Dear sifu's,

Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not. I am buying it for own stay and rent out partially to cover some cost.
So i am here to seek some advice or financial plan for my future move.

Gross income : RM 7,500
Net income : RM 6190

Monthly spending below

Medical Insurance : RM 200
Room Rental : RM 600
Internet : RM 72
Mobile : RM 53
Parents : RM 600
Petrol : RM 200
Tolls : RM 60
Parking : RM 110
Food : RM 600

So balance RM 3,695. 60k cash in FD.

Some info for the newly booked condo. Estimate can move in on this August.
mortgage : RM 2,670
Maintenance : RM 400

So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.

This post has been edited by eddystorm: May 18 2017, 11:10 PM

Sorry i did missed out some expenses.
I live a frugal life with minimal expenses. Usually go hiking, jogging & free gym at rented place so all those are kind of free entertainment for me.
For the vacation part, i never pay for any oversea vacation but only take the chance to walk around on company business trip hahaha

My mortgage is PBB semi-flexi loan, charging RM 53 for every withdrawal. Actually i am planning to buy a car with maybe 40k down-payment when i am getting a stable room rental income. Will this be too risky to do so?