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Money Matters

Manage Your Credit And Loans Online With CreditSesame.com

It’s always interesting to find good personal finance sites that are created to help people manage their credit, or complicated loans like loan mortgage refinance. And I have just found one new site which you may be interested in managing your credit and loans online – CreditSesame.com.

What Can CreditSesame Do For You?

When you have signed up with CreditSesame (it’s free to join), you can actually input and monitor your credit, debt and loans details within their interface. After which, you can also track your Credit Score.

CreditSesame will then do their own analysts based on thousands of loans from major banks and then use the information collected to evaluate against your own personal financial situation. Of which, you can get their recommendations and options that will help you to make changes and save you money over time.

CreditSesame will also help you to analyze your loans, credit, mortgages and credit card debt and present to you the facts like:

– Your free credit score

– Home value data

– Debt-To-Income Ratio

– and whether your debt is optimized

CreditSesame Is Honest On How They Make Money

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If You Are Into Shopping, Always Do It With Sites Like Savings.com

Have you started to use discounts and coupons sites like Savings.com and GreatDeals.sg to help you in saving more money in your shopping? If not, read on to see why you would need such sites especially if you do online shopping.

Creating More Budget For Your Financial Planning

If you are serious about your Financial Planning, you would know an important factor in doing well, is to have enough Budget.

And to have more Budget than before, a common area is to look into your daily expenses and seeing how to reduce them in a sensible manner, without affecting your inner feelings (the urge to ask yourself if it’s worth doing all this).

For most people’s daily expenses would definitely include some form of shopping – either going online or to the shopping mall. And to enjoy the moments of shopping and yet not hurting your pockets, would be to do it at times when there’s discounts!

So what happen when there’s no discount but you have the urge to do some shopping to enjoy some ‘therapy’?

Though you can’t demand shopping malls to have discounts for you, there’s always the online shopping malls that you can turn to and the Coupons and Discounts Site like, e.g. Savings.com

If you have been doing a lot of online shopping but not been using sites like Savings.com to give you more discounts, it’s never too late to explore such avenue.

So How Do Sites Like Savings.com Work?

In simple terms, Savings.com displays the best deals you can find on those online shopping sites without you going to each of these sites on its own.

For example, if you head over to Savings.com, you will be able to see discounts and coupons like:

Read More »If You Are Into Shopping, Always Do It With Sites Like Savings.com

15 Signs That You Are Going To Have Credit Card Debt Issues

Are You Holding On To Any Credit Cards?

(Image courtesy of LotusHead of sxc.hu)

If so, have you been making payments (in full especially), for your credit purchases, on time?

If you are not and just making the payments for the bare minimum and having signs that you are going to default the next few payments, then these are some signs that you are going to have Credit Card Debt Issues!

The Problems Associated With Credit Card Debts

With all the perks offered for having Credit Cards, there’s also the negative side to having them especially if you are one of those who have issues making full settlement on time. Time also has a part to play because of the existence of the interest rate and this interest rate is compounding!

To have an interest rate compounding on your outstanding debts can be quite scary in the long run… Imagine just have a debt of $1,000 and an annual 24% per annum Finance Charge imposed on this amount. And there’s the common practice of using 2% (24% divided by 12 months) per month to compound.

So your actual outstanding loan per month will be like this:

  • First Month $1,000 + $1,000 x 2% = $1,020
  • Second Month = $1,040.40
  • Third Month = $1,061.21
  • Fourth Month = $1,082.43
  • Fifth Month = $1,104.08
  • Sixth Month = $1,126.90
  • Seventh Month = $1,149.44
  • Eighth Month = $1,172.43
  • … Twelfth Month = $1,269.07

From the mere of $1,000, the debt grew to $1,269.07 at the end of a year. And what I have shown you is just a simple illustration of a small loan debt (is your usual debt usually this small?) and that you are not going to make any further credit card purchases (is it possible? are you able to avoid the temptation?).

Along with a growing Debt, there’s also the other problems like:

  • Your Credit Score being affected – you may not be able to take up loans in the future (even if it’s a time of emergency)
  • Your Savings Affected (together with your Financial Objectives) – if you do not get out of this situation fast, your long-time savings may get used up fast, resulting in you not achieving your Financial Objectives.
  • No Peace Of Mind – just think of the number of letters you will be receiving for late bill repayment or even personal calls checking on your financial situations.
  • Lifestyle Affected – at times like this, you may find it hard to ask for loans from your friends or family. It’s not their fault. They do have their own financial commitments.

If you do not wish to be facing such issues, you must be aware of these:

15 Clear Signs That You Are Going To Face A Credit Card Debt Issue

Read More »15 Signs That You Are Going To Have Credit Card Debt Issues

Learn The Basics To Stock Trading With These Two Books

As you know, part of a good Financial Plan, would include having instruments that help you to

1. Make your money work harder (not you working hard to make the extra dollar) so that you can achieve your goals faster and having adequate savings for your retirement

2. Beating the inflation (when the price of a certain good increases by a X%, the interest rate on your savings/investment account is more than X%, that’s beating inflation)

There are common methods to help you achieve the above like Investment-Link Plans (through Insurance Companies), Investing into Unit Trusts (through Financial Institutions or Brokerage Firms) or through Stock Trading (On your own and Trading like Warren Buffett).

And for the purpose of this post, I would like to recommend the method of Stock Trading with the introduction of two books, that I have personally read, that would help you to learn the Basics of Stock Trading.

Image by Christian Ferrari - http://christian-ferrari.blogspot.com/

These two books are :

  1. Ho Kok Mun’s How To Make Money From Your Stock Investment Even In A Falling Market
  2. Adam Khoo & Conrad Alvin Lim’s Secrets of Millionaire Investors

What You Can Expect To Learn From These Two Books

1. Ho Kok Mun’s How To Make Money From Your Stock Investment Even In A Falling Market (187 Pages)

Read More »Learn The Basics To Stock Trading With These Two Books