This is what happen when your monthly commitment is more than your income. Furthermore, extra money from OT hasn't been remitted yet. So I have to get the money from other source to cover from this shortage. Borrow from my family...very unlikely. So borrow again from bank... Haha. That the main cause for deeper hole. You dig there to cover the hole here..
Managing money is not easy as what we see because we don't know the future. Sometimes, our car breakdown, some time electricity got problem and have to fit it. Minor repair, we can DIY. If big we have to call technician. So much money involve.
So far I have to services 2 car loans. One for myself and the other one for my wife. Haha....that's the Problem. The cost about RM 2600 already. Electricity and water bill about RM 200 to 300. Credit card is the most one RM8000. House loan about RM 1200. Lucky buy cheap and small house. If the cost price more than 300k maybe I have to pay RM 3 k per month.
Other thing is buying thing under 0% installment.. Under credit card but I count as separate thing.
Overall I need RM15k per month if I want so settle all within one to two years. Then become free from debts. Financial free!!!!!
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