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

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mrbigggyyy
post Oct 18 2019, 03:27 PM

Getting Started
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Junior Member
124 posts

Joined: Oct 2019


QUOTE(Reonix91 @ Oct 17 2019, 08:57 PM)
Hey guys, I'm single and here are my Personal Finance status

Gross salary RM4000-RM8,000
Its pretty random as its basics with comissions
Monthly expenses (Food, groceries, work related etc) RM800
Parent RM300
Rental RM250
Car loan (Share with siblings) RM250
Insurance RM210
Phone RM 50
Internet RM100
Electric RM100
PTPTN RM230 (Left 18 Grand more)
ASB I max up to 200Grand (RM1,000 per month) roughly
I steadily save up 3Grand-4Grand per month.

Total saving : 168Grand

I seek you guys advice on what should I do with the 168k in my saving account. I'm planning to close 200k end of this year. Your insights much appreciated.
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very very well done!
mrbigggyyy
post Nov 4 2019, 07:10 PM

Getting Started
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Junior Member
124 posts

Joined: Oct 2019


QUOTE(MAYOFIENDZ @ Nov 4 2019, 05:56 PM)
Hi guys, I'm 21 working in singapore & single right now. (non bumi) Please take a look at my monthly cash flow and financial information to advice better suggestions if possible.

Income :
Salary - RM 5950

Investment:
Stashaway    - RM 2100

Expense:
Phone            - RM60
Rent              - RM960
Car                - RM750 ( 7 years to fully settle)
food                - RM410
Parent            - RM300
Petrol              - RM50
entertainment  - RM300
Transport(SG) - RM180

Saving            - RM840 (minus off investment already)
Current assets & investments:

Saving account    - RM6000+
Stashway            - RM6000+
Cryptocurrencies - RM14000+

Yes I know it is not wise to invest so much in cryptocurrencies but I have prepared to lose the money so not an issue for me. Kinda want to try my luck in cryptocurrencies since I'm still quite young, personally I think worth the risk.
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pretty good start! i think you can start to look into investments like stock etc

 

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