One simple tool on Maybank website that can help you save money

Many people are having the problem of saving. They want to save and they know the importance of saving but in reality, they could not save. I once learn this from a motivation guru that if we want to change, we must target to change our action, then our behaviour and our attitude will change eventually. In order to start saving, don’t think about how hard it is. Start with the simple step. Once you start action, you will no longer think that it is hard. This is how our action changes our attitude and behaviour.

One tool that is available on Maybank website is “Goal Saving”. I found out this from one of my friends 2 years back and I have since been using this tool to automatic save the money that I won’t normally save. It looks something like this.

I hardly save money for leisure, hence I created a goal called “Play Jar” so that I will use the money for my holiday plans. I have another goal called “FFA” which stands for Financial Freedom Account. Once the small goal is reached, the money will be removed and transferred to my investment account. New goal will then be created again. The process will repeat.

To create goal, you just need to click the top right hand corner of “create goal” button, then the following box will pop up.

Select the type of goal and how you want to achieve it, either using a fixed amount every month or a fixed duration (which means your goal amount divide by the duration you set). Remember, the goal is to start the saving habit, once you have it, you will continue it. Happy saving!

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