Saturday, February 4, 2012

Top 30 All-Time Personal Finance Posts (Part 2)

Top 30 All-Time Personal Finance Posts

11. Do You Know Your Bank Balance?

Have you ever issued bounce checks? Do you know your available bank balance before you issue a check? Do you maintain a daily record of your banking transactions? The only way to have a trouble-free relationship with your bank is to keep your bank accounts in order. The only way to do it is to keep your own record and reconcile with the monthly bank statements. Here are the things that you can do so that you are in control of your own bank accounts:

12. 10 Effective Ways to Save Money

The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got. ~Will Rogers

What are the smart and effective ways to save money? I can think of the following:

13. Credit Cards and Young People

According to a report from Credit Counseling and Debt Management Agency of Bank Negara Malaysia or The Central Bank of Malaysia, among the card holders below the age of 30, 50% of them are unable to settle their credit card debt and they have to declare bankruptcy. In the survey, among the delinquent card holders, 22% cannot properly manage their personal finance and another 27% cannot control the use of their credit cards.

What can young people, especially fresh graduate, do to manage their personal finance? Here are some useful tips

14. 7 Things to Do Before You Retire

Preparation for old age should begin not later than one's teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement. ~ Arthur E. Morgan

It is reported that the average lifespan of Malaysian is about 75 years. When you retire at age 55 there is still 20 years ahead of you to live. What should you do before you retire so that you are financially independent during your golden years?

15. Effective Shopping Reduces Expenses

Whoever said money can't buy happiness simply didn't know where to go shopping
.  ~ Bo Derek

Beware of little expenses; a small leak will sink a great ship ~ Benjamin Franklin

Grocery shopping is fun in the cool comfort of the mall. You can make shopping more pleasurable by adopting the following strategies to get what you want and worth every cent of your money.

16. 10 Bad Habits to Avoid and Reduce Your Expenses

Do you have these bad habits which are not only a drain of your financial resources but they are also detrimental to you good health?

17. How Safe is Your Money in the Bank

In Malaysia, there is a system established by the Government to protect depositors against the loss of their insured deposits placed with member institutions in the event the member institution fails. It is administered by Perbadanan Insurans Deposit Malaysia (PIDM) and brought into effect in September 2005.

All types of depositors, whether businesses or individuals, are protected. The maximum limit of coverage is RM250,000 per depositor per member institution.

Your deposit with member banks are covered automatically and it is free. When you have one million Ringgit you can deposit with four different banks and not four different branches of the same bank at RM250,000 each to get effective cover.  

Your money may be safe in the bank but is it productive? There are two factors to consider:

18. 10 Money Matters to Teach Your Children

We, as parents, have made many gains and losses in personal finance. It is our duty to share what we know so that our children can take advantage of the knowledge to invest wisely and also to avoid the pitfalls. I think the following are the 10 most important things our children should know and follow faithfully. 

19. 8 Reasons Why You Have Unmanageable Debts

The following are the reasons why people seek help from Credit Counseling and Debt Management Agency of Bank Negara in Malaysia:

20. Effective ways to avoid debt

According to the general manager (operations), Azman Hasim, of Bank Negara Malaysia’s Credit Counseling and Debt Management, there are three reasons why people over borrowed – greed, lifestyle and unavoidable circumstances. How do you take steps to avoid unmanageable debts?


  1. I jumped to this Part 2 without seeing the Part 1 yet. But it's fine - there's no ,story to follow. So I ended up clicking on to the last one on effective ways to avoid debts, unfortunately I got the Error 404 page. And so I jumped to #12 which happen to be one of the finance blogs I follow.

    For individuals like me with pile of debts and who struggles to make saving as a habit, wisdom from other experiences are precious. Currently, I'm applying the "Snowball Debt Plan " by Dave Ramsey to keep me motivated on paying debts.

    Best regards,

  2. Thanks for pointing out the error. It has been rectified. Thanks for visiting.


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