Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.

I wouldn't suggest FD  , should invest in mutual fund or something similiar .

Else the inflation will kill your money.

hi guys,

I am working in one MNC for over 1 year already. I have just got my increment this month. My new salary is RM 3.2k without deducting the EPF, tax and SOCSO (previously is RM 2.7k) so after deduct all those stuff should be rm 2.9k like that.

Here is my breakdown of my expenses for each month.

Food - RM 600 (eat with gf and friends)
Offering to church - RM 320
Utility bills - RM 400 (maybe more a little bit sometimes)
Petrol - RM 300
Toll - RM 50 (estimation only)
Entertainment - RM 200
Total is RM 1870.

I can save around RM 1000 per month. Is it consider good enough or should i cut other expenses now?

Please share your thoughts.

I would definitely prefer low risk investments. Considering that I am not a Bumi, Amanah Saham options are rather limited and I can't invested to the limit for that (thanks to my parents!) and so with that, I would like to 'plant' more money trees. I have considered insurance, unit trusts and mutual funds.

For insurance, I have heard negative things such as those paying RM X per month for 20 years and receive lump-sum 20 years time is actually less than what I could get in an FD. While I heard that investing in Public Bank Mutual Funds are also bad. Whenever I considered a form of investment and inquired more about them, I end up being put off by hearing bad things about them.

Any truth regarding the insurance bit? And as for unit trusts/mutual funds, any ones that I could look for and more importantly, what should i look for when looking forward to investing in unit trusts?

Thanks for your reply and to everyone else, advice please? I'm definitely eager to learn but I would just like a small nudge in the right direction.

Car is the worst spending and one of biggest culprit why people have not enough money left each month.

Do more savings before u purchase a car.