Hi all,

I'd like to seek advise from you guys. To. See if I miss any major areas in planning for my finances.

I'm 32, married with a kid.

My monthly pay is 10.6k

My expenses are :

1. House 2.5k
2. Car 1: 1.3k wife use
3. Car 2 : 400 own use
4. Insurance 1k for the 3 of us
5. Household : 500
6. Utilities : 100 +20
7. TM: 147
8. Digi : 53
9. House 2: 800 ( will dispose by year end)
10. Epf 1166
11. Pcb : 1.3k
12. Kid daycare 350
13. Petrol : 350

Wife earning 2k per month but I am letting her use it for her own

By year end, I am expected to receive 100k from the sale of the house, and by March next year expected 30k bonus.

My question is that, what is the better use for the 100k?

1. Use the 100k to pay off all the car loan?
This will free up around 2.5k of monthly cash flow
1.3k +400+800 (disposal of House)

2. Keep the 100k, put in ASB, earn 6k per year

3. Sell off expensive car, get a cheaper one. But have to bear the loss of selling while under loan. Currently hrv, planning either city or myvi or persona

I'm not a very good investor, very bad at it.

Any advise?

I'll take that into account. Perhaps I'm too into looking at my cash flow to overlook what the 100k may yield