u have the brain to make that amount of money, that allows you to save rm4k/month, believe in yourself with some investment

hi, i m single and i saved >100% of my salary coz i hv few properties for rental. my biggest expenses are insurance, food and entertainments eg pub, spa etc which easily can covered by rentals.

more than 100%..sometimes 200%
Do you think IRB is capable of tracing IP address??...

my income is 10k but i spend 11k.how to save?

Hi spoon2272,

Can you share with us what did you spend on?

Thanks ya..

About 40% - 60% every month

Guys. im impress many if you can save that much

lets say 1 person earns rm3k

phone bill - rm150
life insurance rm150
Petrol / toll - rm500
give parents rm500
pay car rm550
savings 20% rm600
total rm2450

Balance rm550

kind a bit tight to be able to save 20%...so how do you guys manage. to take the fact that not paying for any house or house bill here though..?

i invested half of my monthly salary in insurance and unit trust.

0%-25%.....been working for 4 years already and have a saving of 2 months salary. Currently using the extra money to create passive income...

Hope to increase from 2 months salary saving to 3 months salary saving...

threre, you still can save 20%

some people cant even save 10%..

but best go for 30%

those that save above 50% of their net income, can share how they do it? salary too high and less commitment?

50% on average. Expenses are food, about 600, petrol 200, parents 400, others 300 here and there and that's it

7.23% can save 100% that is so gOOd~
does the saving you guys mentioned include the 11% that goes to kwsp?


This post has been edited by jtleon: Mar 6 2011, 01:56 AM

Yeah I can't see any way you can save 100% unless you are an expat and get all your expenses paid. Even if you consider paying off a home loan as savings a certain percentage of that is interest.

I think some people are being a bit silly/dishonest in the poll.

around 35% on average. thinking of moving in with my bf, then i can rent out my apartment and increase my savings

Still trying to save minimun of 30% of my salary..

Live within your means = live frugally; do not upgrade your car - it is a huge liability (depreciation + leasing interest)

Get your money to work for you - passive income

This is a very normal basic married fella/ family expenses... without kids!

phone bill - RM100
electric/ water bill - RM180
internet bill - RM100
astro bill - RM120
House installment - RM1600
car installment - RM900
parents - RM500
wife - RM500
insurance - RM250
petrol - RM400
Touch and go - RM100

how much d??? = RM4750....
how to save???.... have kids?? sigh...

Why give wife RM500? Single income? Then abit susah in Klang Valley unless income is > RM10k

I think you can still save a bit more.

Astrobill - There's no need to watch Astro, or at least subscribe the cheaper package. I dont know what's the cheapest deal as I dont watch Astro/TV. Try do use for free time to do exercise instead of watching TV. Healthier that way, and save on medical cost in the long run.
Phonebill - Try not to use so much mobile phone, or use pre-paid to receive calls or for emergency.
Internet - Go for cheaper package, or at least go for the package you can lump in you local + interstate calls for extra 20 ringgit plus. (Cant remember the exact amount, but it's offered by TM)
Insurance - Buy only what's needed. Buy just enough to cover liabilities and your dependence.
Petrol + touch and go = guess that's for travelling to work. Can find a workplace closer to home? That will be a huge saving.

I personally earned high 5 digits a month, but I spend less that you on phone bill, asto bill, car installment, insurance, petrol, touch and go.