Public Bank, you have failed me…
Previously, I had nothing but compliments for the amazing organisation Public Bank. Really, over the counter transactions were swift and efficient. However, an incident about a week ago totally changed my perception.
Filed under Personal Finance | Comments (7)Is it prudent to PAY YOUR BILLS now or near the due date?
Here’s a question for you.
When you get your bills, what do you do? Do you:
- Pay them off immediately
- Pay a few days later
- Pay them off close to the due date
- Pay them way past the due dates
- What? Bills? Should I pay them at all? :P
Obviously options 4 and 5 should not be contemplated at all.
As for me, I have opted for option number 3.
Why Nadlique? Shouldn’t we pay our bills ASAP?
Well, here’s my rationale.
Filed under Personal Finance | Comments (11)Tips for Credit Cards & Bank Account Fees
While in Commonwealth Bank yesterday, I came across two little flyers on bank account fees and credit cards. There were a few useful handy tips. Here they are:
Be Smart with Credit Cards
- Use your card wisely - a benchmark is your average monthly spending on your credit card should be 20% of your credit limit.
- Use a credit card with an interest free period. Click to Continue Reading Filed under Personal Finance | Comments (2)
What will your first car be? A Perodua? A Proton? A BMW?
One of the major decisions that a young person has to make is to choose which automobile to be their first. I’m sure most youths, like me, look forward to the day when we can drive away with our first car that was bought with our own hard-earned money.
So, which car do you have in mind? A Perodua? A Proton? A BMW? In this post, let’s have a look at a few cars that I consider to be within our financial reach (of course, some can afford a more expensive car). Let’s consider a few things like how much they cost and what will their monthly loan repayments be.
Assumptions:
- Interest rate: 4.10% p.a. (CIMB rate) compounded monthly
- Loan tenure: 5 years
- Your deposit: 10% of purchase price
Debt. Is it a good thing?
In my previous post, I talked about a few simple ways to curb spending and to avoid burying ourselves with debt. Well, is debt really a bad thing? To be honest with you, as far as I know, there is no rich human being in the world who got to their position without any assistance of debt. Minus celebrities and those who got rich by inheritance of course.
Debts can be categorised into two. One is Good Debt and another is Bad Debt.
Main difference between these two is that by their ability to make us wealthier. Bad debts are debts taken by us to purchase things that do not appreciate in value. In fact, most of these items depreciate in value. For example, car loans, personal loans, Court Mammoth’s loans, Harvey Norman’s loans, and etc. Stay away from bad debts!
Filed under Personal Finance | Comments (2)Spend spend spend! Tips to curb your spending
On this day of age, our society is plagued by the disease of spending mercilessly on needless items. We get buried in bad debts, we max out our credit card and we spend our pay packet at the earliest opportunity.
I read in Australia’s Money Magazine and a few other sources the other day about tips on how to curb your spending. Here are a few tips:
Filed under Personal Finance | Comments (2)
