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 Personal financial management, V2

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anilin
post Dec 20 2010, 11:16 AM

Getting Started
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Junior Member
240 posts

Joined: Dec 2008
I'm 26.
Graduated last year and started my first job in October 2009, RM1500/month. Didn't have my own car and my mom sent me to work, my bf picked me after work.

From 2010 Jan-June, my salary RM2500/mth and I managed to save RM10k by May 2010.

In June 2010, I bought my first car (Proton Persona with DP 5K, RM600 installment per month).

My current salary is RM3100, after deduction is around RM2900.

ok, so my monthly fixed expenses:
1) Car loan - RM600
2) Petrol - RM150
3) PTPTN - RM150
4) home expenses - RM500 (bills, groceries etc)

I roughly can save RM1k per month now after deducting my own expenses (shopping, eating out...)

currently I'm having RM10K in my saving account only. and I'm planning to buy my 1st house by 2012 or end of 2011. The property that I target for maybe priced around RM300k.

Should I go for passive income? or any steady investment? I'm working in public sector and I do not have annual bonus =( I'm earning the nett amount of $$$ every month and I started to get fed up with the slow growing of my savings...



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