BabyOpus

Help! I’m so confused on getting a trust fund up for Abby.So many options to choose from..and money management to re-structure with my own finances.Like they said;in a marriage;-till debt do us a part.

A fund for Abby is vital as it would be an assurance for her education once she turned 16.However,it wont be as easy as A,B,C to set a fund.We have the home loan,car loan,credit cards…Gosh,it sure is a headache to manage all….bad credit loans;they call it.There is the Debt Management Counsel which has been set up in Kuala Lumpur but even to just consolidate the debts is such a headache with the lazy officers incharge! I wish we had good on-line sites which provides the best rates and packages from various bank to reduce bad credits/debts ;all in 1 site and at a click of a mouse.

I guess it would be wise to have a trust fund for Abby.Looks like mu hubby and i would need to start cutting down on our overseas trips:(………….and tiny stuff like loafing at Starbucks and watching movies every weekends….for Abby.

I was at the nursery to pick Abby this evening and her sitter was complaining that her credit card got fraud ..An identity thief had actually went on a shopping spree with purchases of electronic items amounting to MYR 28,000.A well known electrical store had even ;-actually approved the transaction on monthly installment!

Fraud …….I sigh ;looking at Abby…So innocent…Fraud cases especially identity theft was getting common nowadays.

 My cousin actually recommended Debix;which actually protects from identity thefts.Debix has partnered with LoudSiren ;a network that provides security pin whereby the bank or creditor will call to verify before proceeding with any loan approval should any loan be requested.And each signup even recives an identity theft insurance with AIG.Sounds pretty cool but i dont think its yet available in Malaysia.If only our financial institution here is as updated as it is overseas.

Identity theft can be a nightmare for many ..and the worst part is when the banks are the heartless and do not waive off the amount that is ‘fraud’.I believe our children deserves a better tomorrow and as parents;we are the only ones that can mould and map their future….migration?for a better tomorrow?