savings
- Business News
Thailand launches retirement lottery to boost savings for low-income earners
The Cabinet has introduced a new savings initiative for low-income individuals titled the retirement lottery, which offers enticing prizes to encourage saving. Deputy Finance Minister Paopoom Rojanasakul announced the Cabinet’s approval of this measure, aimed at bolstering savings under the National Savings Fund (NSF) through the Retirement Savings Lottery project. The NSF will amend relevant sections of its Act to…
- Thailand News
Thailand proposes retirement savings lottery to combat poverty
Thailand faces a growing issue of an ageing population entering retirement without sufficient savings. This problem is exacerbated by the country’s rapid transition into an aged society, and cannot be resolved merely through increased budget allocations for elderly allowances. Deputy Finance Minister Paophum Rojanasakul announced that the Ministry of Finance is considering a new policy called the Retirement Savings Lottery.…
- Guides
Budgeting for beginners
The 50/20/30 rule is a beginner-friendly budgeting principle developed by Harvard economist Elizabeth Warren and her daughter Amelia Warren Tyagi. It breaks down income into three manageable categories. This approach ensures you cover essentials, save for the future, and enjoy life’s pleasures without guilt. It offers a clear path to financial stability and peace of mind. If you’re unsure where…
