MoneyDigest - Personal Finance, Lifestyle, Money Saving Tips

Save Money By Finding A Bra That Fits

Tired of constantly purchasing a bra that is either too loose or too tight? Perhaps, you have not figured out your perfect size yet. Do not worry, you are not alone! I was once lost in the sea of under wires, push-ups, and strapless undergarments as well. But, I turned things around by following these steps:

1. FIND THE PERFECT SIZE

The foundation of this journey is to find the right size of your brassiere. Start by determining your band size.

While wearing a bra, measure around the bottom of it directly under your bust. Round the measure to the nearest whole number. If the number is even, add four inches and if the number is odd, add five inches. The sum will become your band size. For instance, you measured 33 inches then, your band size is 38.

The second step is to determine your bust measurement. Wrap the tape measure a bit loosely around the fullest part of your chest. Then, round the measure to the nearest whole number. Lastly, calculate your cup size by subtracting your band size from your bust size. Then, refer to this chart to know your cup size.

2. FIND THE RIGHT STYLE

Now that you had discovered your perfect size, you can move on to finding the right style. Take note of three things namely: the cut, the fabric, and the color. The cut can be full cup, half cup, or camisole style. The fabric can be cotton,silk, or lace. And, the color can resemble any part of the rainbow! Find the right style that will fit not only most of your outfits but also most of the occasions.

3. SEEK HELP FROM THE SALESPERSON

If you still feel completely confused and lost then, it is time to ask the salesperson’s help. Helping you find the perfect bra is part of their job. Also, you may ask if there is a professional fitter in the shop to help you check your measurements. Then, test the recommended bra yourself.

Image Credits: pixabay.com (License: CC0 Public Domain)

4. WASH WITH CARE

It is important to wash your undergarments with care. In fact, bras made with nylon and cotton do not do well in the heat of your dryer. A better alternative is to hang them to the air dryer or to wash them inside the laundry mesh bags. You can purchase cheap laundry bags at Daiso. Also, remember to fasten the bra to prevent the hooks from clinging on to delicate sweaters.

Sources: 1 & 2

5 Tips On Successfully Running The Business With Your Lover

Managing a business poses its challenges and managing one with the one you love can make it even tougher.

Luckily, there are different ways to successfully intersect your business with pleasure. Here are some of them:

1. PLAN AHEAD

Before diving into a business venture with your boyfriend or girlfriend, one of the first things you must develop is a concrete plan. If you have never gone to that route before, it is best to research on your target market and the business nature itself.

2. COMMUNICATE OPENLY

Transparency is important if you want to make things work. Talk openly and honestly about your expectations, your concerns, and your assigned roles. It will make the business easier to manage if you had established these things earlier on.

3. SET YOUR GOALS STRAIGHT

If you are going on a cruise or a romantic trip with your lover and you decide to mix the business elements by meeting a few potential clients along the way, always keep your business pitch. It would be a horrific loss to spend tons of money and time on a potential client who does not take you or the business seriously. This is why you must set your goals and stick with them.

4. HANDLE THE CHAOS WELL

Conflict and chaos will happen beyond your control and you have to figure out a solution without adding blaming, bad attitudes, and frustrations in the pot. Handle the chaos well by calmly solving each problem side by side. Control your business and prevent conflicts by using websites such as Basecamp and Yammer.

Basecamp is a web-based project management and collaboration tool that allows files, messages, schedules, and other stuff to be stored in one place. While, Yammer is a private social network that helps employees communication across departments and locations.

5. REMEMBER TO MAKE TIME FOR EACH OTHER

When you create a business with your partner, it is paramount to make time for quality dates or intimacy sessions. Start by deciding when you will close the operation of your business for “date nights”.

Image Credits: pixabay.com (License: CC0 Public Domain)

Reconnecting with your lover outside of work is important because you are more than just “business partners” you are an A+ couple!

Sources: 1 & 2

What should you invest in? Equities or Bonds?

What should you invest in? Equities or Bonds?

The answer depends on two major factors: how young/ old you currently are, and the riskiness of your job. To elaborate, it is good to understand some basic concepts:

There are basically two types of investment products, bonds and equities.

Company issue bonds, which is borrowings with a fixed rate of return (interest rate). Bond holders do not own the company, so do not get to vote in company decisions.
Company sell shares, which is equity to shareholders. Shareholders own parts of the company, so they get to vote in company decisions, as such, shareholders also undertake the risk the company takes.

Basically, it shows the simplified balance sheet of companies.

The revenue that company earns goes back to pay business expenses (eg. employee salaries, tax, etc), before paying for the interest owed to bondholders, leaving what is left as the profit.

The company can then choose to distribute part of the profit as dividends.

So in the 3 scenarios, they look like:

Normal economy – Revenue minus business expenses minus interests for bonds equals profit.
Boom – Revenue increases by quite a bit, minus business expenses which is more or less fixed, might increase a little bit, minus interests payable to bondholders which is the same, and leaves quite a lot of profit. Shareholders then get to share in the profit.
Recession – Revenue dropped by a lot, minus business expenses which is roughly the same, maybe drop a bit only because you can retrench some staff, but can’t retrench everyone, minus interests payable to bondholders which is the same, leaves very little as profit.

In the event the company goes bankrupt, it will have to pay the bondholders first, because in bonds, they owe money to bondholders. After that, any money left then goes on to paying the shareholders.

In the case of stocks and shares, share cycles typically lasts 8 to 10 years.

Total earning potential is the sum of your earnings from today until the day you retire. Given the above, which total earning potential scenario is higher?

When you first started work fresh out of university or
After working for some years and possibly earning at your peak?

The answer is obviously the former, where you first started your first job in your twenties. Why is this so?

Imagine that you retire tomorrow, your total earning potential will then be your salary today + your salary tomorrow.

This means when you first started work, you have a long earning timeframe until you potentially retire. While counterintuitively, when you are possibly earning at your peak after several years of working experience, you may not have a high total earning potential.

Diversification is then spreading your investments over a number of assets to reduce risk.

What this means is:

Age wise

When you are young – you behave like a bond (because if you get fired when you are young, it is easier to find a new job because your salary is still low, and got more time to accumulate wealth)
- So when you are young (bonds) – you should buy equities
When you are old – you behave like a share (because more risky, less time to accumulate wealth and see through the stock market cycle)
- So when you are old (equities) – you should buy bonds

Occupation wise

When you are in a low risk job (eg. government sector, teacher although I know thatnowadays the “iron rice bowl” is not as low risk as it usedto be) – you behave like a bond (less chance to get fired)
- So when you are in a low risk job (bonds) – you should buy equities
When you are in a high risk job (eg. private sector, banking) – you behave like an equity (more chance to get fired, but got potential to earn a lot in good times)
- So when you are in a high risk job (equity) – you should buy bonds

Image Credits: pixabay.com (License: CC0 Public Domain)

So there you have it. Depending on where you are in your career life cycle, and whether your career behaves like equity or bond, invest accordingly to achieve the desired diversification effect.

“Work hard, save up to invest, retire young.”

Reduce Your Debts Dramatically With The Debt Diet

Ellie Kay once said: “Getting out of debt is like going on a diet — it may sound simple, but it sure isn’t easy.”

Debt takes a toll on your relationships, your family, and your future. Just as being obese leads to physical and emotional challenges, debt has its own negative consequences too.

Inspired by Oprah Winfrey’s Debt Diet, three financial experts namely: David Bach, Jean Chatzky, and Glinda Bridgforth were sent to help several families to solve their monetary dilemmas. They shared debt elimination tips and suggested practical ways for people to increase their income and reduce their spending.

Before anything else, here are the “signs” that you need to go to participate in the Debt Diet:

1. You depend on your credit card to pay for your living expenses.

2. You rely on overtime pay to make monthly expenses meet.

3. You utilize your credit card/s to pay for items that you used to pay for in cash (e.g., groceries or clothing).

4. You use your emergency savings to pay for your bills.

5. You borrow money from your family and friends to pay your bills.

6. You delay paying one bill in order to pay an overdue one.

7. You utilize credit card A to pay bills for credit card B.

8. You can only pay the minimum amount due on your accounts.

If most of the “signs” point to YES, you may employ the following steps of the Debt Diet:

1. Determine how much debt you have and what it is costing you.

2. Monitor your spending and look for ways to make extra money (e.g., by giving up certain expenses).

3. By understanding how credit cards work, use your credit card/s to your advantage.

4. Stop spending on unnecessary things.

5. Make a strategic monthly spending plan.

6. Determine ways to increase your income and identify the steps you need to achieve it.

7. Prioritize your debts.

8. Do your best to know yourself and your spending behaviors.

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1 & 2

Is AirAsia Flying Private?

Budget airlines enabled people of all walks of life to travel at their convenience.

If I asked you to name five budget airlines in Asia, it is no surprise that AirAsia will come to mind. Since its inception in 2001, AirAsia has become one of the biggest budget airlines in Asia with over 170 airbus jets serving nearby countries such as India and Philippines.

Taking the feeble regional aviation market and the struggling Malaysian economy into consideration, Tony Fernandes may find it hard to take AirAsia private due to the large funding needs. According to the analysts they would need approximately US$800 Million to make the budget airlines into private based on the 25% premium.

It is important to note that AirAsia’s sales are immensely translated in local currencies while its costs are mostly in U.S. dollars. This poses a problem since the floundering Malaysian Ringgit led to the lost of 17% this year. Also, as of June 2015, AirAsia had a net debt of 10.5 Billion Ringgit (US$2.4 Billion). Nonetheless, there are some investors who are willing to bet on Malaysia’s recovery and cheaper oil prices.

Fernandes had reliably backed AirAsia’s finances ever since. Last June, he said that the airlines could simply raise a billion U.S. dollars by creating sales and lease back of aircrafts. Furthermore, AirAsia’s valuations are more affordable than its smaller competitions. According to Thomson Reuters data, the budget airlines is trading at less than six times its expected earnings for the next year, while Philippines’ Cebu Pacific Airlines is trading at more than seven times.

This brings us back to the viable question of whether or not AirAsia is flying fancy any time soon. Let me conclude with the statement released by an analyst named Jian Bo Gan:

“The founders may not have the financial muscle to launch a privatization bid on their own, so a consortium together with another airline or PE fund is more likely.”

Image Credits: pixabay.com (License: CC0 Public Domain)

Sources: 1 & 2

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