Is it just me, or did RM50 used to last longer? Since the targeted RON95 subsidy changes kicked in last September, we’ve all been holding our breath. If you’re one of the lucky ones still paying RM1.99 per litre, you might think you’re safe. But then you go for lunch. The *Nasi Lemak* that was RM4.00 is now RM5.50. The Grab ride that used to cost RM12 is suddenly RM18.
Why Saving Is No Longer Enough
Key takeaways
- Rising cost of living outpaces savings account returns; you need 5-7% returns to beat inflation and grow wealth.
- Build three financial targets: RM12,000 emergency fund, RM292/month sinking fund, and RM650,000 retirement savings.
- Halal investing through diversified portfolios can help you outpace lifestyle inflation while staying Shariah-compliant.
- Start small with RM100 and automate monthly contributions to overcome the 'silent thief' of rising expenses.