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Money management

Managing your finances as a couple

January 13, 2009

Married couples often have arguments when the subject of money is brought up. Especially now, when we are at the beginning of a global financial crisis, couples may find themselves at each other’s throats more often. Each of us have different ways of managing (or mismanaging!) our finances, and it’s inevitable that couples have lots [...]

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Statistics on Malaysians’ habit to spend versus save

January 1, 2009

I was reading January 2009’s issue of Personal Money magazine and came across some statistics on the preference to spend today versus saving for tomorrow. This statistics came about from Aviva’s 2008 Consumer Attitudes to Savings study. Here are some of the results shown for a few countries, Malaysia included.
Before you look at the results, [...]

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You can get cash out of your credit card

November 1, 2008

No, I’m not talking about getting cash advances from the ATMs via your credit cards. It is a very expensive cash advance for all the fees you have to incur not to mention the interest rates you are charged. You see, credit cards are no longer just cards that you can use to gain credit [...]

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What will be the future of investment banks?

September 22, 2008

In the United States, the two world renowned investment banks, Goldman Sachs and Morgan Stanley, have declared that investment banking no longer holds a bright future for them anymore. The two financial giants have just received the Federal Reserve’s green light to change course – from being an investment bank to a consumer bank that [...]

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Learn to pay yourself before others

September 12, 2008

One of the best advice that I’ve read in a few personal finance books is to pay yourself first before you pay others. The others here would mean the banks where you took up your housing and car loans from, your credit card bills, etc.
For most people (myself included), the first thing they do when [...]

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