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Category: Finances

Financial Planning For The Young Generation
04.01.12 |Finances, PP| Permalink | Comments Off

I read in the newspaper that many youngsters are declaring bankrupted due to credit card over spending and not able to pay. I believed they need to be educated on financial planning. I am sure when they start to earn money, they have the temptation to buy. The newest gadgets or fashion is not helping them either. I bet most of them want to show off their material possessions.

If you are one of the above, you may want to start over again. Move your credit card debt to personal a loan that has a much lower interest. You can get an online annuity quote. It is very important to list down what you need and want. How much money you are saving each month for rainy days? How much you need to spend. If there is any extra, you can start to use a small amount on your wants. Of coz, not forgetting to give a portion of your pay check to your parents.

Popularity: 1% [?]
Mitigate Risk
10.01.11 |Finances, Investment, PP| Permalink | Comments Off

Would you ever take a personal loans for investment? It sound risky right. However if you take a loan to get a property and put it out to rent, it is also an investment plan. The risk here is much lower right. At least you have a property to sell off if the investment fails to minimize the losses.

Every investment you make has a risk but different degree of risk. Who say that putting money in the bank is risk free? Well the bank can go bankrupt and your money is in cold water. But the bank going bankrupt is a small probability.

I am not a finance person but I still do some research and homework before starting an investment. I would suggest you do the same before putting your money in.

Popularity: 1% [?]
Mortgage Broker
05.29.11 |Finances, PP| Permalink | Comments Off

I remembered when I bought my first house, it was a rush decision as the property was in demand. Next I know, I had to apply for a loan and no professional help to guide me. How I wished I had help from mortgage broker in Calgary. They are the mortgage specialists.

Do you know that we need to be always in the lookout for good loan deals? Refinancing will help us save money long term. Mortgage broker can help us do the analysis for us in refinancing our property loan. There are plenty of information on the http://FirstFoundation.ca website which provides mortgage rates, statistics and the process of refinancing. By the way, they also have a very useful mortgage calculates tool to help you calculate your mortgage payment on the fly. It is very easy to use.

I like the interest rate comparison chart because it allows me to compare the different packages side by side. Go hop to the website to find out more.

Popularity: 1% [?]
Desperate Times
01.21.11 |Finances, PP| Permalink | Comments Off

I read in the newspaper on people loaning money from loan sharks and got their family into trouble. Times may be hard but if you need a loan, make sure you go with a legal financial company. I was browsing the net on some good loans availability like payday loans.
Even if you are facing desperate moments, do stop and think! Make rational decision with reputable financial companies.

All of us should also set aside a portion of our money for rainy days.

Popularity: 1% [?]
Credit Card Service Tax Waiver
12.02.09 |Finances| Permalink | 3 Comments

I got a call from UOB Credit Card center, they are willing to waive the RM50 service tax off my cards. Condition is I have to pay my telekom (phone) & tenaga (electricity) with it. Or choose 2 of the listed merchants. They need me to fill up the form to do that.

I was about to cancel my cards with them but with this offer, I thought I wait. If I knew earlier, I would not have pull out my insurance payment. By the way, the insurance payment is more than my phone & electricity bill put together. Who cares? As long as I don’t have to pay anything with it.

I have been loyal with UOB for more than 10 years and it is so hard for me to leave home without it. Kudos to them. Now I am waiting for CIMB to make me an offer. If not, it will be goodbye for them.

Let me know if you know of any credit card that provides a service tax waiver.

Popularity: 4% [?]
Catalog of Rewards
04.08.09 |Finances| Permalink | 1 Comment

I must salute CIMB for coming up with a 150 pages catalog of things I can exchange for my credit cards. The catalog ranges from household things to electronic to vouchers to fitness tools to toys and many more. It is suited for everybody. Somehow they got it right. Not only that, with a minimum of 3000 points you can get something.

If you do not have sufficient points, you can opt to go with special buy, paying cash with minimum points. I kind of like this idea because I can buy stuff at discounted rates. Do check the price properly, it may not be the best price for some items.

I have already identified some items I would exchange for. Looks like I will make my credit cards worked harder.

Popularity: 2% [?]
Time For A Change
02.26.09 |Finances| Permalink | Comments Off

After being loyal to my credit card bank for more than 10 years, it is time to change. I found that my current credit card’s reward is not very attractive and service is deteriorating. Imagine after 3 years using my card, magnetic strip coming off and many calls to the service desk, just to get them to renew the card without the change of account number. I gave up and did no transaction on the card, then finally the approved the change.

I was surveying the market to see which credit card that will meet my needs. Recently I found one from CIMB, it is free for life with no condition and no administration fees whatsoever. I was really surprise and ask the agent a few times. Not only that, it is also a discount card for many places like Guardian, MPH, World of Cartoon and others. Lastly their reward point’s book is as thick as the Ikea magazine. Of coz the number of points collected is not a small number. It is alright because there is a variety.

I am glad they have a road show in Queensbay mall where I sign up for a Platinum Free for life card. The agent gave me a Swiss knife, a multipurpose torch and a huge umbrella. Good deal eh?! I cannot wait for the card to arrive at my mail box with the catalog and the discount outlets book.

Popularity: 2% [?]
Hardship Letters
02.21.09 |Finances, Information, PP| Permalink | Comments Off

I am not very good with words and you can call me a lady with few words. In most of my management presentation, I used simple words and go straight to the point. I do not like to go around the bush and waste time.

Worst is when it comes to writing letters, I have no clue. It has been a long time since I wrote any letters.

However, if you are in the same category as I am and you need to write hardship letter to stop foreclosure, go to LetterofHardship.com. There are many templates and samples provided for you. It may help you to work out your financial debt. The key is to provide information on your situation and work out a plan to handle it. A lot of helpful information there.

Popularity: 3% [?]
Credit Cards Survey
12.12.08 |Finances| Permalink | Comments Off

I was surfing around to survey some credit cards out there. I have decided to change my credit card after 12 years of loyalty. I stayed with the bank because of their good service. However I found that their service has been deteriorating and it has the worst gift reward ever.

Anyway I saw this when I was surfing the bank website, it is really funny. The tag line is “For entrepreneur whose office is in the world” Anyone’s office in the planet or moon? It doesn’t protray the idea of exclusiveness. Mind you, it is a Platinum Business Card.

Jokes aside, so what are the good credit cards out there? It is funny, previously when I was not looking for a credit card, I see so many promoters everywhere. I used to walk like driving a car in an arcade trying to avoid them. Now I don’t see any of them. How sad, I was hoping to get some free gifts and goodies.

I heard that my friend used to sign up at every booth. He gets free goodies on the spot. However he didn’t received any credit cards, it must be an administrative bug. There he goes again and sigh up for the second or third round. I bet he got a whole lot of freebies in his home.

Today I heard that certain banks are giving no expiry dates on the bonus points of the credit cards. Anyone know whether CIMB credit cards bonus points expiry date? 1 year? 3 years? I kind of like the CIMB gift reward. I need to do more survey.

Popularity: 2% [?]
EPF Dilemma
12.10.08 |Finances| Permalink | 1 Comment

The govt announced that we can reduce contribution from 8% to 11%. With this announcement, I am sure you heard quite a lot of rumors. I shall not anymore oil into the fire.

Last week, I received my company memo that it will be a default 8% contribution. If anyone wants to remain at 11%, we need to sign a form.

Now, the decision, should I sign or not? I don’t think the extra 3% is going to make a difference for me. You may say I can invest the 3% elsewhere. The question is whether the investment can measure up to the dividend given by EPF. Now fixed deposit interest rate is also lowered. I wondered what % dividend we will get from EPF this year. Any rumors?

I bet most of the younger generation will spend the extra 3% which is not good for their future. It means less money when they retired. Older generation will be wiser to keep the 3% in EPF. By the way, I saw a long list of signatures.

Should I sign or not?

Popularity: 2% [?]
Cut Back
11.14.08 |Finances, PP| Permalink | Comments Off

Everyone knows by now that the world economy is going downhill. I wonder will it ever come back up again. The best we can do is to spend wisely. For me I will look for low prices in everything. Hey everything has discounts if you search hard enough, yes even dietpill. Look in PricesExposed.net for low prices.

If you can buy what you need and be thrifty, you will survive this economy downturn. Many companies today are asking their employees to take time off during the Christmas break. I am also affected by it. Now I am wondering what I should do? Maybe spend some time maintaining the house or plant some herbs. I am sure I will have a good time.

Popularity: 3% [?]
Balance Transfers
11.04.08 |Finances, PP| Permalink | Comments Off

Balance transfer is transferring your debt from one credit card to another. You will get the advantage if your newer credit card provides you will lower interest rates, better terms and no transfer fees. It is a little tricky when doing balance transfers, ensure you read the terms properly.

If you have lots of debt with your credit card, I would suggest transferring it to a small personal loan which offers a fix and lower interest rates. Read more about balance transfer tips and latest info in SmartBalanceTransfers.com. Hope you will be debt free soon!

Popularity: 3% [?]
How Many Times Do I Need To Cancel?
10.31.08 |Finances| Permalink | 4 Comments

Last year I cancelled my supplementary UOB credit card because I have no use for it and it cost RM30 for admin fee. When they gave it to me, it was free. Somehow along the years, they added the RM30 policy but didn’t bother to inform the customer.

Anyway, to avoid any nightmares, I cancelled it. After I cancel it, it was deleted from the online system. Everything was fine until this year, it appeared again on my online system. Initially I wasn’t aware of it when I called the credit card helpline for another issue, they asked me whether I had any supplementary. I said no and she said yes. Hrmm…I told her I cancelled it last year.

What made me really frustrated was the officer asked me to submit another cancellation form? I told her no and why should I? I already did 1 year ago. I am not going to submit any documentation every year to cancel the stupid card. They told me that they didn’t receive my cancellation form. I bet they must have lost it.

I heard so many cases of bank making it difficult for customer to cancel the credit card. It is so unprofessional of them. Next time, I will charge them admin fee for asking me to submit a cancellation form. What should I charged? RM30 for 1 cancellation form.

Next time you sign up for a credit card, ensure the bank provide a easy way to cancel the card!

Popularity: 2% [?]
Charged For No Reason
09.24.08 |Finances| Permalink | 1 Comment

How many of you check your saving accounts statement monthly? Few weeks ago, I checked my statement and saw my bank HSBC charged a fee of RM5 for month of Aug and Sep. I was really surprised because for more than 8 years I was with them, there was no fee whatsoever.

I called their helpline and when you need them, no one picked up the phone. I tried twice but failed to get someone to talk to me. I went to their website and left a feedback. A customer service officer emailed me and called me. She told me that she will investigate.

The thing is when they offered the account, they didn’t tell me there was a fee attached to it. The account was offered to my husband company for employees for salary deposit. No fees were mentioned. Anyway, I didn’t want to argue with them and requested for the refund for RM10 they took from my account. I will in turn close the account for good.

I was frustrated that they charge us without any notification. I will never open an account with RM5 monthly. It is day light robbery!

Do check your statement frequently to check for unknown charges.

Popularity: 2% [?]
Mortgages Info
09.09.08 |Finances, PP| Permalink | Comments Off

I am glad I finally pay of my mortgages for my house and car. It is one of the achievements in life. It may not be great but it is something. I have to be smart with mortgages and find the right plan to fit with my lifestyle. Sometimes we need to get mortgage quotes and compare to check which one will give us the most savings with lowest interest.

You will get the best benefit by paying the mortgage as fast as possible. Read more about the tips on mortgages in CyberLoanNet.com.

Popularity: 2% [?]
Credit Card Tips: Balance Transfer
07.05.08 |Finances, PP| Permalink | 3 Comments

If you are a delinquent credit card user who cannot seems to make ends meet and pay your credit card bills, you better hear this. If you keep your debt in the credit card, you will suffer a high interest rate. You will end up with more debt.

A good tip is to transfer your debt to a lower interest rate loan. There are no balance transfer fee credit cards out there. It helps you in saving some money there. Be Wise!

Popularity: 2% [?]
Compare Credit Card Offers
06.17.08 |Finances, PP| Permalink | Comments Off

With the hike of oil prices and soon every other thing may go up in prices, you must learn smart ways of shopping. Wouldn’t it be nice if there is a website to list down all the prices of goods from different groceries stores? It will be so cool if there is an added tool for us to compare some of the items, totaling it up to show us which groceries store give us the best cost savings.

MegaCredit.com is giving us that comparison tool on credit cards. Now with the number of different kind of credit cards emerging in the market, it is difficult for consumer to pick the right one. Sometimes we are faced with information overload and everything seems so confusing.

Now you can read about the credit cards in MegaCredit.com. They highlight the features, the benefits and the types that suit your ratings. They provide you with a tool to compare credit card offers.

With just 4 steps, you can find the credit cards of your choice. No traveling to the bank is required, no parking or queuing problem and definitely no hassle. You can apply for the credit card of your choice at MegaCredit.com, online. It is just so simple. Lots of offers out there waiting for you!

Popularity: 2% [?]
Bad Times With Help
06.12.08 |Finances, PP| Permalink | Comments Off

You have been working very hard all your life to pay off your house. However when bad times hit, you are out of job, you cannot pay your mortgage and your mortgage company may take away your home. You are in the state of foreclosure. Believe me there is help available to you.

Stop My Foreclosure can help you get back on track. You are provide with many options to overcome this problem. Options that you can afford.

StopMyForeclosure.net is made up of a group of veterans in the industry working on your behalf to save your home

Popularity: 2% [?]
Change Your Lifestyle
06.10.08 |Finances, PP| Permalink | Comments Off

With the recent announcement on the increase price of gas which shot up 40% overnight, we need to change our lifestyle to make ends meet. No more expensive dinner or night cruising around for me. Everything else will eventually go up in price with oil price up. We need to live smartly. Here is a tip for you, some credit cards are working hard for each dollar you spend. You need to find the right match for your lifestyle.

Take for example, if you own a car, naturally you need gas every week. The Shell gas credit card allows you to get up to 5% cash back each time you pump. It is giving you a 5% discount on gas and that is some savings.

Other credit cards provide you will good reward points or some provide you best rates for your shopping sprees or some reward you will free dinning vouchers. If you do not know which credit card to apply for, start by comparing them all using the credit-cards-guide.net. Start to apply for a credit card and get great savings.

Popularity: 2% [?]
Ripple Effect
06.05.08 |Finances| Permalink | 1 Comment

Yesterday when the announcement of the rise of petrol price from RM1.90 to RM2.70, everyone wanted to pump petrol before it happens. Yes, it will save them RM20-RM30 if they can get to the petrol station. It caused havoc everywhere, cars queues were 1 km long. You probably have to jam for an hour or more to pump.

Thank you all for SMS-ing me, emailing me or called me. However it was really a waste of time, energy and petrol for me to queue for 1 hour or more to get that savings.

Today, guess where was congested? Our own office cafeteria, it seems that everyone decided to eat in. The queue to the counter to get food was long but not longer than the petrol Q. Hehehehe. The cashier counter was as long.

The next thing that goes up will be electricity, food, etc. Let’s hope my year end increment will go up too. Life is so meaningless. Don’t you think?

Popularity: 2% [?]