7 Out of 10 Malaysians Save Less Than RM500 a Month. Here’s How This Tabung Can Help

Personal Finance
22 Nov 2024 • 11:30 AM MYT
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Saving money isn’t always easy. In fact, it’s a struggle that many Malaysians face daily.

According to a survey by Ringgitplus, 7 out of 10 Malaysians save less than RM500 a month, and 52% wouldn’t be able to survive more than three months if they suddenly lost their job. These statistics reveal a pressing need for better financial management and tools that make saving easier and more consistent.

Why Is Saving So Hard?

The reality is, life expenses can quickly add up. From daily necessities to unexpected costs, it often feels like there’s little left over to save. Traditional savings methods sometimes require discipline that’s hard to maintain. Plus, without clear goals, saving money can feel like an endless chore.

But what if there was a way to make saving a seamless part of your everyday life — without requiring huge lifestyle changes? This is where MAE Tabung by Maybank steps in.

Meet MAE Tabung: Your Digital Piggy Bank

MAE Tabung is designed to help you save effortlessly. Think of it as a smart, digital piggy bank that doesn’t just hold your money — it actively helps you grow your savings! Whether you’re dreaming of a new car, planning a vacation, or just trying to build an emergency fund, MAE Tabung is here to make your goals achievable.

Unlike traditional savings accounts, MAE Tabung offers unique features that integrate into your daily routine, helping you save more without even realizing it:

  • Auto-Deduction: Set up automatic transfers to your Tabung so you don’t have to remember to save. It’s a simple way to build your savings consistently over time.
  • Goal Setting: With Tabung, you can set a specific savings goal and watch your progress in real time. Whether it’s for a downpayment on a car, a wedding, or a dream vacation, MAE helps you stay focused and motivated.

Exclusive Offers: Join Maybank and Start Saving Today!

Image from: 7 Out of 10 Malaysians Save Less Than RM500 a Month. Here’s How This Tabung Can Help
Image provided by Maybank

If you’re new to Maybank, there’s no better time to start. Sign up for a MAE Wallet with the code JOMMAE, and you’ll receive an instant RM10 gift! Plus, when you deposit RM500 into your Tabung, you’ll enjoy a daily RM0.50 bonus until 31 December 2024. It’s a great way to kickstart your savings journey with MAE.

Image from: 7 Out of 10 Malaysians Save Less Than RM500 a Month. Here’s How This Tabung Can Help
Image provided by Maybank

Make Saving a Part of Your Everyday Life

Saving money shouldn’t be a struggle. MAE Tabung takes the hassle out of saving, making it a natural part of your daily routine. Turn your spare change into savings, set clear goals, and watch your money grow — all within a single app.

With MAE, saving is rewarding too. You could also be in the running to become a MAEllionaire! From now until 31st December 2024, every 5 eligible transactions you make — such as using Scan & Pay, saving with Tabung, or paying with Maybank2u Online Banking — will earn you a chance to win RM1 million! From reloading mobile credits to purchasing movie tickets via the MAE app, every transaction increases your odds. Learn more about the MAEllionaire campaign here.

Image from: 7 Out of 10 Malaysians Save Less Than RM500 a Month. Here’s How This Tabung Can Help

Ready to get started? Join MAE today and start saving effortlessly!