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@erniedavid then obviously no for the car. too many commitments on your plate as the sole breadwinner, you'll be left with.. almost no savings maybe. The car installment alone already RM1.5k per month, you'd assumed you will still be left with RM500 for savings, but you don't even account yet...

@erniedavid it doesn't seem wise to maximize that much commitments. You surveyed the rental market in that area already for that 2nd house? how sure are you could at least get that RM1.6k rent? but if your spouse is also working & this figure you posted excluded your spouse's income, then I...

@astrocol This question been asked and debated many times, some lean on A, some will lean more on B. It's up to your preference. I'll be the contrarian & just say; if you're not financial savvy, don't think about this stuff too much, can always just do both. Take shorter hire purchase loan...

@animatingspirit that's entirely up to your own preference. it's more of a guidance instead of a must-follow rule. even myself don't really have much spending/commitments, so my monthly finances are more or less 20% commitments: 15% leisure: 65% saving/investment

@sweetascandy1990 50:30:20 rule 50% of your income = for paying commitments (rents, loans, bills) another 30% = for leisure & entertainment (your shopping spree, movies, etc) 20% = savings. Try your best to discipline yourself with following this ratio. if your commitments is not even 50% of...