Personal Financial Management V3, It's all about managing your $$$
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 Nov 10 2019, 04:23 AM
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#1
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Junior Member
171 posts Joined: Jun 2014 
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hi, my salary is at fixed at rm4350.
my commitments House : RM800 (increase rm200 every 2 years, max at rm1600 p.m.) fuel : RM230 roughly insurance : RM230 p.m. car : kenari - paid off parent : rm200 food : rm500 wife : rm300 asb : rm1050 internet & mobile hp: rm200 eletricty & water : rm200 savings at tabung haji : 70k (planning to transfer to asb) |
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Nov 10 2019, 05:44 PM
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#2
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Junior Member
171 posts Joined: Jun 2014
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QUOTE(yklooi @ Nov 10 2019, 10:42 AM) good that you are having about 24% of yr income in asb tax deduct about RM90 pm but since it will be refunded back, ok lo. 😅if you have EPF and with EPF you will have abt 45% saved. why want to increase rm200 every 2 years, max at rm1600 p.m. for your housing loan? transferring that to ASB would yield better returns isn't it? wow, with all that you still have a balance of 640 pm what about income taxes? monthly groceries expenses? any plan to have kid(s) in the next 3~5 yrs? is yr wife working? parents having any insurance plans?  monthly groceries didnt count in yet because long distance rship as at todate. by next year will have a baby, so surely monthly expenses will . my wife is working but will resign upon delivery. parent has no medical plan. after all, balance of rm640 hopefully enough for the baby and monthly groceries. 😅 my plan, to pay the monthly asb rm1050 using my savings of 70k. rolling that money. so i will have extra rm1050 from my salary. is it the right thing to do? for housing loan, it is due to this.  |
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