Be Financially Different

  There are several principles in our spending habits that could affect our cash flows. Here are the tip and tricks to generate higher savings and cash flows. The saving interest rate is now 0.05 per month spreading across different banks, in which there was a change in regulations, at least a week ago from my current writing. Do take note that the following are mere advice and you may not agree to everything that I have written, as you may have your own strategic plan in your financial journey.  Savings habits This goes without saying, you should input a fixed amount in your savings every month after paying yourself. In this way, it is easier and much predictable to reach your financial goals. To generate higher savings would also mean reducing or remove as many liabilities as you can. Clear as much debt as possible to prevent compounding interest from acting against you. Get a savings account that can accrue a higher interest rate, although this may include other conditions ...

  Last month, there are a few major credit card data hacking occurring that has happened within DBS bank. Yes...the source comes from "onlinecitizenasia" website. There have been complaints from customers mentioning about unauthorized transactions. The authorities, from the bank managers to the police could do nothing to keep track and stop it. After the unauthorized transactions are difficult to track, and the affected victim is unable to receive notifications and emails stating that these transactions have been completed. The users are not able to know what is actually happening from the back end, as malicious script installed and embedded in the web browser, rendering the UI, causing the user to believe the bank balance is in fact, left untouched. The customers have been told by bank employees to remove the old credit/debit cards and they will stop all their current transactions immediately. The moves to stop the current card transactions do not deter hackers in the future...