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 Personal financial management, V2

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post Jan 7 2013, 05:48 PM

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QUOTE(azilazwa @ Jan 7 2013, 08:23 AM)
TQ for ur suggestion bro. but i dont think i cant start the nasi lemak business (dont know how to make nasi lemak) or be a part time photographer (oredi tried, but no talent and desire to do it)  sweat.gif

Currently considering FD or just keep the money in saving acc (which i think is a waste). hmmm
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Conventional financial planning will advise you to save between 3 - 6 months of monthly expenses as your emergency fund before doing any investment.

Once you have completed doing so, you may explore various ways to grow your money. In the meantime, keep your money in PNB unit trust ( ASB, AS1M, ASW2020 etc.) to beat inflation.
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post Jan 7 2013, 11:14 PM

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QUOTE(fahrur_07 @ Jan 4 2013, 09:17 PM)
i have 14k
i plan to use it on march this year for car downpayment
better to put it in ASB or fixed deposit?
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Quick answer:
ASB gives you 7.75% per annum. While, FD return is 3.00% per annum.
Which one do you think is better?

Better answer:
Is 14k all you have? Have you set aside 3-6 months of monthly expenses as your emergency fund?
If yes, then proceed to buy the car, otherwise don't. You are not prepared for the unexpected.
(But I would be wrong if you have rich parents).
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post Jan 7 2013, 11:18 PM

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» Click to show Spoiler - click again to hide... «

I feel for you and I am sorry to hear your story.
Hope you will be better off in the future and be in position to provide for other people.

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