Waste of time save me SGD100+. If you feel like SGD100 is nothing then be my guest. I am not going to give banks the free SGD100+.

Ever heard the power savings? Combine it with the power of compounding (returns) and is a force to be reckon with. Never underestimate the power of saving. When your cash amount is small, power of savings matter more over power of investment returns.

Not if
1) you are earning fixed salary
2) your work contract clearly stated that you cannot have part time business or disciplinary action will be taken.

Actually there are people who still live that.
Warren buffet
Ikea founder
Many bloggers who have reached FI

1million + is nothing. There needs to be some sustainability in terms of spending patterns and increasing income.

But many ppl dont have 1million in liquid assets.

Why dont you show us where is your location and where do you work? Distance so we can know the distance you travel daily? By the way, since you want to be so frugal and some forummers have calculated the distance to work is about 6km then why bother to drive? why not take a bicycle?

by the way, can you advise where to get clothes for RM1? some more is real original.

Just jog around your neighbourhood, see any nice ones hanging out to dry just take ....

RM1 clothing...

Sorry that's P&C. Bro be practical. Bicycle. How early I have to leave for work. Already go before sun rise and come back after sun set.

Bundle shops. So many around Malaysia. Just take a look. They write there big big BUNDLE.

Apparently you never seen them. They are not torn or soiled. They look exactly like those high end malls except that all jumble up. You need to manually pick them out.

They are from US, UK Japan, AU, EU, you name it. Size of course is bigger than what we Asians wear. But quality is really there.

This post has been edited by Ramjade: Sep 4 2018, 06:18 PM

How far from your house to your work place? I am just wondering?

How is your distance and location of work p&c? Lmaooo just say which area and state. Or unless you are lying...

For those doubting about kancil fuel consumption. It's old but still relevant.
http://autoworld.com.my/forum/index.php?/t...n-kancil-850-m/
http://autoworld.com.my/forum/index.php?/t...el-consumption/

I think one of the guy has done a pretty similar calculation few posts before.

At the end of the day you still won’t disclose your work distance, there’s no point discussing already.

Sharing my monthly expenses here, with logical support:

My background: Fresh grad working for a few months now.

- Car Loan RM610 per month (Currently repaying my new Myvi. Yes I know car is a bad debt, but I feel like this is a kind of reward for your hard work right? "Go to work to pay for your car", many would say. But to me, there's nothing wrong with that. I rather go to work and aim for my target than living a frugal live just to save up a few pennies)

- Parents RM500 month (Staying with parents, so I think quite standard. My parents sponsored my degree (scholarship diploma) so I don't need to pay PTPTN)

- Transport RM50 per month (Yes totally doable, but not with car of course *coughs Ramjade*. I'm riding bike and workplace is 25km to and fro. That's 500 km per month and bike RM5 u can go for 100 km. That's around RM25 month+RM25 petrol for my car's weekend drive). Many people would say that riding bike is dangerous in Klang Valley and I do agree with that. It's just that the pros far outweigh the cons, especially the traffic.

- Food RM400 per month (RM20 per day is actually very flexible if you spend wisely. I usually allocate 20% for breakfast, 40% for lunch and dinner each). Sometimes I made my own breakfast sandwich too, but of course I don't eat the same thing everyday, because I have a LIFE)

- Phone bill RM30 UMobile (Best bang for buck actually, that I agree with bro Ramjade. However as cheap as it is, my office has no coverage and probably will be upgrading to a more expensive telco soon)

- Miscellanous RM200 (I consider myself a frugal person, i.e will think twice before buying an item but at the same time I know when to buy the right thing, so RM50 per month is more than enough) Items like skincare, entertainment, electronics, books etc)

And lastly investment,

- Investment RM500 (Currently with FSM, put in RM500 into my account once I get my paycheck. I strongly believe in the phrase "pay yourself first". Constantly looking for new opportunities to venture into so the rest of the money will go into my piggy bank to collect more bullets.

Total is about 2k.

From personal financial management point of view, before you start investing :

1. Do you have 3-6 months of salary park some where liquid as emergency funds?
2. Are you adequately insured?

Looks like we got more or less same thinking. I pay myself first by locking up >50% of my take home pay and survive on budget of max RM1k/month. A budget that I still stick to when I was a uni student. For me, at this moment power of savings is very important. When you can save up huge amount of cash, eventually investment returns will work it's magic. Then there's no hurry.

For me food, very simple, learn to make simple, healthy, nice tasting food. Something which I pick up from uni student (I don't survive on instant noddles or fast food in case one is wondering). Foods like eggs, tofu, sweet potatoes, tempe, tomatoes, capsicum, lettuce, extra virgin olive oil are very healthy options.

Phone bill wise is hit or miss. My place happen to have umobile coverage. Should the coverage drop, I will drop it instantly. If one have get Digi infinite RM80, that would actually be bang for buck. Unlimited everything for RM80. Sadly, now only selling the RM100.

So yeah, be frugal, live within your means.

1. I consider myself to be quite lucky to be exposed to investment at a young age. And also I'm staying with my parents so I don't think there's a need for an emergency fund yet. Regardless, I acknowledge the need for a few months of emergency funds but right know since my commitment is not high my aim would be just to invest half and save half of my cash for emergency.

2. Currently insured by my company with medical card. Outside of that not insured but am thinking to get a medical card for extra security, once my job is on track.

I am not sure about the km to/from to workplace is p&c as well. I concurred with you that no point discussing and I dont think the figures stack up

What is FSM? How much the ROi? Could u explain more? Thanks!

Well as all things go, there’s no guaranteed ROI. You can check out Fundsupermart thread for more information.

Was it referring to Fund Supermart (iFAST Capital Sdn Bhd) that originated from SG?

Okok thankss so much!!!!

Necessities
Eating Out: RM1000 (quite high, I love eating, I pay for my GF and family quite often)
Groceries: RM100 (including non-food items)
Petrol: RM500 (At least 3000 km a month, my well maintained 2006 myvi still 13.3km/l)
Toll: RM250
Phone bill: RM78 (Digi 78)
Parking: RM50-100 (shopping malls, sometimes meet customer)
Parents: RM300 each
Siblings: RM200~ (my brother/sister come ask for help every 3 months)

Subtotal: RM2.8k

Service/insurance/maintenance
Google drive subscription: RM8
PTPTN: RM290
Health + Life insurance: RM210
Auto insurance + road tax saving: RM42 (roughly RM500 every year)
Car maintenance: RM150 (for minor service, major service, change battery, and change tyres)

Subtotal: RM700

Entertainment
Vacation: RM300 (my gf and i go on budget vacation every year)
Movie: RM30 (once a month)

Subtotal: RM330

Grand total is RM2800 + RM700 + RM330 = RM3830 per month.

I actually thought of decreasing the budget for food, but I find no reason to do that. Simply because I don't smoke, drink, gamble, game. My main source of entertainment is eating
I guess the only way to save more is to earn more.

Yes it is