A lot of the replies here have taken in the consideration that everything you buy or plan to buy (i.e. a house, car, household expenses) can/will be funded by bank loans and borrowings. Obviously if you want to be indebted past your retirement age then I agree that income under 10k is sufficient. For below 10k you can pay alot instalment off (like what some of the thread replier say, even possible to put 2 story house and 2 cars on instalment). Alot of younger generation do not realise that this could put them in a vicious cycle and living in constant insecurity. Jobs can be taken away, house can burn down, unexpected high expenditure can arise (emergency operations as an example)... too many unexpected circumstances can throw off a person's ability to repay their monthly debt.

I based my previous post on earning salary to support your expenditure and have savings for your future generation. I did not base my post on earning a decent salary and put everything else you need to buy on credit. Certain parts of the world has hit credit crisis issue - alot of debt payers simply cannot afford to repay their borrowings! I'm sure this is happening in Malaysia too, if you notice the cases where Ah Longs pay people a visit. Readers please do not fall into a credit trap! I suggest people to log in their "real" spending each month, i.e. things you buy this month is considered this month's expenditure and not when you pay for your credit statement next month!

This post has been edited by nonexno: Mar 19 2008, 05:58 PM

my friend earn RM5k per month, he can save a lot....almost 3K per month....I don't think nowadays working people can save RM3K per month...

he stay at government flat...every month only RM50 for the rental...he use motorbike to go to office....no toll no parking...He got girl friend...also staying at government flat...

Just a comment to TS. If i am a gal, i definite would not consider How much the guy EARN? I would more interested how much would the guy SAVE & SAVED!!WOw, a guy earning 10k bla bla sound interesting but how much the guy will have in the bank saving?how much commitment that the guy still have to pay?Open a big eye to actor, footballer which earning how many pounds per week & yet they brankupt or own a huge debt of bettting, cars & etc.....

Secondly, i would not reckon to have to much commitment at once. If i have a car to loan, i would not rush to loan a house. How would you imagine if u have too much comitment at once, car loan, buy house, renovation house, marriage & etc. Dont ever hook into buy house & the next year get married. Unless u have a rich supporter behind ur financial aids.....

for my case... my education is fully paid by my parents... i drive my parent's car to work... in return i maintain the car and give them additional RM300 a month for household expenses and i pay for the internet...

i bought a condo in late 2006 with my gf... so am i considered having a rich supported?

TS run away already.. maybe she felt ashamed of her realistic personality..

by the time u got 5k salary, u already finish your car loan
don't tell me u can't save 1k? i mean u could have a luxurious life

he got bmw 5 series le ... sierramas house le ... hahahaha TS whereu gone

Darn, guys, just be rational. HOW MUCH YOU EARN is relative to each and every individual. This topic started at 10k per month? Whoa..thats a lot. 10k per month is really really alot dei...You can do alot with 10k. Have a friend who is married, both husband and wife totaled up only 5k, can own a condo and a car. 10k not enuf? In Kuala Terennganu if you have 6k still modest arh? You guys sure are big spender...

Hey gal I'm back! Modem burnt out last few days after the horrible thunderstorm... and I had my wisdom tooth surgery this morning, now replying thread with my mouth full of bloody stinko smell pain pain...

I'm not goin to do anything with my bf just the curiousity drives me to check this out. I kept telling him he's doin quite well but he seems like always telling me tat his frens r much better than him sound like he's not so comfortable with his current pay.

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Added on March 20, 2008, 4:23 pm

Yes he's driving BMW 3series and only living in a condo in bt jalil... but the loan has finished adi, thank god!

According to the kenji's reply, he/she really voiced out why I said 10k isn't tat enuf for good life in city. And I shall revive my bf's mthly expendicture over here:
insurance - 300 (for fire)
petrol and toll - 600 (client's office in Cyber Jaya)
household bills - 450
food - 400 (RM8 per meal, 2-3 meals a day)
weekends - 600
parents - 2000
Socso, EPF and tax - 1500
Total abt 6k gone...

This post has been edited by Greybear: Mar 20 2008, 04:29 PM

removed..............

This post has been edited by yvliew: Mar 20 2008, 06:48 PM

wah...ur boy friend drive BMW 3series ar? new car or second hand? what is your boy friend's job?? how old is he?

Yes 2nd hand about 130K 2years ago. 30yrs old this year and working in consultant workforce for an US company.

and wheres the other 4k ?

Yes he's driving BMW 3series and only living in a condo in bt jalil... but the loan has finished adi, thank god!

According to the kenji's reply, he/she really voiced out why I said 10k isn't tat enuf for good life in city. And I shall revive my bf's mthly expendicture over here:
insurance - 300 (for fire)
petrol and toll - 600 (client's office in Cyber Jaya)
household bills - 450
food - 400 (RM8 per meal, 2-3 meals a day)
weekends - 600
parents - 2000
Socso, EPF and tax - 1500
Total abt 6k gone...

So overall ur bf saving Rm4k. In percentage he is saving 40% of its gross income & is already achieve financial rule of thumbs. I presume ur bf is having a luxurious of life seing on weekends only spending of RM600 ....all this not included ur income of 6k......
So TS i dont see any problem will occur as ur bf car & house loan is alrady settle.
Hence TS dont wait anymore, just get married to ur bf.

At the current situation, it seems that TS should have a comfortable life if the income increases over time. By the time one hits 40, the minimum income should be at least 15k.

Having a family requires one to be financially stable. My family's household expenses are already about Rm15k a month. City living isn't cheap. Rm10k/month at 30 is above average. Don't worry But of course don't slow down.

Hi allornothing, thanks for your kind reply. You sound like more understanding my situation than others (sorry no offense to others' replies in this thread). Yeah living in a city is not an easy thing, especially if I wanted to maintain my current living standard even after married. Yeah he's not slowing down anyhow but always hoping for improvement he's aiming his promotion end of this year after he completed his credit hours working in consulating workforce, waiting to be promoted to the manager level and getting RM15k (allowances included) a mth is not a prob after all.

Well from my side, of coz I won't directly let go all my tuition classes(which gv me 6.5k income a mth) right after married, will continuing teaching until I conceived. Hope can save more money b4 stopping and definitely will back to tutoring life after my baby grown up to 2-3years old wish tat I've planned well what do u guys/gals think?

Wow, seeing from your reply, I bet your bf is living in high society.

Well, I prefer to spend less and make use whatever in front of me. No matter how much my home pay every month, it will never enough if I don't spend wisely.

So eating out cost you RM8 per meal ? Mine is never exceed RM4-6 for a typical nasi bungkus even sometimes I was charged RM2 with plain water. (FYI I'm working in Bkt Jalil)

Probably lavish is the right description for both of you.

This post has been edited by igor_is300: Mar 21 2008, 12:05 AM

wow ..

don't let up any income u can get currently
when u conceived around 5 months, many things u can't do, even with baby, teaching tuition also bothering much

greybear is bloody high maintenance, status conscious, have a bloody high societal standards to boot.

pity ur bf,,,