QUOTE(viosturbo500hp @ Sep 25 2011, 08:20 PM)
hi guys, im a student, working part time. Earning about 1.3k basic with allowance from my parents, about rm500 per month . Cars, tolls, petrol is all provided by my parents (card) so basicly. i have like 1.8k to spend every month.
so its a total of 1.8k per month
my usuall spending would usually be
food: rm100-150 per week, which makes it Rm500 on average
hobby: i dont usually spend on hobby, but since i recently got a job, and some extra money. i started to spend some. like enhancing my car, poker games(which i always lose) , and thats about it. most of my exoenses is on my food. Er.. i dont have the amount. but this month(september) i spend about rm700 on my car...i already stop spending on my car. waste of money. Anyways. .. this are my usual expenses.
if i dont spend on my car. i would spend like 800 out of my 1.8k ..
So guys, every month. i if i manage to save up 1k. what should i do with this 1k?
1. study abt invetment.so its a total of 1.8k per month
my usuall spending would usually be
food: rm100-150 per week, which makes it Rm500 on average
hobby: i dont usually spend on hobby, but since i recently got a job, and some extra money. i started to spend some. like enhancing my car, poker games(which i always lose) , and thats about it. most of my exoenses is on my food. Er.. i dont have the amount. but this month(september) i spend about rm700 on my car...i already stop spending on my car. waste of money. Anyways. .. this are my usual expenses.
if i dont spend on my car. i would spend like 800 out of my 1.8k ..
So guys, every month. i if i manage to save up 1k. what should i do with this 1k?
2. make sure u hv insurance.
3. is ur education fund support by ur parent?
since, u still a student and u can safe RM1000 monthly. Assume u r not going to use the money near future.
1. RM200 in bank as emergency fund.
2. RM300 in bond funds
3. RM500 in equity funds or stock.
u must read/study/analize/research abt the UT and stock before enter it.
Or, if u plan to use the money near future, just let it in FD.