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 What's your monthly expenses

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ryan18
post Jun 30 2018, 09:34 AM

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Expense is 85-88% of nett salary( 32% is for rent, 13% for insurance premium,remaining is for handphone bill,food,transport,entertainment and shopping)
Savings is 12-15% of nett salary
Also estimated another 3% from other sources of income such as voucher selling,dividend,cashback and also survey income

This post has been edited by ryan18: Jun 30 2018, 09:37 AM
kimiaomiao
post Jun 30 2018, 10:21 AM

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Interesting hmm.gif

This post has been edited by kimiaomiao: Mar 11 2020, 09:09 PM
bearbearwong
post Jun 30 2018, 12:47 PM

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QUOTE(55665566 @ Jun 30 2018, 09:27 AM)
Acceptable, consider a family income with 2 housing loan to serve.
Quite frugal I would say, especially food, car and utilities.
*
true this is going to run quite long term at least another 10 years to come

so work hard, and save more..
bearbearwong
post Jun 30 2018, 12:50 PM

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tough thou.. but for me big tickets are paid off housing DP, renovation, appliances, furniture, marriage, baby , weeding, all pass di..

now plan to save and invest

if u keep going like this.. u will be tired and worn out... 4 years to 5 you would want to opt for a rest on non commitments

This post has been edited by bearbearwong: Mar 13 2020, 01:26 AM
kimiaomiao
post Jun 30 2018, 01:28 PM

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QUOTE(bearbearwong @ Jun 30 2018, 12:50 PM)
tough thou.. but for me big tickets are paid off housing DP, renovation, appliances, furniture, marriage, baby , weeding, all pass di..

now plan to save and invest

if u keep going like this.. u will be tired and worn out... 4 years to 5 you would want to opt for a rest on non commitments
*
Very true.. feeling quite worn out nowadays. Just want to get over with the renovation and start back my savings + Investments initiatives rclxub.gif

This post has been edited by kimiaomiao: Jun 30 2018, 01:28 PM
abu.shofwan
post Jun 30 2018, 04:10 PM

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Living in Qatar at the moment - on single status

Rent QR 2700 (inclusive of water, elect, and internet)
Petrol QR 400 - 500
Food QR 400
Groceries QR 500 - 600
Telcos QR 150

No loans to service (thankfully, paid off my house last year in Sept)

But that is outside of my family expenses back home, 6 people, of which food and groceries, then my children's education take quite a big lump (due to therapies for my eldest, and other extra school activities) - say 10k

The rest of my salary go into saving
bearbearwong
post Jul 3 2018, 12:23 AM

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QUOTE(kimiaomiao @ Jun 30 2018, 01:28 PM)
Very true.. feeling quite worn out nowadays. Just want to get over with the renovation and start back my savings + Investments initiatives rclxub.gif
*
worn out is very tiring.. and u feel like how to pass like this forever, when i can have quite and peace life and enjoy what i wanted to do etc...

that is when u see other's life and jealous and wonder it is just a choice in life
meonkutu11
post Jul 3 2018, 01:21 PM

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QUOTE(abu.shofwan @ Jun 30 2018, 04:10 PM)
Living in Qatar at the moment - on single status

Rent QR 2700 (inclusive of water, elect, and internet)
Petrol QR 400 - 500
Food QR 400
Groceries QR 500 - 600
Telcos QR 150

No loans to service (thankfully, paid off my house last year in Sept)

But that is outside of my family expenses back home, 6 people, of which food and groceries, then my children's education take quite a big lump (due to therapies for my eldest, and other extra school activities) - say 10k

The rest of my salary go into saving
*
Bro, are you on rotation?

How much expenses in term of % your family use every month in Malaysia?

abu.shofwan
post Jul 3 2018, 07:11 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 01:21 PM)
Bro, are you on rotation?

How much expenses in term of % your family use every month in Malaysia?
*
On a 12w on 2w off schedule (adjustable based on request/site conditions)

On schedule "vacation" come with free tickets, but no salary during the off days.

Family expenses back home take up to 45.0% if I am off, when it's a bigger burden.

But maybe a more accurate representation in this case is to take the ratio between expenses and income for a compete rotation schedule. In which case, the figure is more manageable at 38%.

All in all, I think I save 20-40% per month...
langstrasse
post Jul 3 2018, 07:56 PM

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QUOTE(abu.shofwan @ Jul 3 2018, 07:11 PM)
On a 12w on 2w off schedule (adjustable based on request/site conditions)

On schedule "vacation" come with free tickets, but no salary during the off days.

Family expenses back home take up to 45.0% if I am off, when it's a bigger burden.

But maybe a more accurate representation in this case is to take the ratio between expenses and income for a compete rotation schedule. In which case, the figure is more manageable at 38%.

All in all, I think I save 20-40% per month...
*
This is off topic, but 12w on 2w off is a freaking challenging rotation schedule !

I have no idea how you keep sane, but kudos and all the best !
abu.shofwan
post Jul 3 2018, 08:43 PM

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QUOTE(langstrasse @ Jul 3 2018, 07:56 PM)
This is off topic, but 12w on 2w off is a freaking challenging rotation schedule !

I have no idea how you keep sane, but kudos and all the best !
*
Thanks...

When you're out of work, even 12-2 looks easy...

That said, once you go through with it, you start logging for 28-28...

But at least my rotation is onshore only. And the pay iz good.

Alhamdulillaah.
meonkutu11
post Jul 3 2018, 10:08 PM

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QUOTE(abu.shofwan @ Jul 3 2018, 07:11 PM)
On a 12w on 2w off schedule (adjustable based on request/site conditions)

On schedule "vacation" come with free tickets, but no salary during the off days.

Family expenses back home take up to 45.0% if I am off, when it's a bigger burden.

But maybe a more accurate representation in this case is to take the ratio between expenses and income for a compete rotation schedule. In which case, the figure is more manageable at 38%.

All in all, I think I save 20-40% per month...
*
Thanks for sharing bro. Good saving rate, keep it up.

On rotation, sometimes traveling days will eat your offdays, if not long distance, should be OK.

Some of my crews spend around 2-3days to get to the rig and again 2-3days from rig to their home.


deity01
post Jul 4 2018, 04:27 PM

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QUOTE(kimiaomiao @ Jun 30 2018, 10:21 AM)
Single, 26F, one immediate dependent
Housing loan 2800
Car loan nil (2nd hand car cash)
Ptptn nil (waived)
Personal loan nil

Food 300+
Groceries 100

Toll n parking 350
Fuel 200+
Auto upgrades 100
Auto maintenance 150
Auto insurance 50

Beauty package 350
Personal care 225+
Clothing 100+
Fun money 100+
Gift 125+
New phone 350+
Other luxury's 350+
Non claimable medical 50+
Vacation 200+

Housing improvement 200+ (big ticket items not yet actualised)
Maintenance fees 350
Household supplies 25+
Other home n room rentals 1800 (need to kill this ASAP)
Utility (internet,phone, electric,TV)  400
Mom allowance 1000
Mom insurance 400
Life insurance 100
Medical insurance 250
PRS 125

Not much long term savings or investments since past two years-most are temporary savings for upcoming huge one time costs (new house renovation, non claimable medical). Heavily indebted to immediate family member.
*
hmmm...I learn new term today...Mom allowance cool2.gif
cheefai7
post Jul 6 2018, 09:28 AM

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Sir, you are doing well, because you manage it meticulously and put every ringgit with purpose. Right mind set to not to get into debt further, but its better if you could shed it, for example to sell your car and get a cheaper one in cash, with all the savings to repay PTPTN earlier. Once you did that, you will have better breathing space.

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furuku89
post Jul 10 2018, 02:27 AM

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Single, 29M, Financial Adviser

House1 2060
House2 2600 (rent out @ 1300 only)
Maintenance house1 300
Maintenance house2 300
Car1 2269
Car2 1175 (currently dad driving so he pay)
Insurance 600
Credit card 4000 (inclusive of all installment plan)
Food 2000-3000
Parents 1000
Prs 250
Entertainment 1000-2000
Utility 800
Shopping 0-3000 (depending on pay)
Petrol 600
TNG 200
Personal assistant 2000-6000 (depending on my workload)
House renovation 0-10000 (recently renovating house, dont dare to take extra loans)

Almost everyday work like dog just to cover commitment, sometimes have saving sometimes no

This post has been edited by furuku89: Jul 10 2018, 01:21 PM
ketupatlazat
post Jul 10 2018, 08:07 AM

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QUOTE(furuku89 @ Jul 10 2018, 02:27 AM)
Single, 29M, Financial Adviser

House1 2060
House2 2600 (rent out @ 1300 only)
Maintenance house1 300
Maintenance house2 300
Car1 2269
Car2 1175 (currently dad driving so he pay)
Insurance 600
Credit card 4000 (inclusive of all installment plan)
Food 2000-3000 (sometimes i treat my client eat)
Parents 1000
Prs 250
Entertainment 1000-2000
Unifi 800
Shopping 0-3000 (depending on pay)
Petrol 600
TNG 200
Personal assistant 2000-6000 (depending on my workload)
House renovation 0-10000 (recently renovating house, dont dare to take extra loans)

Almost everyday work like dog just to cover commitment, sometimes have saving sometimes no
*
hmm you seem to be jumbling up your personal and business expenses. would be a good idea to separate these two accounts
mephyll
post Jul 10 2018, 09:48 AM

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QUOTE(furuku89 @ Jul 10 2018, 02:27 AM)
Single, 29M, Financial Adviser

House1 2060
House2 2600 (rent out @ 1300 only)
Maintenance house1 300
Maintenance house2 300
Car1 2269
Car2 1175 (currently dad driving so he pay)
Insurance 600
Credit card 4000 (inclusive of all installment plan)
Food 2000-3000 (sometimes i treat my client eat)
Parents 1000
Prs 250
Entertainment 1000-2000
Unifi 800
Shopping 0-3000 (depending on pay)
Petrol 600
TNG 200
Personal assistant 2000-6000 (depending on my workload)
House renovation 0-10000 (recently renovating house, dont dare to take extra loans)

Almost everyday work like dog just to cover commitment, sometimes have saving sometimes no
*
insurance 600?
unifi 800?
credit card 4000 per month?

this 3 sounds crazy for me....
dyifa
post Jul 10 2018, 10:04 AM

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Single

House Loan : 39%
Maintenance : 4%
Car Loan : 11%
Insurance : 11%
Car Ins & Rd tax : 1%
Utilities : 1%
Phone bill : 1%
Car maintenance : 2%
Medicine : 1%
Fuel & tolls : 4%
Food + Others : 13%

Am I spending too much on house loan and insurance?

This post has been edited by dyifa: Jul 10 2018, 10:06 AM
dyifa
post Jul 10 2018, 10:21 AM

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QUOTE(furuku89 @ Jul 10 2018, 02:27 AM)
Single, 29M, Financial Adviser

House1 2060
House2 2600 (rent out @ 1300 only)
Maintenance house1 300
Maintenance house2 300
Car1 2269
Car2 1175 (currently dad driving so he pay)
Insurance 600
Credit card 4000 (inclusive of all installment plan)
Food 2000-3000 (sometimes i treat my client eat)
Parents 1000
Prs 250
Entertainment 1000-2000
Unifi 800
Shopping 0-3000 (depending on pay)
Petrol 600
TNG 200
Personal assistant 2000-6000 (depending on my workload)
House renovation 0-10000 (recently renovating house, dont dare to take extra loans)

Almost everyday work like dog just to cover commitment, sometimes have saving sometimes no
*
I tot most financial advisor would advise ppl not to owe credit cards?
furuku89
post Jul 10 2018, 12:26 PM

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QUOTE(mephyll @ Jul 10 2018, 09:48 AM)
insurance 600?
unifi 800?
credit card 4000 per month?

this 3 sounds crazy for me....
*
Sorry rectify from unifi 800 to utility

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