Financial tips for those just starting out - by Celine Tan

1. Change your mindset. You are no longer dependent on your parents. Learn to spend within your own means.

2. Track your spending. Keeping a record of every cents you spend tells you how you are spending your money. Do it for at least 3 months. Once you've done this, you can see which expenses you should cut back on.

3. Increasing your savings does not mean taking a larger portion from your take-home pay. There are plenty of cost-saving techniques that you can adopt in your homes, such as reducing your household expenses or preparing lunches at home.

4. Use your credit card sparingly. Use it only for convenience, such as making auto payments for your insurance policies. Avoid using it to spend future money on today's consumption.

5. Pay your credit cards on time. If you have registered for online banking, check you accounts and bills fortnightly. This ensures that you do not overspend & prevents negligent accumulation of debt.

6. Use debit cards or prepaid mobile phones if you keep "forgetting" your financial limits. Debit cards are a great way to prevent excessive spending while allowing you to go cashless: If you don't have enough money in your account to cover a purchase, the transaction won't go through.

7. Consider renting your home before you can really afford to buy one. Although it is wonderful to your own little place, renting would relieve you of the mental stress of having to commit to house loans, home insurance costs & utility bills. You can save up for your home while you rent a temporary one, especially if you are undecided about your career path.

8. Make it a habit to replace high-end items only when they are worn out or cost more to repair. For example, delay purchasing a brand-new car if your current one is still taking you from point A - B without any problems.

9. Learn to discuss your financial matters effectively with your loved ones. Money matters can spiral out of control if your loved ones do not know your exact financial situation. They may be able to help you get your spending on track & avoid burdening you with unnecessary spending.

10. Be disciplined in repaying what you borrow from family & friends. If you don't do so, it would become a habit that would not put you in good stead when you get a loan from a financial institutional later on.

* Courtesy of Personal Money - April 2009

Personal Money - April 2009 Issue

I'm just wanna talk about this month issue of Personal Money. Previously I did subscribe for yearly subcription but I've cancelled it after 1 year. So nowadays I just bought or get my copies when I feel like it or want it or the topic is interested for me.


For this month issue, I found it very interesting for me. Some of the interesting topic I like was, 6 ways to invest in Gold, Free financial lesson for children, How to get the headhunter to call, Finding the perfect Home Loan, Starting an online boutique & lastly but not least, their Special Focus which is Selecting a medical insurance policy.

So if you wanna know all the stories about, dont forget to get your copies at the nearest newstand or bookstores outlet.

Chow.. :D

PIKOM PC Fair at KL Convention Center

Salam..

Semalam aku ngan family gi PC Fair kat KLCC ingatkan takderlah ramai sgt orang yang datang sbb aku sampai awal, tetapi rupanya masa aku sampai tue.. orang dah ramai tunggu dekat pintu masuk (padat mcm tin sardin). Pintu tu plak hanya dibuka tepat jam 11.00 pagi. So aku pun berlalu pergi dari situ.. pergi lepak kat taman plak.. Anak aku yg sulung punyelah seronok dpt lepas main kat taman tu sampai tak ingat dunia :p.. dah tak kira dah panas ke tidak.. janji dpt bermain kat situ sambil kejar burung-burung yg ada kat situ..

Sementara tu aku tunggu gaklah berhampiran ngan pintu masuk tu.. sbb aku nak pergi beli printer utk kegunaan aku kat umah. So lepas aku dapati pintu masuk tu dah tak ramai org, aku pun pergi dengan anak aku yg sulung. Tp kat dalam tu mmglah ramai orang, so aku terpaksalah dukung jer anak aku tu... takut hilang plak.. (gatal sgt nak bawak jln).

Aku tak mau amik masa lelama sgt dlm tu, takut letih & nampak memacam plak kat dalam tu nanti. So lepas aku jumpa & beli apa yg aku mmg nak cari, aku pun balik. Tp yang tak bestnya, aku terpaksa pusing dari point A - Z baru boleh kluar.. :( (langsung takleh nak skip.. jauh plak tu nak pusing...) patutnya sediakanlah laluan alternatif utk org keluar ker apa ker.. ini takder... kena gak pusing jejauh.. letih aku pusing cari jalan nak kluar.. sambil dukung anak & printer yg dibeli.. aduhai.. nasib.. nasib..

Kalau nak tau printer apa yg aku beli masa tu.. tunggguuuu aku post nanti ttg printer tu plak..

Newborn : Muhammad Aman Fikri

Salam..

My lovely wife safely delivered a new baby boy weight 3.15kg at Putrajaya Hospital on 19th January 2009 (22 Muharam 1430H) at 11.30am. His name is Muhammad Aman Fikri.

Welcome to this WORLD my child.

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