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 Personal Financial Management V3, It's all about managing your $$$

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darylllim
post Jul 18 2014, 10:56 AM

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18 posts

Joined: Mar 2010


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.
darylllim
post Jul 18 2014, 11:03 AM

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Joined: Mar 2010


QUOTE(yklooi @ Jul 18 2014, 11:01 AM)
hmm.gif how much do you have in yr emergency funds? + funds for "just incase" car break down funds?
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about RM20k


 

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