Thursday, August 20, 2009

Have Card, Will Shop

This was taken from The Sunday StarMag 16 August 2009. Been wanting to upload it but never gotten around to do it. As much as it is a write up to promote Citibank credit cards, it does contain useful advise such as utilizing credit card rebates/discounts at certain food/mall outlets.

One thing that I beg to differ is that they encourage people to spend money they have yet to earn via zero interest instalment schemes (ZIIS). Unless you can afford an item with upfront payment, do not buy it i.e if you do not have RM 1,600 to buy a digital camera, control your urge to have it now and buy it when you have sufficient funds. Many people do not realise that it is these little instalment payments that is eating away your monthly income and prevents you from having sufficient money at the end of the month. Always make it a habit to save first and spend later instead of the current norm of spend first and use ZIIS to pay for it!

Well, I hope that you do take your time to read through this article. Cheers!

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