Money Money Come

Thinking of buying external hard drive?

Be a smart consumer and scout around and get the best deal. Not only that, be sure you will be given with good after sell service because if something happen to your purchase, you will be able to get some compensation such as replacement.

You can also try to look for the online as sometimes you can find better deal online but also make sure that you buy from reputable online seller.

Children should be taught about the importance of money so that they will not take it for granted especially with current economic situation.

Here’s a way you can teach your children:
Prepare 3 envelopes by labelling each of them as “Share”, “Save”, and “Spend”.

Then when you give your child money for their weekly or daily expenses or even ang paos they get during Chinese New Year, encourage them to split the money into the 3 envelopes.

Each envelope can have a certain percentage of money that they should keep from the money they got. It is up to you or ask your child how much they want to keep in each.

With the envelope, they will know which money they should be shared, spent, or saved.

Many people have this habit of not keeping their card transaction receipt, they just threw it away without destroying it fully. This should not be done so as you will be putting your account in jeapordy.

If you read the news lately, I’m sure you might come across a case about some syndicate selling fake credit cards. The syndicate collected the transaction receipt sand also those unwanted expired credit cards. They made a new card out of it and sell the fake card overseas.

Don’t even think that the last 4 digits are censored will not cause people to find out the full number, they still can. They are very smart in doing so.

Next time, be sure to keep your transaction receipts securely or destroy it completely or it will fall into the wrong hands. You might be the next credit card fraud victim.

Those of you that use credit card a lot, do you notice sometimes when you pay, you need to pay extra few Ringgit or few cents?

Can you believe it that you missed out paying RM0.19 yet you got charge RM52.17 of interest?

Only RM0.19 yet they charge an interest of RM52.17, that is a huge percentage, 27457%!!!

I’ve notice this problem from many friends lately. They are not happy with how the bank charges them.

For example, the minimum payment is RM200.19, when they go to the bank cash deposit machine to pay but the machine only accept RM10, Rm50, or RM100, it doesn’t accept cents. So many will just pay RM200 and omit the RM0.19.

Don’t blame the bank for it. Your minimum payment is RM200.19, not RM200, therefore you might as well pay RM210. If not, then use other way of payment such as cheque. Since you do not fulfill the minimum payment requirement, it is not wrong for them to charge u such interest.

Here’s the part where you should take note of from the bank’s terms and consitions:

Cardholder may elect to pay less than the Current Balance provided that the Cardholder makes the minimum payment specified in the Card Statement, which shall be either 5% of the Current Balance and the unpaid minimum payment specified in the preceding month Card Statement or RM50.00 whichever is the greater.

If the Cardholder fails to pay the Minimum Payment Due by the Due Date, a further charge of 1% of that outstanding balance of Card Transactions (subject to a minimum of RM10 and a maximum of RM100) will be specified in the following month’s Statement. The sum so specified shall until paid bear the Finance Charge, and the provisions of the preceding paragraph in relation to the capitalisation of the Finance Charge shall equally apply.

This is your problem, not the bank problem. Let this be a lesson to you.

Economy is bad nowadays, do you have problem in settling your debt? Or you need an amount of money to turnaround for your business. As long that you own a credit card, you will be able to solve this problem. You can use this card to reduce the yearly interest, then you won’t be burdened by the monthly minimum payment, the late charges are not a small number also. These will cause you to owe more money.

How to reorganise your debts. All you need is:
1. An active credit card.
2. Available limit must be more than 20%. For example, credit limit is RM10,000. the available limit must be RM2,000 and above.

Credit card basic interest is 18% per year, every month is 1.5%
Credit Limit：RM10,000
Outstanding Balance：RM8,000
Interest Rate: 1.5%/month
How to calculate your interest: RM8,000 + 1.5% = RM8,120（RM120 is interest）
Minimum Payment：RM406/month

After reorganise your debt:
Credit Limit：RM10,000
Outstanding Balance：RM8,000
Interest Rate: 20%（36 months，interest is 6.67%/year）
How to calculate your interest: RM10,000／36 months = RM277.78
Minimum Payment：RM277.78per month （You will only need 36 months to settle your credit card debt）

If you want more information or what the whole is is all about, please contact. By the way, the calculation is different based on different location. The above is only an example.

* Kuching（016-888 5988 - Jimmy Chin）

* Kuala Lumpur（016-209 9177）
* Selangor
* Melaka
* Muar
* Johor Bahru

P/S：If you are not from East Malaysia but from West Malaysia, do tell them that you got this information from Jimmy Chin.

Where can you get personal loan with 20% cash back? Hong Leong Bank is currently having this promotion.

All you need to do is head over to Hong Leong Bank and apply for their Personal Loan and enjoy 20% cash back every month!

Here are some other benefits:

• Monthly installment as low as RM133.33/month
• 20% cash back on your total interest
• Fast approval within 48 hours
• Flexible repayment tenure of up to 5 years
• Minimum income eligibility of only RM24,000 p/a
• Easy application - photocopy IC & income
• No guarantor and no collateral

Learn more about Hong Leong Bank personal loan with 20% cash back

It seems like SCB JustOne Titanium MasterCard is a hit now.

Why?

This is because it’s a Credit Card, Debit Card and Current Account in One, 3-in-1.

Standard Chartered Bank has recently intorduce JustOne Titanium MasterCard. With this card, you can make purchases by charging to your Credit Card or Debit Card through your JustOne Current Account.

All you need to do is to let retailers know which option you prefer: Credit if you want to charge your purchases to your Credit Card, or Debit if you want to pay through your JustOne Current Account.

Application requirement: At least annual income of RM60,000

Learn more about SCB JustOne Titanium MasterCard

Live Green with HP Recycling Promo is something interesting. Not only you can save some money but also do something for the environment.

All you need to do is purchase a brand new HP Notebook Battery and trade in your old ones.

Besides that, for each redemption you’ll get to enjoy exciting free gifts!

For more information please visit your nearest HP authorized reseller or call the “Live Green with HP Recycling Promo” redemption centre at 03-7815 1700.

Promotion period will end on 31st May 2009.

Learn more about Live Green with HP Recycling Promo

The lowest annual interest is in town!
9.99％ by Affin Bank.

As long that you pay your minimum payment before the due date to the bank, you will enjoy 9.99% Annual Interest. You will be able to save more money.

Not only that, Affin Bank credit card allows you to get 0.8% cash back and free from annual fee,

Learn more about Affin Bank Credit Card 9.99% Annual Interest