i'll say after you have secured a year of emergency savings (which you pretty much have it already), then it's time to venture to higher yielding investments (but of course higher risk so do your homework first)

Thinking to sell now lol.
Thx for the advice on asb and car.....

alrighty thanks

May I know wat car issit?
Ur preference, usage etc

Car is too expensive for your pay. I don't think you should sell it though as car depreciates quite fast, just put more thought into your financials next time you intend to commit into something else.

KIA K3. Running for 30km now.. still no prob. So it is still good to sell it?

But if i sell it, i can use the money for other stuff and get a car for half the commitment. Am i right?

KIA's resale value is not that good from what I heard from my friends. Just keep it if that is the case.

Market price for it now was around 68 - 73k and the settlement amount now was 73k. I asked the bank yesterday lol. What do you think?

SELL,.....if this below post is your goal and priority.....

If like this then can sell it.
Buy a national car with low commitment.

Everyday highway driving? Or short distance?

Agree

Long distance driving weekly and much longer distance monthly. Like Kedah -> KL or Kedah -> Kelantan.

Do you know the platform to sell it easy? Mudah.my? I checked CarSome.my but is it good?

This post has been edited by ali00: Oct 8 2019, 11:01 AM

what type of car do you intent to replace your current KIA with?
with the mileage to be used......what "cheaper" car can tahan this mileage lazak to be imposed?

Hi all, I'm 25. Most savings were zero-rised due to some events in end of last year + early of this year (2k+3k). Although I do have some stocks & PRS left.

Moving forward, currently earning 3.3k per month. Staying with mum. Planning to pinjam money from mum for the downpayment of a house, which will repay back slowly. House loan of 270k to be borned by me and my gf.

Expenses:
1. House bills: ~RM50
2. Food (own): ~RM500
3. Household items: ~RM100
4. Transportation: ~RM100
5. Phone bill: RM30
6. Parent money: RM200
7. Insurance: RM130
8. Entertainment: <RM50
9. PTPTN: RM200
10. Weekend dining with mum: ~RM150
11. Travel fund: RM100
12. House Loan: RM 650 (Planning)

Investments/Financial:
1. EPF: RM363
2. Stashaway: RM100 (DCA monthly)
3. Stock: RM200
4. Saving: RM600 (with additional 100~300 depending on salary left for that month)
5. ASNB: <RM200 (Seasonal... Units are hard to get..)

Financial to-date
1. Stock : RM2300 (on paper loss ~10%) (Non-goreng stock, plan to keep for long term)
2. Stashaway: RM400
3. ASNB: RM1100
4. Saving: RM3500
5. PRS : RM1000 (own) + RM1000 (gov)
6. EPF acc2: RM5000

I think I should beef up the saving aka emergency fund more before looking at other investments, but I would not want risk missing the poor market nowadays (KLCI from 1700 -> 1550, US-china trade war). Hence I thought of diversifying my contribution of emergency funds to other investments as well.

Look forward to your comments.

TQTQ

This post has been edited by IzaakC: Oct 8 2019, 11:07 AM

If long distance maybe can get 2016 persona for 35k maybe or used vios maybe. Others may have better suggestion. This can cut ur commitment and improve ur cash flow. There's also saga, iriz and myvi for u to choose.
Future when u r earning big money then can go for bigger car.

But if u can still manage now then u can choose to keep the car too. Just make sure u have enough emergency fund for ur self and also ur car. Kia's maintenance is not cheap at all.

As for the platform, I think those are not bad. But I'm no expert on this. Can ask in fast & furious subforum.

Buying a house is a major decision, so is marriage. Would suggest not to rush the decision, and do things one step at a time... get married first before becoming co-house owners with gf.

Hi everyone. Here is my scenario.

Housing loan - 700k
Car loan - 200k
Investment - 650k (average 5% per annum)
Cash - 80k

Thinking of getting a new property (1.5m) and rent my current house.

Any suggestions to optimize this? Should I try to pay off my current house? Or car loan? Or should I dump a lot on new house downpayment?

Should I try to pay off my current house?
most would suggest not paying the loan as the rate is low....unless you cannot get anywhere to place your money that can beat that rate.

Or car loan?
Usually they would advise not paying the car loan earlier as the interest had already been charged and added into your loan repayment, thus the saving from earlier redemption would be limited

Or should I dump a lot on new house downpayment?
Only unless you cannot get anywhere to place your money that can beat that housing loan rate

Hey guys, I'm single and here are my Personal Finance status

Gross salary RM4000-RM8,000
Its pretty random as its basics with comissions


Monthly expenses (Food, groceries, work related etc) RM800
Parent RM300
Rental RM250
Car loan (Share with siblings) RM250
Insurance RM210
Phone RM 50
Internet RM100
Electric RM100
PTPTN RM230 (Left 18 Grand more)
ASB I max up to 200Grand (RM1,000 per month) roughly


I steadily save up 3Grand-4Grand per month.

Total saving : 168Grand

I seek you guys advice on what should I do with the 168k in my saving account. I'm planning to close 200k end of this year. Your insights much appreciated.

what do you like to do with your money?
what i liked may not be what you liked...
some like nice cars, nice mistress and so on.

do you liked to protect this 168k?
do you like to grow it?
at what risk do you willing to lose some of it?
at what Return of investment rate do you liked to have?

well, unknown to what you liked to do with your money.....

but, just in case you wanted a place to grow it......
try this.
https://www.mr-stingy.com/diy-investment-options-malaysia/