Deepening our knowledge of personal finance would help us make sound financial decisions that would not only preserve but also grow our wealth over time. One way we can bridge this gap is through personal finance websites that present information on topics such as saving, budgeting, paying taxes, investing, retirement, insurance, and tools such as credit cards in a clear and easy-to-understand manner.
Fortunately, there are several Malaysian-centric personal finance websites that we can refer to for information to help us stay updated on the latest changes and money hacks. Here are some that you can consider following:
Financial Comparison Websites
Financial comparison websites allow us to browse through and compare various financial products, such as savings accounts, fixed deposits, credit cards and insurance. These websites provide a curated list of financial products along with their pricing and features, so you can compare them easily.
#1 iMoney
Founded in 2012, iMoney is a financial comparison website that allows you to easily make price comparisons across various financial products such as credit cards, loans, savings and investment accounts and even broadband plans. The portal also simplifies the online application process for these products with easy-to-follow prompts. This can save you the hassle of going to individual sites as it provides all the information at one glance, making it simple to review the product that you need.
There is also a learning centre that is populated with jargon-free financial articles in both the English and Malay languages and useful tools such as the income tax calculator, zakat calculator and retirement calculator.
#2 RinggitPlus
Launched in 2012, RinggitPlus is a financial comparison website that is owned and operated by Fintech company Jirnexu Sdn Bhd.
You can compare the rates and terms offered on hundreds of financial products including credit cards, personal loans, home loans, insurance plans and others on the site. You can also easily apply for these products online with the help of the RinggitPlus team.
The website’s finance blog is regularly updated with the latest financial news and consumer guides to help you make informed financial decisions.
RinggitPlus also partners with Saito University College in Kuala Lumpur to offer a financial literacy module to students. The course, which was created by licensed financial planners, touches on 10 money management topics such as Smart Budgeting, Investment Strategy and Retirement Planning.
Read Also: 6 Savings Accounts In Malaysia To Credit Your Salary
#3 CompareHero
CompareHero, as the name reveals, is a financial comparison website that was set up in 2014 and is part of the Singapore- and Hong Kong-based MoneyHero Group.
Some of the main financial product categories on the website include credit cards, personal loans and insurance.
You can find a variety of explainer articles for personal use and business owners on the website. The business section has plenty of articles on topics such as starting a company with a business account, understanding the different financial relief available for businesses and saving for a business venture.
#4 Loanstreet
Founded in 2012 by local company Finology, Loanstreet has been serving Malaysians as a financial comparison site for products like loans, insurance, and credit cards.
Loanstreet is a sister company of fintech platforms like Loanplus and CoverPlus that offer software solutions specifically to loans and insurance industry players.
Unsurprisingly, loans are one of the main financial products on the website, specifically personal loans, Amanah Saham Bumiputera (ASB) loans, car loans, home loans and share margin financing.
Additionally, the site offers motor insurance plans where you can also renew your insurance and road tax online.
Read Also: Malaysia Car Insurance: The Types Of Policies And What Is Sufficient Coverage
Personal Finance Websites
There are different types of personal finance websites such as those of publishers that provide explainer articles, consumer guides and news-driven content. Another type of personal finance websites is a blog written by finance enthusiasts who share their personal experiences and dish out useful tips.
#5 DollarsAndSense Malaysia
DollarsAndSense Malaysia is a publisher-type personal finance website by Singapore-based DollarsAndSense. DollarsAndSense was founded in 2012, with the aim of providing bite-sized information to help consumers make better financial decisions.
DollarsAndSense Malaysia covers various financial topics such as savings, loans, investment, insurance, tax and property as well as lifestyle content with a financial spin to it.
The website provides readers with useful price guides for topics such as education, property and buying cinema tickets.
#6 Ringgit Oh Ringgit
When it comes to handling our money, some of our knowledge comes from our firsthand experience.
While many of us tend to keep our experiences to ourselves, individuals like Suraya Zainudin opt to share their experiences and insights with others. She does so through her own personal finance blog – Ringgit Oh Ringgit.
On her blog, Suraya shares a variety of financial content such as her monthly expenses, saving tips, and financial product reviews that are based on her personal experiences.
Suraya is a featured writer in the book, Money Stories From Malaysians and has conducted workshops with the Credit Counselling and Debt Management Agency (AKPK) in Malaysia.
#7 KC Lau.com
KC Lau.com is a personal finance blog by its namesake author. The blog contains articles on personal finance, company profiling for investments, book reviews, and personal experiences.
You will also find articles from other writers on his blog from time to time, providing more diverse content.
Some notable blog posts written by the author include personal experience articles where the writer breaks down his wedding costs and another where he shares his travel experience in Hong Kong with a finance element.
Aside from running his blog, KC Lau is a published writer for platforms like News Straits Times and has published eight financial books.
#8 Mr Stingy
Mr Stingy is the moniker used by Aaron, a Malaysian who works for a cryptocurrency exchange company by day and becomes a financial blogger by night (or at least during his free time).
Beyond finance topics, the blog also dedicates space to content that touches on interesting topics such as relationships and careers. A personal favourite was one where he wrote about how time, love, and money relate to one another.
There are also interview format articles, such as when he spoke to a former engineer from Petronas who had chosen to work from home as a game developer.
According to his blog, Aaron’s articles have been published on established platforms like the Huffington Post, iMoney, and Vulcan Post.
#9 No Money Lah
No Money Lah is managed by Yi Xuan, an economics graduate from the University of Malaya.
Yi Xuan has a special interest in dividend investing and is open to sharing his portfolio, dubbed ‘Freedom Fund’, publicly.
On his blog, he focuses mainly on finance content including book reviews and personal finance journeys such as when he discusses his experience with a licenced financial planner.
You can read his annual updates on his financial planning journey. In the updates, he discusses the pricing of financial planning packages, what he has learned from his financial planner such as understanding that wealth building is a long-term journey and the importance of being consistent as well as a personal verdict at the end of the article.
#10 Marcus Keong
Another personal finance blog to follow is by Marcus Keong who experienced the struggles many investors may have in their early days. This inspired him to make it his mission to help beginners understand investing.
Marcus’ website mainly focuses on investing topics such as stock investing, dividend investing, robo-advisors and Real Estate Investment Trusts (REITs).
Aside from explainer articles, you can also read about his personal investing experiences and the apps, tools, books and spreadsheets that he utilises.
Read Also: 10 Richest Billionaires In Malaysia And The Businesses Behind Their Wealth
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