If you only save, then with the low interest rate you get, sooner or later it get eaten up by inflation. You need to yield at least above the current inflation rate of 3%-5%.

For me I practice the following...

1 month Expenses in Cash form in SA - For Daily use

6 months Expenses in e-FD form (1 Month-Auto renew) - For emergency Use

The rest in investment, that is well diversified across equity, bonds and others. So if 'kena' 1 bad investment got another 9 other investment to backup. If you are conservative (scared to lose), put a majority of your investment in bonds and only some in high quality equity. With careful portfolio management, you can lower your investment risk substantially by diversification.

So far works well for me. 

If you only save, then with the low interest rate you get, sooner or later it get eaten up by inflation. You need to yield at least above the current inflation rate of 3%-5%.

For me I practice the following...

1 month Expenses in Cash form in SA - For Daily use

6 months Expenses in e-FD form (1 Month-Auto renew) - For emergency Use

The rest in investment, that is well diversified across equity, bonds and others. So if 'kena' 1 bad investment got another 9 other investment to backup. If you are conservative (scared to lose), put a majority of your investment in bonds and only some in high quality equity. With careful portfolio management, you can lower your investment risk substantially by diversification.

So far works well for me. 

Hi,
I'm fresh graduated. Already work for 3months.
And, I didn't see any saving! Help me!

My current salary: 1800 (after deduct epf sosco)
My fixed expense: car loan (Saga FL) 430
                            fuel                    370 (50/3-4days)
                            gv mom              500
                            makan      around  250
                            phone      around 200

balance left 50 for other expense! like entertainment, buy things and others!

So every end of month, surely got no saving! (at least these 3months, don't have =().
And this month onwards, another commiment will add, which is PTPTN, hv to pay around 100-200.

So, need some advise from you guys, how do I survive in such situation!
(Pls do not ask me the cut this cut that, as this is my lifestyle, I blive most of ppl are hard to change, right?), what I wanna know is, how to gerenate more money with money. INVESMENT! thanks! =)

p/s: my so called INVESTMENT knowledge is nearly equal to zero... *shame!

Hmm spending around RM400 on fuel each month is quite substantial? Does your work require you to travel extensively? Is there any way to claim them as traveling allowance?

Well, yea indeed as my car mileage is about RM1.8/km.... Stupid proton... lol
Erm, no way to claim =(

Rickk, your fuel consumption = 1km using 1 liter?! Assuming RM1.80 = 1 liter of petrol?!! 
If it's true, shere's something very wrong with your car's fuel burning if true. It's usually a sign that there's something majorly wrong with the car - better bring it to have a total checking at a service centre. Safety first bro

My manual 19yr old Wira 1.5 averages 10km to 11km using 1 liter
My mum's 10yr old auto Wira 1.6 averages 8km to 9km using 1 liter

i think what he meant is $0.18/km.. which is the average for proton cars. 

been reading the whole thread from page 1. very long and interesting read. learnt alot esp from you.

Haha! Ya, it's 0.18.. roughly la... Psps...
It is quite high and kinda regret that bought proton. lol...

anyway, it's out of topic eh, back to the topic.. haha!

Hi all,

Im a fresh graduate, 23yo and just starting my career with a 2.5k salary. Right now, the only saving i have done is 30% from my salary. I just started my job last month in the middle of Dec.

I need some suggestion on investment. What should i do with the rest of my salary? I drive a kancil to go to work. Can claim petrol and company sponsored the seasonal pass for parking for 160 per month. Since right now is the beginning of the year, i want to do some investment. What investment is good and promising?

Which is good? Buy a house or made some savings or investment like ASB or FD or Gold investment? Since im still 23, so i dont have to care much about the repayment time, but based on scenario la.

Thanks. Peace.

FD is saving not invstment.

setup emergency fund in FD... at least 6 month ur monthly expecses.

if u bumi, ASB is the right choice for the safety.

buy insurance first, medical card enaugh for health protection.

take sometime to educate urself for riskier invetment like stock, unit trust, gold, properties  and others. subscribe to the edge personal money will hep u too for the knowledge.

my leftovers from salary after minus expenses is 1.5k

currently, i need to start paying back 2 debt.
1) ptptn - just 20k wit 1% fixed interest
2) car left 10k with 2.5% fixed interest

so, my question is, how long u think i shud drag the repayment plan?

Hey, just wondering. How do you switch your ptptn to 1% interest? I have to pay with 3% interest.

Ohh i've tried to register but it says there, they don't have a record of me OO. Time to call them perhaps?