Covid-19: Most Malaysian Not Financially Prepare.

With Movement Control Order (MCO) is in effect. Most Malaysian have to work from home and some can’t even work. While some get paid for working from home, other have lost their source of income.

According to Bank Negara Malaysia (BNM), 75% of Malaysian Don’t even have RM1000 as emergency savings. The rule of thumb for emergency savings is 3 month paychecks. Meaning if you earn RM2000 per month, you need to have RM6000 as emergency savings.

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