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 Personal financial management, V2

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prelude23
post Jun 13 2011, 10:35 AM

fYeah!!
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2,497 posts

Joined: May 2005


Great thread. Just what I needed since I just enter the workforce few months ago.

Income:

Salary: RM2150 (After EPF)
Side income: Around RM500 - 700

Investment:
Investment linked insurance - RM10k/year (Only need to commit 6 years. Hong Leong Wealth Builder. However, me myself is an agent so I get around RM1.6k rebate back for every 10k I pay)

Considering my peanut salary, I am not really sure this investment budget suit me well. I mean 10k per year surely not a small amount. But my mom already help me to pay the first RM10k lol. Means I have 5 years left to pay.

Expense:

Food and entertainment - RM400 - 600
Bills - RM200 (Phone and streamyx) + Rm100 (Astro - sometimes mom pay sometimes me)
Petrol - RM200 - RM250


So overall I still have around RM1k to 1.5k to save per month. I have my own fully paid car but I am still staying with my mom. Just wanna ask, with my current potential savings per month, what kind of investment should look at to increase my money? I am still not looking to buy my own house or marriage any soon lol.

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