Hi all,

I am a 23 years old degree graduate and currently employed by a bank for around 2 years with a basic salary of RM3k per month (previously RM2.8k) and still living with my parents which they take care of all the household expenses.

My rough estimate of my monthly expenses are :-

Travelling expenses (fuel and tolls) = RM300
Season pass for car park = RM100
Spending on girlfriend and with friends = RM550
Saving put aside (just started recently) = RM400~RM500
Hobby = RM300
Lunch/dinner = RM500
Entertainment = RM250

Misc personal debt = ~RM1500 (loan instalment and handphone bills).

No personal insurance (borne by my mother) nor car loan (fully financed).

Although I am being prudent and giving the higher side of the estimates, I usually have nothing left near the end of the month, given that there is also the deduction for EPF.

I believe I can cut loose and reduce my expenditures and I am looking to invest my money.

At the moment, I have been reading about stock tradings and partially researching on underdevelopment properties.

While I am still looking out for the right property to invest long term in, I was thinking about doing some other form of investment and what came to my mind was stock trading.

Would some kind forummers help out in suggesting or advising how to invest my money ?

Hi there, observing this thread for quite a while and decided to post

Age 19, working as customer service officer 1800
spend all and work again LOL, wanna buy a car but thinking of commitment of 9 years, scare already

Im  a Uni graduate and i earn 1.6k..

greetings,

first of all,im new in money management(yes,100% new).as im STPM leaver,and waiting for result.
before this,i dont really care about money since what i know is my work as student,study and study for an ace.
all the money,expenses is being taken care of my parents. they always said,my job is to grind myself for studying.
i agree with that part as the higher my qualifications,the higher the pay in future.

but this year,suddenly pop in my head.am i study for their satisfaction?

what if i blindly continue to depends on them,as i continue my study?

everytime i talk about career,'doctors' pop from their mouths.so,study,become doctor.gain money,end.

i dont think gaining money is simple as this.and i dont think i need to wait to become a doctor to gain money.

today,with my spm result,i start a job--my parents feel some kind of shock about this(at Watson,with only starting pay 700 p/month--i know its small)--im going to work there till sept 2011(since degree intake is in this month)
---well,thats the story.

can you please suggest?i need help on how to maximise the 700 i earned.

as how my expenses per month,i dont really have one since im under my parents' expenses.

--right now,i not yet open any bank account and neither i have any asb.what i know,my parents keep a bank book,
which i plan not to ask for(better let it be like that so if emergency happens,i can use it).
im happy if you can guide me.

thanks.