Hi,

We really need your advice to re-built our financial wall. My wife and I really not good in manage our wealth. Both of us are 30 now and end of this year will welcome another family member, so we really hope to built a strong financial background for our future  .
The following are out detail,

Husband:-

Income in RM:

Monthly Salary = 4,400
After Epf =3800

Expenses in RM:

Car Loan =  570 (16 months to go) 
Housing Loan1= 820 (current stay) 
Housing Loan2= 700 (interest, completed end of 2013) 
Phone Bill= 30 
Insurance= 190 
Food= 500 
Parking= 120 
Petrol= 250 
Utility Bill= 250 
Groceries & else= 300 
Wife:-

Income in RM:

Monthly Salary = 3,500
After Epf = 3000
Allowance= 250
Freelance= 1000+ (Average, Not consistent, max can reach to 5k per month)

Expenses in RM:

Car Loan =  1000 (5 years+ to go) 
Phone Bill= 100 
Insurance= 300 
Food= 450 
Petrol= 200
Groceries = 600
Parents= 800
Others= 500 
 
 
Our Asset in RM:-

Saving = 20,000 (Cash)
House = 2 units
Car = 2 units
UT= Invest deduct from my KWSP account + (RM1000+RM100/month)
KWSP =RM41,800(-RM13,500)Husband+ RM24,500(-RM7,000)Wife

Last year we just bought a new house as for the investment purpose. We withdraw the money from our EPF account for this house investment. I am notice that our savings backup is very bad, which means we are not suggest to invest again in the market? How do we re-structure our financial management? How to generate more savings backup? Should i change my job to higher salary range?

Hope you all can give us some idea, thanks.