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EPF has introduced a household expenditure guide and an online expense tracking application to help individuals manage their finances

Launch of the Belanjawanku Mobile Application by EPF

The Employee’s Provident Fund (EPF) has introduced the Belanjawanku mobile application, a platform designed to help users track their expenses online with ease.

Coinciding with the Release of EPF’s Expenditure Guide

The launch of the Belanjawanku app coincides with the unveiling of EPF’s expenditure guide for 2022/2023 at Menara KWSP in Kwasa Damansara.

Features and Benefits of the Belanjawanku App

The Belanjawanku app serves as a user-friendly tool to access the guide. It provides detailed information on minimum expenses across various household categories and offers recommendations for fund allocation towards necessities, optional spending, and personal savings.

Importance of Financial Management

EPF Chairman Tan Sri Ahmad Badri Mohd Zahir emphasized the significance of financial management. He cited statistics showing a lack of adherence to budgets and difficulties in setting aside emergency funds among Malaysians.

Aim of the Belanjawanku Guide

The Belanjawanku guide aims to enhance Malaysians’ financial literacy. It was developed through a collaborative effort between EPF and Universiti Malaya’s Social Wellbeing Research Centre (SWRC).

Source: TheStar