Belanjawanku vs eUnittrust

Belanjawanku App is a budget tracking app that aims to help you manage your finances, save more and spend less. Based on research by the Social Wellbeing Research Centre (SWRC), Belanjawanku takes into account the cost of living in the city where you live, your marital status, your stage of life, your mode of transport as well as other factors to generate the right budget for you. Features in the app include: 1. Budget building based on SWRC’s research which provides recommendations on minimum monthly expenses and how much you need to set aside for savings. 2. Budget planning and monitoring – Keeps track of your monthly expenses and allows switching between two budget guides according to your preferences. You can choose between the Belanjawanku or the Rule of Thumb guide when you first set up, or change it any time in your profile. 3. Tips, guides and information on personal financial planning, financial management and much more.

Unit Trusts or more commonly known in the United States as mutual funds, are a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of assets. These portfolio may include asset classes such as: Transferable securities; Cash, deposits and money market instruments; Unit/shares in collective investment schemes; and Derivatives. Investors or unitholders do not actually purchase the securities in the portfolio directly, rather the ownership of the fund is divided into units of entitlement. As the value of the fund increase or decrease, the corresponding value of each unit increases or decreases accordingly. The number of units held depends on the amount of money invested as well as the unit price at the time of investment. The return on investment in unit trust, if any, is usually in the form of income distribution and capital appreciation, derived from the underlying investment of the unit trust fund. Each unit earns an equal return, which is determined by the quantum of distribution as well as the capital appreciation. Example, if income distribution is 1 sen per unit, each unit held by an investor will be entitled for income distribution of 1 sen.