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 Personal financial management, V2

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Ericpoo
post Apr 10 2011, 09:20 AM

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Joined: Dec 2008


QUOTE(teehk_tee @ Apr 8 2011, 07:55 AM)
just wanna ask you guys, ideally how much % should I be saving? about to start work soon in the later half of the year.

net income after EPF : 4450
deductions
Parents : 1000
Food : 600
Car Loan, Petrol & Misc : 1300
Phone : 100 (2 phones)
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Balance : 1450 // ~30%
of which : 500 to build emergency fund

--
net savings : 950. ~20%

am i doing it right? Im not sure what allowances I can claim from the company and i havent account for insurance.

note:
-staying with parents.
-got some further side income from equities, but i try not to use that.
*
Good planning everything is well planning. But i will suggest you to get anu insurance which the premium maybe just about RM 150 - RM 200 per month which focusing on coverage purpose. This is because in case emergency happen who going to pay for you?

Regards
Eric Poo

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