how much per month for a 5 yr loan?
same interest rate?

if you convert to a 5yr loan any additional charges?
can you buy a "cheaper" insurance when without loan?

This post has been edited by yklooi: Oct 29 2013, 04:19 PM

I liked this simple phrase.
I guess cannot see it now..... unknowingly, working behind the scenes....until one need to spend and made comparison

would like to suggest go google or yahoo for the meaning of "inflation", then read it up and try to understand the meaning of it.

maybe he has....
Financial Freedom
https://secure.fundsupermart.com/main/resea...SJBlog_20140707

how much do you have in yr emergency funds? + funds for "just incase" car break down funds?

try following this at post # 301
https://forum.lowyat.net/topic/3004579/+300#entry69330231

can you please advise how long is the time taken by m/cycle?
if by car? any idea how long?

Deputy Finance Minister Datuk Ahmad Maslan revealed to the Dewan Rakyat that just 8.9 per cent of EPF members have savings of more than RM201,000, noting that the government has estimated a minimum of RM196,800 to live on for 20 years after retirement based on a monthly earning of RM820, which is the poverty line.

Ahmad said during Question Time that 3.9 per cent have savings of between RM201,000 and RM300,000, 1.8 per cent have savings of between RM301,000 and RM400,000, 1 per cent have savings of between RM401,000 and RM500,000, 1.6 per cent have savings of between RM501,000 and RM1 million, while just 0.6 per cent have savings of more than a million ringgit.

Should retirees need RM2,000 a month to get by, a nest egg of RM480,000 is required, which only about two out of 100 EPF contributors currently have.

http://www.msn.com/en-my/news/national/les...cid=mailsignout

Unknown to your risk appetite (which is very personal and subjective)....try reading these links first before you decide.
Why do you invest?
Investing is not about picking the top-performing asset or the highest ranking fund. The purpose of investing is to make your money work for you. This requires investors to make informed, important and conscious decisions. Here are the questions that you must ask yourself before investing:

https://www.kenangainvestors.com.my/KIB/KIB...vestingFAQ.aspx

However, before you jump in and start investing your hard-earned money, there are several important things that you would need to know about yourself first.
•How much do you really need? (Future Planning)
•How much risk can you take? (Risk Level)
•How long are you willing to wait before you see profits? (Time Horizon)
http://www.fundsupermart.com.my/main/schoo...d.svdo?PageID=1

if the risk appetite is ok try PRS.....govt giving youth incentives...
PRS Youth Incentive RM500
PRS Youth Incentive is an initiative by the government to encourage young individuals to start saving early for retirement.... April 23, 2014

http://www.fundsupermart.com.my/main/resea...?articleNo=4558

Have a read of these and its links for better understanding while waiting for more value able responses.

For those that had purchased properties 7 years ago and saw the prices of their properties gone up like crazy....200 to 300% gains are norm....would say that it is a "BEST" investment.

well the good point is that you know what you wanted...

that is very kind of you....

in the ends, it comes back to how much you needed to spend monthly during that period.

get a PA insurance & a rain coat....
I am doing that too...to beat traffic jam, ease of buying small things and get home faster too.
reduce green gas too.

then you are all set to go...

These worked perfectly well when I first started....
light, small and ease of use and on the spot recording is possible


Attached thumbnail(s)

They used 555 too?
that is incredible....

saving can last 5 yrs of monthly expenses....
this expenses amount is for your current self only?

on this..."to ensure that either my parents or future wife have sufficient amount of money to support themselves if anything happens to me"

does that current available saving, includes "your future family" (1 spouse + 2 kids) monthly expenses......(next 5 yrs)

after your got the house next 2 yrs...will you be drawing money from that saving to do the house renovation?
if yes.......hope you had budgeted about RM70k + for that purposes....then how many more months of that saving can cover your monthly and family needs expenses?

after getting your house, in the next 2 yrs....will you plan to getting married with your current GF?
if yes.....will you be drawing money from that saving to do the marriage expenses?
if yes.....hope you had budgeted about RM20k + for that purposes...then how many more months of that saving can cover your monthly and family needs expenses?

This RM664 per month is about how many % of your net take home pay?
How much is the monthly housing loan + maintenance fees (if any)? This housing loan is about how many % of your net take home pay?
How much monthly per month do you think you will need per month after getting married + with a family in the next 3 yrs?

Does your current employer has any form of insurance coverage?
if yes....how is the coverage like....?
Does your family members has any medical history of critical illnesses?
Does your parent has any form of insurance coverage?
Does your GF has any form of insurance coverage?
Does your "kids" needs any form of insurance coverage?

with that...to add on to your current so call dilemma..... ...
how to ensure that either your parents or future wife (+ kids) have sufficient amount of money to support themselves if anything happens to any of THEM, without drawing into your savings or become a liabilities to you

Insurance is a good to have thing & it is a long terms commitment like marriage, plan the suitability, affordability and sustainability, else they would become a "useless" burden. (severely under covarage or permature termination)

Yr GF knows alot more about your current financial standing than me.......thus, on the side of err....i think your GF is right.


This post has been edited by yklooi: May 22 2019, 09:21 AM

reading from the info provided.........it is ok....with just RM664 per month
good to go....
check your GF's insurance for details.....maybe need to get your GF some more insurance coverage too while you do that...

This post has been edited by yklooi: May 23 2019, 01:42 AM