Hi, I wanna ask for some advices and opinions on these financial stuff..

Currently I'm almost 24, and last time I graduate from SEGI, under diploma in computer studies and managed to get a job last time, but during that time the economy wasn't running much well, around 2006-2007 that time.

With the salary only around 1.1k per month, it's kinda hard to get a living much as I'm the most eldest in the family and having peer pressure from my family to get another decent paying jobs, but hardly there's not much can do during that time, and I'm getting only side incomes from part time, like networking, computer stuff local here.

Now I don't work with the company anymore, since the family forced me to get another decent paying job, and applied through SPA @ www.spa.gov.my and now currently still under training, which next year will be my final year of training.

The post and the payment should be like this:
http://www.spa.gov.my/portal/page?_pageid=...&_schema=PORTAL

Since I'm growing, close to 25 now, almost most of my friends have their stable work income, ranging from 2k-4k/m, and thus sometime the feeling of inferior does affect on my life, since I'm still under training, and haven't really get the job, yet. They do provide allowance, around RM620/m tho mostly I used to pay house utilities, to ease the burden of the family, although I've a working father, but he still have to provide financial support for my sisters, one is @ matriks labuan, and another still on secondary school.

Anyway, for what I've now

EPF save, from my previous company is around RM 2.6k
Monthly allowance: RM621

Expenses/month:
House utility bills, around = RM320
Petrol = RM 80, not really outgoing person
Car = Currently my father still paying it, which I'll takeover once I graduated, and got my job.
Misc expenses = RM 150, or less, depending on the need, like groceries, eating out with family/friends, training expenses like for studies, papers, etc.

And that left me around RM 70 per month, like early-mid time of the month, and I can't always borrow some financial support from my family, as I'm the eldest and they expect me to get my own financial support.

Anyway, I've ASB account saving as well, but not as much, is it too late to invest in other investment? Any suggestions? I'm afraid if I didn't do any investment from now on till I finished graduate I might be too late, as my family puts really high expectations on me, like having own car [which I don't really put this much, as I can "buy out" the car from my father], having own house, family..etc, well I hope you guys understand the "peer pressure" situation

Any advices? Investments besides ASB? Future house loan recommended, like from Maybank? And possible other income methods should I put into? Thanks

This post has been edited by GameSky: Dec 20 2010, 12:11 PM

Thanks, since I'm using maybank so it's should be easy to save up in ASB, too right? About the car property, probably later, as cars not really in my priority list..only the house comes first, tho

Thanks for the advice, and do opening 2 bank accounts is a good idea? Like every month deposit some to the 2nd accounts just for "precaution" savings?

One of my family problem is like "WHY THE HECK YOU WORK WITH NON GOVERNMENT!?"...things that's why I got the training , and I was wondering why they're ok with my choice last time taking IT in SEGI

About the job/degree, since right now I'm tied with government policy, and there's 5 years "must-work" bond with them, and I read/heard that government servant/staff can easier apply for loans, like for house loans, and such?

Although, I mostly will retain my IT part, maybe I'd get an degree in IT, as well, once I've enough saving...and thanks for the replies as well, really helps

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Added on December 20, 2010, 8:43 pmo ya ...last time i do applied for ptptn loan for my diploma studies..now i see their offer "1.0%" instead of 3.0% should I apply for it? Any catches? I did read the info, but afraid I might miss out something

This post has been edited by GameSky: Dec 20 2010, 08:43 PM

hai sifus... need some advices on maximizing my savings, or maybe some investments;

I'm a gov servant, currently my 'gaji bersih' is around rm2.1k (after deduct epf those things), and here's the breaking of total expenses each month, roughly
- car loan - rm470
- internet/telephone bills - rm295
- petrol - rm120
- food/family house expenses (since I'm living with my parents anyway) - rm200
- personal uses - rm100
- asb saving - rm500

That left me around 300~ each months..
Rm300 I kept in bank just in case of other stuff needed, like my sister's expenses, etc

Questions;
- Is just investing on ASB is enough? Or should I try saving in m2usavers, or maybe other banks? Fixed deposits, etc?
- I'm trying to buy a house next year, that's why trying to maximizing my savings, before applying house loans, should asks which price ranges should I get for?

Thanks