Thanks I guess I can't afford Rio anymore. Btw car has to service every month?

Or a video explanation

  My Phone, Ipad and Laptop all have.. so i can do it where ever i want..
Just the price is 

YNAB allows you to track a budget and plan ahead..
that's what i like..
FOC excel don't have phone or tablet apps ma..
my dad do manage to control his speandings after using it..

One time expense is totally worth it.

I custom-created my own excel spreadsheet (which imports data in .csv format from the mobile expense tracking app I use) and after a year, I can seriously say I hated it.

Too much maintenance work (on top of the expense tracking) even after I automated most of the part

I'd rather pay that one-time fee for YNAB and live with it (I won mine for free anyway )

We use prepaid cards for our company canteen.

I put in EUR20 every week.  That's how I budget my lunch.  Usually have leftover than take it as a bonus,

Overall though, I don't really have a budget nor need one.  I'm disciplined enough to control my finances.  However, I do track my net worth every month.  This gives me at least some overview and allow me to make changes and adjust accordingly with minimal effort and time.

Who says we're gonna use phone to scroll through spreadsheet?

And who says I did not enter details to perform tracking? And who says I enter details into spreadsheet through phone?

Don't make assumption bro

The reason I hated it is simple. It's not tightly integrated with the third-party mobile apps (for expense tracking, NOT budgeting).

Basically, I have to:-

1) Create my own spreadsheet and INTEGRATE these two aliens (my Budgeting spreadsheet and the imported Expense Tracking data from mobile)
2) Create the spreadsheet to compare actual spent vs. budgeted

And just for this, there's so much maintenance work required (on spreadsheet side).

I don't think I'm considered as one of those "who don't know how to use spreadsheet". It's just NOT WORTH the hassle when there's already some EXISTING software which can do two-in-one easily.

I understand that you're very well off successful person (with > millions in KWSP account), but that doesn't give you the rights to brag nor despite other's opinion.

You like to have your spreadsheet, go ahead. I had mine and I disliked the part where I have to "develop" and "maintain" (the technical side, NOT the data entry side, get it right....) my own spreadsheet

On private hospital vs gov hospital i think everyone will have their personal experience in each establishment. I'll leave it as is because it is clear and people who know will know the difference. It is easy for us to say, but those who have gone through it would have a much clearer picture.

On car insurance... I really have no idea why you would save that kind of money.
Brief example:

On Agreed Value
This is the price that an insurance company will value your car. It is usually higher than market value.
In the case of a claim, that will be the price that insurance company will pay.
Let's say in January I buy a Myvi: RM50k
In December I kena accident total loss. But by December the same Myvi is now worth RM35k.
Company will pay: RM50k.

My car loan settle.

On Market Value
This is the price according to the market value.
In the case of a claim, the company will pay at the most current market value for your car.
Let's say in January I buy a Myvi: RM50k
In December I kena accident total loss. By December my car is worth RM35k.
Company will pay: RM35k.

15k difference I settle myself.

Going Lower than Market Value
This is where you co-insure your own car.
In the case of a claim, the company will only pay its portion of the cost.
Let's say in January I buy a Myvi: RM50k. I insure my car for RM40k (80%)
In December I kena accident total loss. By December my car is worth RM35k.
Company will pay: [RM35k x 80%] = 28k
50k-28k = 22k

You settle yourself.

I can't force you to go with the Agreed Value, but you have to have your car insurance either way. And since you'll be buying, why not buy something meaningful?

Can there be too much personal financial management? Spending too much time overthinking/min-maxing our finances? I mean most of us here are takungzai's, so do we need to count so detail?

Should we focus more on earning or making more money?

400k is easy. Normal old man takungzai retire at 60 should have this amount compounded (2014 PV).

I feel sometimes we overthink. Some not educated people use the energy to focus to expand their biz and use the money to buy land and keep. Somehow ended up richer than our smart LYNers in this thread.

Make me feel like this PF is a feel good/feel smart exercise. To make us feel better at the small shit we are having.

Guys, how much of health insurance coverage do I need?
I am not married and currently age of 24.
I was being offered 1million by the agents, I am afraid I'll be over insured.

Best Regards.

Hello folks,

I understand that the general recommendation is that a person's total monthly repayment for loans (housing, car, etc.) should not exceed 30% of his/her net income.

However I'm just curious, with the current high prices of housing are you actually able to do this in real life ?

True but I'm just wondering what the actual percentage is like for Malaysians nowadays. I get the impression that it's a lot higher than 30%

Seems alright to me.
Not sure if this is even possible for loan approvals. But if true then there's very little buffer for unplanned expenses.

I didn't know it was even possible to get that high a margin, unless the wife is also working.
Otherwise it doesn't make much sense. 2000 net to support a family of four will be a challenge.
But that's the household debt in reference to GDP, we're talking about a slightly different statistic here.

so boss, the conclusion is that worth it to get an insurance for young children if your company does gives coverage but way minimal coverage?

and if we were to get one, to get oversea insurer?

so basically to get medical + critical illness which pays on stage 1 and ignore the life part as we does not depends on them

correct?

Hi Sifus,

Here's my condition.

Net Income : RM 3,000
Car Loan: RM 550 until year 2019
Insurance : RM 200
House loan for parent : RM 250
Rental : RM 100
Balance Transfer : a) UOB - RM 300 until October 2015
                          b) OCBC - RM 280 until July 2015
Maxis : RM150
Petrol : RM200
Meal & Entertainment : RM 400
Saving : RM 500

I am planning to have a renovation for my new house, I have only 20k on hand which is not enough. I plan to apply for a personal loan of 15k for a period of 4 years. 2.5k from the personal loan is used to settled the balance transfer. I know the interest for personal loan is high, i want to know if I make an early settlement or pay more every month, will the interest reduce? For my salary & expenses, is it ok to apply for a personal loan?

As for car maintenance, I claim from my company. The maxis is for 2 person, my spouse and I. It's included the internet surfing so it is expensive. I will cut it down once I move in to my new house. If I am not renovate the house now, then I may let it empty until I have sufficient money and after that all the renovation fee, furniture, electric appliance increases again. I will never get my house done then. At the beginning, I also plan to renovate the house using cash on hand, but the freaking thing is the cost for most of the basic renovation (wiring work, awning, ceiling, kitchen) is way more than my budget. Perhaps I should continue with the basic reno and buy a simple tilam to stay.

Here's my husband statement

Net salary 10k
car loan 800
house loan 1600
parent 800
Credit card balance transfer 200 until september 2015
Car maintenance rm 200
petrol rm500
tol rm150
astro 80
meal 500
saving 1000
insurance 300
invest 1000

the main reason i am thinking of personal loan is because i do not want to spend my husband money on renovation since he already pay for home loan. After summarize his expenses,i dont think i need to do so. I think i can take from him without paying the interest to bank.

Its a special rate for employees of the company im working in. From one of the local banks. But not MB/CIMB/BR 

wow! any maximum amount?