How I manage my money for November 08

Posted on Wednesday, December 10, 2008 at 10:16 pm
       

   
   

A month has pass and this time it is a very bad month for most of us.

As written in the article here, http://www.dennisquek.com/2008/11/the-aftermath-of-us-recession-on-asia/, we will have many bad years ahead.

My savings have passed the $10,000 mark. Still wondering if CitiBank’s cialis pharmacy saving account http://www.dennisquek.com/2008/09/introduction-to-citibanks-step-up-saving-accounts/ is still a good choice hmm…

On other business, my current company announced a 0.5 bonus :( with a AWS of 1 month. So which means, I will be receiving 2.5 months of pay check for December (Yeahh!!!)

That’s not quite bad as I expected lesser bonuses or some other cuts in benefits.

Back to managing money, I have just got a Investment linked Insurance plan from ManuLife Financial. Due to the recent AIG breakdown, my confident went to other insurance companies such as Prudential, Great eastern and ManuLife. So I got one, at $100 a month, or $1,200 a year. Conside this as an investment hmm… Read it here: http://www.dennisquek.com/2008/12/my-manulife-investment-linked-insurance

Savings and Earnings

Savings: $500/mth
Bonus: 2.5 months * $X (x is a mystery…)
Passive earnings: $6 (step up interest)

Expenses

Insurance: - $600 (6 months)
School fees: - $3000 (:<)

Good years ahead !

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  • Ahmad: Hi, Hi, Very Very Informative and Practical. :) :) :) :) Regards, Ahmad
  • Ahmad: Hi, Very Very Informative and Practical. :) :) :) :) Regards, Ahmad
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