find the Investment tile, and select Principal, or tap directly into Principal. Select any INVEST fund. Invest a minimum of RM2,000 in a single transaction or by activating the Auto Cash-In feature. The cash-in must be successfully completed within the campaign period. Enter promo code: MERDEKA Moomoo Malaysia: Merdeka Bersama Moo To celebrate its first Merdeka Day celebration, Moomoo Malaysia is offering welcome rewards where you can claim up to RM400*! * Terms and conditions apply. How it works: Receive one FREE NVDA Stock   when you open an account, deposit RM30,000* and complete 3 Buy Trades. Receive a cash voucher of RM400  and 0.3 NVDA Stock   when you open an account and deposit RM10,000* Get   a  RM100 cash voucher*  when you open an account and deposit RM1000. 8. Food & Beverages Last but not least, here are 16 Merdeka F&B promotions that you simply can't miss! Gong Cha Walk-in to your nearest Gong Cha outlet and enjoy 67% OFF your second cup of Gong Cha this Merdeka Day. Promotion date: 31st August 2024. T&Cs: Valid for walk-in orders only. Discount applies to lower-priced drinks Not valid for seasonal and smoothie drinks. Baskin Robbins Great news for ice-cream lovers! Celebrate National Day with Baskin Robbins and get 31% OFF on all your favourite ice cream. Promotion Period: 1 August - 31 August 2024 Buy any Single King ice cream or Junior Milkshake and get the second for only RM6.70. (Second item must be of equal or lesser value than first order.) Tealive: Tealive Merdeka Promo 2024 Tealive fans this one is for you! Enjoy your favourite Tealive beverage at RM6.70 this Merdeka season. Promotion Periods: Now until 1 September 2024 Drinks Included in RM6.70 Promo: Hokkaido Melon Tea Latte Hokkaido Melon Coco Signature Brown Sugar Pearl Milk Tea Bang Bang Milk Tea with Brown Sugar Warm Pearls Red Grape Juice with Aloe Vera Mango Fruit Juice Signature Coffee Signature Coco Lim Fried Chicken: 3 Days Merdeka Promo Feast your hearts out with Lim Fried Chicken this National Day! Promotion Period: 30 August - 1 September 2024 Grab any of these for RM36: 9 pieces of Fried Chicken 1 Juicy Fried Whole Chicken 4 Pieces L-Shape Fried Drumsticks T&Cs: Valid from for Dine-in & Takeaway only Subject to 6% SST & service charge. Not available at Sandakan's new outlet. Marrybrown: MB Enjoy savings up to 30% off with Marrybrown's Merdeka 2024 Promotion! Marrybrown Rakyat Bucket: Get 8 Ayam Goreng MB for RM31.80 on 31 August 2024 . Marrybrown 15% Gift Voucher + Jurassic World Pillow valid from 28 August - 6 September 2024. How to order: Download the Marrybrown app Select the nearest Marrybrown outlet for pick-up Order the Merdeka Deal from the app More awesome Merdeka deals here! Burger King: Kita Malaysia Merdeka Promo Drop by your nearest Burger King outlet to enjoy a free Iced Milo! Promotion Date: 31 August 2024 Buy 1 Iced Milo, Get 1 Free Offer is not available for home deliveries. Gigi Coffee Get ready to savour your freedom with Gigi Coffee's 67th Merdeka Deals! Promotion Period: 26 - 31 August 2024 Limited Edition Merdeka Voucher: Enjoy RM3 OFF any beverage via the Gigi Coffee App. KFC: 31% Off on 9 Piece Chicken KFC is offering a 2 Days Only promo for your favourite fried chicken! Promotion Period: 30 - 31 August 2024 Enjoy 31% discount on 9-piece chicken RM5.50 for coleslaw or whipped potato . T&Cs: Use voucher on any drink from the menu. Available at all outlets except Mall of Medini, Genting Highlands, and airport branches. Offer is valid from 10 AM to 10 AM . Pizza Hut: Merdeka Deals 2024 Pizza lovers listen up! Grab your pizza fix from Pizza Hut this Merdeka month. Promotion Period: 26 August - 1 September 2024 Buy 1 Regular Pizza and get 1 Large Pizza FREE . T&Cs: Available for dine-in, takeaway or delivery. Available at all Pizza Hut outlets nationwide. Valid until 1 September 2024. Kenangan Coffee: Jom Enjoy 67% Off Unite together on this patriotic season with Kenangan Coffee's special offer. Promotion Period: 26 August - 1 September Get your 2nd cup at 67% off when you buy any regular or large size drink. T&Cs: Offer valid from 3 PM to 6 PM. Discount applies to the lower priced item in your order. Applicable for all handcrafted drinks exclusing Hot Teas, bottled drinks, food, and retail beans. Not applicable with any other ongoing promotions, discounts, vouchers or membership privileges. Not eligible for stamp(s) collection. Valid for all outlets in Malaysia except KLIA. Nestle: 31% Off ALL Nestle IceCream at KK Mart Craving for more ice cream? You're in luck! Head to your nearest KK Mart and indulge in your favourite Nestle Ice Cream flavours at 31% off. Promotion Period: 30 August - 1 September 2024 T&Cs: Available at all outlets, except excluded locations . Nando's: Every Bite Unites! Freedom never tasted this good! Get your friends and family down to Nando's for their Merdeka 2024 Promo. Promotion Date: 31 August 2024 Get a FREE Whole Chicken (worth RM67.90), in your favourite PERi-PERi flavour when you spend a minimum of RM 100 at any Nando's outlet ! T&Cs: 1 Redemption per table only. Dine-in only. myNEWS: 20% Off Selected Products Grab a snack at myNEWS this Merdeka Day and enjoy 20% off selected local-flavoured products! Promotion Period: 25 August - 31 August 2024 Support Lokal and Enjoy 20% off on these Local Flavour Products: Atok Gula Melaka Coconut Bun (4 pcs) Atok Red Bean Bun (4 pcs) Maru Pandan Coconut Cookie Maru Onde-Onde Nira Melaka Bun Maru Nasi Lemak Ayam Goreng Maru Nasi Lemak Maru Nasi Lemak Sambal Sotong Maru Mee Goreng How to claim: Download the myNEWS app and become a member to enjoy the promo! Daily Coffee: Buy 1 Free 1 Merdeka Promo! Grab your favourite caffeine fix or try something new with a friend! In celebration of Merdeka, Daily Coffee is offering an exciting buy 1 free 1 promo! Promotion Date: 31 August 2024 Eligible Locations: All Daily Coffee outlets in West Malaysia (except Bayan Baru) & East Malaysia outlets (Tawau outlet). KyoChon 1991 SHOUT FOR FREEDOM this National Day to enjoy free chicken from KyoChon 1991 ! Promotion Period: 31 August - 6 September 2024 Enjoy FREE 4pcs of Honey Garlic Boneless Chicken Bites with a minimum spend of RM70 in a single receipt. T&Cs: Shout “Merdeka, Merdeka, Merdeka! Saranghaeyo Malaysia!” Spend a minimum of RM70 in a single receipt. Valid at all outlets except Wisma Central, Damansara Perdana, Bandar Sri Petaling, Tanjung Pinang, Alor Setar & Miri. Limit to one redemption per table per transaction, while stocks last basis. Not valid with any on-going promotions and discounts. Beautea: Beutea X Shopee Merdeka Deal 2024 Great news for tea lovers! Celebrate Merdeka with Beutea with this tea-riffic Merdeka Deal! Promotion Period: 25 August - 31 August 2024 Grab these BEST SELLING beverages at only RM5.90 : Jasmine Green Milk Tea White Peach Bliss Oolong Milk Tea Yunnan Oolong Milk Tea How to Purchase: Search for #Beutea on Shopee . Select and purchase e-voucher. Redeem at any Beutea outlet. T&Cs: Redemption voucher is valid within 30 days of purchase. Limited to one redemption per table per transaction. Shopee e-voucher is not valid for mini program, GrabFood pickup, or delivery services. Not valid for any on-going promotions, discounts, vouchers, or free gifts. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.