Mothering Corner

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.

I read from The Star yesterday that everything is getting more expensive. If I would to pay for the household expenses, I will be very stressed right now as I don’t think the money I made is enough for the family. We are living in an extended family and the house is quite big. Our month expenses on utilities and food are generally double the expenses of smaller families. Even if hubby shares out with BIL, but the amount of money is still a lot.

Thus, one of the ways of generating mney is invest in options trading. By doing so, maybe the money will grow faster. However, I will probably need to get the iron condor by Condor Options. These iron condors are not like stock trading, forex, futures any others as I don’t have to monitor the market all day long as they do not need a of adjustment and Condor Options will watch the market for me. Furthermore, without the experience in trading, I am so scared of losing money! So if I would to go for this, I need help from the professionals.

I guess the other way of living in this condition is to control the spending if we are not making more money. But all the money matters is under hubby’s responsibility. I can help out but he prefers to do this on his own. So, as long as we are still living with what we are having now, I am happy with it. We are really blessed, and it’s more than enough.

I may be a big spender, but I didn’t spend much buying baby products when my kids were younger. Most of their things were being handed down by their cousins and I saved up a lot of money during the first year of their lives. The only expensive thing I bought for each of them is the car seat. Other than that, we didn’t use a lot of money.

Since expecting a baby needs a lot of money, and if you are paying with credit cards, it will be wise to get Cash Back Cards for the payments. At least you will still be able to get some cash redemption from the points collected and the cash can be used for other purposes.

So, plan your financial wisely before you have a baby. You will see that money is really needed in all aspect after a baby comes along.

My boy has been asking me to knit more tees for him. I can knit very fast if I have the time to as I finished his Winnie the Pooh tee in 5 days. However, it was really tiring. Now, I try to knit slowly while enjoying the quiet moment I have as I only knit those difficult projects which I need to refer to diagram when my kids are sleeping.

I love knitting because I enjoy the process of making something nice and personalized for my children. But buying yarns is a painful experience as they are so expensive here! Unless you want to go for those cheap yarns, which I prefer not to as my kids have sensitive skin, I only go for cotton for them. But if you really don’t have the cash, you can use your credit cards for the purchase, and only pay back the debt later. I only suggest credit cards if you have the ability to pay off your debt. Besides, you can consider getting the cards from Mint Credit Card, only if you are a UK citizen. You can check out the details from their official site.

BTW, I notice that other mothers like to do scrapbook for their children. That is something I’m still struggling on.