I love credit cards...

It makes my wallet bulky

I prefer to fill my wallet with cash
But that was donkey years ago, now I only keep rm50 in my wallet.

Cash will not be replaceable in transaction...
but future will be seeing more cashless transaction soon.
now hong leong got PEx.. use telephone number.
maybank got cashless payment
and some retailing line is using visa pay wave...

anyhow.. i will use cards if got the opportunity. Get points get rebates.. why not ?

My wallet always has more Cards than pieces of money available...

Credit card is definitely better, provided you pay all bills in time. First thing to do on first day of the month --> Pay CC bills (even though due date in the middle month). Make it a habit and you'll reap the ''bonus'' of having it. I've saved constantly more than rm 600 every year for using appropriate credit cards =)

Cashless transactions are the future looking forward to the day that Apple Pay/Google Wave is adopted in this region. Paying through my phone would be so much simpler. Even Tesco nowadays accepts cash on delivery via credit cards.

Yeap.. Cashless transaction is so much better, faster, cleaner and easier.
Imagine the cashier counter give you a change with full of 5 cents, 10 cents, 20 cents and 50 cents..

1 month back, the cashier at Texas Chicken gave me a change of around 85 cents or 90 cents - all with 5 cents...

5k for 2 years?

Why so desperate on that 5k? urgent use? does its loan and interest rate justify its value?

I've experience in borrowing personal loan, and that's almost 2 years ago, for purpose of house furnishing (that time don't want to touch reserve fund, house empty no furnitures...after most money gone for renovation.. )
Total = 20k; Tenure = 3 years; Rate (special promo rate)= around 4% pa

It really depends on what is the purpose of getting personal loan. Personally I wouldn't recommend it, unless ur situation justify its use.

For those living in condo, where management fees are payable every month.
You can opt to pay 6mths to 12mths in advance with a high cash rebate card. It is actually very worth it to do so..
Max out the rebate, and put to freezer until the next payment come

Just remember the cap of rebate. Once it's max up, put aside and use another card

Yeap.. That's the rules

A penny save is a penny earn.

Sikit sikit, lama lama menjadi bukit.

Coffee shops I go does not accept credit cards. But they are accepting barter system
So I only need to buy groceries and exchange with them for meals

When I'm paying cash at supermarkets, I'll make sure my receipts at rm**.10, then I'm getting rm0.90 each time. All these coins will be collected and pay at coffee shops. A large wantan noodle is rm4.50 with 3 wantans by default. Mine will be 5 wantans always. Since the owner having trouble to change coins(being charged by banks).

Just created this on Google Sheets for my team member to "see" and play-with, for visualizing & planning her future cash flow.

https://docs.google.com/spreadsheets/d/13lk...dit?usp=sharing

Thus - thought it'd be useful to others too.
Please note:
1. Please make a copy to your own Google sheets in order to edit at your own private pleasure.
U won't be able to edit the version i shared.
To make a copy: File >> Make a copy

2. EPF variables - specifically tailored to Malaysia
If U do not have any such items (it's like 401K, CPF, etc), just zero-rise the variable in yellow

3. Goals 2 to 7:
If U do not have them, zero-rise them.

4. Does NOT calculate taxes on investment or trading returns.
Please factor taxes in to get the net returns pa % expected.

5. Focus on Column D, Row 14 onwards - this is the cash-related investments that will be funding your retirement and goals.
If the row's cell is NOT red, U should be ok.
Red = no more investments to fund anything from that year/row onwards

6. Anything else?
drop me a line here and i'll see if i can incorporate the idea OR clarify usage of existing.

https://docs.google.com/spreadsheets/d/13lk...dit?usp=sharing

Thanks alot for this!!

My friend currently have 30k credit cards debt but he plan to pay the debts using personal,loan so that he going to focus on one bank for repayment only. But sometime,he miss the payment 1 to 2 months.not regular but some times only..his salary around 3.7k to 4k and he wants to loan 30k,is it possible for him to get the loan?

Using loan to pay loan?
Only can say good luck.

Gali lubang, tutup lubang kes.
Can specify how many cards he/she have?

Get AKPK help

After getting akpk help,what is the limitation for him?suprisingly he still have housing loan and car loan but his payment for loan ontime with fullnamount. This is what he btold me..just that the debt what because of his family issue. But now he want to settle it through personal loan and then cut all his credit card