Working a job, getting paid, and saving part of that pay isn’t all that you need to know about your financial situation. You’ll need your salary (or profits) to sustain you even in the case of emergencies, or after you retire, so here are five numbers you should always be aware of when managing your finances.1. How Much Money Is Coming In
This may seem a really basic one but in actual fact many people don’t know their households’ exact earnings. This is especially true for shared households, or when only one of the partners works.Image via Flickr
Regardless of who is making what, everyone within a household should be made aware of how much [...]
Did you know that your credit cards are more than just a near-endless pocket of money to be swiped? From the moment you sign up for one, you are eligible for all sorts of treats tailored to entice you to spend more. Risk of impulse purchases aside, there are actually several very strong reasons for you to get a credit card as soon as possible, such as:1. Sign Up Offers and Bonuses
This is often the most attractive reason to own a credit card. Many credit cards offer significant rewards upon approval.
For example, you can get signup bonuses such as gifts and cash worth anywhere between RM50 and RM250 – maybe even more. Other cards might offer free redemption [...]
Weddings are getting more expensive nowadays, and it isn’t just due to inflation or GST. Standards have been climbing when it comes to people’s expectations of a ‘great wedding’, and every bit of those standards incur extra costs for soon-to-be newly-weds.
Wedding debt can grow to quite the significant amount – and all of that just for one, maybe two, days of celebrations. Here are several ways you can still throw a great wedding without spending too much:1. Budget in advance
The average Malaysian wedding can snowball to RM50,000 quite easily. Seek advice from friends and family regarding the estimated cost of materials and services for [...]
A card issued by a financial company, usually a bank to give the holder an option to borrow funds to complete purchases. Credit cards are primarily used for short-term financing and charge interest. The interest usually begins one month after making a purchase and credit limit is set according to the holder’s credit rating.Image via Flickr
Who Can Apply For A Credit Card?
There are two main criteria:Income: In line with the new Bank Negara Malaysia (BNM) Credit Card Guidelines introduced on 18 March 2011, a new credit card holder must earn a minimum of RM24,000 per annum. Age: The minimum age required to apply [...]