Thompson's Financial Situation Thompson works in the construction industry and is earning a high income of RM 10,000 a month. Every month his fix expenses are House Loan installment - RM 3000, Car Loan installment - RM 1300, Pocket Money for parents RM 800. He also spends about RM 700 Utilities (electricity, water and internet). He also pays for Cable TV (RM 300 monthly) but seldom watches it. His petrol & toll expenses are about RM 700 monthly. He also spends about RM 1000 on food and luxury. He currently has RM 10,000 unit trust and RM 10,000 in Fixed Deposit where he pays about RM 500 to unit trust & RM 500 to fixed deposit every month. He also pays about RM 500 monthly for credit card installments. He's currently living in a condominium which is worth RM 800,000 and the outstanding loan of RM 650,000. He drives a BMW 3 series, worth RM 180,000 and owes the bank RM 150,000. He also owes the bank on credit card debt of RM 10,000. He currently has Takaful protection of RM 250,000