Personal Financial Management V3, It's all about managing your $$$
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 Oct 7 2019, 06:04 PM
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#1
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Junior Member
140 posts Joined: Nov 2017  
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All,
Need your help/advice. I'm single 24 with monthly pay of 3.7k + OT = 4.1k. These are rough estimation of my expenses Expenses: 1. Rent + bills: 280 2. Car: 990 + another 7years 3. Foods & stuff: 300 4. Celcom: 68 5. Pcb : 130 Investment: 6. Epf: 396 7. Gold: 100 8. Stashaway: 500 9. P2P (planning): 200 10. ASB (planning to use saving): 14k 11. Fundsupermart (planning): 300 Just starting to invest this mid-year. Made a bad decision on buying car  Can help? |
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Oct 7 2019, 07:57 PM
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#2
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(neverfap @ Oct 7 2019, 07:43 PM) 14k easy to get? U mean like getting the open fixed priced fund? Should i let go of the car? Been thinking about it.Ya, if bumi then take loan. But his commitment damn high now becoz of the car. 1/4 of his salary went to car...  |
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Oct 7 2019, 08:00 PM
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#3
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(neverfap @ Oct 7 2019, 07:55 PM) Wanna suggest him to sell car and get cheaper one Thinking to sell now lol.Based on his salary he should only afford a car no more than 45k. This is Malaysia's standard due to high car prices or else it should be even lower. Anyway, he already bought it. Can't do anything about it I guess. Unless he willing to sell haha. As for his investment, I think go to asb still ok since he can withdraw it anytime he want and can still earn the super high interest. Thx for the advice on asb and car..... |
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Oct 7 2019, 08:46 PM
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#4
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(neverfap @ Oct 7 2019, 08:14 PM) May I know wat car issit? KIA K3. Running for 30km now.. still no prob. So it is still good to sell it?Ur preference, usage etc |
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Oct 7 2019, 08:47 PM
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#5
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(coolguy99 @ Oct 7 2019, 08:41 PM) 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. But if i sell it, i can use the money for other stuff and get a car for half the commitment. Am i right? |
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Oct 8 2019, 09:40 AM
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#6
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(coolguy99 @ Oct 7 2019, 08:48 PM) 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? |
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Oct 8 2019, 10:58 AM
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#7
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Junior Member
140 posts Joined: Nov 2017
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QUOTE(neverfap @ Oct 8 2019, 09:48 AM) If like this then can sell it. Long distance driving weekly and much longer distance monthly. Like Kedah -> KL or Kedah -> Kelantan. Buy a national car with low commitment. Everyday highway driving? Or short distance? Agree QUOTE(yklooi @ Oct 8 2019, 09:44 AM) SELL,.....if this below post is your goal and priority..... 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 |
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