Personal Finance

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Get your financial house in order. Learn how to better manage your money and debt in both the short and long term. Find out how to save an emergency fund and invest for your future." Here, we do it the Malaysian way la of course. Instead of Roth IRA, Vanguard and suddenly having millions of USDs, we'll be using RM, talking about RON95, inflated pricetags on real estate, prices of kangkung, EPF, GST etc.

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Need help to clear commitments (monyet.cc)
submitted 6 months ago by blubblubblub@monyet.cc to c/personal_finance@monyet.cc
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I wanna help a family member to sort out her debts and finance plan. She was in a poor mental state and made some questionable financial decisions. Currently just started a new part time job while waiting for further her education, getting about RM2.3k basic a month.

Commitments: a. Motorcycle (shop loan) - RM213/month, loan balance RM7500 b. PTPK - RM230/month, loan balance RM21500 (planning to defer payment after she gets into uni) c. Credit card - minimum payment RM150, loan balance RM3000 d. ShopeePay - total RM3000 , range about RM400/month to RM1000 until September

I have a budget of 3-5k to help her for this. My ask is that if I can help her to pay (i’ll ask her to pay me back), which debt should I clear first? Don’t want her to keep adding debt because of the interest. Her payment ability will also reduce once she gets into uni as she will probably not be working.

Thank you all sifu!

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Property Cashback: What do you guys do with it? (monyet.cc)
submitted 1 year ago by imademo@monyet.cc to c/personal_finance@monyet.cc
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I've went through a few agents here and there and I notice some projects offer cashback. My understanding is that the cash is totally yours and you can do what you want with it - though it is most definitely smarter to use it to pay off the mortgage or put in something like ASB if you can handle the monthly payments. Or am I totally wrong about this?

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Cash flow and Net Worth Calculation sheet by BFM x AIA (www.aia.com.my)
submitted 1 year ago* (last edited 1 year ago) by port888@monyet.cc to c/personal_finance@monyet.cc
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BFM is running a special 4-part biweekly series during their Evening Edition segment of Inside Story called Fix Your Finances.

The 28th June edition is titled Balancing your Budget Sheet. They provided a useful cash flow and net worth calculator sheet in Excel format, downloadable in the OP link (also found on BFM's Instagram profile page).

The special series' website is www.bfm.my/fixyourfinances

Interesting to note that according to this template, EPF account 1 & 2 are both considered to be part of one's net worth. This is a debatable line item as some people prefer for EPF to be a "forget about it" asset until nearer to retirement.

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Looking for advice (monyet.cc)
submitted 1 year ago by status1astro@monyet.cc to c/personal_finance@monyet.cc
4 comments fedilink
 
 

Hello peeps!

I'm kinda new here but anyways i was looking for some advice on how i might be able to sell roombas vaccum robot? i have like more than 5 which i wanna sell all of them. tried facebook marketing place and mudah but that's taking too long in like 2 weeks only 1 got sold and i have 5 of them left. :/ im tryna find a buyer or wholesaler who can purchase these things on wholesale price.

i need guidance where should i look or who should i contact to see these items!