{"id":8025,"date":"2013-12-23T10:52:46","date_gmt":"2013-12-23T02:52:46","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=8025"},"modified":"2014-02-17T14:26:04","modified_gmt":"2014-02-17T06:26:04","slug":"money-lessons-weve-learnt-2013","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013","title":{"rendered":"What money lessons we\u2019ve learnt in 2013?"},"content":{"rendered":"<p><a href=\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-8026\" alt=\"2013-2014-year-end\" src=\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\" width=\"405\" height=\"213\" srcset=\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg 405w, \/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end-300x157.jpg 300w, \/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end-95x50.jpg 95w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/a>Writing about personal finance, we at iMoney have often stumbled upon money tips and shared them with you over the course of 2013.<\/p>\n<p>We&#8217;ve learnt some pretty major money trends (such as the new RPGT rates) to more minor \u2013 but not totally insignificant \u2013 lessons, such as using chat apps instead of SMS can help Malaysians save RM13,499,424 a year!<\/p>\n<p>But the best things we&#8217;ve learnt have come from some of the popular stories found on our <a href=\"\/articles\" target=\"_blank\">Learning Centre<\/a>.<\/p>\n<p>As we move into 2014, it would make sense for us to lay out some of the best money lessons or tips we&#8217;ve taken away from these articles.<\/p>\n<p><b>Lesson 1: Credit cards can you help combat petrol price hike<\/b><\/p>\n<p>No, this is not a scheme to get you to sign up for more credit cards. Petrol credit cards, if used correctly, do help you save on petrol money in the form of cashback or reward points.<\/p>\n<p>Jun Han, a employee of iMoney said, \u201cIt pays to be loyal as I get rewarded with points that can be used to redeem items from the petrol station or even used it to pump more petrol.\u201d<\/p>\n<p>Read more: <a href=\"\/articles\/10-ways-to-save-petrol\" target=\"_blank\"><b>10 easy (and cheap) ways to save petrol<\/b><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><b>Lesson 2:<\/b> <b>Understanding your mobile phone usage pays<\/b><\/p>\n<p>We shed some light into how much Malaysians spend on telco charges and recommend alternatives to SMS and mobile plans. The saving may not be much, but if you multiply what you save a month by 12, you will end up saving a lot more in a year!<\/p>\n<p>Our colleague, Jacq said, \u201cMy job requires me to be constantly in touch with my clients but with more people using chat apps these days, I\u2019ve managed to save about RM15 a month on SMSes.\u201d<\/p>\n<p>Read more:<b> <\/b><a href=\"\/articles\/6-ways-to-save-money-on-phone-bills\" target=\"_blank\"><b>6 ways to save money on phone bills<\/b><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><b>Lesson 3: Home loan refinancing is not just for when you are broke<\/b><\/p>\n<p>Most people shy away from<b> <\/b>home loan refinancing but it can be a great option for when you\u00a0 need extra cash for things like your child\u2019s education. Refinancing can help you alter your loan tenure and save you thousands in home repayments.<\/p>\n<p>Our colleague,<b> <\/b>Adrian said, \u201cI was 26 when I bought my first home in 2008. In hindsight I may have rushed into it but I\u2019m applying for a home loan refinance and will save approximately RM440 on monthly repayments.\u201d<\/p>\n<p>Read more: <a href=\"\/articles\/home-loan-refinancing\" target=\"_blank\"><b>Home loan refinancing: What is it and why would you need it<\/b><\/a> <b><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Lesson 4: This is the best time to start planning for your retirement<\/b><\/p>\n<p>There is no escaping tax but you can certainly reduce the amount you will have to pay. We tell you among other things, how deferring your income and making larger contributions to a retirement fund can help you save on tax payments.<\/p>\n<p>Benjamin said, \u201cThis is the push I need to start my retirement planning. The earlier you start, the better off you are. Plus who will say no to almost immediate return for PRS investment, in the form of tax rebate?\u201d<\/p>\n<p>Read more: <a href=\"\/articles\/5-year-end-tax-moves-will-blow-mind\" target=\"_blank\"><b>5 year-end tax moves that will blow your mind<\/b><\/a><b><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Lesson 5: The earlier we start on our children\u2019s education fund, the better<\/b><\/p>\n<p>When do you start your child\u2019s education fund? Or do you just brush it off, and hope things will be better by the time your child turns 18? You\u2019ll be surprised how easy it is to take the first step to planning your child\u2019s education with this simple infographic by iMoney.<\/p>\n<p>Prema who has a three-year-old daughter, said, \u201cHaving an idea of how much we need to save for our daughter\u2019s college education can be intimidating, but it also gives us an idea how and how much we need to save to achieve our goal.\u201d<\/p>\n<p>As always, we hope these lessons we learned will be able to help you navigate through 2014 and make better financial decisions. \u00a0We look forward to doing it all over again in 2014.<\/p>\n<p>&nbsp;<\/p>\n<p><b>Want to learn more money-saving tips? Here are <\/b><b><a href=\"\/articles\/10-simple-ways-to-save-money-photos\" target=\"_blank\">10 more simple ways to save money.<\/a><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are some of the best money lessons and tips we&#8217;ve learnt from our most popular articles in 2013.<\/p>\n","protected":false},"author":1,"featured_media":8026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[218,21,29],"tags":[],"class_list":["post-8025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-management","category-properties","category-savings-account"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What money lessons we\u2019ve learnt in 2013 | iMoney<\/title>\n<meta name=\"description\" content=\"As we move into 2014, iMoney has laid out some of the best money lessons or tips we&#039;ve taken away from some of our most popular articles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What money lessons we\u2019ve learnt in 2013 | iMoney\" \/>\n<meta property=\"og:description\" content=\"As we move into 2014, iMoney has laid out some of the best money lessons or tips we&#039;ve taken away from some of our most popular articles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-23T02:52:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-02-17T06:26:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"405\" \/>\n\t<meta property=\"og:image:height\" content=\"213\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"iMoney Editorial\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"iMoney Editorial\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013\",\"url\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013\",\"name\":\"What money lessons we\u2019ve learnt in 2013 | iMoney\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\",\"datePublished\":\"2013-12-23T02:52:46+00:00\",\"dateModified\":\"2014-02-17T06:26:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb\"},\"description\":\"As we move into 2014, iMoney has laid out some of the best money lessons or tips we've taken away from some of our most popular articles.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg\",\"width\":405,\"height\":213},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Money Management\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/money-management\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What money lessons we\u2019ve learnt in 2013?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb\",\"name\":\"iMoney Editorial\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g\",\"caption\":\"iMoney Editorial\"},\"description\":\"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.\",\"sameAs\":[\"http:\/\/www.imoney.my\"],\"url\":\"https:\/\/www.imoney.my\/articles\/author\/chinglee\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What money lessons we\u2019ve learnt in 2013 | iMoney","description":"As we move into 2014, iMoney has laid out some of the best money lessons or tips we've taken away from some of our most popular articles.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013","og_locale":"en_US","og_type":"article","og_title":"What money lessons we\u2019ve learnt in 2013 | iMoney","og_description":"As we move into 2014, iMoney has laid out some of the best money lessons or tips we've taken away from some of our most popular articles.","og_url":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013","og_site_name":"iMoney Malaysia","article_published_time":"2013-12-23T02:52:46+00:00","article_modified_time":"2014-02-17T06:26:04+00:00","og_image":[{"width":405,"height":213,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg","type":"image\/jpeg"}],"author":"iMoney Editorial","twitter_card":"summary_large_image","twitter_misc":{"Written by":"iMoney Editorial","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013","url":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013","name":"What money lessons we\u2019ve learnt in 2013 | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg","datePublished":"2013-12-23T02:52:46+00:00","dateModified":"2014-02-17T06:26:04+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb"},"description":"As we move into 2014, iMoney has laid out some of the best money lessons or tips we've taken away from some of our most popular articles.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#primaryimage","url":"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2013\/12\/2013-2014-year-end.jpg","width":405,"height":213},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/money-lessons-weve-learnt-2013#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Money Management","item":"https:\/\/www.imoney.my\/articles\/category\/money-management"},{"@type":"ListItem","position":3,"name":"What money lessons we\u2019ve learnt in 2013?"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/2dc429bac9840e75ad08ab242c57dcbb","name":"iMoney Editorial","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4268d61be86ba47b656e314b503a5c2f?s=96&d=mm&r=g","caption":"iMoney Editorial"},"description":"iMoney Editorial Team is composed of 4 writers with wide-ranging interests and areas of expertise. Their primary responsibility is to write financial-related articles to share and educate Malaysians on how to save, make and grow their money.","sameAs":["http:\/\/www.imoney.my"],"url":"https:\/\/www.imoney.my\/articles\/author\/chinglee"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8025"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=8025"}],"version-history":[{"count":2,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8025\/revisions"}],"predecessor-version":[{"id":8492,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8025\/revisions\/8492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/8026"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=8025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=8025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=8025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}