AKPK DMP Blogger’s Book Review: Tip-Tip Kewangan Untuk Rakyat Malaysia By K.C Lau – Part 1
This is a series of posts about ‘AKPK DMP Blogger’s Book Review: Tip-Tip Kewangan Untuk Rakyat Malaysia by K.C Lau’ – Part 1, Part 2, Part 3, Part 4 and Part 5.
05.05.2010 3.19 p.m.
Finally, the much anticipated book, Tip-Tip Kewangan Untuk Rakyat Malaysia, which was written by K.C. Lau, arrived at my doorstep this afternoon!
It’s a 353 mm x 250 mm envelope that’s too big to be stuffed into my mail box, so the postman left it on my door mat. Inside the envelope were two books sent by K.C. Lau.
One being his own book, Tip-Tip Kewangan Untuk Rakyat Malaysia while the other one, The 8-Day Internet Wonder by Edwin John.
I personally requested K.C to send me these two books for reviews because the topics fit my blog, www.FreeDebtManagementProgram.com, perfectly. My blog covers topics like credit card debt, AKPK debt management plan, emergency fund, saving money, spending, expenses, income streams, …
05.05.2010 6 p.m.
Okay, I am ready to share with you some of the tips!
As you can read from the title, Tip-Tip Kewangan Untuk Rakyat Malaysia, it’s written in Bahasa Malaysia. No sweat if you are a Malaysian, right?
There are 4 parts in the book:
Bahagian 1: Tip Kewangan Bijak
Bahagian 2: Tip Menjana Wang
Bahagian 3: Tip Menjimat Wang
Bahagian 4: Tip Melindungi Wang
As I am currently in AKPK debt repayment plan and very interested in picking up more saving money tips, I jumped to Bahagian 3 first.
Bahagian 3 – Menjimat Wang (Tip #13 – #17):
Tip #13 – Miliki Kereta Pertama Anda Secara PERCUMA. I totally agree with buying used/second hand cars to save money!
The first car hubby bought was a new one, Ford Laser 1.5, with RM826 monthly installment. He paid a total of more than RM55,000 for a 5-year auto loan and when he sold it, he got back only RM21,000.
The second car was a used Proton Wira 1.3, with RM620 monthly installment. The selling price was RM28,000 and it was at RM15,000 after 3 1/2 years.
The third car is a used Toyota Camry 2.2, with RM820 monthly installment and RM594 yearly road tax. It was bought before we got into very deep credit card debt.
During the time of struggling with increasing credit card debt, we did think of selling it to cut down spending, but we couldn’t. The amount of car loan still owed to bank was simply larger than the car selling price; there’s still a need to fork out a few thousand ringgit.
Now that with less than RM14,000 car loan to go, hopefully it can be paid off without difficulty by August 2011.
Go to ‘AKPK DMP Blogger’s Book Review: Tip-Tip Kewangan Untuk Rakyat Malaysia by K.C Lau’ – Part 2.
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