financial management. a) the concept of money management money as a resource for reaching goals....
TRANSCRIPT
Financial management
a) The concept of money management
Money as a resource for reaching goals.
Money seems to be caught in the every problem of living.
b) Purpose of budgeting
Why it is important to develop and follow a budget?
c) Guide for planning a budget
1. Decide on your spending goals2. Know exactly how much money you have3. Make a list of all your/or your family’s expenses
for the month4. Don’t forget that you or your families often have
unexpected expenses5. Compare your income to your expenses6. Make up your plan7. Keep records and review8. Prepare a net worth statement
d) The principle of financial management
1. Prioritize goals and set standards2. Analyze financial resources3. Make a budget to control spending and
saving4. Keep adequate records5. Set credit limits and use them responsibly6. Build wealth early and systematically7. Protect asset adequately and reasonably8. Check and adjust regularly.
Cost of living in Malaysia
- Consumer Price Index (Excl.Rent): 56.11- Rent Index: 12.68- Groceries Index: 54.37 - Restaurants Index: 29.99- Consumer Price Plus Rent Index: 40.02 - Local Purchasing Power: 71.96
Cost of living in Malaysia
Cost of living index (by city)
Tokyo Kuala Lumpur Difference
Restaurants [Edit] [Edit]
Meal, Inexpensive Restaurant 11.38 $ 2.45 $ -78.45 %
Meal for 2, Mid-range Restaurant, Three-course 52.02 $ 15.69 $ -69.84 %
Combo Meal at McDonalds or Similar 7.61 $ 3.75 $ -50.77 %
Domestic Beer (0.5 liter draught) 7.04 $ 3.14 $ -55.35 %
Imported Beer (0.33 liter bottle) 9.79 $ 4.10 $ -58.08 %
Cappuccino (regular) 4.98 $ 2.64 $ -46.88 %
Coke/Pepsi (0.33 liter bottle) 1.81 $ 0.61 $ -65.97 %
Water (0.33 liter bottle) 1.71 $ 0.39 $ -77.06 %
Markets [Edit] [Edit]
Milk (regular), 1 liter 2.56 $ 1.67 $ -34.92 %
Loaf of Fresh White Bread (500g) 2.89 $ 0.96 $ -66.89 %
Eggs (12) 3.16 $ 1.35 $ -57.12 %
Fresh Cheese (1kg) 15.92 $ 8.28 $ -48.00 %
Chicken Breasts (Boneless, Skinless), (1kg) 11.50 $ 4.08 $ -64.54 %
Apples (1kg) 5.99 $ 2.41 $ -59.71 %
Oranges (1kg) 4.29 $ 2.78 $ -35.21 %
Potato (1kg) 3.85 $ 1.25 $ -67.52 %
Lettuce (1 head) 2.35 $ 1.15 $ -50.92 %
Water (1.5 liter bottle) 1.60 $ 0.77 $ -51.80 %
Bottle of Wine (Mid-Range) 16.12 $ 14.77 $ -8.39 %
Domestic Beer (0.5 liter bottle) 4.20 $ 2.35 $ -44.05 %
Imported Beer (0.33 liter bottle) 5.16 $ 3.33 $ -35.44 %
Pack of Cigarettes (Marlboro) 6.57 $ 3.13 $ -52.39 %
Transportation [Edit] [Edit]
One-way Ticket (local transport) 2.03 $ 0.72 $ -64.46 %
Monthly Pass 121.37 $ 33.10 $ -72.73 %
Taxi Start (Normal Tariff) 9.10 $ 1.00 $ -89.03 %
Taxi 1km (Normal Tariff) 4.19 $ 0.73 $ -82.48 %
Taxi 1hour Waiting (Normal Tariff) 34.04 $ 6.41 $ -81.17 %
Gasoline (1 liter) 2.00 $ 0.63 $ -68.23 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23,087.00 $ 42,560.16 $ +84.35 %
Utilities (Monthly) [Edit] [Edit]
Basic (Electricity, Gas, Water, Garbage) for 85m2 Apartment 171.99 $ 46.77 $ -72.81 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 1.07 $ 0.09 $ -91.60 %
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 29.83 $ 44.96 $ +50.73 %
Sports And Leisure [Edit] [Edit]
Fitness Club, Monthly Fee for 1 Adult 115.05 $ 51.26 $ -55.44 %
Tennis Court Rent (1 Hour on Weekend) 10.00 $ 6.27 $ -37.30 %
Cinema, International Release, 1 Seat 20.30 $ 3.80 $ -81.29 %
Clothing And Shoes [Edit] [Edit]
1 Pair of Levis 501 (Or Equivalent) 110.39 $ 78.48 $ -28.91 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 75.82 $ 62.89 $ -17.05 %
1 Pair of Nike Shoes 122.91 $ 82.52 $ -32.86 %
1 Pair of Men Leather Shoes 190.87 $ 72.91 $ -61.80 %
Rent Per Month [Edit] [Edit]
Apartment (1 bedroom) in City Centre 1,903.33 $ 398.65 $ -79.06 %
Apartment (1 bedroom) Outside of Centre 1,250.74 $ 274.67 $ -78.04 %
Apartment (3 bedrooms) in City Centre 4,539.59 $ 971.96 $ -78.59 %
Apartment (3 bedrooms) Outside of Centre 2,355.59 $ 530.93 $ -77.46 %
Buy Apartment Price [Edit] [Edit]
Price per Square Meter to Buy Apartment in City Centre 16,772.54 $ 1,630.09 $ -90.28 %
Price per Square Meter to Buy Apartment Outside of Centre 11,229.31 $ 988.55 $ -91.20 %
Salaries And Financing [Edit] [Edit]
Median Monthly Disposable Salary (After Tax) 3,939.38 $ 1,191.61 $ -69.75 %
Mortgage Interest Rate in Percentanges (%), Yearly 2.09 5.20 +148.80 %
Last update April, 2012 April, 2012
Contributors (past 18 months) 36 165
Currency: USD
Markets TOKYO KUALA LUMPUR
Milk (regular), 1 liter 2.56 $ 1.67 $ -34.92 %
Loaf of Fresh White Bread (500g) 2.89 $ 0.96 $ -66.89 %
Eggs (12) 3.16 $ 1.35 $ -57.12 %
Fresh Cheese (1kg) 15.92 $ 8.28 $ -48.00 %
Chicken Breasts (Boneless, Skinless), (1kg)
11.50 $ 4.08 $ -64.54 %
Apples (1kg) 5.99 $ 2.41 $ -59.71 %
Oranges (1kg) 4.29 $ 2.78 $ -35.21 %
Potato (1kg) 3.85 $ 1.25 $ -67.52 %
Water (1.5 liter bottle) 1.60 $ 0.77 $ -51.80 %
Tokyo Kuala Lumpur Difference
Restaurants [Edit] [Edit]
Meal, Inexpensive Restaurant 11.38 $ 2.45 $ -78.45 %
Meal for 2, Mid-range Restaurant, Three-course 52.02 $ 15.69 $ -69.84 %
Combo Meal at McDonalds or Similar 7.61 $ 3.75 $ -50.77 %
Domestic Beer (0.5 liter draught) 7.04 $ 3.14 $ -55.35 %
Imported Beer (0.33 liter bottle) 9.79 $ 4.10 $ -58.08 %
Cappuccino (regular) 4.98 $ 2.64 $ -46.88 %
Coke/Pepsi (0.33 liter bottle) 1.81 $ 0.61 $ -65.97 %
Water (0.33 liter bottle) 1.71 $ 0.39 $ -77.06 %
Markets [Edit] [Edit]
Milk (regular), 1 liter 2.56 $ 1.67 $ -34.92 %
Loaf of Fresh White Bread (500g) 2.89 $ 0.96 $ -66.89 %
Eggs (12) 3.16 $ 1.35 $ -57.12 %
Fresh Cheese (1kg) 15.92 $ 8.28 $ -48.00 %
Chicken Breasts (Boneless, Skinless), (1kg) 11.50 $ 4.08 $ -64.54 %
Apples (1kg) 5.99 $ 2.41 $ -59.71 %
Oranges (1kg) 4.29 $ 2.78 $ -35.21 %
Potato (1kg) 3.85 $ 1.25 $ -67.52 %
Lettuce (1 head) 2.35 $ 1.15 $ -50.92 %
Water (1.5 liter bottle) 1.60 $ 0.77 $ -51.80 %
Bottle of Wine (Mid-Range) 16.12 $ 14.77 $ -8.39 %
Domestic Beer (0.5 liter bottle) 4.20 $ 2.35 $ -44.05 %
Imported Beer (0.33 liter bottle) 5.16 $ 3.33 $ -35.44 %
Pack of Cigarettes (Marlboro) 6.57 $ 3.13 $ -52.39 %
Transportation [Edit] [Edit]
One-way Ticket (local transport) 2.03 $ 0.72 $ -64.46 %
Monthly Pass 121.37 $ 33.10 $ -72.73 %
Taxi Start (Normal Tariff) 9.10 $ 1.00 $ -89.03 %
Taxi 1km (Normal Tariff) 4.19 $ 0.73 $ -82.48 %
Taxi 1hour Waiting (Normal Tariff) 34.04 $ 6.41 $ -81.17 %
Gasoline (1 liter) 2.00 $ 0.63 $ -68.23 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23,087.00 $ 42,560.16 $ +84.35 %
Utilities (Monthly) [Edit] [Edit]
Basic (Electricity, Gas, Water, Garbage) for 85m2 Apartment 171.99 $ 46.77 $ -72.81 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 1.07 $ 0.09 $ -91.60 %
Internet (6 Mbps, Unlimited Data, Cable/ADSL) 29.83 $ 44.96 $ +50.73 %
Sports And Leisure [Edit] [Edit]
Fitness Club, Monthly Fee for 1 Adult 115.05 $ 51.26 $ -55.44 %
Tennis Court Rent (1 Hour on Weekend) 10.00 $ 6.27 $ -37.30 %
Cinema, International Release, 1 Seat 20.30 $ 3.80 $ -81.29 %
Clothing And Shoes [Edit] [Edit]
1 Pair of Levis 501 (Or Equivalent) 110.39 $ 78.48 $ -28.91 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 75.82 $ 62.89 $ -17.05 %
1 Pair of Nike Shoes 122.91 $ 82.52 $ -32.86 %
1 Pair of Men Leather Shoes 190.87 $ 72.91 $ -61.80 %
Rent Per Month [Edit] [Edit]
Apartment (1 bedroom) in City Centre 1,903.33 $ 398.65 $ -79.06 %
Apartment (1 bedroom) Outside of Centre 1,250.74 $ 274.67 $ -78.04 %
Apartment (3 bedrooms) in City Centre 4,539.59 $ 971.96 $ -78.59 %
Apartment (3 bedrooms) Outside of Centre 2,355.59 $ 530.93 $ -77.46 %
Buy Apartment Price [Edit] [Edit]
Price per Square Meter to Buy Apartment in City Centre 16,772.54 $ 1,630.09 $ -90.28 %
Price per Square Meter to Buy Apartment Outside of Centre 11,229.31 $ 988.55 $ -91.20 %
Salaries And Financing [Edit] [Edit]
Median Monthly Disposable Salary (After Tax) 3,939.38 $ 1,191.61 $ -69.75 %
Mortgage Interest Rate in Percentanges (%), Yearly 2.09 5.20 +148.80 %
Last update April, 2012 April, 2012
Contributors (past 18 months) 36 165
Currency: USD
Kertas Kerja Kedua (10%)- tidak melebihi 10 mukasurat, sila hantar pada 27 April 2012
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