Kindly advice on my monthly expenses
Working for 1 year 3 months already now. Only have about 14k in my saving account. No other account such as ASB etc
Salary : 4400
eBay :300 (just play around not doing it seriously)
Car loan : 823 (Owning a MyVi SE still have another 4 years to clear the loan. Paying 10k for the downpayment and now regret it since I can put that
10k into ASB and get ~7% annually which can beat the 3.5% interest on car)(I know it already too late but what you all think more
smart to do?Put 10k for downpayment or put that 10k in ASB and buy car with RM0 downpayment?)
Rental :600 (I know you all think why so high..I work at Sabah and recently got transfer to district hospital. Took me 2 months to find a room
but cannot find then I decided to just take a 900 permonth house and find other housemate. Thank god just 2 days ago able to
rent 1 room for 300. So hopefully I can find another 1 housemate)
Food :450 (Food stall here so expensive and cant figure out why)
Family :300
Streamyx & Astro : 200
Petrol :200
Phone Bill :80
Utilities :50
Entertainment: 100 (less entertainment here compared to Peninsular)
Balance: 2007 (But did not included the flight ticket, car services, other unexpected event)
Still do not purchase any health insurans, do not have investment planning.
Am I doing good financially?
I would start in doing a personal budget for yourself. Do not let the word "budgeting" scare you. It is simple list of income and expenses. In fact, what you listed earlier was a rough form of budgeting. Just start with what income you get every month. Then go on list down your expenses. Determine what expenses you can trim and you can be
without.
In your case, do you need Astro ? Maybe you can cook more at home and pack food to work to save on food expenses ? Perhaps a cheaper internet package ? Maybe you can get a cheaper car ?
Just my thoughts. I would be more than happy to help if you need more pointers in budgeting.
Jan 4 2011, 12:11 PM
Quote
0.0718sec
0.41
7 queries
GZIP Disabled