The first step towards financial freedom is knowing the difference between your needs and wants. At first glance, this may seem straightforward, but it is an important step in budgeting and the first step to obtaining your financial goals. We will share with you how to prioritize needs over wants, why it matters, and how to create a personal financial plan that works for you, whether you are in Singapore, Southeast Asia, or elsewhere globally.

If you want to be clearer about the financial aspect of your life and become successful in what you put your efforts into, the 70/20/10 Rule is a practical framework. This rule helps you manage your money when you are in Singapore, Southeast Asia, or anywhere else around the globe.