Approximately 104 days has past since the first Covid-19 cases appear in China. The number of confirmed cases has reach 1,854,464 with 114,331 deaths. The worlds have no time to prepare for this pandemic and in turn send the world economy into chaos.
The United States is leading the world with 557,590 confirmed cases follow by Spain and Italy at 166,831 and 156,363 cases.
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.