Tag Archives: online income

Let Me Save The RM1,400 As Emergency Fund

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Posted by Vedis the DMP Blogger on November 20, 2009 – 9:55 am
Filed under AKPK Debt Management Plan, Auto Installment Loans, Credit Card Debts, Emergency Funds, Home Installment Loans, Income Streams, Saving Money, Spending / Expenses, Utility Bills / Phone Bills

Extra Money As Emergency FundHubby’s full time teaching income has been increased from RM1,500 to almost RM2,000 after EFP and SOCSO deduction.

With hubby’s RM2,000 net income, together with my online income of RM2,500 (my income is between RM2,500 and RM3,000), I must say that I don’t have to worry much like I did last time when hubby didn’t have a fixed full time job.

After paying the AKPK debt repayments of mine and hubby’s RM680, auto instalment RM820, home loan instalment plus bank overdraft interest charge RM530, utility bills plus Internet connection and cell phone fees RM270, and food and grocery expenses RM800, there is still about RM1,400 left in hand to be save as emergency fund.

Of course, the amount of RM4,500 only started to appear on the 28th of October! Prior to that, hubby’s income was still RM1,500.

Though there should be RM1,400 left to be saved in the savings every month, we still haven’t got the chance to own the full amount of RM1,400 and save it in the account. Why?

Well, there had been a few unexpected expenses that sucked the extra money and personal savings away. Eye specialist fee, bifocals, vitamins, supplements, wedding gifts and funeral money gifts, …

Ask the Chinese Malaysians that you know, how many wedding dinners they have attended and how much they have spent on gifts and money gifts for wedding from the month of September till now?

And how many more wedding receptions and dinners they are going to attend and the estimation of wedding money gifts they are going to fork out this December?

Ask too if they have ever received two or three wedding invitations which are/were held on the same day?

These few months are peak season for wedding! Wedding is the bride and bridegroom’s business, why do they have to make the whole world busy and waste money?

I will never forget a wedding dinner that I attended Kuala Lumpur more than 10 years ago. It started at 9 p.m, two hours late!

I waited for two hours! I should say I wasted two hours waiting for the dinner to start. You know, it’s only a not-so-close colleague’s wedding.

Yes, from what I have written, I am sure you can figure that I hate attending wedding dinners. And also birthday parties.

I am now at the stage of life where I want to spend my time doing the stuff I like. I no longer want to use my time to do other people’s stuff or stuff that make others happy because I give them face but in the actual fact I hate it.

Of course, there are exceptions. I will still attend family members’ wedding dinners and birthday parties. I mean those who are really really close and those whom I like.

So, when do hubby and I really get the chance to own the amount of RM1,400 and save it as emergency fund in the saving account?

AKPK DMP Blogger Is Free From $50 Annual Service Tax Per Credit Card!

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Posted by Vedis the DMP Blogger on November 13, 2009 – 2:38 pm
Filed under AKPK Debt Management Plan, Credit Card Debts, Credit Cards, Debit Cards, Debt Management Companies, Debt Management Programs, Financial News & Updates, PayPal Withdrawals

Am I considered lucky to be able to escape from the new RM50 service tax a year on every principal credit card and charge card since I am now in AKPK debt management programme? So is hubby :-)

Imagine how much annual service tax hubby and I had to pay if we still had the 15 credit cards!! 15 principal credit cards from 6 banks. Phew, it’s RM750!

According to financial analysts, it is predicted that at least 30% of the holders of 11 million cards in circulation who have more than one card will have to pay RM100 every year.

You know, the applications for new credit cards dropped by 80% following the Government’s announcement of the service tax starting 2010.

Don’t you think this new imposition is good to those who are thinking of applying credit cards? It scares them off and thus they carry no credit cards. No credit cards mean no credit card debts, right?

When there are no credit card debts, people will have no reason to turn to non-performing loans, short-term loans, personal loans, debt consolidation loans, AKPK debt management programs, or bankruptcy easily.

It’s also good to those of you who have stacks of credit cards; you are forced to reduce the number of cards you own. Having fewer credit cards means you have to cut down on spending, retail purchases and impulse buying.

Also, you get to learn to use cash and debit cards. As a credit-card-debt woman who is in AKPK’s debt management plan, I must say that I love using cash and debit card now.

I have had two debit cards, Public Bank Visa debit card and Tune Money Visa debit card. Both cards are not used for retail purchases. Noop. They are only used for collecting PayPal money from my online income.

Since PayPal has now allowed Malaysians to link their PayPal accounts to their Malaysian banks or overseas banks operating in Malaysia, I think I can totally stop using and renewing my Tune Money Visa debit card.

As for the Public Bank Visa debit card, I will keep on using as a backup for PayPal fund withdrawals.

Hubby's Fixed Payday Makes Paying AKPK DMP Debt Repayments On Time

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Posted by Vedis the DMP Blogger on August 28, 2009 – 12:26 pm
Filed under AKPK Debt Management Plan, Income Streams

Fixed Payday For AKPK Debt RepaymentsIt’s the 28th today and it’s hubby’s payday again. It feels great that hubby has a stable full time teaching job that generates a steady income.

Being paid on time on the 28th every month means that I don’t have to worry whether my Google AdSense earnings will arrive in time or the tuition fees will be paid on the last week of every month.

It’s fine now that the Google AdSense earnings and tuition fees are late. Hubby’s fixed payday that arrives on the 28th is more than enough to pay my AKPK debt management program repayment and hubby’s AKPK DMP repayment.

These two debt repayments are payments that must not be late; they must be paid by the 30th every month.

If given a few more months’ time, I am sure I can adjust making payments to AKPK DMP to the first week or second week of the month rather than on the last week of every month.

As for the utility bills and home and car loan installments, my Google AdSense earnings and tuition fees are enough to settle them.

Starting September, hubby will be the discipline master of his school. This means we will see extra RM400 in his September’s salary. All together, his salary is RM2,000 plus.

My online income and tuition business can still generate between RM2,500 and RM2,800 every month. But I am not satisfied. My goal is to push my online income to more than $1,000 or RM3,500 a month.