Hi all sifus,

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

Income
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Salary: RM 2500 (No EPF)

Expenses
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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?

Thanks for the advice, I think I still need to learn a lot about finance management.

I had some certain health condition and the doctor suggest me to become a vegetarian, so I think RM300 would be enough for me.

Actually, it's quite interesting, but I do have something on my mind,
1. Where should I put my money on the period of saving money for house down payment? I think it's a waste if I just put my money on savings account.
2. Why did u advise me to only buy house at price max 2.5 x annual salary? why max 2.5 x annual salary?
3. Is it possible to save up to 25K while I also have to pay house loan for 5 years? (If there's no tenant that rent my property)


I think 15-20 years is quite a long period, thus I'll get the house for free after 15 years, why should I choose 15 years loan period instead of 5-7 years period?