Gen-Y here, no commitment but bad in financial management. I wonder where has my money gone to every month, only can save around 30-35% of my salary. In the end, decided to get a car first since it is a cheaper asset (or liability?). Bought one in July with monthly installment - RM 580, cheap cheap only. It is not a fancy car (Saga FLX lol) but at least it is quite decent in helping me to move from one place to another.

Still saving myself as my FAMA is tight themselves, both retirees and waiting for my siblings and I to feed them with monthly allowances. No partner to share my burden.

However, God is treating me really well when I'm so desperate, Company is sending me off for a short assignment in overseas and that could earn me around RM 30k for 2 months (allowances+salary). Though I'll need to endure the coldness (winter) but for my first prop, I will do it!

I'll be going in 10 days time and come back in time for CNY, so I shall start looking for a prop after that. Hopefully I could find one. Unfortunately, I can only look for new props because they always give attractive waivers and lower booking fees. At least, I will have time to accumulate more money when the real time comes, for reno and furniture and other expenditures. Fortunately for me, my bro-in-law is an interior designer and makes furniture himself for his clients. So, I think my sister and he will give me some sponsors in this part. I'm sure he can make me some good looking furniture from his saki-baki materials.

My main issue was the downpayment but I think this should be solved soon with the help of my assignment. Installment is not that bad for me, I think I still can manage from my monthly salary. Just need to cut down on my casual expenses.

So here it goes, I should own my first prop next year. Not for investment, I need a place to stay and don't wish to rent a small little room anymore... I can even accept a studio unit now, apparently wanted a 2-room apartment but I think I was being a bit unrealistic when the props prices are so high in Klang Valley.

This post has been edited by fruitie: Nov 10 2013, 02:25 AM

What did you mean by offer to stay 1 year?

Now I got it, but then it is not as easy as I thought though.
Rest assured, I'll require to travel extensively in the future. Let's see how much I can rake in, in the future.