hi all,

wanna share my financial planning n possible ways to improve it

age 28, married with 1 kid

salary 2400 nett

monthly expenses = around 2k
savings around = 3-400

investment
forex = 15k but in process of bring out since no more secure in term of return, need few months to bring out

debts
education loan = 500/monthly paid with forex dividend but stopped a few months edi
total = 30k in 4-5 years (no % since it was scholarship)
outstanding loan = about 5k
my bro also owes me 5k..still pushing
credit card = 2k - paying on off 200-300 monthly

my question:

1. planning to rent an apartment within 1 year..rental range 600-800..how to make it possible? i feel it is possible by squeezing a bit here and there..
if possible to stretch more than 800 to 1000 monthly ( maybe wife help a bit ) also thinking of buying apartment around rm150k..skim rumah pertama also there to help

2. my education loan outstanding 5k, 500/monthly..if i borrow 10k personal loan (can get 3.3%), pay 5k..and invest 5k (plus my other debts if can back get fast) somewhere else than in the forex, can it helps to sustain the monthly payment? or even better to completely cover it

This post has been edited by nite_eif: Jun 20 2011, 08:31 AM

yes why not? it s risky but do-able..i m low profile not being so ambitious in life..i guess need to switch job with better pay soon

u can ignore my income and expenses..it s just rough figure, my question is on the investments and debts..

This post has been edited by nite_eif: Jun 16 2011, 10:53 PM