i'd say dun get cc (credit card). i know the benefits are there, but i'm afraid it will do you more harm later. there are charges to use the cc and also if you over use it to pay your debts, you'll end up in more debts. dun tell me you can't pay your bills without cc. it is harder yes, but you have to brace yourself and make the sacrifice.

hmm, i have to disagree with the term "idiot". better use "not investment savy", because my dad is one. he thinks landbanking, UTs are scams thus he only relies on his business and FD. i'm teaching him and opening his mind little by little. after all, dad's the one who raised us up and kids costs a bomb to raise. perhaps he bought the car for your comfort.

anyway, perhaps you can sell the car off if the family doesn;t need it. you can take public transport if you willing to be discipline and make the sacrifice. 2nd, perhaps you can combine both your insurance policies together. normally, a policy that offers both are cheaper than buying one each.

RM200 saved a month until you retire is only enough for retirement use, roughly based on 5% returns p.a, not inclusive of inflation calculation (that makes your purchase value smaller in future) based on current expenses level.

keep your current job for like a year or two for a good resume record. it is not easy to get a job. my friends who are degree graduates can't get a job after 6 months graduating. if you want to look for a job, please get a confirmed job offer first before quitting the current one. i know friends who quit their jobs and then look for one and complain not having money and job.

if you pay tax, or have stocks, unit trusts that issue you dividends/distributions, i recommend you to file them and claim if possible.
meejawa, for "average" description, i wrote down in one of topics. feel free to browse and go through them.

Car is to cover the installment for Dad's car, that idiot go buy car make me suffer oni..change job?easy for u to say, i just joined this co..for 5months after grad barely 1 year ago..

Saving is not a problem for me but saving how much is the problem. I have 1.7k only after EPF.

RM350 - Rent
RM66 - Streamyx
RM100+ - Handphone
RM300 - family
RM600 - foods

RM300 left?? Haven't include other special events within the month   Planning to invest on FD but not sure how good the ROI is compare to other savings/investment

In your situation, it depend whether you are a risk taker or a risk adverse person on the balance money that you have. Sometimes is not base on the ROI but it depend whether you want to take the risk and have enough studies on that particular investment. Among all of the investment and savings, FD is the most risk free and guarantee for return but as all of us know, FD rate are normally quite low.

But you may try the about insurance investment link plan since it give you protection and in the same time able to give you some return from what you invest.....especially nowadays, many people is seeking for protection no matter in ur personal life and ur own savings....... Try to seek any insurance agent for further advice.

hope u have a great time and invest wisely...
kelvinwkf

yes, i am referring to you.

i'll be glad to help

i'd say dun get cc (credit card). i know the benefits are there, but i'm afraid it will do you more harm later. there are charges to use the cc and also if you over use it to pay your debts, you'll end up in more debts. dun tell me you can't pay your bills without cc. it is harder yes, but you have to brace yourself and make the sacrifice.
U advising me NOT to apply CC?Confirm? how can i determine whether i need it or not?

hmm, i have to disagree with the term "idiot". better use "not investment savy", because my dad is one.
Nicer way to said it..ahhaha..OKOK

anyway, perhaps you can sell the car off if the family doesn;t need it. you can take public transport if you willing to be discipline and make the sacrifice.
I need 1 and so does he..unless..

2nd, perhaps you can combine both your insurance policies together. normally, a policy that offers both are cheaper than buying one each.
Both policy have cash values return after certain years, i plan for future investment edi.If i am discipline enuf, and paid on time and do not touch the fund, i should be gaining alot in return for my retirement..hahaha..


RM200 saved a month until you retire is only enough for retirement use, roughly based on 5% returns p.a, not inclusive of inflation calculation (that makes your purchase value smaller in future) based on current expenses level.
i dun understand this, can explained arr?

keep your current job for like a year or two for a good resume record. it is not easy to get a job. my friends who are degree graduates can't get a job after 6 months graduating. if you want to look for a job, please get a confirmed job offer first before quitting the current one. i know friends who quit their jobs and then look for one and complain not having money and job.
PLanning to do that, i just graduated a year ago, still in my early 20's.There's so much more to come right.?

if you pay tax, or have stocks, unit trusts that issue you dividends/distributions, i recommend you to file them and claim if possible.
ahaha..basic pay not even over 2.5k..how to pay tax leh..
i am a very organize and straight person, definately will plan,do,check and act wan..

Your father probably needs a car & can't afford it so he asks you to pay the instalment for him. Isn't that a great deed?
Everybody's life isn't the same, some have to support, some do not need to support parents. If amount is reasonable, this gesture can change a person's inner strength positively.

Saving is not a problem for me but saving how much is the problem. I have 1.7k only after EPF.

RM350 - Rent
RM66 - Streamyx
RM100+ - Handphone
RM300 - family
RM600 - foods

RM300 left?? Haven't include other special events within the month   Planning to invest on FD but not sure how good the ROI is compare to other savings/investment

Hi there, I just read about this & I believed it offers a new perspective in managing personal financial.  The main concept is forget about the pennies, but focusing on the dollar i.e do not be a penny wise, a pound foolish.  The method is "Balance".

First you need to split your expenses into 3 main categories - must have/necessities, wants/spend, and saving.  Must have is defined as things that you need to live healthily and in a dignify way, that you can't live without them for more than 6 months, that they have a long-term contracts/obligations.  The must have usually includes loan, rent, things like that.  Wants are something you like but can live without yet still healthy and dignify.  Saving is just saving.

The ideal ratio is 5:3:2.  If you spend more than 50% of your net pay on must have (such as loan payment), you needs to gradually find way to bring it down to below 50%, that means make some significant cut (like selling the car).  30% is for wants for fun, this should include meals (both basic or fancy meal), 20% is for saving.

Using this method, your score card is 21% (Rent) for must have, Wants is 45% (Streamyx, HP, Foods), saving is 35% (family + 300).  Following this model, the area that you need to trim is "Want" - but your case may be a bit unique as there are not expenses on 'entertainment'.  As you go through life, your must have (obligations) tends to pick-up and you should pay attention to it.  Any way, you can follow what briefly mentioned above to reclassify your expenses into the 3 broad categories.  Give this a try

Yes. Gardenia bread is needs. Medium Rare Ribbon steak in San franchisco Steakhouse is want.

now i 1 month rm400

i just pay for eat only but i feel its not enough

^I do hope you know how to calculate the returns from that policy, if it is after all, any "return".

i know i try already to stop smoking.. i already plan it for future.. other than that..?

Instead doing it in the future, might as well do it now.

Phone maybe u can still save RM20
and for makan and petrol probably Rm100 if u pandai-pandai know how to cost/save kua..
all the best anyway...

food and petrol together 100? or for each 100?
i already start to quit it now.. i take oni 2 ciggar per day now and bybuying it from my fren..
Phone its random actually.. i use less when i got no assignment that required me to contact people..

Thanks anyway, i'll try my best..

i also wan to try part time in photography.. so i can add more money to my pocket..