57% of Malaysian parents provide regular financial support to their adult children, according to ‘The Power of Protection: Facing the Future’ study. However, experts state that a child’s money habits are set by the time they are seven years old. This, therefore, highlights the need to teach kids about the importance of money from a young age. One of the most beneficial ways to instill vital money management skills in young children is to use enticing games which capture their imaginations.
You can teach your child the importance of money through role-play games while they’re still a toddler. Set up a play cafe with a menu and food items, and switch between customer and waiter roles. By doing this, your child will learn the importance of choosing items within their budget. According to Totally Awesome, more than 50% of Malaysian children receive pocket money on a daily basis. Therefore, the skills learned from playing role-play games will show your offspring the value of this money and why it should be saved and not splurged.
Household debt in Malaysia is one of the highest throughout the whole of East Asia, reports The Star. Getting your kids to truly value money by playing traditional games will help to prevent them from falling into debt when they move into their own home. Monopoly is a classic board game which teaches kids about investing, saving, risk and bonuses. Pay Day is another classic which will help youngsters understand how expenses have to be considered when reviewing their cash. Additionally, it promotes the idea that you’re a winner when you save as much cash as possible.
Dungeons and Dragons is a great way to help a child get to grips with earning, saving and spending. They’ll learn the importance of weighing up the pros and cons of each of their purchases and the potential future outcome, which, in Dungeons and Dragons, could be life or death. There’s a whole host of online games, including shopping for pets, grocery shopping and filling up a piggy bank, all of which encourage children to get interactive and to think carefully about how they will afford the next item they desire.
With adult children heavily relying on their parents in order to financially get by and a high number of households in debt, every effort should be made to teach the next generation the significance of money. By playing a variety of enthralling games with your little ones, you’ll open their eyes to the world of money management, which is a key life skill.
Earlier this year we saw Bitcoin hit the headlines by reaching an all-time high and then swiftly falling back down on the stock market. Since then, Bitcoin has faded into the background a little, with the future of the coin still remaining uncertain for most people.
Bitcoin was actually introduced in 2008 as a cryptocurrency. It posed as an attractive alternative to real currency as banks increasingly lose their trust against the UK population. Yet, as a typical trend on the stock market over-investment and media advertising caused bitcoin to quickly drop down in value.
What’s next for Bitcoin?
Whilst it seems that all has died down surrounding the bitcoin hype, there are still some investors that believe in the future of cryptocurrency. Yet, with it being an unknown and untested currency it remains unclear as to what the future holds. In fact, it seems that there is now more skepticism that the currency will ever achieve the ultimate goal of becoming the world’s leading currency.
The worth of currency
The truth is that a lot of countries in the world have currencies that aren’t actually worth the plastic or paper that they are written on. Bitcoin and other cryptocurrencies were supposed to bridge that gap and solve many problems. But regulators, investors, and the general public don’t seem ready for such technology.
The younger generation and the need for cash
Bitcoin took off because there was a lot of anger from younger generations about the way the banks operated. With the rising costs of living and not much movement on the increase in salaries, more and more people are looking for alternatives to increase their wealth.
In fact, as debts increase more and more people are looking at short-term loans. Consider Uncle Buck, a short-term loan company that can help to consolidate debts and helps get people back on the right track. Whilst a loan isn’t always ideal, compared to Bitcoin, these sites are regulated by the FCA, giving more confidence to those that need access to money without relying on credit cards and overdrafts with high interest.
In reality, relying on any one form of investment, loan or overdraft won’t make you rich instantly. It’s more important to manage your money and budget for your lifestyle. Investing in anything, not just cryptocurrency is a long-term game and can take years to master. Therefore, looking at Bitcoin as a way of making a quick buck is probably not the right way to go.
Instead, if you really think that cryptocurrency is the way forward, do your research, learn from current investors and start small. That way, you may be able to benefit if Bitcoin increases in value, but you can also move with the peaks and troughs in the best way that suits you.
Whilst the future of Bitcoin is unclear, there are still many people that believe it could be the way forward in terms of currency. Yet, it’s important that it’s seen as an investment and not a fast way to cash. For Bitcoin, it’s kind of a watch-this-space kind of situation.
One, that we hope will be profitable for the many that have invested in the coin.
I am not kidding you. This has been done by a lot of scammer here in Malaysia. They are making a lot of money by using Facebook. All you need are a lot of sexy picture and sweet talking ability. Because men are easy to control when we know what they want. Offer them something that they don’t want to refuse and they will do anything that you ask. Will you pay blindly ?
1. Remain calm, your money is still in there. Unless there is some robber try to pull the machine with a truck. Then you should be worry or maybe scream loudly for help : )
2. Take every details that you can. Cash deposit machine number, time of incident, which bank and take any receipt if it’s available.
3. If the incident happen during office hours and at the bank, you can immediately go to the Customer Service and inform them about your money that stuck in the Cash Deposit Machine (CDM). They will provide you with a form to fill in. Fill in the details like your contact number and account number that you wish to deposit the money. Submit the form to Bank’s Chief Cashier. They cannot open the CDM right away because the Chief Cashier do not hold the key. You have to wait for 3 working days.
Tips: Keep calling the bank the next day. Ask for the Chief Cashier. In my case, I got my money back just the next day. 🙂
4. But if you bank in not at bank maybe at petrol pump or at night, you can straight away call the customer service number. Usually the Customer Service number will be available on the CDM so no worries. Provide details to the Customer Service such as CDM number, what bank,account number and contact number.The customer service will provide you with report number. Keep that for future reference. A few Bank Customer Service Number for your reference.
Maybank Customer Service – 1-300 88 6688 or 603-7844 3696
CIMB Customer Care Hotline – 1-300-880-900 anytime anywhere!
Public Bank Customer Service-1-800-22-5555
Make sure you call the Customer Service to check your report status and your money. By referring your report number.
Base on my experience, the CDM machine got stuck when it fails to process the money properly. Maybe something wrong with its roller and got jammed. So if you suspect suspicious activity on the machine. Better don’t use that machine. Hehe.
I already blog about Churp2 and cashed out my 1st cheque with Churp2. Good news, I already reach my 2nd RM 100 this month. I think my Churp2 make more money than my NuffNang. Below is some presentation for you to understand concept of Churp2.
I don’t know whetver I should share about this or not because last time I remember, I make a lot of money with NuffNang. Nowdays, when so many people join Nuffnang, its really hard to get RM50 in a month hehehe.
But since I have nothing to post about, maybe sharing this info about cash reward contest is at least I can do. Its called Spread the Love and Get Rewarded.
Simple, if you have a twitter account and minimum of 25 follower, then you can make money with Churp2. But its still up to you, you can join if you want. If you think its really hard to compose 140 words campaign with simple keywords and lazy to tweet then I would have no problem with that.
Because I can make money with more campaign yehaaaaa!. But if you decide to join…..mmm really..have you think really hard about it. Maybe you need some time, fresh air and clear mind haha. Ok Ok..just use this link to join ok 🙂
Sign Up for Churp2
Details of the contest :
It’s our first anniversary and we are feeling generous! We are rewarding Churpers with RM3,000 worth of instant credit just by inviting your friends to join or just by simply joining the ChurpChurp community!
All you have to do is take part in “Spread the Love and Get Rewarded” contest and ;
1) Invite your friends to sign up
2) Request them to fill in your Twitter username / Facebook Display name in the referral field*
3) Authorize their Facebook and/or Twitter accounts with ChurpChurp.
You can keep tab of how many new friends you’ve invited to ChurpChurp from your account’s Dashboard.
There will be :
One (1) Grand Prize winner of RM 1, 000 instant credit
One (1) Second Prize winner of RM 5 00 instant credit
Ten (10) Consolations Prize winners of RM 100 instant credit each
20 Lucky New Churpers will get RM 25 instant credit each
This contest will run from August 3 – September 2, 2010 and open to Churpers registered in Malaysia only.
Invite your friends into the ChurpChurp community today, and get instant rewards!