Hi to all lowyatnians, Gong Hei Fatt Choi

My salary: 3850 (after EPF deduction and etc)
Every month got additional outstation trip allowance arnd RM800-1400
Lets jus put average monthly income RM 5k

My expenses>>>
1. Car loan: 800
2. Family: 200
3. Phone: Bare by company
4. Streamyx: 22 (sharing)
5. Petrol: 450
6. Toll: 100
7. Food & others: 1000 roughly la
8. Insurans: Company bare


Total expenses: 2577
Saving: 5000-2577=2433



Already have RM 30k++ in my saving account. RM 10k debt from my bro.
The savings 10k in FD and balance 20k++ leave in bank acc.

My question:
1. Any expenses i left out?
2. What i shud do with the on hand 20k in bank acc?

Pls advice, tq verymuch

Regrds,
aliluya

This post has been edited by aliluya: Feb 8 2011, 12:29 PM

Dear all Gurus and sifus of Financial management,

Wish to ask any other option other than below suggested by my sister:
The story goes this way..Yes, my sister lately going to get exam for Insurance agent under Hong Leong. She asking us (Myself, Herself and another sister) to save the money we pay to our parent to buy the "Saving Plan", calculation as wat i can recall is something around RM15k per year, paying 6 years, then following year will get RM 3K+ each year. In addition of tat, got those other coverage la..those with 6 digits figure wan la..

So my question is this a better way rather than giving the money to my mum? main point is my mum can hardly save if we pay cash to her.

Looking forward on your experience sharing...

Thanks in advance,
Aliluya.

Hi learn2earn8, thanks for your reply and pointing out some highlight to be clarify clearly with my sis. Appreciate it.

Wondering any others who might share on how or perhaps any other alternative way of saving plan more suite my parent?

Thanks.