• Budgeting
  • Consumerism
  • Credit Card
  • Economy

How Much Money You Can Collect for Retirement from Superannuation / Retirement Plans

In Australia, retirement plan fund is compulsory and paid by the employer. The amount is 9% of total salary. In other country (401k in US, Personal Pension Scheme in UK, or CPF in Singapore, etc) all the rules and terms can vary, but the main principal remains: you set aside some money from your salary to be use in your retirement. Of course , ideally, the money then is invested to provide you even greater amount. This is where harder for you to guess correctly how much it will be as the performance of your investment is not really known until it comes. But it is easier to start with how much we can collect, then we do some simulation to see how it can produce.

Rule of Ten: The Least You Can Do

Let’s face it: saving is not that easy with all of those bill and additional expenses that we need to cover. But fortunately, it’s not that hard either. As long as you are willing to commit to it, a little tip and rule of ten, will help you go trough this small hurdle of making a saving.

For the Savvy, There is No Junk Mail ?

I think it’s everywhere. The junk mail that is. In our place they come weekly without fail. From local restaurant, supermarket, department store even from local politician and many other sources, they just somehow stuck them in in your mailbox. But put your frustration aside, can this “junk mail” or more politely marketing material can be used somehow to boost our finance matter ? Yes, why not? They are here already anyway. Check this out…

Taking a mortgage ? Do Not Change Your Lifestyle Dramatically

My observation could be too narrow, but from what I saw, when someone want to take a mortgage, he/she tends to go for the maximum available even exceed it. The argument usually that they can still afford the repayment, so there should be no problem taking that amount of mortgage/homeloan. It seems they forget one golden rule that I always endorse: if you take a mortgage you cannot change your lifestyle dramatically.

Why (almost) Everything In Australia is More Expensive than Overseas ?

Recently, where AU$1 can buy more than US$1, here people in Australia start to get more and more notice about how much more expensive is everything in Australia. Some big retailer blame the tax policy and online / internet retailer. The problem with that is sometime the difference is not proportional to the tax being discussed. If it is not the tax, then what is the factors that make (almost) everything in Australia more expensive ?

Purchase Cheap Online ? Maybe Not: 2 Most Important Tips – No, Not About Security

So you heard that buying online is a cheaper alternative… But hold on, are you sure about that ? Below is the 2 most important tips, that one should never ever forget to do before doing any purchase online…It’s not about the security yada yada, it more fundamental than that….

No Deposit, No Interest, No Repayment Offer. Very Interested !

From time to time, this familiar phrase “No Deposit, No Interest, No Repayment” comes on the commercial break on your TV. The offer varies the period. Sometimes only for 12 months, but if the time is right it can be up to 40 months. (Yes, only about 3.5 years later you need to worry about the payment). Sounds to be good to be true? Actually, it’s not. It’s real and simple and everybody happy. You just need a discipline !

No Christmas Debt Next Year !

Christmas is about giving, and that’s exactly why we got another “Christmas Debt” this year: buying too much gift or too expensive gift for all the one we care. The problem is we know each time that we will a bit overspend during Christmas, yes, we can blame it to the holiday spirit, but we need to do something to make sure next year we will be without xmas debt!

No Deposit, No Interest, No Repayment Offer. Very Interested !

From time to time, this familiar phrase “No Deposit, No Interest, No Repayment” comes on the commercial break on your TV. The offer varies the period. Sometimes only for 12 months, but if the time is right it can be up to 40 months. (Yes, only about 3.5 years later you need to worry about the payment). Sounds to be good to be true? Actually, it’s not. It’s real and simple and everybody happy. You just need a discipline !

No Christmas Debt Next Year !

Christmas is about giving, and that’s exactly why we got another “Christmas Debt” this year: buying too much gift or too expensive gift for all the one we care. The problem is we know each time that we will a bit overspend during Christmas, yes, we can blame it to the holiday spirit, but we need to do something to make sure next year we will be without xmas debt!

Manage Your Only Credit Card: Don’t Fall Into Debt, Get Out If You There !

I can think 2 main categories why one doesn’t want to have or use credit card. First one is due to some supernatural strange belief related to debt and the use of money. Really cannot do anything about this. The second category is the one that not really sure how to use or manage a credit card and don’t want got trap into debt trap. Well, I can help with this one.

Credit Card For Overseas Travel: What Is The Cost?

More and more people are traveling overseas compare to 10 years ago – thanks to globalization and the boom of “low cost airline”. But how they actually fund themselves on that overseas trip? I would bet that most of them will just carry the cash with them. Probably they don’t really know that their credit card can be used for the trip. But what is the cost of doing that ? Let see why using credit card should be the most convenient, cheap and safest way to use for your next overseas travel.

Kiyosaki: “Savers are Losers” – A Sad Truth with a Catch

One of principle that has been emphasized by Robert “Rich Dad” Kiyosaki is that “Savers are Losers”. Yes, you read it right: the one who saves money are the losers. This is actually a sad truth that nobody can denied. But why he even say that? Is that mean we don’t have to save money at all ? What’s the catch ? Since when ?

Behind Cash Back Offer: Why Company Give Away Cash?

Ever see promotional brochure that mention you will get a cash back if you buy certain product? Have you ever think about it why they make it so complicated ? Why just discount the price – end of story…? In this article you will know why it is and so you understand if this marketing strategy will be more and more often be used by more company near you….

Inflation Is NOT Price Goes Up: Common Misconception

If there is one thing that you need to know from ‘macro economics’ world, it is “inflation”. Contrary to popular believe, this word have no direct impact to our day to day life. But why people talk about this every day as if it’s a food or something? The reason is there is common misconception about the meaning of “inflation”. I explain in plain english that even a primary school student will never ever misunderstood this ever again. And by understanding it, you will see your finance position like you never seen it before !

  • Finance
  • Insurance
  • Mortgage

Extra Money: Pay Debt or Invest ?

From time to time, we will have some extra money. And if you are a savvy person, you want to make sure that extra money can be used for the maximum bang for the buck. The classic question is whether to use that money for new investment (term deposit, high interest online saving account, stock trading,etc) or just to pay existing debt, i.e: reducing debt (put into offset account of your mortgage, reduce credit card debt, etc). How to decide this in confident manner and what factor is really determine the decision. You will be surprise that it is all come back to the income tax rate that you are on !!! And also we will introduce to you a new elegant tool/formula to calculate the decision in quite precise manner.

Understanding IOP Ratio: To Invest or To Pay Debt – The Decision Tool

IOP (Invest Or Pay, Investment Over Payment, Investment On Payment) is a financial indicator to determine the most profitable between paying existing debt or use the money to take new investment instead. This ratio is mainly use for personal finance to determine the biggest bang for one’s extra money, but can be used in any other situation. First appeared on financebyme.com website, this ratio have been very good guidance to make such decision: invest or pay debt ! This article is to explain to the great detail the formula behind the ratio.

Funeral Plan Insurance ? Probably…..

I hope this was not some kind of signs or anything, but one of the insurance...

Insurance? 2 Kinds of Premium Pricing You Need to Know

No matter what kind of insurance you want to get, if you are expected to pay the premium continuosuly, it usually falls into 2 different kinds of pricing that we will discuss today: the stepped premium or the level premium. Although each has positive and negative factor, there is not much consideration as one type is much better than the other. Which one? Let’s get started…

A Sweet Revenge: Let The Banks Pay Your Debt

Here is the thing. Most of you in one way or another, sooner or later, will probably think that the bank you deal with is ripping you off. Homeloan rate, Account keeping fee, monthly fee, yearly fee, transaction fee, exchange fee, settlement fee, break up fee, overdraft fee, loan fee, ATM fee, dishonor fee, name search fee, etc, etc – you name your reason. Well, cannot really blame them as they are in the business to make money by providing financial service, i.e: not charity or foundation that will serve you for free. Now, having said that, how about if there is a sweet way to take revenge to your bank that make them pay your debt: it’s legal, it’s very sweet with very little effort. Interested… Keep reading.

Pay Off Your Mortgage or Not ?

This is probably the most popular question related to mortgage. If you have extra money, will you better off use it to pay off the mortgage (reduce your homeloan) or not ? What you will read here need open mind and a little bit knowledge about economy but if you never though about it before, it probably will blow your mind !

Offset Account, Tax and High Rate Term Deposit/Saving Interest

Still in the cloud of Global Financial Crisis, some banks often offer very generous high interest rate for saving account or term deposit, even much higher than their mortgage interest rate. So, if you have mortgage as well, is it better put any extra money in this high interest saving or put it in the offset account of your home loan ?

Fixed Rate or Variable Rate ? See This Simulation, Get Clear Answer!

When interest rate is expected to be going up, the classic question of most mortgage holder is “should I fixed my rate or keep it variable”. And most answer they got will be the usual vague notion: “It depends”. Well, do not settle with that answer, because with simple simulation below you will have your answer yourself with your own number! (The good news is, don’t worry about the calculation as the software will take care it for you)

Patrice Washington: Solutions to get out of debt

Tony Robbins: End Financial Self-Sabotage

Kiyosaki: Be Successful In YOUR Business Opportunity

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