A while ago, I heard of this thing people are doing called “tarik gaji” but the explanation sounded convoluted so I paid no mind to it. It wasn’t until recently I tried to comprehend what it was. And to my surprise, this tarik gaji thing was something that many people seem to get involved in!…
I came across someone asking this question on Reddit recently: “Is it a good idea to have 2 banks accounts from different banks. Like one for my saving and the other for my expenditures?” It sounded like a very simple question to answer but as I replied, I started asking myself the question: “Why 2…
When people hear the term “insurance policy”, a few things come to mind; silver-tongued insurance agents and “if you die” scenarios just to name a few. And yes, while these are some facts of life about these financial instruments, it’s hardly the only things you should know about them. This time around, we will explore…
One day, I was browsing a forum about money habits and it found a lot of people saying “I can’t save!” I find it interesting that there really are 2 types of people: those of save and those who so-called “can’t”. Saving up is one of the cornerstone disciplines for our financial plans. If you…
Last post, I was pretty heavy handed in judging BIBD’s new initiative to get people to save. While I don’t agree with them calling this product a “Certificate of Deposit” or CD, there are some ideas that stewed in my mind. One of this came from a conversation I had with a friend of mine.…
I always like it when you guys interact with me whether through my contact form, social media or simply commenting. One particular Reader sent me a link to an article by BizBrunei about this thing called BIBD Aspirasi and asked me what I thought about it. So our local bank, BIBD had an interesting little launching of…
Tabung Amanah Pekerja (TAP) and Supplemental Contributory Pensions (SCP) are both government initiated pensions schemes. One of my earliest posts was about them! This scheme is applicable to Bruneian citizens and permanent residents. What I didn’t talk about in detail was how you can calculate TAP and SCP contributions. And to be honest, you don’t need to…
Whenever we talk about finances, usually people will talk about savings, investments, spendings and debt. Rarely will you hear anyone mention building up an emergency fund – with good reason. Emergency fund is not as “sexy” as something like 40% gains on Bitcoin (followed by a 70% drop har har har). Jokes aside, building up your…
So you’ve read my post about whether you should buy or rent your home and decided, “Hey, I want my own place! YOLO!” Next comes the part where you research more into buying a house. That’s when you realise that there’s a lot of money that has to go into this aspiration. So what can you…
