QUOTE(Mochamalaysian @ Oct 6 2011, 12:01 AM)
Salary:3.5K (Gross), Nett: RM3k
Commitments:
1) House (Mom insurance, Sister's edu, utility bills) - RM1.2k
2) Personal (PTPTN, H/P Bill, Oil EX5 and makanx2) -RM500
3) Saving 1K per month.
4) Future Development Courses saving - RM300 a month.
1., 2. and 4. must be paid every month.Commitments:
1) House (Mom insurance, Sister's edu, utility bills) - RM1.2k
2) Personal (PTPTN, H/P Bill, Oil EX5 and makanx2) -RM500
3) Saving 1K per month.
4) Future Development Courses saving - RM300 a month.
i'm assuming you don't have GF, otherwise your 2. wouldn't be that low.
so in reality you only have 1k for your intention of paying car monthly installment, petrol and maintenance + savings.
if monthly repayment is 600, petrol is 300, you only left 100 for maintenance? what happen when your car need major service? annual roadtax + insurance? do you want to be GF-less for this whole time? no saving for this whole time?
you can choose above option and stay like that for 2-3 years and pray that your job is secure for that whole time until your increment is enough to ease the burden. or you can save the 1k for 1-2 years and use it for deposit and that time hopefully your increment is enough to pay for the installment.
Oct 7 2011, 12:45 AM

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