Thanks for the advice bearbear.

I'm interested with Bank Islam offer. Since the CC debt from AmBank and Maybank my mother can opt for Bank Islam. So she needs to apply Bank Islam CC first right? And then perform the balance transfer.

I'm bit confused about the limit of balance transfer. According to the Balance Transfer thread the limit is up to 80% of AVAILABLE credit limit i.e CC limit RM20K. Outstanding balance RM15K. Available credit RM5K and 80% of it is RM4K. So can balance transfer RM4K only. OR is it 80% of the RM20K so can balance transfer up to RM18K?

Another question is the fee is upfront payment or add to the outstanding balance?

Thanks in advance. 

My advice:-

Take home pay for both H & W is RM5200.00

1) Since you are a newly wed and young, I suggest don't have kids first for the first year. Having kids to early puts a strain on both your finances and marriage.
2) Don't buy a car unless you have kids. Move nearer to TTDI.  Look at Flora Damansara Apartment. Look at Block E,F or H which is medium cost.  You can buy a bumi unit quite cheaply at about RM160K for 800sq feet. Auction units can be cheaper. From Flora Damansara it is just a 10 minute bike ride to TTDI using the Pencala link. Since its your starter home, don't worry as in 5-6 years time you will be able to buy a better place.
3) Get a medical card for both. There are some plans that are RM600-RM700 per year.
4) Calculate all your debt and determine its interest rate. If it is low like 3-4% per annum, then pay it slowly.

Suggested budget
1) RM2500 (ASB savings. Don't take ASB loan, your return on that is much lower.  If you just pay monthly into your ASB you are getting 7-8% per annum in return)
2) RM800 for accommodation (rental or bank repayments)
3) RM250 for bike repayment
4) RM200 for petrol for bike
5) RM110 for medical card for both
6) RM500 for Food and other necessities
7) RM150 for tel and utilities
8) RM690 PTPTN loan (if your monthly is lower or higher adjust accordingly with your contributions to ASB)

In one year you would be able to save RM30,000.00 + interest. In one year you would be more prepared to have kids or in one year you will have the downpayment for the apartment. The point is don't try to do everything at once. If you buy car, buy apartment and have a kid all at once, you will find yourself financially strapped and will start resorting to credit cards and personal loans.  Choose one goal and go for it. Take a short break and then the next goal.

If you and your wife's salary increases by 10% every year and you put most if not all into your ASB, in 3 years time you will have RM100,000.

Very often we hear people say putting money in FD is useless because of inflation that will eat you up alive

Yesterday I was talking to my elder brother, who has retired and has tonnes of money in FD. He is a very risk aversed guy, so the bulk of his money is in FD. I asked him the above question.

He told me FD is not actually that bad. Those who say FD cannot cover inflation is not entirely accurate. He said that income doesn't equal to expense. So if your FD principal is big enough, you can still beat inflation in absolute amount. I run a simple scenario on his theory :

FD - 3.5%, Inflation - 3.5%, Putting FD is worse off ?

He has FD for eg. RM1.2m as principal. Each year he makes RM42k = RM3.5k pm

His expense is for eg. RM2k pm = RM24k pa. So, he still has RM1.5k left over to roll into FD. While the price of goods increases every year, his income also increases. Repeat it over 20 years, he still has positive RM3.5k yearly or ~RM300 pm extra to cover his inflated expenses. And his FD principal has grown into RM1.46m

So, the trick is to have a FD principal that is large enough, and it still can cover inflation. Comparing % may be just the trick of financial planners who try to convince you to buy their products 

Saw the mh17 news. I am freaking out as I am working in airline industry.

Wish to retiring tomorrow. Can I do it?

Age 41

Asset
Epf 680k
Fd 700k
Dsl market price now 450k.zero loan
Car 130k market price. Zero loan
Klse Share/Annuity Insurance/PRS 25k

Debt
Zero.

My expenses.
Lifestyle expenses 2k pm. (food, sundry expenses, petrol, utilities etc)
Mother 1k pm.
Medical card 2k per year

Investment. I prefer low risk.

I  eat healty and play badminton games 3 times a week.

I am gay male. No children no gf/bf

What should I improve?

Ty