Jackson Yin and Angeline Yin are a loving couple married happily for more than five years. They have one child, Denise Yin, aged 3. Jackson works as a Business Services Manager at a private hospital, while Angeline is an English teacher at an international school in Penang. Jackson's gross salary is RM120,000 per annum or net RM89,289 (after tax and EPF deductions), and Angeline's gross salary is RM65,000 or net RM56,685 (after tax and EPF deductions). Jackson and Angeline were schoolmates and college mates. Being the same age, 35 years old, and from the same educational background, they share similar interests and hobbies. Both of them like shopping and travelling. Once every half-year, they will travel overseas or locally for a holiday. They also love eating out at fancy restaurants. They live in an apartment which they bought five years ago at RM500,000. They paid a down payment of RM50,000 and obtained a housing loan for 35 years. The monthly loan repayment is RM 2,060.52 at an interest rate of 4.25% per annum. Both own a car each, purchased with car loans from local banks at the interest rate of 4% per annum flat. Total car loans taken are RM 162,000 to be repaid over nine years. The monthly car instalment repayment is RM2,040. They usually use credit cards for shopping and keep their balances high, more than RM 20,000 at all times and repay only 10% of the outstanding amount every end of the month. The following is their yearly statement of income and expenses: Jackson's salary (after tax and EPF) Angeline's salary (after tax and EPF) Interest (2% on savings account) Income Interest (4% on fixed deposits) TOTAL Expenses RM89,289 Home upkeep RM2,350 RM56,685 Cars instalments RM24,480 Cars maintenance RM4,800 RM240 Life insurance RM3,000 RM4,800 Eating out RM12,000 Credit card RM21,600 Groceries RM9,600 Travelling RM22,000 Utilities RM4,850 Housing loan repayments RM24,726 Miscellaneous RM21,600 RM151,014 TOTAL Surplus EM151,006 RM8