my first four months of housemanship period in Medical department.
    it was , really , really tough.
    a times , only 3 people working in a day , with Post-night , Night and PM shifts
    respectively. Then then post-night HO was called to assist  in clinic , leaving
   on 2 people running a 40 people full ward.
   at night , only one HO per shift to take coming morning bloods for 40 people ,
   not to forget to attend patients in collapse .
  
   working in hospital at own place is tough too.
   patients are the people that you know closely.
   i have mother of a friend passed away , father of a friend admitted to CCU ,
   doing CPR for a school teacher's husband etc.

   I almost quit housemanship during my first 3-4 weeks in this department ,
   in view of the insane workload and the politics of course.
   the only thing stopping me from sending my resignation letter is my
   10 years bond with the government.

   still searching  my area of interest in this profession.

  but anyway , managed to survive my first posting as a houseman.

    reading books regarding finance then extracting important point
    and make a downloadable and printable copy for my
    future reference.

10-10-80 Rule



 2015 revised 10 10 80 rule

 2015 second revision.
 recalculated budget for income tax


income statement and cashflow quadrant








   assuming nett salary of RM4000 per month :

   10-10-80 Rule
    - 10% @ RM400 for savings
    - 10% @ RM400 for charity , parents etc
    - 80% @ RM3200 for expenses.
        - 30% @ RM 1200 for mortgage
        - 15% @ RM 600 for car loan
        - 35% @ RM1400 for others

   not more than 50% of salary should be spent for loans.
    - 30% for mortgage
    - 20 % for non-mortgage loans e.g / car loan , personal loans etc

  taking 15% @ RM600 for car loan :
   - petrol : RM200 / month
   - insurance / road tax : RM70/month ( assuming RM800 per year )
   - car loan repayment : RM330 / month

  with RM330 remaining per month ( toll & parking not included though ) ,
  the only affordable car is
  RM25k car ( RM340 monthly , RM2500 D.P , 7 years at 3.85% interest )
  RM30k car ( RM340 monthly , RM3000 D.P , 9 years at 3.85% interest )

 with price range of RM25-30k car , some options available are
 new car : Perodua Axia G 1.0 , Proton Saga FLX
 used car : 2008 Proton Persona , 2012 MyVi , 2008 Honda City


housemanship.
I see the popular choice of car among my HO friends are
Honda City / Honda Jazz.
assuming the average price for these cars are RM80k ,

Honda City 1.5L / Jazz 1.5L 2015
RM72k loan , RM8k DP , 3.85% for 9 years = RM900 monthly.

i wonder how much they could save each month paying
this much amount monthly.
I'd rather buy cheaper new car / second hand car , and save
more with the extra money.

e.g / second hand 2012 Proton Inspira 2.0L  / Toyota Vios " Dugong "
        RM45k , RM4500 DP , 3.85% for 5 years = RM800 monthly
        but I will not have to spend a penny anymore after 5 years
        when the loan term ended.

        continue to save RM800 monthly for another 4 years ,
        RM800 x 48months = RM38400
        with RM38k , i can use it as a downpayment for
        a house worth RM300k , while the guy with th
        brand new Honda Jazz / City is still struggling to
        finish his 9 years car loan term.

        i can even save more if I buy RM20k car or below ,
        like a second hand Myvi or Perodua Kelisa.

   
   still asking around and doing research for my first car to
   purchase anyway.