big deal, you can get an entire house with lawn and driveway for RM 250...........in Kelantan!!

RM 400 per room is normal in Klang Valley. the better the location, the higher it goes.

RM200 a 2nd floor room with balcony in Cheras nearby Macro. no need to pay electrical/water bill.

That is on the CC company side. Now, you have to convince the bank that it wasn't you that caused the bounced check. And, if you have auto-payment on your electric bill and water bill and so on.. The problem escalated...

The problem with young people is that they had never faced a disaster before and they have not heard enough horror stories to believe in Murphy's Law.

And, this is Malaysia. We have weak or non-existent consumer protection law.

<<I think the percentage for this mistake happen is not high.>>

It may not be high but it only have to happen to you once to cost you dearly.

Dreamer

This post has been edited by dreamer101: Nov 28 2006, 01:11 PM

usually people don't charge for elec / water bills.

however that's in Cheras. a room near colleges like in Subang SS14 / 15 / 18 area would easily cost more.

so spending with a credit card.. does have some points..
then what about those bonuslink things??

ok - this is starting to stray from financial management but i'll try to put it back (again!! )

bonuslink does help. my family collects them, can redeem stuff but i donno what was redeemed so far cos i'm not handling it. haha.

just helping the advantage. in a way also good la these things, get the points and get some items. spare you the $$$ to use on something else.

it's just being rewarded as using.

nobody's using the Microsoft Money program?
IMHO, its very useful with all sorts off features unlike that excell file(sorry no offence)
with this program u can micro manage everything u want from bank acc to investments..whole lot of stuff to do...

i use it on my pocket pc. however i went back to using Excel instead.

doesn't matter which software you use, just use the one that helps you the most.

i use MS Money 2002. quite complicated at the first glance, but useful once u learned from it. it can do all sort of things, budgeting, debt plan, saving plan, transaction record, investment port folio, and all kind of report generating.

This post has been edited by ky_khor: Nov 29 2006, 08:44 AM

btw toll prices going up - looks like everyone have to plan their trips more carefully already.

using money 2006

I found that a lot of us are bearing PTPTN... somemore the interest is quite high.. about RM50++ top up every month.. i wonder when can i finish paying this....

PTPTN interest rate is the lowest in the industry when it comes to educational loans... right ?

RM50++ top up every month for PTPTN? What it means? Can anybody explain? As I know, the interest of PTPTN is quite low compared to other loans. Anybody can share experience about PTPTN? I have to start paying this soon...

For this "Pay myself first"(PMF) strategy, should we take into consideration our deduction from EPF? Can the EPF deduction be considered PMF? Currently I do have some substancial savings even after taking into consideration my EPF deduction. I am thinking of more aggresive investments, but have held back due to uncertainty and fear of losing more money.

Currently I can safe approximately 50% of my current salary but it is effecting my lifestyle to a certain extent. This seems to be my "investing" strategy for the time being.

1) You can consider EPF as saving BUT you cannot use the money. So, you need to save more and beyond EPF.

< Currently I can <save> approximately 50% of my current salary but it is <affecting> my lifestyle to a certain extent. This seems to be my "investing" strategy for the time being. >

1) Spelling mistake.

2) Save now for better lifestyle in the future.

3) You are enjoying financial security by saving.

Dreamer

Thanks for sharing such a good budget planner ...
At least right now .. I can key in the details besides using the old way of pen and paper.

Regards,
Hughie

In my opnion EPF doesnt count as PMF.
Saving money is important, but what more important is developing the good financial habit itself.
EPF is an iron-clad system for saving money, but you dont train yourself anything by relying on external system.
Better do PMF even if it's just a small amount. Good habit is priceless.

I agreed with you. But unfortunately there is some people trying hard to implement the PMF Strategy on themselves .. unsuccessful. Such as me.
I have been trying hard to do so .. but then I still need to clear off some debts before proceeding to the next step.

Regards,
Hughie

ahh EPF is forced saving but it doesn't cultivate the wise-spending nature in a person.

PMF is good but again, it's like adding to reserves but it's not making the spending more effective.

it's good to have PMF while at the same time practise wise spending. for me, i buy hardware, gadgets, games and toys. i have no problem saving. i just have to plan out how to maximize my $$$$ for each purchase.

EDITED : oh yeah, that means timed spending. now i've postponed my DSLR purchase.

This post has been edited by goldfries: Jan 3 2007, 07:51 PM