Friday, March 18, 2011

Bank Negara sets new rules for credit cards

Published: Friday March 18, 2011 MYT 12:41:00 PM
Updated: Friday March 18, 2011 MYT 2:33:40 PM
Bank Negara sets new rules for credit cards

Minimum annual income requirement raised to RM24,000

KUALA LUMPUR: The minimum annual income requirement for credit card eligibility has been raised to RM24,000 from RM18,000, effective immediately, in a move to keep household debt at manageable levels, Bank Negara announced Friday.

For cardholders earning RM36,000 per annum and less, they can only hold credit cards from a maximum of two issuers.

The maximum credit limit for those earning less than RM36,000 has also been capped to double the monthly income of the cardholder.

The central bank said while credit card debt remained at a manageable level, these measures were being taken to promote sound financial and debt management.

"It's a pre-emptive move to ensure that the prudent level of household debt remains at that level moving forward," Bank Negara's deputy governor Nor Shamsiah Mohd Yunus told reporters.

Thursday, March 10, 2011

How to shop for free?

Kathy Spencer of Massachusetts, shares cost cutting tips on how to shop for free. She feeds her family of six on $4 dollars a month.

"How to shop for free."

What if you could reduce household and grocery expenses by over half and save anywhere from $10,000 to over $20,000 a year? What if I were to tell you that it is possible to strategize a grocery shopping experience and ultimately pay nothing for some groceries? Would you believe me? Would you ask, “What’s the catch?” If so, you’re not alone.

What's the secret? With the "How To Shop For Free Method", the Master Savings Shopper spends at most a few hours a week on strategic planning to find excellent discounts and to optimize coupon usage with on sale items.

ABC News recently covered a "Master Savings" story of a Massachusetts mother who spends an average of $4 a week on groceries for a family of six. Kathy Spencer took the ABC crew on a series of shopping trips that allowed her to purchase more than $200 worth of groceries for a penny (be sure to watch the youtube video above). There are multiple coupon strategies and the above video demonstrates the value of learning “How To Shop For Free.” In addition, please download our toolbars to access the amazing "Free Samples and Free Stuff" Resources section.

"There are multiple strategies to “Great Key Savings” and our goal is to research companies and hardly known money saving methods to help you save for the more memorable moments in life. We provide custom toolbars and reveal multiple money saving secrets that provide excellent opportunities to save money."

“How do companies make a profit from giving away free products, free services, and coupons?” In New York Times bestseller “Free – How Today’s Smartest Businesses Profit By Giving Something for Nothing”, Chris Anderson reveals how businesses successfully incorporate and profit from “freemium” a combination of free and paid strategies, now emerging as a most powerful business model. In "Free", Chris Anderson explores this radical idea for the new global economy and demonstrates how it can be harnessed for the benefit of consumers and businesses alike. In the twenty-first century, Free is more than just a promotional gimmick: It’s a business strategy that is essential to a company’s successful future.

The Great Benefit of Freemium

"Money saving coupons are for everyone, some consumers feel that most grocery coupons mainly apply to unhealthy snack food items and in general may throw out savings circulars. This is untrue as there are many coupons offered by name brand companies, which apply to organic groceries and earth friendly products."

Internet coupons do allow companies the opportunity to attract new customers, offer new products, build new brands, closeout older merchandise, and build stronger relationships with customers. The most successful coupon programs offer specific benefits that all customers seek; excellent value, assistance in making informed decisions, and improved ease of shopping.

Some coupon websites at first glance may appear to carry similar coupons but these sites openly offer major and local companies the opportunity to submit their coupons to their ongoing coupon database. It is always best to visit several coupon sites and download multiple coupons to optimize your savings. Our free toolbars offer you the opportunity to instantly visit several free coupon sites at once to download coupons for maximum savings.

Monday, January 24, 2011

Malaysian bloggers earn up to RM 1 million annually

Monday January 24, 2011
M’sian bloggers earn up to RM1mil annually
Other news & views
Compiled by Izatun Shari

BLOGGERS and blog operators these days are able to chalk up revenues of up to RM1mil annually, according to Berita Harian’s front-page report.

According to the daily, bloggers, who post their personal accounts are now exploiting their blogs for business transactions or advertisement placements, earning an average monthly income of RM70,000.

The daily highlighted blogger Mira Abu Bakar, whose highest monthly income revenue through advertising revenue was RM12,000 in 2008.

Mira, who has been operating her blog since 2005, earns an average monthly revenue of RM2,000.

She admitted that she had to declare her side income with the Inland Revenue Board (IRB) as she was unaware about it until she received an audit.

An IRB spokesman said online businesses including via Facebook were bound by the Income Tax Act 1967 and their income were taxable just like fixed income.

Nuffnang (M) Sdn Bhd manager Nicholas Chay said hat revenue of a blog depended on the number of viewers and visitors at a certain period.

He said popular blogs could earn huge profits because advertisements or product reviews posted.