Azwan is a supervisor at a manufacturing company in Shah Alam with a net salary of RM5,650 after deduction of EPF and tax in December 2020. Starting January 2021, due to the impact of Covid-19 on the economy, particularly businesses, the company has decided to deduct 10% of salary from all of their staff including Azwan's. With a 10% pay cut, Azwan is in dilemma and wondering if he can save more money for his retirement since he knows he cannot depend on his EPF savings alone. He has set a goal for 2021; he must have at least 20% extra from his net salary after deducting all his annual expenses. Azwan owns a house where the purchase price was RM200,000 with down payment of 10%, interest rate at 3% and loan period of 30 years. He has 20 years left of loan outstanding. The market value of the house now stood at RM280,000. He lived with his wife who is a homemaker and two children who are both in primary school. His other assets, liabilities and expenses are as follows: (All items are in Ringgit Malaysia) Viva Elite (2019) market value Viva Elite monthly instalment Viva Elite loan balance Household furniture and electrical appliances Motorcycle Yamaha 125ZR market value Motorcycle Yamaha 125ZR monthly instalment Motorcycle Yamaha 125ZR loan balance Hand phones current value 6 Speed City bicycle (Decathlon) bought in December 2021 Investments in Amanah Saham Bumiputera as at 31 Dec 2021 Tabung Haji Account as at 31 Dec 2021 Cash at bank as at 31 Dec 2021 23,365 305 20,955 15,000 11,800 165 4,050 1,000 1,200 5,000 5,000 2,000 Cash in hand as at 31 Dec 2021 500 Utilities TNB due in January 2022 Borrowed money from a friend due in January 2022 300 500 Groceries per month 500 Utility bills per month 350 ASTRO and Netflix per month 150 Children's school needs per month 200 Parents' allowances per month 200 Road tax and insurance for both car and motorcycle - annually 1,095 Transportation expenses per month 200 Coway rental per month 65 Zakat on salaries paid in December 2021 950 Miscellaneous expenses per month 100