Proper financial management really matters at this bitter time

When fortunate Malaysians can still earn without going to work unlike some of us who face uncertain faith in employment, money is what matters the most for us to properly manage.

Financial management may be the must-pass subject in university, but do we actually apply what it’s learnt from the course especially when unwished troubles like we are currently facing today come all of sudden?

The COVID-19 happens for a reason that people don’t crazily spend their bucks like they are a billionaire’s only child.

Any new gadget that may be launched soon couldn’t even pull the buying lust of its loyal customers.

Even if a well-designed sedan were introduced in the market, none of car maniacs would drive it home as feeding their kids’ mouths is the only thing that really matters now.

The globe presently suffers an economic pain that is believed to be the worst in the history of mankind, and almost every country’s government starts tubing money to their citizens.

Many of us could be affected by the possible extension of the RMO, and one of the worrying concerns that haunts our night sleep is that how long the governmental aid we will receive could last.

Regardless of how much we earn in monthly salary, bad lucks like being suddenly unemployed could happen, and they won’t notify us, “You will be losing your job next week.”

With the Bantuan Prihatin Nasional, your financial loss caused by the RMO could be temporarily relieved, especially those whose earnings heavily depend on an overtime pay or sales commission.

Monthly salary banked into your account could be reserved for an emergency use in the future, and it doesn’t need to be fully withdrawn unless your due bills ‘threaten’ to disrupt your joyful stay-at-home life.

Managing money will be effective if you plant a fear in your mind that spending for unimportant stuff during this RMO will only frustrate your long-run financial survival.

The people’s aid that will be channeled to its eligible recipients starting yesterday will be beneficially helpful if they can wisely control where their money will go.

The aid may not be adequate for the next six months, but smart management of personal finance will save us from regretfully overspending it.

We have no idea of the durability of the catastrophic pandemic and until when our employers would stop breathing, but a careful spending made through a planned finance should be mutually exercised by all of us so that our money can be benefited for things that make us healthily happy.

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* Amerul Azry Abdul Aziz is an independent writer who now views politics as something that can be researched.

**The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the position of Astro AWANI.