Hi guys, just wanna ask, am i doing fine with this income and expenses flows?
I am 26 this year, found out that I have little/tight free cash flow, probably due to the high commitment on housing loan. Think of renting it out soon in order to ease my burden. Luckily, i didn't commit into car loan last time and currently driving a 7 yrs old car.
Here's my income and expenses
Net Income MYR 3,293
Housing Loan MYR 1,100
Petrol MYR 300
Lunch (during working days) MYR 200
Forced savings + Insurance MYR 450
Telco, utilities MYR 390
Laptop EPP Instalment MYR 200
Parents MYR 300
Entertainment MYR 200
Total Expenses MYR 3,140
Balance MYR 153
Am I doing fine with this kind of expenses? Appreciate the advice from expert here.
Thanks.
Personal Financial Management V3, It's all about managing your $$$
Jul 18 2014, 10:56 AM
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