Budget Breakdown

We delve deeper into maximising the benefits of Budget 2019 with an expert.

- Amanda Soh

A month has just passed since the New Year and some budget strategies are already in effect. Noreen Abdullah, a practice manager at CC Advisory, explains how these affect the rakyat and ways we can look ahead to manage our finances.

YOUR DAILY COMMUTE

Rejoice, those of you who depend on public transport for your daily commute! The government’s introduction of an unlimited travel pass for 30 days at RM50 (only for Rapid KL buses and MRT feeder buses, excluding BRT) and RM100 (valid for MRT, LRT, Monorail, BRT, Rapid KL buses, and MRT feeder buses) provides some welcomed savings. Especially since fares for the KTM, Monorail and LRT trains were increased in 2015. “The monthly MyRapid smart card offers savings too, but it doesn’t cover the cost of hopping onto trains operated by other transport providers. For example, I took the Rapid KL and MRT to KL Sentral from my place, costing me RM8.40 for a return trip – that’s approximately RM160 per month. With the RM100 30day unlimited pass, I’d save RM60 a month. That can buy two 10kg bags of rice, or be put into savings for travel, retirement or you children’s education,” says Noreen.

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