Personal financial management, V2
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 Oct 19 2010, 09:13 AM
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#1
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Senior Member
975 posts Joined: Mar 2010 From: Penang  
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QUOTE(Ken @ Oct 18 2010, 11:46 AM) 2 ways - I wouldn't suggest FD , should invest in mutual fund or something similiar .1. put saving into FD ... 2. find more money  Else the inflation will kill your money. |
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Feb 14 2012, 02:40 PM
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#2
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Senior Member
975 posts Joined: Mar 2010 From: Penang
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Hi bros here....
need help to calculate a bit . Is it best to take a loan to payback credit card debts ? Loan from RHB Borrow 4k , every month pay 378.24 for 12 months (Interest 13.38%) = 378.24 X12 = RM4538.88 The interest seems lower than the bank but am I really saving money by doing like this ?  Thanks in advance  |
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Feb 15 2012, 09:08 AM
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#3
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Senior Member
975 posts Joined: Mar 2010 From: Penang
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QUOTE(wongmunkeong @ Feb 14 2012, 06:53 PM) [attachmentid=2684860] Thanks for helping Whoa.. effective rate of interest is about 26.98%pa (if the sample used is correct)? U sure that's LESS that yr credit card? Looks similar to credit card charges. QUOTE(Pink Spider @ Feb 15 2012, 12:11 AM) got a partly qualified accountant in GGC u dun ask I didn't know you can count ma  Personal loan to pay off credit card debt is NEVER a good idea, the effective interest rate is way higher Keep ur CC balance, pay AS MUCH AS U CAN every month is the better option   If :"pay AS MUCH AS U CAN every month" is not an option. So guys , meaning if I pay monthly 378.24 to my credit , the interest is lesser than the loan ? |
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