@SKY 1809,
You're most definitely right. Even with reputable developers, it's good to check the background to make sure the project won't be stalled

@jeff_ckf,
So r U moving in?! I oredi liquidated some LT investments of which I been holding for about 2 years now. I think it's probably a good price to let go so I did; I do haf the option to put it back in but I'll wait for the market to get softer before I make a re-investment.

The rest of the $ would go into funding the property I purchased.

@jeff_ckf,
And what happens to the existing house the folks are living in?

@jeff_ckf,
AhHh.. No wonder Dad Bank had the $ to loan out ! Well, U could charge them rental to help offset that monthly repayment [and then use whatever $ to give them back as their monthly allowance]

@jeff_ckf,
My mother is thinking of charging me RM2000 rental p/month so I'm just using the same theory

@SKY 1809,
Mom's my CFO; she knows my financial standing much better than I do

@HughieRmX,
She was just kidding when she plucked RM2k from the air [we were having tea and we were talking about houses when she said she should start charging me RM2k for the room I occupy at home]

It also comes with 'butler' services, car park, pool facilities, and well, meals

@wodenus,
'butler' services sounds much better than maid services *grins* Oh not forgetting, laundry is taken care off too !

@jasontoh,
That's because U aren't a spendthrift ! As 'big' sister in the family, I contribute roughly about the same amount to the household p/month

@tishaban,
Er U have a template I could use?! I'm interested to know how much I've saved - I've a feeling it's less than 4%!

@zenwell,
If I recall there's oredi an existing thread on that topic - perhaps u could just do a search?

I think the important rule to follow here is to ask urself how much extra ur spending, instead of how much ur saving

@jarodr9,
Reading and not putting it into practise is not going to help either

@virgel87,
Er.. there's another thread on Expenses - except it's very far behind - perhaps that's a better place to share your expenses. Alternatively someone just started a similar one on expense at Jobs & Careers.

@bigboy,
I don't quite agree with ur statement. The reason people are in debt is because they don't think it's a big deal. One should always live within their means. If U earn RM1k, spend only up to RM1k. If U earn RM10k, U can be more lavish but U should never spend more than what U earn.

@lcl832002,
Rich is relative. I may think you're rich but U probably think u aren't

@lcl832002,
I think Cousin 2 is feeling inferior to Cousin 1. Also, I'm quite sure when they were younger, they were used as comparisons and it rarely favoured Cousin 2 hence the emotional rebellions.

Personally, I think Cousin 2 shouldn't let Cousin 1 dictate his life - nor should he try to show Cousin 1 he's better. He seems to be a lil immature in thought, in my opinion.

@Andrew Lim,
Hence in general, we use percentage as a gauge, and not cash amount. 20% of RM2k and 20% of RM10k - obviously the latter has a higher figure!

@xlancer,
Just because dreamer101 said to save 50% of your salary, it doesn't mean U must! Only you yourself will know what is appropriate taking into account the kinda lifestyle U wanna live and the commitments U have

@ITforce,
If U paid off in cash, it's called purchasing it with cash, it's longer called putting/paying a downpayment