Mothering Corner

I will be busy tonight as I only got the new notes exchanged from the bank this afternoon. I have to start preparing the red packets later since the guests will arrive early in the morning.

I have prepared my kids’ new clothes, but I’m not letting them wear any gold jewelry even as simple as a necklace. Some mothers will allow their children to put on some gold jewelry during Chinese New Year, but not me. I prefer to keep the gold in the safe deposit box at the bank, or just invest more in gold bullion for my kids. They can decide if they would like to sell it off when they are older, but for the time being, I will keep the gold well for them. The price of gold has been increasing over the past years, and hopefully it will continue to do so.

I better start preparing the money and red packets, it’s getting late.

My friend had just got her coverage for insurance since she was diagnosed with initial state of cancer. She has gone through radiation and she’s taking her medication now. Thank god she bought some family insurance plans so most of the medical expenses are under insured. She had to pay for the bills first, but she will get back her claims once the documentation is done. If it’s not because of her insurance coverage, I doubt she has the ability to pay her medical bills.

That’s why I always make sure that all my insurance premiums are paid online. If you are not insured, make sure you get some insurance quote from respective insurance companies. It’s best to compare the prices and coverage before you decide on which to buy.

The bank called me again yesterday asking if I’m interested to get one of their Best Reward Credit Cards. I turned down their offers because I didn’t feel like getting more cards. I have a card with a lot of reward points now and I will only concentrate on accumulating the points by shopping with that card. If you are a shopaholic like me, it’s best to have a credit card with great reward programs.

As long as you are controlling your spending well, it’s always nice to own one or two credit cards. But if you are using the card to get those things which you can’t afford, you better forget about getting more credit cards. It’s going to drag you further into debt before you know it!

I was quite shocked with the statistic of how many young Malaysians are in debt with credit cards. Most of them will only look for cash advance or balance transfer to settle their debts, but without controlling their spending, it’s going to bring them deeper into this financial disaster than coming out from it.

A cash advance is only meant for those who need  money urgently and it provides a temporary relief if you can’t get the amount of cash in a short period of time. But don’t just get the money and splurge on the luxury you are craving for as it won’t work this way. You will still have to repay the loan!

Just control the spending, and forget about using the cards.

I bought investment plans for both of my kids which are added into their insurance premium. I would like them to have some fund for tertiary education, and even if they want to study abroad, they won’t have to worry much about the money later. But I think we will get other investment plans such as investing in gold when our financial condition has got better. If the money invested has potential to grow, I don’t mind putting it into investment rather than spending it off on shopping.

But I will have to see what does hubby think about this. He needs lots of money for his business plans, so I will let him decide on when is the right time to invest more. Anyway, there is no hurry as we already have plans for the kids.

My brother is an insurance agent, so I agree to the need of being well insured. My kids are insured since they were babies, but mostly on investment and I would like to use the money for their education in the later years. Even if we have the insurance for them, we still have to save up in saving and checking account as they might want to study abroad when they grow up. Of course, the checks are for our own use, but most accounts are all in one now.

Some of my friends only get the medical cards for their kids and I don’t think it’s enough. The insurance premium will force us to pay for it, so we are ended up saving up more. Besides, the banks are not giving a nice interest now! So, I would rather look for other sources that keeping money only in the banks.

I know I don’t have to worry about making money for my family, but after being financial independent for a few months, I am eager to continue my current status and continue to make money for myself if possible. I know that my blogs cannot help me now, so I have to look for other alternatives.

Maybe I should really learn about investing. I am not good at this, so I need a option screener software to help me to find and analyze which shares that will bring in more profit to me. If I’m serious about this, I will find out more about  PowerOptions® and see if I can make some money from share options.

But I’m very thrifty in this matter, so let me think about this first.

The standard of living is getting higher and higher. Most families cannot survive on a single income and it’s really hard for mothers to stop working and be at home with the kids. If there is only a sole bread winner, not many families can survive.

That’s why there is always a demand for cash advance loans. If there is something unexpected, and if you ever need money, cash advance is an option to you. If you are from Montana, you can check out the loans from CheckCity.com. But if you are doubtful about now to repay the loan later, please try other options.

That’s why I have always been grateful that hubby is taking charge of the money matters and I don’t have to worry about it. If not, I should be working by now.

I only started to think about my financial after I become a mother. I was one of those lucky ones who didn’t have any financial commitment all the time. What I earned was all for myself, but I gave some part of it to my mum. Thus, I didn’t plan for my future as money was not hard to get.

But now, I have to think about my kids. Besides their insurances and savings, we should be investing for them as well. However, hubby and I haven’t decided on anything yet. If you have the money now, you can think about investing in rare coins and morgan dollars which you can get from Monaco Rare Coin. There is a great prospect in buying rare bullions, and they can be sold off when the price is good. Then the money can be used as your kid’s education fund if you want to.

Too bad I don’t have that much yet, if not I might give it a try.

I quit my job before I became a mother because I knew that no one could help me with my baby as MIL was very occupied with SIL’s children. My maid came 4 months after I had my first baby, but I couldn’t trust her with my baby. If it’s not because of the close gap between my first child and second baby, I wouldn’t ask her for help either.

Of course, sometimes I questioned myself if it’s worth it losing my financial ability. I have always been very independent and I enjoy being that way. But little that I know, I could make some money from blogging, which is something I haven’t expected. It’s going to be a year since the day I start to blog for money. I won’t say that it’s a stable income, as you know what happened recently. But still, there is a chance of making some money.

In short, just try to take this as an opportunity. It might work for you like the rest of us.