Money Magnet

Thursday, December 7, 2017

Nowadays, I can't live without Internet. I need to be 'online' most of the time. I need Internet to complete my work, to communicate with my friends and family, and I need Internet for leisure reading. Even my 1 year old baby also loves to watch youtube. So, unlimited data is important for me.

When webe first launched its unlimited data mobile postpaid plan, I am among the early users. Had been using it for more than a year now. So far I am happy with it. Webe mobile is even better now with free 10GB hotspot tethering at LTE coverage area.

In term of speed of webe mobile, based on my own testing in Kuching (Sarawak), I managed to get between 6Mbps - 43Mbps for download and between 3Mbps - 11Mbps for upload. Personally, I am happy with these speeds. Again, the speed varies depends on the location and at best effort.

If you're someone who need unlimited mobile data (be it for work purpose, or for watching Korean dramas), webe mobile will be the best solution for you. Register now at webe website before it's too late. Not to worry because there's no contract involved. So, subscriber are free to terminate or switch out to other telcos anytime.

Tuesday, November 28, 2017

Are you a PTPTN borrower? Have you graduated? If your answer is 'Yes' for both questions, my next question would be 'Have you start paying your PTPTN study loan?' I hope your answer is 'Yes' too. Else, you might get blacklisted by PTPTN. And if you get blacklisted by PTPTN, your name will be under Travel Blacklist too, which means that you are not allowed to travel outside of Malaysia.

Imagine you and your family had been preparing for the dream winter vacation in Hokkaido, Japan. While at the International Departure immigration clearing gate, you steadily handed in your NRIC and passport but then you received the shock of your life when the officer tells you that your name is blacklisted and you are not allowed to leave the country. You got angry, frustrated, ashamed, devastated.. You can have all the feeling but it is useless because you will need to make arrangement to settle your PTPTN study loan.

To avoid this from happening, you must check with PTPTN if you are under PTPTN blacklist. There are 4 ways to check if you are under PTPTN blacklist:

If you suspect your name is under PTPTN blacklist, I suggest it is best to call PTPTN Careline or walk in to your nearest PTPTN office. Of course, the best would be start paying your PTPTN study loan. If you are not able to do so, talk and find a solution with PTPTN officer. Be a responsible rakyat!

Friday, November 24, 2017

Recently I have been doing some intensive reading on bitcoin. I am still a newbie and there are still a lot to learn about bitcoin. After some consideration, I decided to invest in bitcoin. I shared below step-by-step on how to buy bitcoin in Malaysia:

1) Open an account at Remitano - one of the many available bitcoin exchange in Malaysia.(note: referral link)

2) Look at 'List of Sellers'. Do some 'study', pick a favorable seller (I choose the same banker with me to ease online transaction). Take note of minimum and maximum bitcoin available for preferred seller. Take note that you have sufficient balance in your bank account and also take note of your transfer limit so that you will can smoothly transfer your money to the seller within given timeframe.

3) Get ready your BTC address (You can have it under tab 'BTC Wallet' -> 'Deposit'. Your BTC address is the string of alphabet and numbers). Make sure you provide the accurate BTC address because the transaction is unreverse-able. Always play safe and double-check.

4) Click on the preferred seller to see more details. Once you are confident, paste your BTC address and hit 'Buy BTC'.

5) You will be able to see the payment details of the transaction.

6) You will have 15minutes (timer is running) to complete the payment (online banking).

7) Once you made the payment through online banking, click 'I have paid seller' button.

8) Seller has 3 minutes (timer is running) to transfer the bitcoin to your Remitano account.

9) Once the bitcoin is transferred to your Remitano account, you will be able to see the new bitcoin balance reflected on the top left of your account and transaction is completed.

Along the way, feel free to get help by clicking the 'chat button' on the bottom right of the website. In case there's any dispute during the transaction, hit the 'Dispute' button. Remitano team will appear to assist.

Strong Reminder 1: Bitcoin price is a highly volatile. Invest only what you can afford to loose.

Strong Reminder 2: You should do your own research to understand more on bitcoin before decided to invest or buy bitcoin. Again, invest only what you can afford to loose.
Strong Reminder 3: Make sure you ensure your bitcoin is secured.

Friday, November 17, 2017

Based on my post earlier on how to check PTPTN Pin Number or 'Nombor Pinjaman', there were quite a number of response and inquiries. Since the post was published more than 2 year ago, today I decided I should update a new post on how to check for PTPTN pin number.

So, I called up the PTPTN Careline @ 'Pusat Khidmat Pelanggan' today. The step-by-step on how to retrieve my PTPTN pin number as below:

3) I told her I would like retrieve my PTPTN pin number or 'Nombor Pinjaman';

4) She asked for my NRIC;

5) She asked for my full name for verification;

6) Then, she gave me my 5 digits PTPTN pin number.

The whole process only took about 1 minute! Also, if you browse PTPTN Careline website, you can also see a list of name and details (designation, mobile phone number and email address) of the PTPTN officers for PTPTN Careline section. Most importantly, the PTPTN careline is available daily (monday-sunday), 8am-10pm. I am truly impressed! Great job to PTPTN team!

Thursday, November 9, 2017

It is now towards the last quarter of 2017. In less than 2 months time, we will be leaving 2017 and welcoming 2018. Time flies. It is also time for us to have a look at our financial plan including to have a picture of our yearly income tax assessment. It is better for us to do earlier so that we have sufficient time to plan and act on what to spend and what not to spend.

For income tax assessment year 2017, there are some changes and additional items on tax relief compare to assessment year before. The changes and additional tax relief for assessment year 2017 as below:

3) Tax Relief for 'Child care fees to a Child Care Centre or a Kindergarten' Limited to RM1000

For assessment year 2017, item (1)(iv) is a 'come back' from year 2010-2015. Item (2) and (3) are something new compare to assessment year before. For purchase of personal computer, previously was RM3000 and only once in every 3 years.

Monday, September 25, 2017

In recent years, more and more transaction goes online - ebanking, online shopping, online renewal of services, travelling arrangement and many more. 20 years ago, we would need to queue and get a number before we can deposit our cash or before we can get our air ticket. Nowadays, we can deposit our cash either through the machine or with just a few clicks. No more queue. And much less human touch.

Also noticed that, more and more local financial institutions are merging up. After merging up, relocation of outlets will happen. Some less important outlets will be closed down and staff relocated. Headcount freeze. Existing employee will need to take up multiple roles and encouraged to multitask.

The technology that we have today are making our life much more convenient and simpler. But, at the same time, it is also killing work opportunities. In the near future, companies will only need to employ a few employees for monitoring all the technology automation.

I start to wonder. What will happen when my baby is ready to join the workforce?

Can we stop all these? No. There's no way we can stop all these from happening. Instead, things will move faster and faster everyday.

It is time for us to find a balance between all these. And I better start telling my baby not to join the workforce but instead, create a workforce...

Wednesday, September 20, 2017

Having a baby is a big decision for many of us. With a baby, come many responsibilities and many changes as well as adjustment in our life. Well, there will be many sacrifices as well. Nevertheless, the happiness and joy that a baby will bring to a couple's life, is unexplainable and immeasurable.

A baby also come with high financial commitment. For me, the biggest part of the financial commitment goes to child care. I pay my baby sitter RM650 per month for taking care of my baby while hubby and me at work. Some of my local friends in Kuching are paying RM600 to RM700 per month. There are also co-workers who shared that their relatives take care of their babies with monthly fee of RM250-RM350. My colleagues in KL are paying between RM800 to RM1200 per month for child care. But, most important is we trust the baby sitter will take good care of our baby.

Feel free to share in the comment how much you are paying for your childcare services.

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About Me

I am Michelle from Kuching, a small developing city in Malaysia. I hope my sharing on financial matter on my blog will bring benefits to all my readers. For inquiries, please contact me at yan6500 [at] gmail [dot] com

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