not all of us have the opportunity to subscribe the max amount if you know what i mean.

no I dont

but If you want me to guess, I bet the ASB account is not yours, you ask your friends or relative who are eligible for ASB to invest on behalf of you. am I right?

nope. because the quota for my race is fully subscribed.

I thought ASB only for Bumiputera,no ?

ASN not ASB. Sorry, typo caused all the confusion. didnt realise until highlighted. thanks!

=.="

no hard feelings eh...
try not to take monthly credit installments in the future... because they will only cut down your future incomes...
and try not to change your handphone at least for three years.. may be you could save some $$$ for future purpose like a vacation.

is it advisable to make fullsettlemet for my car loan???

currenty the money inside my ASB....

or shud i pay as i am paying it now???every month...

outstanding

RM28,099.80

Remaining Tenure(months) : 53

U need to analyse which cost u more? Return on ASB or the Carloan interest rate, then u will be able to make ur own decision.

how to calcutate the the carloan interest rate for the remaining tenures???

as i was charged 4.3% rates when i signed the HPA loan...

sorry for noob question...

i have 3 cc each around average rm5k usage, which total up rm15k.
i want to clear up the debt by using personal loan, is it advisable to do that ? since i notice each time i paid the amount didnt decrease much at all after a year.

use balance transfer to other bank

u get lower interest charge

what do u mean by use balance transfer and get lower interest charge ?

How Does a Balance Transfer Credit Card Malaysia Work?

A balance transfer credit card allows the owner to consolidate debt. Simply put, an individual can pay off the debt on an existing credit card with the new balance transfer credit card. Thus, the debt cycle breaks. Now, the individual has to pay the debt amount to the new balance transfer card issuer. This provides an extended time period to pay off the debt.



Owing to intensive competition in the market, credit card issuers are offering low-interest balance transfer cards. This allows credit card companies to engage customers who are already using a credit card from another company. Thus, it is a win-win situation for both the customers and the issuer.

Look for low interest rates on debt consolidation while choosing a balance transfer credit card in Malaysia. Many credit cards offer zero percent balance transfer for an introductory period of 12 months. Some cards offer interest rates as low as 3% on balance transfers for a life time. One can also search for banks that charge onetime interest on balance transfers.



Compare balance transfer credit card products from different issuers in relation to the amount of debt. For example, to settle a small debt amount, an introductory zero percent balance transfer card is ideal. However, for a huge debt amount, a card offering a flat interest rate on balance transfer is good.

http://www.maybank2u.com.my/mbb_info/m2u/p...sonal/CRD-Cards

Need opinion

Age: turning 27 this year
Just married (Lets not take wifey’s salary into account first, as salary is not very high and have to support her family, sister’s education etc)

Myself:
Take home salary- $6000.00 nett (after all miscellaneous deductions)

Monthly expenditure as below:
Rent- $650.00
Food, groceries, entertainment- $650.00
Utilities (Phone, internetm electric)- $150.00
Petrol- $100.00
Study loan interest free (for the next 20 years)- $400.00

Other expenses (annually)
1) Exams, books and courses (for career advancement)- $3600.00 per year
2) Life insurance/ health/ car insurance- $3400.00 per year
3) Travel- $2800.00 per year (mainly to visit family in KL, also to attend courses/exams overseas)
4) Money for retired mother- $6,000.00 per year

So yearly income about $72,000.00, after expenses around 40,00.00
Save around 30,000 per year.

Apart from study loan,no other debt, car is fully paid for.
Have 80k worth of asset at the moment- mainly in cash, shares, gold

But the thing is, we don’t have our own house. Once we buy a new house (say after buying a 500k house in subang/pj area), after mortgage repayment etc, with kids and so on, financially would be very tight and really difficult to achieve financial freedom.

I’m not sure if I am on the right track. Is this healthy onot.
Your opinion would be much appreciated. Thank you.

My Monthly expenses

Fixed:
Car Loan : 400.00
House Rent :450.00
Utilities(bill current) :200.00
Phone Bills :200.00
Internet :150.00

Variable
Parking :50.00
Petrol car/Bike: 350.00-400.00 (site supervisor)
Food and everyday's expenses (1k-1.2k) monthly <--dont be suprised,im heavy eaters,again i always treat my colleage n workers
Public transporation : None

I'm 23,im a contractor,previously im taking main project,but due to financial issue atm,im taking sub instead.btw,my monthly expenses isnt like my monthly salary,i dont hv any fixed dates when my salary gonna be released,it based on 3/4 months per hits,once government released my payment,thats when my salary released,maybe getting around 40k-70K after workers/staff salaries deduction.

pls guide me how to cut my cost too,thanks

You are pretty much on the right track. For your house you might want to consider a lower priced unit perhaps. You can get pretty good apartments in PJ/Subang area for about 250K-300K. In lieu of your rental you can use it to finance your property for 30 years. That way you do not lose on your savings and can continue to accumulate. If you wish for bigger things, then that is risk you must take.

---

Added on February 14, 2011, 7:04 pmYou already know your problem. So act on it.

This post has been edited by gark: Feb 14 2011, 07:05 PM

Hi nanda, perhaps you can cut down ur expenses like below

Ur Monthly expenses

Fixed:
Car Loan : 400.00 (Maintain)
House Rent :450.00 (Rent out some room or find another cheaper house)
Utilities(bill current) :200.00 (Maintain)
Phone Bills :200.00 (Convert to saving plan)
Internet :150.00 (can switch to TM RM66/mth package)

Variable
Parking :50.00 (Maintain)
Petrol car/Bike: 350.00-400.00 (site supervisor) (Maintain)
Food and everyday's expenses (1k-1.2k) monthly <--dont be suprised,im heavy eaters,again i always treat my colleage n workers (May be you should just have to avoid to treat them sometimes

Hope you Have a prosperity year

Need advise.

My friend current salary is almost 3k. Working at rural area. Food paid by company.
He get an offer at city offering him 5k and yet he turned them down after carefully do his budgeting on his monthly expenses.

I advised him to grab the offer as 3k to 5k its alot of increment!
Is working at city requires very high monthly expenses? ><

anyone here experience b4? If salary increase merely by 10-15% its understandable but its over 50% increment!

may be he found a girl she like at his current work place??