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)
--
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.

Hi guys, I will start my work as a houseman in govt hospital soon....if I'm not mistaken my pay should be about RM4k including on-calls and etc. I just got myself a car in which I'll be paying RM765 on a 5 year loan.

Currently I'm holidaying but am worried of my financial management once I start working. Studying medicine has made me totally ignorant on these financial management.

I have yet to get myself a property

Hi guys, in need of help to manage my finances too.

I'm a uni student, graduating in 1.5 years time. Currently have Rm 10k in my own savings. I've put them in FD as I am not confident in other investments such as gold and forex. Don't want to take risk as a student.

I am expecting to draw Rm 3k-3.5k per month once I start working.

Expenses should be low as I am living with parents and have a 2nd hand car fully paid. I will be taking over a critical illness & hospitalisation insurance policy which my dad has been paying for me for the past 15 years. It costs RM 2k annually. This insurance policy is important to me because I have been hospitalised before in which this insurance helped settle my Rm30k hospital bill. In the event I have an illness relapse, I won't be able to afford the bill without an insurance.

While I am working, I hope to save up for the following :

- to start a business in 15 years time.
- for retirement.
- emergency fund.
- future children's education.
1. Is there a place where I can put my money such that I get a higher interest rate than FD? I am considering putting in foreign FD but I don't have enough to do so right now.

2. Is there any way I can make my money grow? I believe I should have a substantial amount of savings with my salary. Other than property, what else can I invest in? I'm more comfortable investing in something tangible like property rather than something with a very high risk like the stock market.

Thank you all in advance for your input.

wanna ask, what is the recommended income per month in order to get married and have a first child? living in Puchong with mom... better if specify the average amount for wedding and child care etc... I am just a fresh grad trying to plan for my future...

My rough financial statement is as below:
Monthly income:
1. Salary + allowance : RM 2937

Monthly expenses:
1. Medical card : RM 200
2. Gym + sports : RM 175
3. Food : RM 500 (yes, i eat alot)
4. Transport : RM 550
5. Mom : RM 800
6. Debts + loans : RM 200
7. Others : RM 250
total : RM 2675

I have around RM250 to save only... and past few months many unexpected expenses came slapping on my face... mostly car maintenance for my 10y.o car... others like acne problem and going for chiropractic... so can say my saving sometimes is close to none...

so what is the ideal/minimum income or combined income to have a family in KL? 8k? 10k?

Hi all sifus,

I am a fresh graduate and just enter workforce last month. I need some advice for my financial plan.

Income
---------
Salary: RM 2500 (No EPF)

Expenses
-----------
Rental: RM 300
Water & electricity bills: RM 60
Telephone: RM 40
Internet: RM 50
Food: RM 300
Transport: RM 200
Pets: RM 100

So, what left over is around RM 1450.

My Plans are:
1. Emergency Funds (4 Months Salary), currently already have 1 Month in savings account. for the rest, I'm planning to put this on unit trust. But still don't know which type of unit trust.

2. Saving to buy property. Still don't know how much and which type of investment instrument.

3. Retirement fund (at least 10% of my salary). I haven't decide the investment instrument for this, I'm thinking it might be either unit trust or gold bar.

I do not have experience with unit trust and I'm considering the investment instrument that could beat up the inflation, so what u guys think?

Hello,

Need your point of view about my financial circumstances. I do't know how to progress from here to maximize my saving per month, and how can I earn more? I plan to buy more properties in future, wanna goreng property! My situation is as follows:

Age : 30

Asset (Home) : RM700,000 (Still under loan) 

Salary: RM6,000 (Net income)

Commitment:
Home loan : RM 2,100
Prepaid phone bill : RM 10
Car petrol : RM 400
Credit Card : I don't have a credit card!
Car maintenance : RM 50 (average per month)
Meal : RM 400
Accommodation : RM 100 (Maintenance fee of my Dad's condo)
MISC (incl. annual insurance) : RM 500

Saving per month : RM 2,400

Home loan about RM 450,000 left! :-( I have paid about RM 250,000 to this date.

I don't have other assets or saving. I use my Dad's car.

Hello,

I am a 21 year old med student, finishing my course in another 3 years. My mother just passed away, and I inherited around RM50k in cash.
- I have no student loans (dad's paying)
- 1k per month duit makan, sewa from family.
- Savings around RM300 a month.
- Already have car, finished paying.
- Side business, variable income, around 5k per year.
- no insurance
- no investment at all, actually.
- Savings around RM2k

I want to ask the best way to invest RM 50k to at least double it in 5 years time, if possible, working around with what I already have.

I realized I have to start planning for the future, parents won't be there for you forever.

Any help or pointers would be great, thank you.

Yes, stick to your old car if it serves you well...

Car depreciate once you drove it off the sales room !

FYI, the world's greatest investor W.B continues to drive an old car and live in the same suburban house he bought in 1958.