Background:

I just graduated. Waiting for my turn to be a government servant in 2-3 months' time (or longer than that, who knows?). Currently working in a commission based company. First month of working raked a healthy 10k+ salary. (no bs) Second month around 3k+ and it's only mid of April.

Problem:

I don't have my own transport to work. My mum would need to get up early to send me to work which I feel it's a bit tiring for her. And sometimes she will have things to settle and in the end I'll be late for work. She doesn't allow my to drive her car. I was thinking to get a 40k+ car for the time being. Previously I tried to apply for loan with my mum as my guarantor but it wouldn't go through as her business is kinda bad these few years.

Question:

1. What should I do? Unless I earn another 20-30k (factoring in car price, maintenance, emergency etc) to buy the car in cash, I will need to take loan.

2. Can I take personal loan for used car?

3. I can try applying a car loan under my own name but I was told that I need 6 months payslip since my job currently is commission based.

I'm planning to get the car before I start working with the government cos by then I'll be too busy to even view the car I'm about to buy!

Please advise.

28 year old

Take home pay: 5500
Side income: 1500 (stable income, sometimes up to 2000)
TOTAL net income: 7000

Car 850
Rent 350
Credit card 300
Insurance 200
Fuel 200
Toll 120
Food 600
Leisure 800
Gym 70
Phone 80
Misc 200
TOTAL expenditure 3700

The rest goes to savings, about 3k+ monthly

Hello, this is my ins and out every month. Starting May 2019, I'll need to help out my dad to pay for the house. Monthly installment would be RM3000, shared among me and my other 2 siblings, so RM1000 each. Also, I'm planning to buy a continental ride at the end of the year. Monthly installment would be about 1500 every month. However, the total expenditure would sum up to 6200. Certainly doesn't seem like I will be getting my new ride this year

On a side note, say I have 100k in cash, is placing 80k in FD a good choice since I don't know anywhere better to park my money? That's an average passive income of RM287 every month. Please advise.

300 for credit card and 800 for leisure are mostly allocated for drinking, weekend outings, shopping, dates. Yeah I can certainly pay using cash/debit card. But paying by card (with a good track record) would be good for loan applications in the future? Do correct me if I'm wrong.

I'm working in a small town in Pahang, so food and accommodation is pretty cheap here. Certainly not compromising on needs.

Still targeting to achieve a take home pay of 10k a month before I turn 30. With 100k cash, I'm weighing my options to either invest it or save it.

Oh sorry my bad. I’m using HSBC credit card. Wow okay I think mine is the one they give points for every ringgit you spend it something similar. Looks like I need to find out how to revert it to cashback instead. Thank you

No other debts other than my current ride. 4 more years of servicing to go. Not married either. The insurance plan that I’ve bought includes a coverage of 1mil of medical fees per annum. Am I still under insured?

I do plan to buy a house, but they’ll take up 2-3k of my monthly salary. Renting out will be a hassle. A supposed asset which doesn’t generate income becomes a liability, no? But what do I know, I’m just a newbie here