hrmm.....
- I owe RM500 monthly to PTPTN
- RM400 a month (eating out for lunch, breakfast and dinner i eat at home)
- RM200 on petrol ( spend about RM50 a week on petrol)
- RM300+ on my insurance premium monthly, its just the bare minimum though (due to my medical condition, i have loading)
- about 700 a month for an investment plan I purchased from Allianz.

- have a joint property with my sibling and parent (but its in quite a not so demanded area, so it's hard to sell/rent out)
- living in a self-owned terrace house.

I earn 2.5 k a month with no EPF benefits =( adn Ive been working 4-5 years =(. Its an industry I din get my degree in , so I still need to invest my time to learn industry-related stuff. That puts part-time jobs out of the picture I guess

My risk appetite is probably low to medium.

After all this deducted, I have about RM500 or so to spare.So I'm seeking advice from forummers on how I can use this monthly spared cash to grow my income.

If my plan works, i can make full settlement for my 2nd PL in a year, from my monthly saving.

Hi, may i know where to get fixed price amanah saham? thought is for limited time and limited amount only.

Hi guys would love to get your advice on my personal finance.

Age 26
Gross salary RM3380

Investments
Asb loan - RM150k (monthly RM813) - now dividend more than RM10k
Tabung haji - RM100 monthly (less RM2k)
Unit trust - RM500 (just started - will practise DCA)
Stashaway - RM100 (initial deposit)

Expenses roughly
Housing loan - RM1320 - house still under  construction, another 4 years to complete -- so i havent paid full installment yet
Food RM500
Transport RM200
Rental RM500
Misc RM200-300
Parent RM100

So now i was thinking of purchasing reit stocks which i want o allocate RM2k (taken from bonus) for that as a start. I feel like im rushing with my investment

What do you guys think?

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.

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.

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?

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.

Dear all,

Good day to all, grateful to come across this thread, and I am committed to learn from all of you with regards to personal finance management.

The first topic/question that comes to my mind as followings:
Understanding that it is highly advisable to pay more in the monthly housing loan repayment, in order to shorten the loan tenure and reduce the interests over time, for example if the monthly installment is RM2,000, it helps a great deal by paying RM2,500 or higher (given that the loan is a flexi-loan).

However, on the other hand, should we be paying RM500 more to reduce the loan amounts, or invest the RM500 somewhere else?

I understand that the rule of thumb is to calculate the potential gains/cost-savings by weighing the options, and go for the option that provide the higher yield, the question here is more towards what are the other options that we will have other than paying more to reduce the loan on a monthly basis.

Thank you in advance for the advice, grateful for that.

Hi Lowyat,

I am currently in a dilemma should I be buying a property that priced as below:
Property Price
RM 814k (Before Rebate)

Rebate
RM 57k
RM 54k
RM 4k (Referral)

The rebate will be credited into my bank account as cash, which can be use for Renovation and covering for monthly installment for at least 21months (1.75 years)

I am planning to use 35k to renovate.

Current Salary - RM 5100 (After Deducting EPF)

Current Monthly Loan Repayment
Car - RM 700
Car - RM 750 (Ends in 5 month time)
PTPTN - RM 300
Phone - RM 285 (Ends in 11 month time)

Should I buy this property and use the rebate to pay off monthly installment for 1.75 years and work hard to ensure I get a higher pay by the end of 2021 to start paying the installment with my own salary? I also planning to rent out 1 room which yields around RM1000.