Futsal Mania March 2009

All of us are drenched in sweat..smelly..muggy..but definitely still can pose for the camera! =p

Venue: Sports Center, Stakan

Word of the day : SCRUMPET

Scrumpet:
an attractive person, often younger than the person using the word, possibly a bit of a tart
(similar to the yummy baked good, a crumpet, but a yummy person instead)

Did you see her new boyfriend? He's a total scrumpet!

VBPO KG has alot of scrumpets thennnn... :)

Money in Your 20s

Certificate of Deposit (CDs) @ Fixed Deposit (FD)

Definition:
One savings tool is a certificate of deposit or (FD). A FDis a tool that locks your money in at a set interest rate for a certain period of time. The interest rate is usually higher than a normal savings account or a money market account, since you do not have access to the money for the length of the FD. Generally a FD is a very conservative way to save your money since the rate of return is so low on the account.

You may consider setting up a FD if you know that you will be using the money in a specific period of time and will not need to access it immediately. However, this is generally for very short periods. If you are looking at more than five years you should consider mutual funds. If you are considering a shorter period you should also consider a money market account. A FD rate will not go up if the interest rates begin to rise whereas a money market account will. If the interest rates are close it may be better to go with a money market account, because the interest rates vary according the current market.

One of the biggest risks of a FD is that you will not earn interest at the rate of inflation. Additionally if you do need to access the money before the FD term is up you will pay penalties and early withdrawal fees. If you are considering opening an IRA that is a FD you would be better off going with an IRA that is connected to mutual funds.

FDs have different options when it comes to paying interest on the account. Many FDs will deposit the interest into one of your accounts monthly or quarterly. Other FDs will add the interest back into the FD or pay the interest at the end of the FD term. Additionally some FDs will automatically roll over into a new FD at the current market rate. If this is the case, you need to mark the date on your calendar so that you can withdraw it and put it into a better investment option.

Smart Money Tips

To whom can’t control their spending habit using the credit cards should have test to do this technique. The technique called “Freezing Your Credit Card In Ice”. The requirements are:

• A freezer or chiller



• Credit Cards



• Glass of water
  

The way to have it done is by putting the card is a glass of water and put the glass in your freezer. Let it be ice. Do not worry as the card will not be damaged.
This makes it so every time you want to use your credit card, you’ll have to wait for the credit card to melt. By the time the ice has thawed, your desire to impulsively purchase may have evaporated as well.
Apparently, it doesn’t ruin the credit card, although it will if you try to microwave-defrost it. This method is probably only good for people who do their shopping sprees in-person. Online shopaholics would just look through the ice.
With this technique you can develop the resistant of having the feeling to swipe and enjoy the credit facilities given by the particular banks. So girls, please use this technique and practice the good way of saving fuel.