Hi guys, first of all I have to say I'm a fresh grad and I've been reading this thread and it's helping me a lot. So thank you guys and keep posting! 

My question is, recently my car (very old family car passed down from siblings) broke down. Long story short I can't really use it regularly anymore. So will be getting a car soon-ish, question is for the next five years would it be better for me to get a new Viva or a secondhand car?

I've been trying to save for my emergency fund/ buffer so I can start investing as soon as possible so this is a big move for me Considered other means of transport but I think buying a car is the only way now, unfortunately.  

Any advice?

+100

U give in, give your child marriage home, buy him a grand mattress to make grandchildren for u

But, that's no guarantee that he would be grateful and take care of u til u enter the wooden container.
Cover yourself first, if really got A LOT extra then only give a bit.

That did not happen to me bought the property with my own money. I paid almost 40% downpayment.

You just gotta have to make sure your earning power moves faster than inflation.

I dont save the money in bank account per se, but invest it for good returns. From the returns become my dp.

Hmmmm 3 months seems a bit little though. Maybe a bit more would be safer. Thankfully my parents already got me started on my insurance during uni.

The problematic old car did serve us for very very long, but too bad decides to "die" when it's my turn.  Yea looking into some graduate scheme and all that, thanks for the advice!

May I know what industry are you in Indon?
I am just salaried worker here.lol

Maybe u do a simulation, see how much can u save IF u have to support ur parents.

I only got my dad left, pocket money alone already RM700. Then household bills, telephone bills, his car service bills...easily RM1,000 a month. In other words, if I don't have to support my dad, I also can save RM2,000 a month like u!

sky gor,

  you got children ?
  Sorry off topic.

1 child - 1million spend on them until 22 year old.

how many child you hv then how million you hv spend on them already.

Going to bill them back? must hv resit one.

 

If you have enough emergency savings, why not just invest it? I also started my investment with few hundreds. It's now don't know how many times compare when I first started, maybe few hundred times more (but then again, I always set aside some money to top up on the investment)

Hi guys. Does anyone have any recommendation on how to go about with tracking personal finances (expenses, incomes, etc.)?
For eg., keep track of your investments and its profit/loss, incomes from savings such as FDs, and your misc. expenses.
I'm looking more at a software or excel spreadsheet.
Also, what's your experience for those currently already practising keeping tabs on your portfolios?

Thanks.

Dear Forumer,

I'm 35 years old and I will be losing my job next month due to company down sizing.

My current assets are
1. Cash - 300K (90% on FD)
2. Stock - 50K
3. A house fully paid up recently

Liabilities
1. Car - 12k

My monthly commitment is minimum 5.5K. This is because I'm married with a child and I'm fully taking care both of my aging parents. My wife not working to fully take care of my child.

For the last 1.5 year I have been partnering in a business which generate 4K/month on the average. I work on the business on a part time basis or remotely as I travel alot.

Should I take more risk by investing more money and time in expanding my business or look for another stable job? Current economic outlook is quite grim and don't think I can get my previous pay scale as I've gone through multiple job interviews.

My uncertainties on my future really stresses me out. Anyone can offer some word of advice?