Cash management

“Should I save or invest?” is a question that has been asked by many along their way to a future of sustainable personal finance. Either has its own pros and cons.

It is important to teach your children about the value of money, and how to spend and save money. This will help set the good habits for children, shape their personality from childhood, as well as prepare them with a necessary life skill.

Early financial management is a way to establish a sustainable foundation of property, thus enables you to achieve your future goals. Learning to save and balance between spending and saving, as well as to choose a productive investment channel, is a good practice to effectively manage your money.

In a world of spending pitfalls, your monthly income will quickly run out if you don’t know how to save. This is a challenge faced by not only the young but also the middle-aged who are thinking of ways to have a good amount of savings after retirement.