The housing project is expected to be completed in another 4.5 years. So by that time, I expect I will earn more than i'm earning now and be able to commit to the monthly house installment. RM1320 is my full amount but currently I havent paid anything as the loan has yet to be disbursed. Maybe anytime soon need to pay for the interest for progressive payment.

On the other hand, my asb loan is only temporary as I will terminate it once my house is ready for vacant possession. The dividends collected are to be used for house renovation.

want to ask is there any other instruments which are as safe as FD but with better return? am thinking to put money into an instrument and then get the monthly interests.

i think the nearest in asb, but interest given yearly basis

next one is epf, but lock till retirement

Ok, seems fair to me. Never heard of housing project need 4.5 years to build up, at most 3 years.

I dont think you want to quit the asb loan as it is a forced saving for you! after 4.5 years, you may found out that this saving does not necessarily be cancelled as it helped you to ease your retirement/investment pressure.

But I dont know whether I can afford to pay RM813 monthly on top of my housing loan. Maybe use dividend to cover for the whole year but then very minimal compounding effect

if i were you, i wouldnt invest in unit trust with limited fund.
better got for stock market / reit. at least you learn investment yourself.

my opinion -

1. stop tabung haji, unit trust and stashaway.
2. then take another 50k loan so that your ASB will be 200k.
3. the 10k dividend from ASB, put into ASB2.

This post has been edited by Bora Prisoner: Mar 4 2019, 04:06 PM

Considering you are really young, you should be gunning for a more aggressive picks over REITs. You will get the chance to rebalance it back to something more conservative like REITs later on but for now, growth stocks or if you are less confident, riskier funds would be far more suited for you.

Considering your savings after expenses is really small, what is your current savings? You need at least 2.5k for your monthly commitment, which using a safe measure 10k in a rainy day fund somewhere.

Hey guys, I am married and here are my personal finance status

Gross salary rm8200
Net salary rm6600


Monthly expenses (Food, groceries, work related etc) rm2400
Parent rm300
Rental rm900
Car loan (Until Dec 2020) rm570
Insurance (Includ wife) rm450
Phone (Includ wife with phone package) rm350
Internet rm190
Electric rm100 - 130
Water rm20
IPTV, cloud storage etc - rm150

After deducted the expenses left the balance at approx rm1400

Still have debt which I am aiming to clear within few months time, so I will not include it here unless unforeseen circumstances come up and unable to clear the debt, additional rm230 will be included to the top


I am seeing nowadays near completion or completed condo are selling at least 400k - 500k

So with these figures provided, it's advisable for me to get the mortgage loan let's say at 400k - 500k?
Or it's best for me to lay down and come up with higher deposit and scale down the mortgage loan to 350k - 380k?

just a note....the monthly maintenance fees of the condo would be appr RMxxx ?

Because of too many projects completed recently, plus I am tiring of renting that's why I start looking to secure a condo

Perhaps you are right, taking out the rental rm900 and hire purchase rm570, I will have cash flow of monthly rm2800 but that's on risky side
Guess I still need to save more cash for downpayment

Or rumawip is the option available for me

This post has been edited by lifenoregret: Apr 4 2019, 06:08 PM

If I were you, I'll opt for just launched property (which will take around 3 years to complete).

Reason why is that you need to start servicing the interest of your housing loan even before the project completed (it's called progressive interest).

If you opted as above, the progressive interest will be low and will get higher based on the percentage of completion, leaving you with time to clear off some debts and even your car loan which will allow you to get the RM400K-RM500K house. At RM425K, the monthly payment will be around RM2000.

p/s: which location you are looking for?

there are other things to consider too...
like renovation cost.....
do you have fund for that?
est....RM80k??

do you have emergency fund saved?

if i were you , i would continue to rent and save enough before venturing into property....even though many units had been completed....for they are the problems of the developers and the broking agents not ours.

the properties can wait for a few more years.....looking at the unsold units available and the new launching frequently.....they can still be plenty of supplies for the near future.

My worry is the the newly launch project will have issue to handover, completed project I would know the status although price is alot higher

Currently looking around Kepong or Kora Damansara areas

Thats what I worry, perhaps just slowly survey while work hard to save more in the meantime

personally quite anti -progressive interest.
basically just borrowing money for developer to continue the project

sometimes prog interest can go up like crazy

There's RumahWIP in TTDI call Angkasa Residence TTDI but your concern about the completion is very valid.


Same here. I just found out about progressive interest when I want to buy a 80% completed condo. Have to fork out additional money while at the same time still renting. End up have to buy a newly launched property.

But then it's either progressive interest or DIBS. The latter very useful to the buyer but if the company doesn't have the money to proceed with construction, then the construction will halt. The former is a win-win situation.

This picture is without wife's income and expenses, hence may not be comprehensive.

With leftover of RM1k+, you might not be able to pay the loan if the loan came out to more than RM1.4k a month.

The advise is very general because you didnt provide your current assets and liabilities to assess the situation. Even though property maybe a good time to buy now, but your cash flow does nt seems to allow you to buy a house because you dont have enough cash flow to pay the instalment, unless ur loan instalment is less than RM1k a month and you have cleared the debt (unknown amount).

Before you talk about investment, do you have any emergency cash funding in hand for at least around 6 months (which will be at least RM17,520) because there are expenses that you are not aware and didnt disclose which you dont spend every month but occasssionally / once a year - car maintenance, road tax insurance, any gift/donation, membership fee, insurance, entertainment, shopping, grocery, pharmacy etc. Without the checklist, you may miss out a lot of expenses. This is just the beginning. In personal finance, there are many other steps to take care of in the later part.

*It is very good that you have the asb loan, it is already a very good investment. This also shows that you dont mind to go for non-syariah compliant investment.

28 year old

Take home pay: 5500
Side income: 1500 (stable income, sometimes up to 2000)
TOTAL net income: 7000

Car 850
Rent 350
Credit card 300
Insurance 200
Fuel 200
Toll 120
Food 600
Leisure 800
Gym 70
Phone 80
Misc 200
TOTAL expenditure 3700

The rest goes to savings, about 3k+ monthly

Hello, this is my ins and out every month. Starting May 2019, I'll need to help out my dad to pay for the house. Monthly installment would be RM3000, shared among me and my other 2 siblings, so RM1000 each. Also, I'm planning to buy a continental ride at the end of the year. Monthly installment would be about 1500 every month. However, the total expenditure would sum up to 6200. Certainly doesn't seem like I will be getting my new ride this year

On a side note, say I have 100k in cash, is placing 80k in FD a good choice since I don't know anywhere better to park my money? That's an average passive income of RM287 every month. Please advise.

wow that is great

plan to do saving to enhance your EPF saving to prepare for a more comfortable retirement.....