There are many advantages using credit card wherever whenever we can because:1. our expenses are properly recorded2. the credit card statement can be used as proof of payment when filing for income tax3. get rebate on our expenses4. emergecies : hospitalization, lack of cash when traveling overseas.The best advantage is that it increase our cash in hand. Why do I say so?Let's say your fix expenses is RM5000 per month. You use your credit card to pay for all those fix expenses monthly. The due date to pay back your ...

"Cheapest" means the lowest interest charged.Banker are willing to loan us money for buying houses because that is the most secured collateral. Why bother to settle the loan fast? The interest rate is only BLR + margin = 7~8% at this moment.I bought adequate life insurance to cover my liability ( including mortgage). Thus, I never bother to settle the house loan. When I got extra money, or saving, I always invest it and make sure that they generate more than 8% return per annum.That means NOW we got ...

There are so many different kind of homeloan package offered by bankers nowadays. No matters what kind of loan package we are getting, just remember to do refinancing when the penalty period is over. There is no such rule that bank cannot offer refinancing for their existing client.  However, most banks don't counter offer when we want to refinance. At least I faced this situation before. I took the HSBC homeloan package 3 years ago. The contract says that I can only settle the entire loan amount after 3 years. If it ...

I use the eCosway Alliance Bank credit card. Why?The rebate is really high, can get 2-10% rebate from the amount I spent.To get 1 point (they call it 1 CVP), I need to charge RM100 to the credit card. The CVP point is used to bid for items at CVP auction at www.ecosway.comRecently, I bidded a RM60 Nando's cash voucher with 10 CVP ( equals to RM1000 charged to the credit card).RM60/RM1000= 0.06. That is 6% rebate.Wow! I only need to spend RM1000 using the credit card, and get RM60 ...

For those who want to own their 1st car, it is a wise move to buy a 2nd hand car. Example: Buy a 15 years old proton saga 1.5i ( automatic , power sterling) Cost: RM5000 (pay CASH) Insurance: RM277.50 ( comprehensive), can even buy 3rd party insurance - cheaper Old CAR?? Believe me, the maintenance cost is much lower than the interest payment if we get a new car! Use the car for 3-5 years, and then only buy your dream car: Example: Buy a new Honda Civic 1.8 iVtec Cost: RM113,800 Insurance: RM3225.90 , after No-claim Discount (NCD) ...