I wrote a post before about the importance of having an emergency fund.
I’m following through with my own suggestion and I’m doing it myself with the help of my Tabung Haji account.
Personally, I think my Tabung Haji account is a good place for me to treat as a haven for my emergency funds.
Why? Mainly because:
1. It’s safe
2. Instead of just sitting there doing nothing, the money can earn me some dividends.
3. In a sense, it is easy for me to deposit and withdraw the money but also it’s an account that is a bit hard to access (because of no online banking, ATM, debit cards and etc. in my case), thus discouraging me from splurging the money.
Currently, I’m aiming for 6 months worth of expected salary (expected salary meaning how much I expect to earn when I get a job) to be saved there and I’m about halfway to my target.
It is also important to note that many financial experts out there recommends that you have an emergency reserves first before commencing on your investing journey. I happen to agree with them.
So, do you have your emergency money set aside already?
————————————–
Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.
Go to HOME
Go to SITE MAP
Go to DISCLAIMER
About nadlique
kalau nak bagi duit susah keluar, maybe ASB better kut?
tapi tabung haji pun ok jugak, nanti senang nak pegi haji.
ASB pun rasanya ok jugak kot. Aku rasa ikut individu tu la kot.
Tapi ye la, kalau dgn tabung haji, at least ada dah savings utk pergi haji nanti.
hmm i never think bout this. gee..thanks for this good idea. i think i need to make 1 for my future. i just saving money to do hajj in BSN account cz i dont have atm card. so selamat la duit kat dlm tu.hahaha. lagipun bank tu sibuk so xdak masa nak berbaris nak amik duit.
I think that with Tabung Haji, you’re killing two birds with one stone. Emergency Funds + Haji. Not to mention, your money grows at the same time. Not much but at least it’s something.
nowadays TH has made it easier by allowing other depositers to access their account through many ATM machines like maybank and bank islam. off course, there are fees.