Hi guys.

I am currently renting for RM250 and my landlord had asked me to move out next month. Instead of continue renting elsewhere and paying the landlord RM300-500 for rental, don't you think I should just buy a unit instead?

I am thinking of acquiring a unit for personal staying around below RM140K. My pay now is RM2500 but will be RM3500 once confirmed. I have no commitments.

Please advise whether this is financially sound.

Thanks.

wow wtf how u survive with 1k left ? no need pay utility no need to eat ? samo need minus epf and tax ... are u married ? how u get the 50k FD in the first place

erm not from me I'm actually pretty similar to your case ... no money to even "kau lui" .... getting close to 30 samo .. stress ... plus i have no savings lol .. let other sifu help

the housing loan overstretched your budget. The rest are quite normal, even I also give >RM1K every month for my dad pocket money and household bills, lucky I got no car loan and housing loan to service. If I got housing loan, koyak already

Are u staying in it? Or it's an extra house?

If it's an extra house, and u are not renting it out for passive income, and if you could sell at a profit, I'd sell it if I were u.

Your housing and car loan repayment is more than 50% of your monthly income, can you let me know how you got the bank to approve it?

Hi all! Need some financial planning help.

I'm 27 and will be getting married later in the year. Thinking about buying a house but there's a lot of uncertainty in the housing market right now so I'm a bit nervous. Anyway this is what my finances look like now.

Assets:
Monthly pay: RM 3100 after taxes and EPF
FD (Feb 2014, 3.25%) = RM 15, 000
Liquid savings = RM 7, 000 (RM 1000 - Rm 1200 a month goes here from my pay)
Bought some gold during the gold crash valued RM 3, 000 now. Won't be selling till end of the year or longer i guess.

Liability:
Gym membership = RM 300 per month till Feb 2014
Travel = RM 100 a month
Insurance = RM 90 a month
Expenses = Roughly RM 1000 a month
Phone bill = Roughly RM 90
Misc debts = RM 500

I rounded up a few things for the sake of easier calculation but it's pretty close. As it stands now I don't think I can put in money for a house until I get a significant raise but I would like a place for my future family. Basically a house would be ideal but not vital at this point. Also I don't think I'm investing well.

I should also add while I'm not risk adverse I believe my current income and lifestyle would only support a very minimal amount of risk in terms of investment.

Any advise would be welcomed.

Hi guy,

I am wondering whether my gf and i are ready to start a family and buy a house as our current situation is as below....

Income of 2 ppl: ~ 5 k
Rental plus utilities: 500 per month
Petrol + touch n go : 130
Phone: Using prepaid top up 10 per mth
Parent: 0 per month as still studying so parent said tak payah bagi
Makan: 700 per mth
Medical: 300 per mth (gf facial)

Ptptn hutang: 28k (repay around 2-2.5k) and gf free ptptn
Debt for car n house: non
Saving: ~ 150k

Hopefully after graduation (estimated to be mid of nx year) can double the current salary.

Do u think we are ready to buy a house around 300-400k?

Have you considered migrate?

There is no one answer for this question.

Have to see:
- your capital
- your risk appetite
- your financial goals
- your knowledge
- the time and effort u willing to put into managing your investment