Apr 27 2020, 06:14 AM
QUOTE(Reonix91 @ Feb 6 2020, 08:11 PM)
Greetings folks, just looking for your prospect and insights.
Here's a few details :
I'm aged 28 currently and working in retail.
Gross salary RM 4,000- RM 8,000
Its pretty random as its basics with commission and allowance.
Monthly expenses (Food, groceries, work related etc) RM 800
Parent RM 300
Rental RM 250
Car loan (Share with siblings) RM250
Insurance RM 210
Phone RM 50
Internet RM 100
Electric RM 100
PTPTN Loan RM 230 monthly (Left RM 17,000 more)
ASNB I max up to RM 200,000 (RM1,000 per month I paid) roughly. Been paying for 2 years already
Above are my total expenses.
As for my saving, I managed to save up to RM 184,000 in a saving account
also cash on hand RM 25,000
as for EPF : RM 70,000- RM 80,000
Just wondering should I park all my saving maybe RM 150,000 into my sibling ASB? with the dividend I receive per year, I can use it to pay for property if I'm looking for one within this 1-2 years? I personally think I can save RM 50,000 or more so that I can pay for 10% for property. What are your thoughts or move? Your advice highly appreciated.
Don't know whether you're still following this thread haha. You can actually park your cash in ASB2 even with 200k loan in ASB1. That's what i'm doing. 200k loan in ASB 1 and filling up ASB2 with cash. If i'm not mistaken there's limited units for ASB2 coz they only have like 10bil units in total. They might have added more. But so far I have filled up 60% in ASB2. In my opinion, you shouldn't cancel your ASB loan. You can still use your cash to invest in ASB2 and elsewhere. Just my 2 cents.Here's a few details :
I'm aged 28 currently and working in retail.
Gross salary RM 4,000- RM 8,000
Its pretty random as its basics with commission and allowance.
Monthly expenses (Food, groceries, work related etc) RM 800
Parent RM 300
Rental RM 250
Car loan (Share with siblings) RM250
Insurance RM 210
Phone RM 50
Internet RM 100
Electric RM 100
PTPTN Loan RM 230 monthly (Left RM 17,000 more)
ASNB I max up to RM 200,000 (RM1,000 per month I paid) roughly. Been paying for 2 years already
Above are my total expenses.
As for my saving, I managed to save up to RM 184,000 in a saving account
also cash on hand RM 25,000
as for EPF : RM 70,000- RM 80,000
Just wondering should I park all my saving maybe RM 150,000 into my sibling ASB? with the dividend I receive per year, I can use it to pay for property if I'm looking for one within this 1-2 years? I personally think I can save RM 50,000 or more so that I can pay for 10% for property. What are your thoughts or move? Your advice highly appreciated.
This post has been edited by afif737: Apr 27 2020, 06:45 AM
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