QUOTE(ah_suknat @ Oct 2 2019, 09:22 AM)
Want to ask
Wife make 200k asb loan in may this year
So lets say the amount dividend is around 6k(may to december)
By next year, can the 6k liquidified anytime she want? Meaning can she withdraw the 6k anytime she wants?
Initially she want to take out the dividend to put aside as emergency funds, but I tell her (as far as I know) she can withdraw the dividend anytime she wants in post office or asnb branch as long as not touching the 200k.
why don't just cont to put inside?
I did actually survey those who loan asb.
majority of them have this mindset of only not touching 200k and spend the div they got.
they don't understand the compound interest. they don't know what is rule of 72.
I just like why waste the chance? tongkat given but throw away. then spend spend spend cant repay and then complaint when ccris.
my advise will be don't touch it if you can just leave it aside.
repay every month. just try not to touch any sen in the asb.