24 yrs old,
earning averagely 9k
working for airline, as first officer.

commitment about 5k a month (house) >.< cant lose my job now.

will be getting increment to next pay scale soon.

I can't agree more on this, most of us think that buying property will make us money in long run, but most of us forgot bout the cost inccured, not only the interest charged, the maintenance of the property, the taxes that comes with it, so in order to gain from the property, theres more than just buying to gain from it, a lot more to consider.

btw, I do agree that young ppl now earn averagely more than ppl in our previous generation, if they're willing to work that is.

btw, 5k isn't much at our age now.. I hardly see any leftovers at the end of the month.. sigh

really depends u know? my parents weren't as lucky as I am, they couldn't afford to buy house all these while so they were renting, so when I started working, I strive to buy them and myself a house, now we live together obviously, and as a working man, you don't expect your parents to give you allowance and all anymore right? self expenditure will be there, to get to work you need a transport.

so my main expenditure is the house i can say, due to some mistake, i took fixed rate loan and I am paying slightly higher installments for the loan, inclusive of the insurance that comes with it, its about 2.4k every month for a 410k house in usj. 30 years loan

my car is a proton, which cost 600 every month for the next 7 years

expenditure comes all in about 1.5k for food and petrol, isn't alot, cause the cost of food for me and my gf is there..

lets see.. I guess standard house have internet, astro, right? thats about 500-800 inclusive of internet, electricity, phone bills and waterbills~ all in laa

it may sound like luxury to most, but to me its necessity, I can't live without internet, and my parents and siblings can't live without astro. and I have not included the extras such as health insurance. and unexpected expenditure, house maitenance.. so how does 5k seem a lot?

my monthly commitment is 5.5k right now, and 500 bucks of it is my own commitment which is not necessary, so 5k is really just enough, without much savings.

btw, I am 24 this year, and if you think I am blowing water, its really up to you.

This post has been edited by acad615: Nov 23 2009, 05:35 PM

or should we say, money is never enough, cause I remember back then, with rm300, it was just enough, then became rm800, was just enough too, then came higher pay now, just enough again.. so we will never be satisfied with what we have, I gotta learn to live within my budget

2.4k is inclusive of the house insurance, their so called MRTA but different kind, if u take fixed rate house loan from insurance company you will understand, besides its my mistake, I was naive when I purchased the house, didnt do much research there

Astro package is 110 bucks now, and I don't even watch it, like I said, its not for me, its for my family members, and how can you say no to them.. (they think you earn a lot, so they can demand for it)

electricity bills rm 100? have u seen a standard house electricity bill yet? a family of 5 will easily cost you 200, even if u control your usage, once again, I agree that its luxury here, cause 4 Rooms with 4 airconds running for at least 8 hours every night, could've been reduced if I want, but i decide to let my siblings have a better life now.
my electricity bill is averagely 300 a month btw, 110 for streamyx, celcom bill 150 monthly with 3g package ( i travel alot, and cant live without internet u see) astro.. and other minor stuffs.

you gotta really own a house to see all these bills coming. when I bought my house last year, all I had in mind was.. the installment.. didn't see all those coming.

btw, my previous pay was averagely 10k, and due to some stuffs happened in between.. my last drawn pay was about 7k thats about 3k less than usual, and my planning was for my 10k avg pay.. therefore the insufficient funds problem came.. still surviving, but with much lesser savings than before.

This post has been edited by acad615: Nov 23 2009, 06:36 PM

maybe i do have bad financial planning, I am feeling the effects of it, but I don't work in sales line..

my siblings are still studying, the one closest to my age is 5 years younger than I am.

I work for the airline.

f/o

My training was paid by company, lucky me there, and yeah like jurlique said, the allowances have decreased tremendously recently, due to less flying and all..

Its not like the company wants though, overall airliners in the world aren't really making money, its gonna be tough in the future too..

end of story, you will be paid as much as you are worth, it is not possible to earn high pay if your work is not as worthy as your pay..

moral of the story.. be contented or work harder/smarter and gain more knowledge, make yourself indispensible to the company and you will see your self earning big bucks