Live with parents, drive old car is an option

But lifestyle not cool... want to pikat awek with new shiny car

i thought with 4k salary enough, 1k house 1k car 1k everday use 1k saving

AAAABBBB, you my idol already 

Just to check, y don't u just live with your parents? Will safe you a lot more. Like what im doing now HEHE.

Live with parents, drive old car is an option

But lifestyle not cool... want to pikat awek with new shiny car

i thought with 4k salary enough, 1k house 1k car 1k everday use 1k saving

RM80K for a Chevrolet Sonic

I will be making around 4k+ month when i start working soon.

Since I will be busy with work I wont have time to think or plan my spending wisely once I started.

I want to ask about 2 most important thing house and car:
Im thinking 1500 for house and 1000 for car. 1500 for living + parent allowance.

1) Buying a house is consiedered liability or investment? Should i quickly get a property once i have the money for downpayment?
The extra money i have should i save in bank for dividends or for property instalment?

2) I want to save money but i also dont want to look poor therefore thinking maybe spend 1000 for vios monthly? Is it wise? Should i settle with proton? Thinking if proton i might want to change car in 5 years the car value depreciate greatly compare to vios.

My financial management a bit messy lo , that is why I give salary I earn working for company..

others i just roughly know how much I have lo..RM150K + more.. EPF account those all untouch yet..

To keep my mom and dad have a safe heart to sleep at night...

I put RM50K for my mom to buy senior citizen FD hong leong bank at higher rate intrest..she keeps the money for me..I seldom ask how much interest I got

Same i put RM50K for my father..You know la...old ppl when know their son got lots of money savings in their hand they also feel secure I am doing well , no need worry me so much

then I still got RM50K under Sukuk 1 Malaysia under my name, this is the 3rd year last year already...Ah...this I know coz I go get the interest 5% to pay my holidays and sometimes extra for maintainance fees..

got others RM10K in Bank Rakyat FD if not mistaken, another RM11K in BSN senior citizen under father and mother joint account, not remember how much $ in Wawasan 2020 and others...

I rarely count the money in my savings one la...When money not enough I work harder do some part time or OT. Money not at my hand make me more discipline saver...I see I no money I no buy..

I no money I eat bread drink water, or cook porridge eat few days..

I stay discipline by withdrawing max from atm machine RM200 a week..Money finish that is it...if electric bill come RM70, I go pay RM70 so I left with the balance RM130 for the week..If the streamyx bill come RM88 I go pay too ..so I left RM42 in pocket... Breakfast I skip, lunch eat at company got RM50 to swipe for 1 month..and night time I cook maggi mee or make sandwich eat..

If inflations go up too high, I work harder..I do not declare my partime income as not consistent..sometime got do get extra dollar so I can make it through that week..If not I just stay at home and minimize activity of spending money in the weekend.

From the situation on top u know la,,ignore others detail

ManAtWorkIncome - Spending = Savings
RM2800 - RM800 = RM2000

Mom and dad tell me no need worry about those inflations thing coz later going to inherited property from them. should be able to cover inflations rate.
Dad tell me not to worry about taxes too, if I get tax a lot by govt I must be earning a lot more...Should be happy.

So basically I just worry now is can I save 1 million or 2 million in 10 years time and retire earlier.

Hi appreciate you sharing all your personal finance management. one of the things i notice is saving up vs health and life. i mean sometimes life is not just about saving up for the future. We should save up but not into the other extreme that we need to skip breakfast (this is not good for your health because breakfast is the most important meal and in long term this can cause gastric too) and eating unhealthy food due to need to save up. We can control our eating lifestyle but not into skipping meals regularly. And in long term when our health is in bad shape, the money to spend to 'fix' our health can be very large amount. This is also mean some money need to be allocated for supplement/vitamins too.

Sometimes it is good to reward ourselves with nice tasty food too.

And what about entertainment or vacation expenses? This is also related to our social life too. If life is just about work hard and save hard all the time, i think it is not too 'balance' already.

Lastly, what about insurance, like life insurance, medical insurance, car insurance, pa, car maintenance?

Let me share with u all, a way to cook good food, use little gas and is ideal for busy ppl like me never see sun one..

Use thermal cooker...I invest around RM500 to buy this ..buy during sale..the concept simple only..

Make soup, porridge, read bean tong sui, etc

1. Throw all in the pot. Closed the lid and cook for 15-20 minutes using gas fire.

2. Put the pot into outer insulated container...and it continue to cook the whole day without using any gas or electricity..it is hot and warm when u eat that time

It usually takes 4-5 hrs, rice become porridge...

I usually cook midnight dump everything in, morning can eat porridge already...

So if make soup also same morning cook, night time come back can drink soup already...lunch time actually the soup also ready,,can drink too..

http://thermalcooker.wordpress.com/2008/09...thermal-cooker/

how did I eat?

morning
1. Go offis got free either one of this curry/ sardine bun, cakes, biscuit, etc . They rotate can take 1 or 2 in the morning. Drink Milo, White Coffee, Cappucino, etc for free at cafe

lunch
1. Company give RM50 to swipe for food per month. finish the RM50 ownself need to pay. Company give 1-2 free fruit per day.

Tea
1. Eat maggi or drink mushroom soup, eat biscuit, etc. Company give yippie

Dinner,
1. Using the thermos cooker like magic lo...can do so many good food..very cheap...can even cook bak kut teh

it can do miracle

http://thermalcooker.wordpress.com/categor...pes-main-meals/

http://unclephilipsg.blogspot.com/2009/04/...rmos-flask.html

Hi all, I got one problem here... I just work in gov and earn 3.6k after deduct epf..
Now I'm using my bike to go to work to reduce cost.. fuel and toll and time also..
Now I need to repair my bike..the question is, should I just repair my bike which cost around 5k or by a new bike with higher cc... My bike still got hutang 2.5k with shop.. repair cost about 3k.. then 2k for accessory.. will do this in 5 month..
Or should I clear my hutang and trade with new bike.. trade my bike will get around 4k or 5k and new bike cost 17k.. really need an oppinion from you all

I'm using fz150 only.. not sbk.. if sbk, botak already.. fuel comsumtion is .ok, rm10 for 180km per day . Cruise at 120km/h.. its just engine already wear out soneed to do overhaul already.. estimate repair cost about 3k maximum.. this my first time send my bike for full overhaul

Brother,

Buying a first house for fresh graduate is consider a wise choice, since house is consider an asset , and you need some roof for yrs living. Try to get a house that you can affort comfortably to pay the instalment every month. The property market was at the peak at the moment, dun be too rush to get a property, try to walk in to more house launching and familiar with what type of property offer in the market, see the real shown house and etc. When they is an opportunity arise, just grab it.

For fresh graduate, buying a new car cost almost double yrs annual income is not a wise choice, you end up burden with the car instalment and please remember never to take loan > 5 year. For my experinces  owning a few local car at the initial age, the experiences told me Proton car althrough buy in cheap, but the resale value also drop like hell after 5 year, the more important aspect  like safety features was missing in lower end local car. Another aspect you need to consider is proton car tend to give you bad NVH after 2-3 year ownnership. If you want new and shining car at initial 1-2 years, Proton is yrs choice.

Since you are working on Island, and yrs family in Ipoh, and the distance i can say is not that far away. The better option is to buy a Japanese used car like T , H or N, car age allow 5-6 year, the car price have dropped almost haft the value, the cost between 45-55k, more important is the car depreciation will be lower, low spare part cost, easy to maintenance, less insurance cost, less worry on theive issue and much better car insulation and NVH, even after 10 year of ownership. This range of car used to be equiped with safety feasture like ABS, airbag, VSC, BA etc.  For personal matter, owning a Japanese used car , not look poor for me.

Hope this help.

I still have my old bike, almost 20yrs already. Dont know what to do with it as very seldom use now.

Youngman28,

Buying your first house after graduation is not a wise choice. Bear in mind, the default payment when you works later. It is not an asset, when later you found out the place is not strategic for investments and target growth areas, other than keep paying for a living, you're digging a big holes in your finance. House can be an asset or liabilities, property always focus on location and execution. They have their own advantages and disadvantages for freehold and leasehold. Your property is worthless if there's empty from people accessibility and demands. if you're holding your repayment too long, your interest that you're paying will legally give a bank another property for free, and you're paying two property but legally, you only owned one of it due to the interest payment.

Donate to the poor, and people who need it desperately, such as orphanage or old folk home. 

Eating habit improve.. luckily company give a lot of benefits..