Financial (Free+Survive)

Recently I watched The Oprah Winfrey Show.The show was talking about Financial Crisis nowadays especially in America.Financial expert Suze Orman was explained on how to survive in this chronic situation.

1) pay off your credit card(Thank God I already paid off mine..got loan from my mother in law..save on the interest part..and I will never never never apply or use credit card anymore...this was a big lesson for me!).

and check out this debt eliminator calculator ..

http://www.oprah.com/article/money/personalfinance/pkgyourmoney/20081119_expert_suzedebt


2)invest your money..
For us Malaysian:
a)Unit Trust
b)ASB-Bumiputera only(max 200K)..I am looking forward to topup my ASB ...

try this compound interest calculator to plan your saving needs..
http://www.oprah.com/article/money/personalfinance/20090115_expert_suzeinterest

3) Differentiate between the needs and wants..I really focus on this right now..I am holding what ever my "wants" item and try to save as much as I can...

4)Saving for Emergency.
You need at least 8 month of salary amount as a emergency saving..I also looking forward to ensure I got enough emergency saving for the future...


5)Saving for your Retirement

check out this link on how much you need to save for retirement according to you age..

http://www.oprah.com/article/omagazine/200803_omag_retirement

Happy Saving+Investing-Credit Card