By Sakini Mohd Said
KUALA LUMPUR (Bernama) -- I recently discussed with my friend Maya what life was like after making the major decision of buying a house.
Maya, now in her 30s, had bought a two-storey terrace house in Rawang and was feeling rather accomplished. It was, after all, one of the biggest purchases a person could make in their lifetime.
She was initially excited by the prospect of decorating her new home, but reality soon set in.
After a year of owning her own home, Maya was finding it more and more difficult to contribute to her monthly savings. There was always something that needed to be paid for or bought. In fact, even her savings account was becoming depleted.
"The house's monthly repayment is already over RM1,000, and then there is the car loan and the cost of commute to work in KL. With a salary of RM3,000 and other expenses to take care of, how much is left? Definitely not enough for saving,? she lamented.....