Turning 24 this year and entered the workforce somewhere in May of last year. Here's the breakdown of my monthly ins and outs;

Salary + Allowances: RM2,500 on average (nett)

Makan: RM500 (inclusive of eating out with the GF during weekends)
Insurance premium: RM200
Parents: RM500 (refused to accept it at first, but I believe its my obligation as the eldest son, seeing as they put me thru my entire life and university)
Phone: RM60
Supplements: RM130
Entertainment: RM200
Transport: RM80 (take public transportation to work on weekdays)
Petrol: RM100 (take the car out on weekends)

So after taking into account the expenses, I've got roundabouts RM730 left. No financial obligations at the moment in time, staying with my parents, using the car they got for me when I was in college. Its not as high as I like, but that'd do for now I guess, until I get a bigger paycheck.

What I have stored as what I consider as my personal wealth is;
1. Savings: RM1.8k
2. FD: RM12k on a 3 month rollover
RM5.1k with a one month maturity (to credit back int + principal into my savings upon maturity - I generally keep this as emergency funds, but if I don't need to dive into them I'll throw them back into a 1 month FD again.)
3. No credit card debt. Firm believer of spending only when I have cash in hand.

Rule of thumb when managing my funds are;
1. Excess cash for the month along with my 1 mth FD int + principal will be thrown back into a 1 month FD.
2. Keep my savings at least around RM2.5k for the month ahead.

Personal goals? Well, I plan to do a little Euro trip in 2015. Need about RM16-18k for that. Lolz. And to get a decent apartment and get ready to settle down by 30. Achievable? Hope so. More advice from the sifu's here would be awesome. Mum has adviced me to dabble in shares, but I'm waiting for the right time to start. Maybe in the next downturn perhaps? where cash is king and stocks are cheap. Haha.

Hey, thanks for the advice. Yea, guess growing up I've always been taught to value money and only spend when necessary. yes, I do love to indulge once in a while (meal at a fancy restaurant, travelling, few drinks with friends), but I try to keep it at a minimum. And I never look to spend above my earnings for the month, unless of course its a big item purchase, like my new PC i got in December where I had to blow about 3 grand.

Learnt alot from reading this thread and your inputs, keep it up! Educate us more about wealth management. Hehe.

Wow, a lil tough for a young guy turning 25 this year and having only worked for nearly 2 years. Any other better yardsticks for a poor chap like me?

Thing is, I've not even made that much in my <2 years of working to allow me to save as much. Hehe.

If I were to use Wong sifu's method though, I'm well within being financially comfortable.