Haha. Ya, you are right. Now really need to improve my savings, I really feel paiseh when i compared my saving to my friend whose income is far more lower than me.
Oredi keep track of my expenses with expensr for past few days, hopefully i can keep it going. Then i should have more sounding data/facts to see how could i do better. But oso try to reduce expenses on luxuries lo.

Oh you are still single. But once you have a gf/wife, expenses will definitely shoot up

so now you should save more and put into the right investment.

some gf/wife help save more

Yaya.... i think i should look for some who can save more, or may be earn more

yeah, if they are not spend thrift and demanding

However, men always want to save a lot so that they can build a comfortable home for their family rite?

true indeed !

btw, check out this blog, the top right side shows the most recent best rates of FD, BLR etc.

hi, need your guys help. I am in depression currently. I have 0 savings and some more in debt.

Now only realize that with great power (money) comes great responsibility, lol.

My mission is i want to clear my debt in 9 months or less. Then i want to start savings.

My income is RM2100 after EPF deduction.

Expenses;
- House Rent: RM250.
- Parent: RM250
- CC: RM250
- Personal loan (until July 2010, planning to early settlement): RM250

Planning to buy a bike (cheapest). My new workplace not to be reached by own transportation.
- Bike loan & Gas: RM250
- Food: RM500

Overall: RM1750

Balance: RM350 only



How can i achieve my mission in 9 months? Pls somebody help

Can you give more details? But judging on what you wrote, you still have RM350 as savings

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Added on February 18, 2009, 10:54 pmGirls hobby is shopping for clothes(all the time), while guys are shopping for gadgets, once in a blue moon.


True...man always want to save a lot so that they can give their family a comfortable life . In fact, I'm also feeling the pressure although I'm still single. Plan way ahead first

This post has been edited by jasontoh: Feb 18 2009, 11:10 PM

I think mnhma means how he can settle the loan early.

@mnhma,

use your balance RM350 to settle the loan. Maybe instead of 250 a month make it 500 a month. then i think you can settle within 9 mths and after that start saving

This does not applicable to Zenwell cos the bf must give her pocket money... .

from http://forum.lowyat.net/index.php?showtopic=940717


RM 2k to RM 5k by Malaysian white colar workders.

RM 600 to RM 1.8k for blue colars.

can see the differences among poor, average and rich here in this blog

This post has been edited by mtsen: Feb 19 2009, 11:49 PM

yeah, this may have been my theory but in reality i don't get it

haha, but yeah, i know it's not healthy to depend on guys too much. after all we are moving more and more towards gender equality right?

I would not do that since paying 250 monthly can settle the loan eventually. It is better to start saving all the 350 or do some mini investment. Just my opinion though....as I like to leverage from others whenever there's opportunity

still depends on how cute the girl can be..

I am planning to invest in unit trust as the price is very low now.Buy low-sell high.Is it a good time to buy?

Like that also can

There's nothing such as good time or bad time. Or whether price is high or price is low. When you invest now, it might go deeper. You never know. Just keep on investing your disposable income, then few years down the road, you can see the harvest. If you read from my blog also, I never say anything on good or bad time. In this time, people still make money, people still lose money. During bull run, there are people losing money as well. It is how you invest. If you want to wait till it bottom, then it could take you forever, or by the time you think it is stable, the whole economy recover 20-30%. Just invest whenever you feel like it, with your DISPOSABLE income. Just my opinion though

Im totally agree with the saving of all the Rm350 but i do not agree to explore mini investment at this time. Its because of your limited savings that you have. My simple principle is CASH is KING!!!!...I do believe a lot people tends to bump all their money at once to their commitment debt, hence left out a little of cash savings & which is very dangerous if anything happens. Whatever that you bump out cannot convert into cash.

Just my opinion...

Zenwell!!!!

then try harder to find one...wish you good luck...

Well, if you really do some research, you can get bargain in this time. Saving will only make your money losing its value in the long run, though I agree that we need to save as well, just in case we are out of job. Other than that, investment is always better than savings, provided you know how to invest

IMHO - CASH IS TRASH

for my mrs and myself - we only have 2 cash buffers:

1. 3 months reserve for any contingencies.
2. 2 months reserve of rental for each property we own.

The rest are 100% planted into properties, properties, properties and just a tiny bit into stocks.

Personally, I feel that cash is way too over-rated. I feel insecure when my cash balance goes too high by the way.