4 Money Reasons to Celebrate January 2015
Author Avatar

 

For the most part, January 2015 seems peppered with monetary misfortune. From the global oil price drop, the weakening Ringgit and the oncoming GST implementation – what could one possibly find to celebrate?

In no way are we attempting to make light of the problems the country’s economy does have – but there is enough worry provided in the newspapers everyday. Here are some of the good news Malaysians received – however small they may be – that should make you smile just a little this end of January.

4 Money Reasons to Celebrate January 2015

Cheaper Holidays

With the cost of oil plummeting the way it has; many Malaysian airline companies have started offering promotional rates for flights with no fuel surcharge. This move has made traveling within the country and the region just that much cheaper. AirAsia, Firefly and Malindo have all announced that charges for fuel surcharge will be scrapped for the interim and fares will feature promotional rates as well. Other Asian airline companies are following suit and there is hope that this may extend to other airlines worldwide. This may be the best time to see those places you’ve always wanted.

Cheaper Fuel

With crude oil prices continuing to plummet; we’re making the consequential guess that fuel prices at the petrol pump is going to get cheaper come February first. As is, even without government subsidy; prices have fallen to the once subsidised rate. The Rakyat Post estimates the fall to be up to 21 sen cheaper in February, which is good news for our pockets. Whilst, we can’t, unfortunately say that anything else will reduce in price as a consequence but at least you’ll be able to get a full tank of fuel without crying over the receipt next month.

(Slightly) Bigger Paychecks

Well, it’s not that the country has decided to unanimously increase pay checks all around but the reduction in income tax rates will see (those of you who are taxable of course) a slightly higher bottomline in your January paycheck. Consider it a small ‘bonus’ from LHDN (which should go on every month in 2015). The reduction is approximately 1%-3% per year depending on your tax bracket so don’t expect to get rich off it. But it’s definitely a nice extra.

First BR1M Payouts

For those who qualify for BR1M and are expecting to be paid your first payout – the government has hurried along payments mostly to help those suffering the aftermath of the flood. BR1M payouts began on the 15th so by now, you should have received yours. Depending on how much you qualified for; payouts are around RM300 for the first disbursement. It may not be a princely sum but the sound of free money always has a nice ring to it.

Again, these small pleasures might seem tinier when looked at next to the other, more pressing problems we seem to be facing but perhaps it’s not such a bad idea to appreciate the little things whilst we strategise to meet the bigger challenges.

Have a great weekend ahead.

 

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 24th November 2021
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Best High Interest Savings Accounts In Malaysia (October 2021)
Pang Tun Yau
- 6th October 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image