Money $ense

Getting Smart with Your Money

AKPK Agensi Kaunseling dan Pengurusan

Kredit
Kenapa perlu Perancangan Kewangan (PK)?

Ketua Kumpulan, sila pinjam buku ini di Pusat KoK

pada hari Isnin, 8-12-2014

5 steps in financial planning

Nilai diri anda sekarang
Tetapkan matlamat
Buat Pelan kewangan
Laksana pelan K
Pantau pelan K dan nilai semula

Peringkat umur keperluan wang berlainan

Time Value of Money money grow with time
Save 10K, for 10years, 5% --- RM16,289
Power of compounding interest

Bab 2

Set your financial goal

Write down your goal buy car after grad
Break goal into ST, MT and LT goal
Calculate your Net Worth (NW)
NW=Asset-Liabilities
Track your spending
Living within means

Chapter 3: Financial Products and

Sevices

Banking: SA, CA,

PIDM insures your deposit up to 250K
FMB settle disputes bet you and your financial
provider
Islamic Banking
Internet Banking

Chapter 4: Building Wealth

Saving habit-automatic
Increase your NW
Risk and return
Dont put your egg in one basket
Types of investments: Cash, shares, unit trust
funds, property, bond

Financial Scams
Ponzi Scheme: Pyramid money scheme
Nigerian Scheme

Not easy to get money no easy money

Chapte 5-insurance

Protection for something bad that can happen

How does insurance works?
Types of insurance: life, term life, endownment
(protection+saving), medical and health
General Insurance motor, house, travel dan
property

Takaful shariah principles, aqad

Before buying insurance:
Know the diff types
Coverage
Conditions (Syarat-syarat)
Premium
Claim procedure police report

Chapter 6: borrowing basics

Credit card-ask: do you need it?

Money lenders-licensed, along
PTPTN
Personal loan
Car loan: Hire Purchase
Housing loan
CCRIS-central credit reference info system

Chapter 7: Living your life

Your student loan

Income tax IRB
Buying car
Buying house location
Mariages
Retirement
Balanced life money is not everythings!

Chapter 8: Getting out of financial

trouble

Sign of financial troubles:

Credit card pay the minimum balance, over credit
limit, take cash advance
Loans take another loan to cover first loans
Saving no saving, or use it all
Expenses depend on part time job, or always
asking when is the payday
Ignorance dont want to discuss with people

Where to find help?

Go to AKPK
Financial education
Financial counselling
Debt Management Programme (DMP)
www.akpk.org.my

Appendixes

Pg 129 invest now, 15K, at 55 you will have

300K (at 10% interest amanah saham)