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Saving money is not always as easy as it first seems, and all those good intentions and budgets can fly out of the window without you even noticing – so why not try some more unusual money saving tips? Here are five of our best tips to help you save up! Never pay with coins That’s right, take out all those coins weighing down your purse or wallet and put them in a piggy bank or jar instead. That 10 Sen coin isn't worth much on its own, but once you start saving up all your coins, it can add up to a considerable sum. Avoid the temptation of dipping into your coin fund by storing in it a tin with just a coin slot at the top. If you have to get out a can opener to access those coins, you’re more likely to wait until it’s full before you open it!   Never say NO to a freebie Whether it’s free shampoo and soap from a hotel or free condiments from a restaurant, stock up! These free products are just as good, but with the added bonus that they cost you nothing. It also means that...

In an age where the common degree has become a pre-requisite and not so much an advantage, ensuring that you have enough to see your children through a reputable university has inadvertently become one of the most important responsibilities you’ll face as a parent. Unfortunately, knowing how much to save for your kids’ tertiary education is not an easy question to answer.  In fact, it is downright complex in view of the vast differences in costs from degree to degree, university to university, and country to country.  And even for those who do have a number in mind, there is still the question of when you should start saving , using which savings / investment vehicle. If you have been wondering about your financial capabilities to finance your kids’ tertiary education, or you have been seeking a workable method to save a sizable study fund for your children; allow iMoney to shed some light on this matter with their latest infographic: Courtesy of iMoney.my

Most probably you are reading this while shopping, waiting for your wife/girlfriend trying on a new dress or shoe? Congratulation... You're never be more relevant to read this article. Wait, what is the 3rd way? 1st way ---> Cash 2nd way ---> Credit Card 3rd way ---> ??? Introducing the NEW concept of shopping... The whole idea behind 3rd way is to promote responsible shopping within our community. With proper planning, you can avoid spending all your cash on the item you want. Instead, you can shop and be rewarded with the interest rates from saving the extra cash reward. You can plan to spend your money for a gadgets, a journey or whatever items and get amazing deals and pay in the future, helping you to get the things you want hassle free. After changing the buying concept, you will arrive at an interesting question: " If shopping could be free from pain of credit and the guilt of cash, what would I buy? ". Happy answering... Yup. This is the new concept that ...

In general, banks define dormant account (sometimes referred as inactive) when an account does not have any transaction (deposit or withdrawal) for a continuous period of at least 12 months. When your account becomes dormant, the bank would send you a notice letter to the registered mailing address to remind you to activate your account. You may be required to withdrawal or deposit some money over the counter to re-activate your account. What are the charges? In addition, should your account balances be RM10 or less , the bank would also inform you of its intention to close the account. The bank will send you a 2nd reminder when it does not receive any response from you (i.e. for activation of account or objection to the closure) within 3 months after the 1st notice. If there is still no response after 2 notices, the bank may proceed to close the account and absorb the balances as service fee. For account with balances of more than RM10 , the account will usually be charged with a dor...

For the financial year ended 31 December 2010, Employees Provident Fund (EPF) announced a 5.8% dividend rate. This translates into RM21.61 billion, which is the highest dividend payout amount ever to members, an increase of 11.55% over the 2009 dividend payout of RM19.37 billion. For the year 2009, the dividend rate is 5.65%. "The remarkable investment income achieved in 2010 was especially driven by the performance of equity investments. The improved financial and economic conditions provided the market with sufficient liquidity, allowing profit taking activities throughout the year", said EPF chairman in statement issued. Who is the main contributor? Buoyed by a good year for the equities market, equities were the largest contributor to the EPF's gross investment income in 2010, representing 45.45% of EPF's total gross investment income. ( See Table 1 ) Source: EPF website During the year under review, EPF total investment assets also continued to register healt...

Effectively today (31st December 2010), the deposit insurance limit will be increased to RM250,000 per depositor per bank, announced Perbadanan Insurans Deposit Malaysia (PIDM). Below is the summary of the said announcement:- The new PIDM Bill 2010 has been passed in Parliament. The limit of RM250,000 will protect 99% of retail depositors in full. Under the new Bill, foreign currency depositors will now enjoy deposit insurance protection. The enhanced financial consumer protection package also includes the expansion of PIDM's mandate to include the administration of the Takaful and Insurance Benefits Protection System (TIPS). Licensed insurance companies and registered Takaful operators will automatically become member institutions of PIDM. PIDM was given the powers to intervene in or resolve troubled insurer members and ensure prompt payments to claimants. PIDM is Malaysia Government agency, mandated by Parliament, to protect depositors against the loss of their funds in the...

Last weekend, I went up to Genting for relaxing and escape from the warm weather in KL. Wondering how could Malaysians live in such condition in the next decades, if the temperature going up consistently?   Amazingly, when I turn-on the television, a GREEN  programme was on-screen. Instead of sleeping, I watched the whole documentary about some great ideas or innovations being researched by scientists in US. The programme highlighting 4 green ideas: 1. Green Insulator The insulator is made up with a special liquid gel , which could prevent heat transfer up to 350 degree Celsius. It can be applied in the glass ( transparent ) of any building, to bring the sun light in, without heating the interior. We can expect 20% energy saving from air-conditioner and lightnings. 2. Green Roof We heard of the this idea long time ago, where people planting on the roof. - it could absorb heat from entering the building. - it could release fresher air back to environment just like jungle ...