Start early: Erin Adlina urges women to work on savings before marriage
"When we start a lot earlier, there is a lot more time for us to gain our profits."
SHAH ALAM - When it comes to building a financially stable future for ourselves, financial and wealth planner Erin Adlina Adnan says it's important for women to start saving before getting married.
"Women should start investing before we get married even though the objective is for retirement," she said.
She also reminded about the possibility of worse inflation in the future, making it more essential to save and gain profits while we still could.
"When we start a lot earlier, there is a lot more time for us to gain our profits, and at the same time, don't forget inflation.
"Inflation changes every single year and whatever that we have been earning before which was five per cent that was considered high is now considered just average," she said.
"For me, I started at the age of 18," Erin said to Sinar Daily while more advice and tips on "Don't Go Broke in Your Golden Year" will be revealed on She Leads 4 at Sinar Daily this 27 Aug.
She further addressed the ratio of savings for both and women where there should be 70:20:10.
"70 would be for needs, 20 for wants and the rest for savings," she said.
She said that although savings fell in the lowest category of priority, "I make sure that savings fall under my wants."
"Money is what we want in the future, so please, I hope everyone understands this concept whereby savings are superbly important," said Erin.
More information on She Leads 4 and inquiries about the tickets can be obtained on the website sheleads.sinardaily.my.
