yourfatcousin
New member
Hello kawan-kawan! I'm a 27 y/o trying to get my finances in order before its too late. Some context on my current financial situation:
Been working for 2 years, first year I basically saved nothing and was quite reckless with my money. Reality hits hard when I had to take over commitments that were previously paid for by my parents. Started this year, with RM0 in savings (used to spend my paycheck throughout the month) and now I've decided to get my shit together financially.
1) Current Pay = RM4700 (increment to RM5300 end of June, yay!)
2) Essential expenses = ~RM1300 (rent/utilities/internet) + ~RM1100 (food)
3) Non-essential expenses = RM500-RM700 (petrol/entertainment/etc)
4) Savings AC = RM1300, FD = RM1000, Versa Cash = RM2000, Unit Trust = RM200
How do I proceed from here? Build my emergency funds in my savings AC or Versa Cash? Bet it all on black in Genting? Expand into ETFs (I have not done any research on this)? A guiding hand would be greatly appreciated, thanks in advance!
Been working for 2 years, first year I basically saved nothing and was quite reckless with my money. Reality hits hard when I had to take over commitments that were previously paid for by my parents. Started this year, with RM0 in savings (used to spend my paycheck throughout the month) and now I've decided to get my shit together financially.
1) Current Pay = RM4700 (increment to RM5300 end of June, yay!)
2) Essential expenses = ~RM1300 (rent/utilities/internet) + ~RM1100 (food)
3) Non-essential expenses = RM500-RM700 (petrol/entertainment/etc)
4) Savings AC = RM1300, FD = RM1000, Versa Cash = RM2000, Unit Trust = RM200
How do I proceed from here? Build my emergency funds in my savings AC or Versa Cash? Bet it all on black in Genting? Expand into ETFs (I have not done any research on this)? A guiding hand would be greatly appreciated, thanks in advance!