KEEP SOME ‘FUN’ MONEY

CLEO (Malaysia) - - YOUR LIFE, YOUR RULES! -

One of the best ways to man­age your fi­nances is to divvy up your pay cheque into mul­ti­ple ac­counts, with one for your ex­penses, one for your long-term sav­ings and one for your liv­ing and en­ter­tain­ment — *cough* ASOS — costs. “You have to have a bit of fun, and need to al­low for en­ter­tain­ment,” says Ran­tall. He also ad­vo­cates putting some ex­tra funds into your su­per­an­nu­a­tion, so you can have fun in the fu­ture. “The last thing you want to do is get to re­tire­ment age, and not have the fi­nan­cial means to live a dig­ni­fied re­tire­ment,” says Ran­tall.

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