Hi guys what's your monthly expenses breakdown, and do you consider yourself a spendthrift or thrifty person

monthly fixed expenditure

Car loan - 400
Housing loan - 1200
Study loan - 400
Family Insurance - 1000
HP - 60

monthly variable expenditure
Petrol - 240 ~ 300
Touch n Go - 150 ~200
F&B - ~900
Brother pocket money - 100 ~ 200
Entertainment ~200

Thanks man, that's impressive with 5k per month with wifey and housing loan.

Mind sharing how you break things up?

That comes up to between 4000-8000 per month.

Are you taking any annual holidays and what's your age, thanks!

Just did an assessment the other day and I think it came up to about 7k+ a month for house, car, insurance, and utilities.

Single or family?

Guess can say family. I pay for everything where my wife and I are staying. I cover my parents' utilities and groceries. I cover insurance for me and my brother.

i am 25

Below is roughly the expenses every month for the three of us (married with one newborn). Both of us are working, and we are still young (between 25 and 30). It's quite detailed because we keep track of our expenses every month for over a year already.

Rent: RM800 (single storey terrace house in Seri Kembangan; this will increase to RM900 next year)
Car Loan: RM700 (2014 Proton Preve Exec, which my wife bought before I even knew her, so don't judge me )
Eating Out: RM400 (quite low because we bring lunchbox almost everyday)
Groceries: RM400 (including non-food items like shampoo, tissue, etc.)
Petrol: RM400 (our car's average fuel efficiency is 9.3 l/100km, so this translates to roughly 2100km per month)
Toll: RM100
Clothing/Appliances/Furnitures: RM50 – RM100 (once every 2 – 3 months)
Parking: RM10 (mostly for parking in shopping malls)
Service charge: RM10 (misc charges, such as RM0.53 charged when doing instant transfer)
Giving/Gifts: RM100 – RM150 (occasional donations to charity, buying friends/relatives small gifts, etc.)
Movies: RM30 (we watch one movie every month, and we usually take advantage of promotion from CC)
TNB: RM50 – RM70
Internet: RM187 (Unifi 50mbps)
Phone bill: RM100 (Umobile P70 + Share 20)
Software subscriptions: RM37.99 (Office 365 for my whole family)
Parents: RM1,165 (We give RM250 to each parent, and help my wife's parents pay their Unifi 10mbps bill)
Siblings: RM200 (We give our non-working siblings RM50 each)
Health + Life insurance: RM484
Blow money: RM50 – RM100 (this is my wife's off-budget money)
PTPTN: RM400
Mortgage: RM450++ (partial payment for our undercon apartment)
Child: RM500 – RM700 (newborn; mostly for diapers and nursery)
IWK saving: RM8 (RM25.44 every 3 months)
Auto insurance + road tax saving: RM75 (roughly RM900 every year)
Car maintenance saving: RM170 (for minor service, major service, change battery, and change tyres)
Vacation saving: RM100 – RM150 (we go on a budget vacation every 3 – 4 months)

There are still areas for improvement which we will work on over time:

- Our health and life insurance is overpriced. I'm planning to switch to standalone health insurance + term life insurance, instead of the current whole life insurance with health insurance as riders. We can probably shave RM200 by doing so, and we will be investing the difference.
- Our car loan is quite expensive. Not much we can do but continue paying it. Still 6 years to go. After it is paid off, we will never purchase another new car. We will only purchase second hand car with cash.
- Petrol and toll can be reduced. Currently I travel 70km to and from work everyday. I probably can cut this down by renting near my workplace, or get a remote job.
- Phone bill can be reduced further by RM20 – RM30 by switching to Umobile P38/P48 + P28. Our current plan is overkill, as we usually end up using less than 50% of our quota. However, my wife requires a plan with unlimited call, so Umobile is the cheapest, hence why we're with Umobile.
- PTPTN will be paid off in 6 years. It's under my wife's name, and it's already in CCRIS because she did not pay for it before we got married. It's a good thing because that prevents her from asking me to bring her to vacation overseas.
- We are currently paying for both rent and mortgage partial payment, which sucks. Not much we can do other than suck it up until end of 2018.

This post has been edited by imnotabot: Aug 8 2017, 02:24 PM

Our loan is not huge and cars paid off.

1600 loan.
300 utilities
550 transport fuel etc
1200 food
500 insurance
800 entertainment and life vicissitudes

Parents siblings all richer than me. We are 30. Not big spenders but not scrooges either. We very often dip into our savings pool to treat ourselves. But I've worked out this is what we spend each month to live comfortably.

That works out to about 8k for family of three, not too bad! and thanks for the detailed sharing

You even have 500 insurance monthly covered and only 30. Not bad, I am only starting to plan and I am 35!

So far,

1. single 25yo 4-8k (range abit big, 8k is with variable)
2. family of two 30yo 5k
3. family of three 30yo 8k

IIRC the cost of insurance doesn't differ too much between 30 and 35.

loan housing = rm1500(27 years to go)
utilities = rm50
transportation = rm150
food = rm50 (mostly have in hotel for free)
insurance & investment plan = rm750
entertainment and dating = rm250

This post has been edited by sonic31s: Aug 8 2017, 04:58 PM

currently family with 29yo + 27yo + 1.5yo

1650 for hse loan wt maintenance
255 for hse loan insurance
800 for car loan
150 for car insurance + road tax + services
1300 for parent (baby sit + weekday dinner)
650 for life+medic insurance
1200 saving for travel
40 for TNB
FOC for syabas
700 for food
190 for unifi
400 for petrol
150 for toll
500 for Groceries
10 for both phone prepaid topup (we use wifi in office/home/shopping)
120 for fren birthday celeb
300-400 for personal hobbies collection

wow, total have 8500+
didnt calculate also dunno.
both of us total net salary just 7500
i think i cant survive if i didnt do part time job + yearly bonus

This post has been edited by canu4u: Aug 8 2017, 05:21 PM

3K per month.

Expenses
Part I - Fixed Assets
Housing Insurance B
Maintenance Fee B
Assessment Tax B



Part I Subtotal

Part II - Other
Car Loan
Life Insurance
Medical Insurance
Car Insurance
Car Maintenance
Income Tax
Insurance B

Part II Subtotal

Part III - Personal
Rental
Food
Transportation / Petrol
Toll
Entertainment
Travel / Recreation
Household Supplies
Medical
Dental
Clothing
Fixed Line Phone
Handphone
Broadband
Water
Electricity
Sewerage Treatment
Computer Equipment
Electrical Equipment
Donation / Charities
Education
Stationary
Exercise Equipment / Gym
Parents

Hmm wtv ill share too,
ASB loan- 963
PL- 1135
Car HP 1- 625
Car 1 Insurance/roadtax- 109
Car HP 2- 711
Car 2 Insursnce/roadtax- 208
Lrt- 116
Fuel- 140
Food- 800
Phone/internet- 160
Dry cleaning- 84
Gym- 129
Insurance- 200
Entertainment- 200
Home- foc
Total:5580

Adding home loan in nov- 1600
Single

This post has been edited by Musikl: Aug 8 2017, 05:43 PM

House loan = 1900 (bangi area not sure to regret a bit or not)
Car loan = 550 + 300 (help mother to pay off my late father car)
TouchnGo = 100 (go to work by lrt)
Internet = 200
Bil = 200 ~ 300 (recently got a spike dont know why like half increase)
Credit Card = 500 (if no use then no pay)
Celcom = 100
Oil = 200
Food = 400 ~ 500
Entertainment = 100 ~ 400 (i play game a lot depend if ps have sales or new games)
Travel = 500
Total around = 6000 ~ 7000 per month

No insurance

Married with no child yet
Total salary for both around RM 8000 not include bonus..

but still im looking into other way to gain income..

Age, num of dependency (aka wife, hubby, kids). I will compile

1. single 25yo 4-8k (range abit big, 8k is with variable)
2. family of two 30yo 5k
3. family of three 30yo 8k
4. family of three 29yo 8.5k
5. family of two 6.5k

30 ++, single, management level.

Why u all treat your siblings so nice.

I got 3 elder sis.

ALL FKING LEECHERRRRRRRRRRRRRR