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Wednesday, November 24, 2010

Affordable 1TB Hard Disk

Nowadays hard disk are getting cheaper by the day that is why if you want to build your own desktop, it is better to get at least 1tb hard drive. This is because with medias coming in the HD form, this will takes up a big chunk the the hard disk drive

Monday, November 22, 2010

How The Concept of Insurance Comes About?

Most of the people has at least Buy Life Insurance to protect themselves and to provide coverage to their family members. The basis of insurance is "guarantee against loss" and the concept first started way back in Babylonian times.

Way back the Babylonian times which is around 2100 B.C., the Code of Hammurabi was the first basic insurance policy. This policy was paid by the traders in the form of a loan to guarantee the safe arrival of their goods by caravan. Of course, caravans faced the same kind of perils our transportation industry faces today – like robbery, bad weather and breakdowns.

As history progressed, the needs for insurance increased. The Phoenicians and the Greeks wanted the same type of insurance with their seaborne commerce. The Romans were the first to have burial insurance – people joined burial clubs which paid funeral expenses to surviving family members. In medieval times, the guilds protected their members from loss by fire and shipwreck, paid ransoms to pirates, and provided respectable burials as well as support in times of sickness and poverty.


Of course, you can do some of your research and realize that the progress of insurance has always been the same...the need for a guarantee for protection.


Today, insurance has become very organize. If you are studying Actuarial science, you will have a lot of headache with figures...something that don't happen in the past where Life Insurance No Exam required for understanding.


For those of you in the United States of America, 1-800-939-0710 is a toll free number where clients that are looking for Term Life Insurance in United States can get a free insurance quote.

Thursday, November 18, 2010

Advantages of Using Credit Cards


Credit cards as we all know is one of the payment method that we can use when we pay for goods and services. The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

As discussed earlier in Credit Card - Friend or Foe (Part 1) and Credit Card - Friend or Foe (Part 2), credit cards are like fire or water whereby when it is used under our control, it can be friend and if we lose control of it, it will become nightmare which could be fatal. There are many people who lose control of the credit card usage ended up going to the pit of debt and needed a lot of financial assistance from many different sides.

Let us discuss about the advantages of using credit cards. The first advantage of using credit cards is you do not have to bring along a lot of cash when you go shopping or dining outside. This is indeed very apparent advantage that the credit cards have over cash given the high crime rate in some of the places in this country.


One can always argue that we can always use debit card instead, but this is where the second advantage of using credit cards come about. By using debit cards, it means that we are using the money we have in our savings account where as if use credit cards, we will be using money in one month time. This is also the danger of using credit cards if you do not know how to exert proper usage and control.

Spending the money from future is a good way to hedge inflation, but at the same time it will be the first step to step into the pit of debt. A good way to avoid getting deeper into the pit of debt is to have the cash to pay the balance of the credit card in full and not the minimum payment that is stated in the statement. Once you start paying only the minimum payment, this is where the debt will go uncontrollable. The way I use to ensure that I have sufficient money to pay the credit card is keeping track on the amount whenever I swipe this plastic - even coming down to every penny that I swipe. I mean if you swipe 23.20 now and you consider the transaction as 23, imagine every 10 times of the same amount swiped will lead to additional 2 - not much but when it snowballs, I cannot really imagine how much the amount will totaled up to, could be huge.

Anyway, let's go back to the advantages of using credit cards. The next advantage of using credit cards is the loyalty reward points and the cash rebates. Some credit cards not only offer loyalty reward points or cash rebates, but free gifts if swiped during promotional period. In fact, I got my free Ipod Shuffle by using credit cards as well.

Think I gotta sign off for now and discussed about the advantages of using credit cards in some other time. Watching Jackie Chan's Wheels on Meals.

Monday, November 8, 2010

How To Be Financially Savvy


I read a newspaper article in The Sun regarding the lack of financial literacy among the Malaysians. The survey done by MoneyTree (M) Sdn Bhd shows that many Malaysians are not financially savvy and have no retirement plan or know how to manage their finances.

This does not come in surprise to me as I have come across some people who has no knowledge on this subject. However, financial literacy is an important aspect of life and with the knowledge on how to manage the personal finance properly, one can actually plans out his or her own retirement plan.


To gain more knowledge in financial, one need not have to be a Degree holder or a financial analysts - as a matter of fact, reading materials on financial management can educate one in this aspect. Magazines like Personal Money or even Reader's Digest will have more than sufficient information on the basic financial knowledge that one will ever needs.

Let us not talk about investment first, as to be financially savvy not necessary means that you can invest or knowing the investment terms like stocks and commodities.

One of the most important terms in order to be financially savvy is budget. Budget literally means the plan on how to spend your income - sounds simple, but having the discipline to follow the budget is another matter.

Many of us actually failed to plan a proper budget due to a number of reasons. One of it is because there are ups and downs in our monthly expenses and lack of the information on what is our expected income in like maybe next year due to increment. Besides that, many people are actually put off by the fact that there are some unexpected expenses like medication, friend's wedding, accident and stuff like that. Sometimes or shall I say most of the time, it is due to impulsive shopping nature of one that he or she ended up buying stuff that is not needed.

Budget is important as the budget will be direction on where the money should be going and to be financially savvy, one should really takes some time and plan a proper budget and execute accordingly. A budget without proper execution means nothing as we can all be sitting down writing what we are suppose to spend and then throw the piece of paper into a rubbish bin. Knowing the term without execution is also the same as not a financially savvy person.

Guess I'll stop here right now to watch Stephen Chow's Fight Back to School. Will continue to post in this matter in near future.