r/MalaysianPF

It goes without saying that Sis-in-law earns peanuts, and is not the wisest in managing her finances. So she keeps coming to my wife, asking for loans. Sometimes, it got paid (but never without having to remind her about it), and at other times, she 'forgot' about them completely.

When it comes to requesting for loan, she was very polite. But soonest as the money is transferred, not even a thank you! Plays the victim card - posts on her social media about how no one cares/is helping her out, sad basket case.

Maybe she lacks in adab, but what's worrying is how it made my wife feel. To the extend that my wife got stressed out and got moody.

So the question is, should I intervene? e.g. sending her loans, and told her to not ask from her sister anymore? Or is this foolish? The amount she requests are not a lot, like a few hundreds at a time, and at times some RM30 pun pernah, lol.

How would you approach this?

Just curious, how many of you or people around you are still getting financial support from parents even after starting work?

The most common one I see is parents sponsoring overseas trips, but do people still have their living expenses, rent or car covered by parents?

Sometimes I see gen Zs going on multiple oversea trips and buying luxury items, and I wonder how they afford it. Are they earning that much, or are their parents still supporting them financially?

No judgement, just curious how common this is.

I have some leftover cash from my scholarship and I would like to put it in asnb(non bumi btw so i plan on asm 1,2,3). But everytime i try it says rejected code 068 insufficient units

Hi everyone, I’m 19 years old and live with my parents. I receive RM1,320/month from my allowance and part-time job.
I would like to start investing but don’t know where to start. What would you recommend for a beginner?

Hi, I'm currently 18 years old and I'm able to save RM1,000 every month. Yes, this amount is extra cash and not dependent on daily usage like food, car fuel, etc. I recently got my P license (passed my JPJ test) and slowly learning to drive in my local city area. My family and my mom takes care of the food and utility. I live a simple frugal life. No fancy watches, no bullshit.

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I have a KWSP account and have RM50 in there. I signed up for i-Saraan. The question is, should I save in KWSP or purely topup RM2,500 every year for 5 years and then stop (let it grow itself) to get the government incentive of RM500/year?

The problem with KWSP is liquidity. Sure, the dividend is higher than ASB1 (I'm bumiputera); but I'd have to wait till 60 or reach RM1,000,000 which is not possible for me. Even so, I'd reach retirement age and be stuck with only 1 currency (MYR). Who knows what would happen to Malaysia's currency in the future.

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Since I'm still young, I wanted to take risks. As in, not those extremely high volatile risks like Crypto/Bitcoin. I'm not touching that stuff even if I had money to lose.

I'm talking about other currencies. Diversification. Investing in stocks, followed and simplified by ETF. The one I'm focusing on right now is the $VWRA ticker. It's an all world ETF that consists of 60% US and 40% other countries and emerging markets. If US were to underperform, this ETF will redirect to the one that is performing the most. This is a safety. You could invest in a US-focused ETF but that's your choice IF by all means you think that US dollar is superior.

I had recently switched my monthly DCA plan to $VALU which released this year. It's the same with VWRA, but it has small cap companies and less fee compared to the latter.

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You've probably known me before, I've posted countless of times on this sub and you know my usertag already and I'm fine with you knowing. I seem arrogant and annoying, but on behalf of others that are in similar boat as me, I think experiences matter and it would make a good read.

This will be my last post on this sub. After this, I'm going to be gone for a long while to build my portfolio. I might come back if something were to happen or needed a change of plan. The why I'm here is to rethink my approach.

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So let's break it down, I have:

- RM15,000 in ASB1 (Class A, No Zakat)

- $662 (3.43 share) of $VWRA in FSMONE

- $49 (9.7 share) of $VALU in FSMOne (RM500/month RSP plan)

- RM50 in KWSP/EPF (Simpanan Shariah) (i-Saraan, have yet to receive govn incentive)

- 8g of paper gold in GB Gold's Grand Bullion Storage

Tabung Haji and SSPN have been emptied and been put to ASB, hence why I have this amount which isn't impressive considering I'm from a B40 family.

I get to save RM1,000 every month. This is what I went ahead and save with:

- ASB: RM500

- $VWRA: RM300

- Gold DCA: RM200

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The question that I have right now.

I have RM5,000 in spare cash.

1. Should I deposit RM2,500 into KWSP to receive RM500? This is urgent, end of year is coming.

2. Next year (2027), do I lump-sum RM2,500 one-time to get the incentive, and keep saving in KWSP monthly or ignore this to focus on other liquidable assets? I'm applying for TVET next year, so not getting any monthly salary.

3. If I get a job, is it mandatory for auto deduct EPF? I'm not too familiar in this area of expertise so let me know. If this is the case, I'd let that do my EPF savings instead of manually add them.

4. What's my target here? Focus on both, ASB and VALU until I maxed out ~RM300K or hit $10,000 (RM40,800)?

I’m not sure if I’m noticing a trend here with my circle and extended circle of friends and family. Hearing stories or finding out person A,B or C (ranging from the age of 20-40 years old) owing lots of people money or some of them are just broke. They act and live as if they’re not though. I’m just wondering if this is somewhat as common outside of these circles or it’s mere coincidence? Some of the cases are caused by gambling and alcohol which kinda make sense how they end up in that position

When did you start to care less about money and more about the simpler things in life (health, friends, 8 hours of sleep, peaceful weekends)?

Was it after having accumulated a certain amount of money, or perhaps after losing a family member that you wish you had spent more time with, or just growing older and feeling like you haven’t been living your life? Whatever that moment is, feel free to share yours.

I’m at almost RM300k and it feels like I’m more fixated on money than ever before. I am in my mid20s and aspire to retire early (projected before age 38). But I don’t know if it’s worth “sacrificing” the prime years of my life by just working and saving money :(

Me and some of my friends (mid-20s) had this conversation during our lepak session. We’re planning to go on holiday to Langkawi and were thinking of splurging a little on a chartered yacht. Some were against it, saying it’s a waste of money, while others were like, “When tf are we ever going to spend the money we’ve been saving?”

So here’s my question for everyone: where do you draw the line?

I’ve seen many people here say that they live frugally until they reach a certain milestone (e.g. their first RM100k), but once they hit it, the goalpost moves to RM1m, then RM5m, and so on. At some point, does life just become a race to reach the next financial milestone?
What’s the point of building wealth if you never allow yourself to enjoy it? On the other hand, how do you balance enjoying your money now without sabotaging your long-term financial goals?

Curious to hear how you guys approach this. At what point do you think it’s okay to say, “I’ve saved enough, I can afford to enjoy some of this money”?

Foreign expat and lived here for >5 years. Never had an issue with TNG and every month usually put between 2k - 5k through it in transfers to family, paying bills, paying for other stuff, etc.

Last month Face ID stopped working, so now it's basically unusable. Multiple support tickets opened with TNG, but these retards just close the ticket with a comment the issue is resolved.

So what are the best alternatives that allow me to pay in stores using a QR code, and make transfers to pay for things? Can I use Wise to transfer to a store's QR code?

So im currently doing traineeship for 3 month, I want to get a credit card to improve my Credit score as soon as possible and thinking to buy a motorcycle with EPP.

This program give a monthly salary instead allowance ( mean deduct for epf , sosco etc), and have basically 100% extension to permenant rate .

I was thinking about using my parent CC, but feel like a waste to not try improve my credit score.

Hi all,

Looking for advice from anyone with a Maybank conventional home loan. My objective here is to pay off my loan as soon as possible, which i am currently exploring to make an extra payment a year, to hope to clear of my loan faster than usual timeline of 35 years.

I have a few questions:

1. For Maybank conventional housing loans, if I make extra payments through the app, does it automatically reduce principal? Or does it simply go into "Payment in Advance" and get used for future instalments? Currently the amount is parked under payment in advance.
2. Do I need to visit a branch or submit a request to specifically perform a principal reduction? Will Maybank entertain me for such small amount repayment?
3. Has anyone here successfully shortened their loan tenure by making extra payments?