Alongside Malaysia’s aim of achieving ‘high income status’ by 2020 the Nation is also experiencing a worrying level of personal bankruptcies. Between 2011 and 2015, the total number of declared bankruptcy cases exceeded 28,000. Evidence reveals that a lack of emphasis on personal financial management skills from an early age is now having a hugely detrimental on the lives of individuals and their family’s right across the country.
This module provides an introduction to the most important aspects of personal finance planning and provides the tools to help individuals make better financial decisions. This will ultimately lead to a more secure lifestyle, especially in lead up to retirement, where sources of income dry up and wealth preservation becomes the utmost priority.