Maybe his take home income is 20k a month.

That 50% for household use is 10k.

Another 10k for saving..

Could be that picture

20-30% sometimes. Single and staying with family.
Car loan takes a big % of my salary

my net income (solo), excluding wife's.
Wife takes care of her own personal costs & i cover family eat out, groceries, fuel, etc.

Home loan still running.
Insurances (death, medical, PA) paid yearly

huh? i saw some fellow forummers hitting >50% & saw some even hitting 60%+ 70%+ either in this thread or Personal Finance thread.
40%+ isn't good enough yet or at least not hitting my "balance" 50 / 50.

BTW, i drive a 20+ year old car
That's one of the ways i cut down on things of low priority to me.

I wish bony, i wish.
my net monthly is 6 figures monthly...
INCLUDING 2 decimals

Other than not keeping up with the Joneses for car, my house is "small"
- my mortgage is less than 15% of my net monthly
+ i brown-bag for work lunch
+ no maid or weekend cleaners (i am the kuli @work & @home hehe)
+ not a travel aficionado but wife is so... a few years once.
ie - in a nutshell, simple life
Tough but do-able because i have some goals to hit for my children's future & options +not eat Alpo in my retirement

I have -ve salary saving cos of my investment returns. Has zero debt until recently when I replaced my 20-yo car. My only worry is my medical card which expires at age 60.

Ahh.. That is the catch - Wife takes care of her own personal cost

Same lo.

I 1 day eat 1.5 meals.
No maid, no cleaners..
Jeans wear 1 week only wash. Clothes wear 2 to 3 days, smelly only wash.
Normal day at home no wear clothes and underwear, only wear short pants.
No travel

Like this is additional saving bro

If she can make her bf pay everything 100%, she had put a lot of "effort " in it. There is no free lunch in this world.

This post has been edited by BboyDora: May 12 2014, 09:39 AM

but, there ARE bf as silly as that, I met countless

My record, i only wash my jeans after 6 mths LOL!
unless there some stains on it... i dont like to wear newly washed jeans..

i tot i'm very fragile enough, but u guys....
i cut till dunno where to cut dy my expenses... lol

Oh man... I guess Im suck with finances then.

I'm married, with 2 kids. Wife working, financial independent. I save nothing, despite no housing loan nor car loan. If Im lucky, then I wont go into red by year end.

Mobile - RM200 (including wife)
Monthly Allowance to mom - RM500
Babysit to mom - RM700
Kindergarten - RM180
FM and diapers - RM500
Broadband - RM84 (50% discount)

I think I waste around RM200-300 per month on 4D occasionally.

6 mths?

Dam... Ur butt no itchy?

You wear often? I rarely wear jean which is why I only had 1 or 2 at most. So I wont bother washing at all unless its CNY where I will be wearing them for a week continuously. Its an annual event for me when it comes to jean.

other place itchy got la lol
but normally a month or two then wash dy...

Wear on weekends most of the time...
seldom wash cos most of the time in aircon, so still ok...
unless outdoor activities then no choice..

Dam...

Had u got a day where u are farting a lot.. Ur jeans will get stained with that kind of smelly fart smell.
If that happened, u still will wear until 1 to 2 mths only wash?
Hahaha

Too extreme way of saving.. Haha.
Washing too frequent also use a lot of $$$, considered the water and the electricity.. Ironing also use a lot of electricity.

Can cut down this, can save a lot.

I used to save a lot.
My salary + property investment can cover monthly expense.

But bukan semua hari cerah. My son discovered some kind of mental development program, it not covered in any insurance.

Now if i earn more, all money channel to my son therapy.

But everyone should have at least 6 months to 1 year saving to cover for daily consumption + bills.

i have manage my finances on a simple weightage 6:3:1 of monthly net pay received.

meaning,
6/10 for expenses incl fixed loan, parental etc etc;
3/10 for saving; and
1/10 for protection (insurance/medical card premium).

so far so good based on above weightage as i do believe in balance work/play to be mentally healthy for this long work life.

This post has been edited by vincentwmh: May 12 2014, 11:07 AM

there will be always perfume to save the day
just spray spray here and there.. settle hahaha

of cos if feel uncomfortable dy then wash lo LOL

I am saving about 40% per month..

Still not satisfied enough because i think my salary is still quite low in the market..

Also doing extra income things.