With the abolition of of petrol subsidy, implementation of the Goods and Services Tax (GST), and lately, the weakening Ringgit, Malaysians are grappling with the rising cost of living.
There are lifestyle adjustments we must make to survive, and investment is no longer an option but a compulsory money management practice to protect our money.
It is also more important to comb through different banking products properly, such as getting the right credit card that can help us save, or getting a fixed deposit account that will protect our emergency fund from eroding due to the rising inflation.
With close to nine out of 10 Malaysians think that we are facing a cost of living crisis, the anticipation for what Budget 2016 will bring is palpable.
Here are some surprising things that our Budget 2016 Sentiment Survey revealed:
So what do these results mean to Malaysians? Find out here.
And don't forget to watch comprehensive coverage of Budget 2016 from 3pm Friday, October 23 on Astro Awani channel 501. Full access to all #Bajet2016 stories and videos here.
This article is contributed by iMoney.my, Malaysia's leading financial comparison website. To compare and apply for the best financial products, such as credit card, home loans and personal loans, visit www.iMoney.my
