Milking a U-turn

The government's budget U-turn - withdrawing a proposal to inject HK$6,000 into each Mandatory Provident Fund account and replacing it with a cash handout to permanent residents and a cut in salaries tax - should make everybody happy.

Saturday, 5 March, 2011, 12:00am

Businessman makes it his mission to break culture of secrecy over annual budgets

Sichuan businessman Wu Juliang, 48, started gaining a national profile three years ago when he called on authorities to make detailed annual budgets public, information that used to be considered a state secret on the mainland. Mr Wu said the call raised public awareness about civil rights and helped foster more transparent government.

15 Mar 2009 - 12:00am

quiz time

Choose the correct definition for the following words

1. average

2. budget

3. pressure

4. stingy

5. value

6. charitable

a) unwilling to spend

b) if you have a HK$100 budget and want to buy presents for two friends, you can spend HK$50 per friend

8 Dec 2008 - 12:00am

quiz time

Choose the correct answer

Different types of expenses

1 A bureau de change buys and sells currencies at two different rates. The difference between the two rates is called:

a. spread

b. margin

c. profit

2 There are three main types of expenses: fixed, variable and ... :

a. diversionary

19 May 2008 - 12:00am

quiz time

True or False?

Goal - compulsory saving for retirement

Budget - project or future expense you plan to do

MPF - you lose something to get another

Trade-off - how much you plan to earn, save and spend

Are all expenses goals?

Shall I put daily expenses in goals?

7 Apr 2008 - 12:00am

Manage your affairs for marital bliss

Money is often cited as a one of the major causes of marital conflict, so to avoid arguments and misunderstandings, it is important to sit down with your partner in order to discuss the details of income, expenditure and longer-term financial goals.

8 Mar 2008 - 12:00am


True or False?

1) Budget - another way of using money

2) Economise - spend less

3) Alternative - a forecast of expenses and revenues

4) Reserve - money set aside

5) Prioritise - keep aside

Tips on how to save

4 Feb 2008 - 12:00am

The do's and don'ts of lai see management

Kung Hei Fat Choi! Here comes the season of red packets. This annual revenue is usually much higher than your monthly allowance or it may even be your only income.

How can you manage this money? Will it be enough for all the items on your wish list?

First thing to avoid: don't rush to the shops.

And don't go shopping with all your lai see money.

4 Feb 2008 - 12:00am

Financial secretary expected to be more cautious in budget

The global stocks sell-off has made the financial secretary more cautious about cutting taxes and government spending in the coming financial year as he draws up his budget, government sources say.

23 Jan 2008 - 12:00am

How to do a budget

A budget is like a map to help you navigate your way safely and avoid getting lost.

1 List all your expenses. You need to include everything.

2 For a week or a month, note down all that you spend, by category (food, clothes ...).

3 By looking at how much you spent, anticipate how much you plan to earn and spend for the coming months.

19 Nov 2007 - 12:00am

Don't forget your bills

You have just earned your first salary. Great! You spent most of it on equipment you needed to buy for a long time. But today, there is an unexpected envelope in your letter box: your phone bill.

Oh dear ... you had forgotten about it! And there will be other utilities bills coming: electricity, gas, water ...

19 Nov 2007 - 12:00am

Focus on financial health

More than 2,000 secondary school students who graduated from a personal finance course

this month gained a better understanding about how to manage their money.

They took the Personal Economics Programme organised by Junior Achievement Hong Kong (JAHK) and sponsored by the Citigroup Foundation.

29 May 2006 - 12:00am

The wages of reasoned debate

The rhetoric against this year's budget, among political parties, was not a fundamental attack on the blueprint. Few would have said there was a serious chance that legislators would veto it in last week's vote.

3 Apr 2006 - 12:00am

'Best-case' surplus $28b

The government may announce it has spent as much as $20 billion less than forecast this financial year, producing a budget surplus of $28 billion and putting public finances in their best shape since the handover, says an accountant.

16 Feb 2006 - 12:00am

Time to stop budgeting on land sales income

Ignore the loss of estate duties. The bigger message of the budget is in the real estate duties, or at least in the item of revenue marked 'capital works reserve fund'.

17 Mar 2005 - 12:00am