Hi Im a Diploma student from KDU, just graduated and now working as a chef in restaurant.I am earning about 1300+ after all the deduction of SOCSO and others, the problem with me is that I hardly keep track on my bank account because I know every time I go to atm i know there's money.In my line, I hardly go out  lepak with my friends due to my working hour (3pm-1am)...feeling not satisfy i will always buy myself beers as reward for myself, and also spend a lot on my gf and also stuff like computer thingy. Its really hard for me to save.

2 ways of conventional savings method when pay day comes:-

a) spend 1st.. then whatever left in payroll account are my savings
b) set aside an amount (it can be as little as RM100) on pay day... then spend whatever left.. even spend all also nvm, at least RM100 sudah saved.

80% of employees adopt method (a) .. this will NEVER work!! After 10 years, your bank account will still be ZERO.. TRUST me....

Bro, do yourself and your family a favour, go adopt savings method (b) ..... go sign up a forced savings plan... if dunno how, then PM me

u moron, go study proper english b4 pulling your gun !! If i were to promote, would i suggest him to "GO SIGN UP a forced savings plan??"  ... I work with a bank for the past 15 years, thus providing sensitive/insider info on reducing my bank's profit shld not be done in open forum!! .. hence, PM ... but to think of it, ppl like u dont deserve my knowledge

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 ?

Anyways, just to share my personal financial (not to show off or anything)

Personality:
I'm 27(married), and by nature, i'm prudent with with what i spend. Cook @ home ~ 5x dinner meals/week.
I'm normal employed (4yrs), average market salary, not some mumbo jumbo figure.
Seldom buy any stuffs for myself, only when it is necessary
One thing, i go oversea holidays 2-3times / yr ( "budget", promo tickets book during Airasia promotion)

So far, here are my assets & liabilities
a) Rm20k in forex AUD (roughly 12-14% return)
b) Rm7k in Unit trust ( didn't monitor closely, seems that all of the funds i've invested are loosing money)
c) Rm 15k in ASW2020
d) Rm 45-50k downpayment cash for a double storey @ 365K. current transaction (subsale) worth of 560k. (soon to service rm1.5k /month loan )
e) RM10k cash on hand
f) driving old 15yr old kancil (low maintenance    )

Reflecting back, I'm proud with what I've achieved, with only SO much that i've had.

I have a friend who earns only aroumd rm1500 per month. But i admire him, can still survive each month in k.l. He spends:
fixed expenses
rent:rm250
bike installment:rm250
car ins. (share with his bro uses only on weekend:rm250
edu loan:rm300

the balance is for meal and savings. He's very stingy type person but i still admire him

Hello. I need some financial advice too!
I am a fresh graduate in my mid-twenties, single. Just started working for about 3 months now; not attached to any financial debts or loan.
I am driving an old car which my father owned, renting a house near my working place.

I have plan to buy my first house in near future and also to get my life insured.

Salary: RM 4,000 (after EPF)

Utilities: RM 120
Rental: RM 275
Misc Expenses: RM550
Petrol: RM 100

Total Expenses: RM 1,045
I am wondering if i should go for Fixed Deposits, Unit Trust or any other investment plan.
Any kind souls would give me some suggestion please? 

i am a fresh graduate..start working last year Jan...so far..i feel that my expenses are way too high..any way to ensure savings?...any good investment to make?..instead of spending my money on gadgets like new phone/PC/tablets/DSLR stuffs...

i am having a stable gf for 5 years already...planning to tie the knot in next few years...problem is..my financial not strong enough..i might earn higher than average..but i do spend alot..

so i am thinking of spending on something else that will give me more return...which ppl say money grow money...what should i start with?>.

Just cut down your spending on gadgets. Tablets no use wan la dont even bother buying them if you have a laptop and your smartphone can act as a mini tablet liao. My sis also spent a heck lot of money on DSLR just for the sake of hobby photoshooting and i was like 'man why buy so expensive stuff just to shoot pictures? unless you are a professional otherwise super waste of money la'. 

Just a piece of advise: Don't spend like a millionaire unless you are one.

Wow so hawker and he can buy so much land. He must be really frugal and have a high savings plan. That is pretty impressive. I know most hawkers personally who do not own even one property, just paying rent. But like I was saying, as you said invest in Penang and Kl, that alone if 10 properties would hit the 5 million mark..so that is crazy how a hawker can gain 5 million even in a lifetime. Unless he bought it in the 70s I guess.

Yes Penang so far is the best for property investment, more so than Kl. My dad's home he bought in the late 90s for 700 000 is now worth 2.8 mill already due to development of surrounding areas..predicted to go up in 3 more years.