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I don’t buy personal loans
Then why am I writing about this? In recent times after the Overnight Policy Rate (OPR) was cut and banks gave out loan moratorium (6 months deferment of repayment of loan instalments), I’ve…
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What choices do we have with the impending OPR cut… again?
Analysts expect Bank Negara Malaysia to further cut the OPR rate before the year ends. Even RAM, a credit rating agency in Malaysia, expects the same. In my previous post I have highlighted…
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Budget begins by distinguishing needs vs wants
“I don’t have enough to save” “My living expenses are too high” “I don’t earn enough to cover my living expenses” All too often I’ve heard or seen people complain about their circumstances…
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Spending with Cash, Debit, Credit Cards, E-Wallets
Let’s start with a story Once upon a time, the society earns a living by the trade that they are born into. Some plant vegetables, some herd sheep, some mine for materials, etc.…
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BNM cuts OPR for the 4th time: How it affects our lives?
On 7 July 2020, the Malaysian Central Bank (Bank Negara Malaysia – BNM) cut the Overnight Policy Rate (OPR) for the fourth time by 0.25% to a record low of 1.75%. This is…
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Treats Fair: The Benefits of Credit Cards
Credit cards are one of the best financial products ever offered. Sadly, this world has tainted them with horror stories where cardholders get themselves into mountain of debts. But it doesn’t need to…
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Is it time to buy a car?
I still remember when I first went and bought a new car 5 years ago. I was using a family car before then – Proton Wira from around year 2000 – and then…
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The BEST Savings Account in Malaysia
Personal Finance 101: What piggy bank to use? Unless you keep stacks of cash in a metal tin under your bed or store them in a physical safety deposit box, it is unavoidable…
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Looking into StashAway Simple (Malaysia)
At the time of writing this post, StashAway Malaysia had just launched a new product and I was notified via an email with the heading: Introducing StashAway Simpleโข, a better way to grow…
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The Magic and Wonders of Financial Freedom
Once upon a time, during my much younger days when I first graduated, my aim was to get a head start by landing a good job. As the saying goes, “Study hard, get…