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Many of us begin to worry about our personal financial management, at a stage in our lives when our financial responsibilities get heavier….like getting married, purchasing a home, having the first child, taking care of ageing parents, planning for child education and our own retirement.

Unfortunately, our education systems do not provide much guidance in financial literacy. It also does not help that the mass media constantly encourages people to spend for instant gratification.

For many, the only non brainer financial principle our parents taught – "spend less what you earn", which is the pillar of prudent financial management.

However, it is more crucial to be financially literate and to take a more holistic approach in personal finance management. It’s not just about using money to make more money blindly, but we need to manage the risks as well – both personally and financially.

This blog is an expression of my thoughts, analysis and personal opinion, which in no way should be constituted as hard facts or recommendations.