MONEY MASTER

So, it's the time of the year again - the income tax season. For those who has already getting their salary deduction monthly through the PCB or Scheduler Tax Deduction (STD) , this is the time where you can claim back what you have paid in advance to the government. The purpose I am writing this blog post is to remind as many as possible to do the income tax filing as soon as possible; reason being, you will get your income tax refund faster and you will get the peace of mind of having something done before the deadline. There is still another 30 days to go before the deadline, so some might still been struggling to find or get receipts to prove their tax reliefs claim, but in my opinion, for those who are having taxable income in the middle of one tax bracket, those reliefs won't really affect much - unless the deduction brings you to a lower tax bracket. What is tax reliefs? It is defined as “an amount that can be deducted from a person’s annual income to reduce the amo...

It has become a norm for people of this generation to use credit cards. There are those who are very weak in managing their expenses that they blame the credit card as the culprit for their overspending habits. Everyone know that making a purchase that one cannot pay at the end of the month simply spell trouble in the long run. But what if you could take this card, and make it your best friend by spreading your repayments over the next few months of years, at 0% interest. This isn't a myth. Such a plan, which could be very common for this generation, the 0% Easy Payment Plan. Here is one of brochure that I found in SenQ. 0% IPP for 36 months If you are planning to buy the Apple iPhone 5S, please consider this option. Instead of putting in RM3149 at once to buy 64GB Apple iPhone 5S, you only have to pay RM87.47 on a monthly basis for 36 months. If you plan to put the RM2000 into FD first, you would have an additional RM60 assuming 3% interest.  There are a lot of pe...

To a lot of people, debt is a scary thing...but yet at the same time, it is a beautiful thing. Without debt, it would be very difficult for the middle class to consider earning property, vehicles and some other expenses.  In our world today, with the credit card, there are so many ways for consumers, like you and I to manipulate future money in order to enjoy some of the luxurious goods.  DEBT CAN BE YOUR BEST FRIEND I have known people who disdain debt to a point that they would pay as much as they could as downpayment for a property even though most of the time, it only requires 10% of the property price. I have also known people who had piles of debts that it is impossible to settle it, and thus BANKRUPTCY.  There is a simple rule of managing debt...DON'T SPEND MORE THAN YOU EARN, but it really isn't that simple, especially when you want to leverage on some of the low interest environment loan. If you only spend less than you earn, there is also a...