Malaysia Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Weaker US Dollar Against Ringgit

The Ringgit Malaysia went lower against the US dollar again. Do you think it is good news for those blogger who making money online? The Ringgit Malaysia is in between the 3.32 to 3.40 level against the US dollar this few weeks. Based on my personal finance analysis, the Ringgit was higher against the US dollar at 3.44 on the month of September while at 3.48 on the month of August.

At this moment, when the US housing market demand is decreasing, the job market is not that aggressive and consumer-spending power is lower; all these reason will cause the weaker US dollar.

I still remember last year, the value of the US dollar has fallen significantly and it hit the record of 30 years lowest. For me, this weaken US dollar also similar to two sides of coin, means that it also has its advantages and disadvantages. I am going to share with you the benefits only, as many people still remain negative thinking during recession nowadays.

Advantages of a Weaker Dollar

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Western Union Vs MoneyGram

Most of the people know to make use Western Union when sending money from 1 location to another location, thus Western Union is the most well-known money transfer service around. And, it has more agent locations than other money transfer services. But, do you know what is the main competitor of Western Union? Yes, it’s MoneyGram, actually it’s almost same like Western Union. The procedure is quite simple and it just takes a few minutes to fill out the form and then your money can be sent to the receiver who is stay another side of the world.

As I known, MoneyGram also offer the services like make payment for your utility bills (e.g gas, phone, water, electric and so on). Perhaps in future, I will try to make use of this service to pay several of my bills each month. Furthermore, it also allows you to use its service to top up some fund into your prepaid credit cards.

Why I Rather Prefer To Use Western Union Than Cheque?

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Have You Updated Your KWSP Nominations?

Most of the people may think that KWSP is our biggest saving account. Our KWSP consist of an estimated 23% (11% + 12%) of our monthly salary. So, if you calculate precisely, that’s more than 1/5 of our salary. The main purpose is to provide support for our retirement plan.

Have you ever wondered, what would happen if you suddenly have to say goodbye forever to this world? What would happen to your KWSP saving? Will your loved ones or child know about your KWSP savings? Even if they know about it, can they withdraw your KWSP savings in case something happen to you?

Update Your KWSP Nominations Now

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Namecheap Coupon Codes for October 2009

A new month is here and I am back with a post on Namecheap Coupon Codes. Do you have any domains registered over there before?

As everybody known, Namecheap offers domain registration service at affordable and cheaper costs. It offers coupon codes to reduce the price of domain name purchase.

Namecheap Coupon Code for October 2009

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Choose Your Student Loans & Student Credit Cards

Sometimes, as a student, you need to make hard decision on your school or course fees, which may cause your family financial burden. When you think about student loans to afford your expenses then you need to consider about how much debt is reasonable for you.

For those students who do not understand how to manage their credit card properly then parent should play their important role to teach them the skill of building up a good credit history while they are still in school, before entering the real working world. This is to ensure that they will not have any financial problem in future.

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