Managing My Finances Better | Ramblings of an e-trader

Monday, 28 May 2007

Managing My Finances Better

I have a friend who is very careful with his finances. Every time I have a question o personal finance, on whether I should go ahead to purchase something big, I run to him!

Last time, he helped me out when I was selecting credit cards to apply for. There were too many available types of credit cards in the market that I got confused! He told me that I don't really need a credit card given my lifestyle but I insisted on his help in selecting the one that meets my needs the most. He recommended me a card that offers cash back and I have been satisfied with it.

He also helped me decide on opening new overseas checking and savings accounts to facilitate my online business. I needed them so that I could easily accept funds and also make payments to my supplier. To use my local accounts would cost me to lose out on the currency exchange rate.

Now, I am looking for car loans and I will soon be bugging him with more questions. HHmm somehow a better car seems only a little bit more expensive than the one I could afford. I really need his opinion on which to get. He is in risk management and he should know how to help me manage my finances better.

0 comments:

Post a Comment