Yes, finance management is so important, as I'm facing the problem you mentioned, my income is not enough to cover my expenses. If there is any guru or experienced guys here, please share your valuable experience.

I earn 1.5k after my EPF and SOCSO deduction. Petrol and tolls take me 400 a month, about 200 for mobile phone, 88 for streamyx, 120 for insurance, car maintenance average 40 a month, 200 for education loan, 200 for family. I know I need to change my lifestyle to reduce my expenses, but I have no idea how to...

Thanks for your all advices. I will try to reduce my expenses. Actually I need transport and phone for work purpose. So, I plan to take my claims (around 200) for saving purpose. Anyway, the claims are not given every month, sometime it takes few months and I get in the accumulated amount once few months.

I understand having a budget is very important in financial planning.

Usage of credit card has pros and cons.
If you manage to control your expenses, then credit card is really help me save a lots. By paying phone bill and broadband bill using credit card, I can get some percentage of rebate. Then, why not we use the credit card? Anyway, everytime we use credit card, we have to reserve the same amount from our saving account for the credit card payment.

Furthermore, using credit card when shopping and dining sometime may get discount.

For me, I only sign up credit card which is free annual fee. So, there is no charge for me even I do use or do not use the credit card.

Make sure you pay the credit card bill every month, then no charge you have to pay, and you can get discount when shopping, dining or doing auto payment of your utilities bills.

I think the "over use" means don't use more than what you have. Normally the credit limit is few times more than your salary. So, better plan your CC expenses. Only use your CC when you really got money to pay the bill at the end of the month.

If you pay the full amount of your bill every month, then there is no charge at all. So, make sure you have the cash to pay your CC bill every month.

I prefer to have free for life CC, cause it's a hassle as well for me to call them in advance to request for waiver. They might not waive your fee also, and we need to cancel the card if we don't want it anymore. I just prefer CC with no hassle at all....

For sure we have to check the credit card bill and saving account statement always.
For those who are using CC, I recommend you all record down all the transaction amount that you did with your CC, so that you can check if the bill is correct or not.

I think the percentage for this mistake happen is not high. Even they bill you wrongly, you can get back the money from deducting your next month bill. I don't think they will charge you twice and didn't pay back to you.

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...