tag:blogger.com,1999:blog-156089102007-07-19T11:27:12.840+08:00chentongBlogger8125tag:blogger.com,1999:blog-15608910.post-1130073359342768712005-10-23T21:03:00.000+08:002005-11-03T11:00:44.170+08:00

In September 2005 issue, Reader's Digest suggested that we should not close credit accounts we no longer use. "When lenders decide whether to extend credit, they look how much of your available credit you're already using - poetically called your utilisation ratio." It went on, "Let's say you have five credit cards, each with a $10,000 limit, and your total balance is $6,000. That gives you a

chentongtag:blogger.com,1999:blog-15608910.post-1126889573428802042005-09-17T00:33:00.000+08:002005-09-17T01:03:09.743+08:00

The three credit cards system is a powerful personal credit cards administration system. 1. Charge your fixed payments (i.e. handphone, insurance, utilities, subscriptions, Astro, etc.) to your 1st credit card. 2. Charge your ad hoc payments like shopping, eating out at restaurants, groceries, petrol, etc. to your 2nd credit card. 3. The 3rd card is for emergency. The rule is, you only bring

chentongtag:blogger.com,1999:blog-15608910.post-1126100701610997092005-09-07T21:42:00.000+08:002005-09-07T21:56:47.790+08:00

Our refined article on preventing credit card mess published in EzineArticles. Credit card debts problem is extremely common today. It is usually the first sign of longer term financial troubles. How to manage your credit cards so that you will never fall into credit card mess? There are four pillars in preventing credit card debts problem. First pillar: Proper credit cards administration

chentongtag:blogger.com,1999:blog-15608910.post-1125587434813299742005-09-01T23:06:00.000+08:002005-09-01T23:10:34.813+08:00

More resource on dealing with credit card mess. Check this out, "How to take control of your credit cards?" by Suze Orman at Yahoo Finance. Beside the guides explore the right hand side bar.

chentongtag:blogger.com,1999:blog-15608910.post-1125138479553907222005-08-27T17:35:00.000+08:002005-09-01T22:26:33.173+08:00

Hong Leong Bank & HLG Securities offer Mastercard credit card that allow their clients to settle share purchase via credit card. At first glance, it seems to be a revolutionary concept. Using credit card to pay for share purchase actually extends your settlement days from T+3 to as long as T+50 days! On a closer look, the handling fee is 1.5% of the settlement value. So beside paying 0.6% normal

chentongtag:blogger.com,1999:blog-15608910.post-1124536092380168152005-08-20T19:03:00.000+08:002005-09-17T01:02:02.783+08:00

...continued Two actions for a quality lifestyles Action plan 11 Focus on quality and not on spending. Check your statement and identify your killer spending habits. The best coffee that I had was not from coffee bars like Starbucks, Coffee Bean, Strudels, etc. but from a small air-conditioned Indian restaurant in Leboh Ampang. The coffee is Bru Coffee and it cost me RM1. Action plan 12 Look

chentongtag:blogger.com,1999:blog-15608910.post-1124534897678262602005-08-20T18:26:00.000+08:002005-09-17T01:01:27.166+08:00

...continued Three actions from getting your magic number, budget Action plan 6 Find out your limit and set a maximum limit. How? Spend less than the total of a. One month income, less b. Your fixed monthly payment add 20% buffer If you spend any amount more than this magic number, you are either eating into your savings or increasing your debts. You don't have to do a detail listing of

chentongtag:blogger.com,1999:blog-15608910.post-1124530563225768112005-08-20T17:32:00.000+08:002005-09-17T01:00:51.536+08:00

Credit card mess is usually the first sign of longer term financial troubles. These are 12 amazing action plans to manage your credit cards that you will never fall into credit card mess again. We tackle the issue from four fronts: 1. Proper credit cards administration 2. Budget (no spreadsheet, no accounting, just 5 minutes with pencil and paper) 3. A different mind set 4. Quality lifestyles

chentong