BelanjawanKu – A Guide For A Better Budget

• By CompareHero.my
• March 4, 2019

Having troubles managing your budgets? Now we finally have a guide courtesy of the Ministry of Finance and Employee Provident Fund(EPF).  The finance ministry has launched the BelanjawanKu guide which is an initiative by EPF.

BelanjawanKu is a reference budget for Malaysians that includes expenditure required by individuals and families to lead dignified lives with active involvement in society.

A survey was conducted on the household expenditure of those in the Klang Valley and the prices of goods and services prior to the compiling of the guide.

A reference budget is a basket, or collection of goods and services that are considered necessary to achieve an acceptable standard of living. Reference budgets are usually estimated for many different individual and family situations. Unlike poverty line income calculations, a reference budget is not used to label whether an individual or a family is “poor”.

Aside from spending on just basic necessities, a reference budget also includes items that allow individuals or families to lead dignified lives with active involvement in society. It is the minimum expenditure required to not just survive, but to thrive in society.

What is BelanjawanKu?

An expenditure guide, providing estimated minimum monthly expenses on various types of goods and services for different households in Malaysia. Belanjawanku can help Malaysians plan their personal and family budgeting to achieve a reasonable standard of living. It is developed based on actual spending patterns on common goods and services by urban households in the Klang Valley.

A Reasonable STANDARD of Living is…

• Having enough money to meet basic needs
• Living a purposeful and meaningful life
• Being involved in community activities and gatherings of families and friends

How To Use BELANJAWANKU?

• Choose your household category.
• Check the budget estimates for your household
  category.
• Use the budget estimate as a guide for your
  monthly expenses and personal budgeting.
• Refer to the budget estimates for other
  households for future financial planning.

A Summary of the Results

You may click the link below for the full report, however here is a summary of the survey.

Unmarried Malaysians who use public transport, rent a room in the Klang Valley, and do not save, need RM1,620 per month. This estimate includes the basic, social participation, and discretionary expenses. Using a car instead of public transport, raises the required expenditure by 38 per cent to RM2,240 per month. Assuming this individual also wants to save, it raises the total by RM250 to RM2,490, which should provide some financial security for the future.

That amount is sufficient to provide a single Malaysian living in the Klang Valley the ability to live decently, take part in society, and at the same time, have some savings for rainy days. Not surprisingly, married couples need more to maintain an acceptable standard of living, with the minimum expenditure required increasing to RM4,420, under the assumption that couples are more likely to either rent or own a house rather than a room. Having children raises the required expenditure level even more. Having just one child raises the required expenditure by nearly 30 per cent to RM5,730, an increase of RM1,310.

Having two children KLANG VALLEY • 2019 19 raises the required expenditure to RM6,620, an increase of RM2,200, or almost 50 per cent higher than for couples without children. Belanjawanku includes spending for day care, diapers, milk and baby food, tuition fees, and pocket money, as part of childcare expenses. On top of these expenditures directly related to childcare, other existing expenditures especially on food, increase noticeably when couples have children.

Belanjawanku also estimates the monthly expenditure for senior couples at RM3,090. Senior couples were found to spend less than other families for most of the items in the expenditure basket, with the exception of healthcare, and are also less likely to save.

To conclude, here is what  EPF chief executive officer Tunku Alizakri Alias had to say:

“The creation of such an index would be a good first step towards a social security infrastructure. I am really hoping that the data we have collected would be (factored into) the policymaking. I emphasise that this is not prescriptive in the sense that it should be an indicative and input point in the development of this index,”

Click here for the full report. 

 
[tags]

The Biggest Money Saving App in Malaysia

• By CompareHero.my
• February 20, 2019

Saving money is something we all aspire to do. New Year Resolutions, birthday wishes, a wake-up call in the form of bills – all sorts of realizations, but it never works. The urge to spend is constant. Who, after all, could pass up the chance to dine at that Italian restaurant?

What if you could save and still dine there? Save and still enjoy that beauty spa? It’s not impossible. You just need the ENTERTAINER app!

What’s the ENTERTAINER app?

The ENTERTAINER app is very much the digital embodiment of the “Buy One Get One Free” dream that we all love (especially in Malaysia). The app allows users to access a variety of Buy One Free One offers through their food & beverage merchants.

Unlike other similar apps that provide offers and discounts at various rates, the ENTERTAINER always provides 50% discounts and 1-For-1 offers. It isn’t just for food, but other types of merchants too, such as health & beauty, attractions, and even services like car detailing.

Yes – when I found out about the app, I too asked “Wah, sure or not?” As it turns out, the answer is, “Sure lah!”

It doesn’t just save you money, it gives you opportunities.

As much as the ENTERTAINER helps you to save money, it does one other thing: It gives you opportunities. The app can show you merchants that are nearby which can give you an opportunity to try out something new. It could be a place that you have never been to before or even a place that have thought of trying.

It can be the answer to the dreaded question of “What to eat ah?”. The next time you are unsure of what to eat, just simply turn on the ENTERTAINER and look for the nearest offer.

Not just about food.

We all love to eat. We spend the time ensuring that we get the best bites at the best prices, so it is no surprise that the ENTERTAINER app is mostly used for the food offers. Let’s not forget the other side, however. The other categories by the ENTERTAINER has great offers too.

For those concerned about their beauty and fitness, for example, you can take advantage of the ENTERTAINER’s 50% discount offers at merchants such as Be Urban Wellness and Mandara Spa. Even the men could take advantage of the app to get 50% offers on a haircut, massage, and facial at Gentlemen’s Tonic.

Families will not be left out either. We all know that spending with the family can be an expensive affair, but when amazing attractions such as Sanrio’s Hello Kitty & Thomas Town, Angry Birds, and Camp5 are on board the ENTERTAINER app, you’re going have massive savings for your family!

It’s truly that simple, here’s how it works:

Can the ENTERTAINER app really help save money?

Of course! Its Buy One Free One and discount offers give great value to its users. Every participating merchant has 3 offers. For example, a restaurant may have 3 offers of 1-For-1 that is applicable for their main courses for two persons.

This means that you can literally order two main courses (after informing the waiter that you are using the app) and only pay for one. The money you save can also be spent on that delicious dessert that most people skip in the menu too.

Each time you use an offer at a participating merchant, that offer will expire. However, each time you use an offer, you will gain ‘Smiles’ points in return.  This Smiles points can then be used to buy back redeemed offers, meaning you can save again. Keep in mind that you can only do this for one offer per merchant in a year.

Okay, but give us some real numbers on the savings.

We know some of you like the numbers, so we’ve decided to pull a few out. Someone in our team is a long-term user (and avid fan) of the ENTERTAINER; we decided to ask her how much exactly she has saved in the past year.

Can you guess?

A whooping RM837! That’s how much she saved in the whole year by using the ENTERTAINER app.

She dines out roughly twice a month with her other half at places partnered with the ENTERTAINER, such as Delicious and La Risata. She occasionally buys coffee at San Francisco Coffee too, getting two cups for the price of one.

In fact, she’s had such a great experience with F&B last year using the ENTERTAINER, she’s planning for an upcoming weekend getaway in Langkawi with the app. There are also hotel room offers at 1-for-1. When she buys one night of her weekend getaway, she’ll get the next night free!

To maximise your savings even further, you can also share a single access with your family or friends.  This means that only one person must subscribe to the app, and the rest can be in the same plan, sharing the great offers and savings!

Sounds too good to be true? It is all true.

And since you are reading this, we’re giving you a special gift to help you kickstart your savings for 2019 – a 10% discount when you sign up for the ENTERTAINER Malaysia 2019! The 10% is on-top of ENTERTAINER’s already discounted price of RM95.  This means you will only pay RM85.50!

Just use the code below when you sign up for the ENTERTAINER:

CHERO10

Happy savings!

Pembiayaan Islam Terbaik Di Malaysia

• By CompareHero.my
• February 19, 2019

Adakah anda memerlukan bantuan kewangan tetapi mahu ianya menepati tuntutan shariah? Atau adakah anda mencari lebih banyak pilihan kewangan? Mengapa tidak anda mempertimbangkan pinjaman peribadi islamik? Mari lihat apakah sebenarnya pinjaman islamik?

Pinjman peribadi islamik adalah satu-satunya pinjaman yang mengikut prinsip perbankan islamik. Pinjaman peribadi islamik juga dikenli sebagai pembiyaan peribadi islamik yang dikendalikan oleh Bank-bank di Malaysia. Pembiayaaan menggunakan konsep Bai’ Al-‘Inah menjadikannya patuh shariah. Adanya pemantuhan shariah bermaksud pinjaman ini tidak mempunyai kadar faedah atau caj tetap mahupun terapung (Dikenali sebagai RIBA) untuk pinjaman wang. Berdasarkan prinsip-prinsip perbankan islamik ia sama sekali dilarang. Di bawah kami telah menyelesaikan kerja anda dengan menyusun senarai pinjaman peribadi islamik terbaik di Malaysia.

1. Maybank Islamic Personal Financing-i

Ini merupakan pinjaman peribadi islamik yang memberangsangkan daripada Maybank. Anda tidak memerlukan penjamin atau cagaran. Tiada setem dokumen, tiada caj pemprosesan, dan tiada caj pengendalian. Ini memberikan anda lebih banyak penjimatan wang. Maybank turut menawarkan kelulusan yang cepat namun ia tertakluk kepada terma dan syarat. Jumlah minimum pinjaman adalah RM5,000 sehingga RM10,000 maksimum atau sehingga 4 kali gaji bulanan bergantung mana satu jumlah yang terendah. Tempoh pinjaman dari 2 tahun sehingga 6 tahun tempoh maksimum.
Jumlah caruman takaful akan ditolak kedepan daripada jumlah pinjaman yang telah diluluskan, tetapi ia adalah kemudahan yang boleh dipilih. Anda juga perlu membuka simpanan peribadi Maybank islamik atau akaun semasa sebelum menyerahkan permohonan pinjaman, antara kekurangan pinjman peribadi islamik ialah tiada rebate diberikan walaupun anda telah membuat penyelesaian awal sebelum berakhirnya tempoh pinjaman anda.
Kadar keuntungan adalah tetap dan kelasnya seperti di bawah:

Untuk memberikan anda idea, di bawah adalah jadual bayaran ansuran bulanan mengikut kepada jumlah pinjaman yang diambil berserta tempohnya:

Untuk jadual bayaran ansuran yang lengkap boleh klik di sini:

Kelayakan:

• Warganegara Malaysia berumur 21 sehingga 60 tahun
• Minimum pendapatan bulanan ialah RM2500

Adakah anda mencari lebih banyak pilihan pembiayaan patuh shariah? Mengapa tidak membandingkan kad kredt islamik dan pinjaman peribadi islamik yang lain secara percuma di comparehero.my. Berikan diri anda tawaran terbaik di Malaysia.

2. Kuwait Finance House

Merancang untuk sebuah perkahwinan impian ataupun percutian, mana yang anda sentiasa inginkan? Perlukan dana untuk memulakan apa yang berada di fikiran anda? KFH Financing-I adalah cara terbaik untuk anda mulakan. Salah satu cara terbaik yang anda boleh pertimbangkan ialah Murabah Personal Financing-I Generic. Lihat beberapa ciri di bawah.

Berapakah jumlah pembiayaan maksimum yang dibenarkan?

• Jumlah pembiayaan sehingga 10 kali ganda gaji kasar bulanan anda sehingga RM25000 untuk tempoh maksimum 10 tahun.

Kelayakan:

• Pemohon mestilah berumur sekurang-kurangnya 21 tahun. Maksimum umur bergantung kepada umur dan tempoh pembiayaan.
• Pekerja sektor swasta dengan minimum gaji kasar RM3000 sebulan.
• Group Credit Term Takaful (GCTT) perlu diambil oleh pelanggan.
  Apakah kos yang dikenakan kepada anda dan bagaimana anda akan dikenakan caj?

1 kali caj yang ditetapkan:

• Duti setem sebanyak 0.5% ke atas jumlah pembiayaan ditolak kedepan sebelum pembayaran pembiayaan. (Seperti Duti Stem Akta 1989)

Bayaran Ulangan

• Bayaran bulanan yang terdiri daripada jumlah principal dan caj keuntungan untuk tempoh pembiayaan 2 hingga 10 tahun. Kadar keuntungan lingkungan 6% setahun.

Caj denda lewat

• 1% daripada jumlah terkumpul.

3. Alliance Islamic Bank Cashvantage Personal Financing-i

Pembiayaan peribadi islamik yang tidak bercagar sehingga 7 tahun untuk warganegara Malaysia dan penduduk tetap yang bekerja dan bermaustautin di Malaysia. Pelan ini melibatkan bayaran ansuran bulanan yang rendah dan tempoh pembiayaan yang fleksibel. Skim ini berfungsi pada kadar rata dan tawaran kadar keuntungan serendah 8.38% p.a. Kemudahan ini membolehkan anda untuk menggabungkan hutang semasa dan 4 kredit atau komitmen pembiayaan peribadi menjadi satu bayaran ansuran bulanan individu.

4. Al Rajhi Islamic Personal Loan

Al Rajhi Personal Financing-I membantu anda memenuhi kelayakan kewangan anda. Al Rajhi Bank’s Personal Financing-I menyediakan anda platform untuk mengumpul tunai sebagai kegunaan peribadi. Sama ada digunkaan untuk megubai suai rumah atau sebagai dana pendidikan anak-anak di mana kemudahan yang disediakan memenuhi keperluan tersebut. Lihat beberapa ciri utama pinjaman tersebut.

Al Rajhi Bank merupkan salah satu daripada bank peruncitan terunggul islam selama bertahun tahun namun prestasinya pada tahun 2017 masih kukuh dalam ruang peruncitan perbankan.

Kami telah menyediakan anda maklumat terperinci pembiayaan islamik terbaik yang anda perlukan.

[tags]

Don’t travel without the Citibank PremierMiles Credit Card

• By CompareHero.my
• February 18, 2019

Citibank’s Citi PremierMiles credit card is one you shouldn’t leave the country without. It offers a bevy of features that make it an obvious choice to travel with. Earn air miles faster, gain VIP access to lounges, get a ride home for free – all useful features for a frequent flyer. Read more to find out.

(more…)

Best Standard Chartered Credit Cards in Malaysia

• By CompareHero.my
• February 8, 2019

Updated on 8 Feb 2019

Are you shopping around for a credit card? We’ve listed down the top four Standard Chartered credit cards to suit your needs. Whether its cashback or exclusive perks you’re after, read on below to find a card that complements your spending! (more…)