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 What's your monthly expenses

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cfkoon
post Jul 30 2018, 03:17 PM

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QUOTE(Ramjade @ Jul 30 2018, 11:06 AM)
Be frugal.
KV use umobile cukup. RM30/month with 7.5GB Internet,  free 30 min talks. And I am not even in KV.

Car get 2nd hand car. In the range of RM10k can get already. Who asks one to buy super fuel Sucking car?  Kancil,  kelisa  viva, axia are all super fuel saving car. Siapa ask to buy Honda or Toyota first hand. Even if buy a brand new 1st hand car. Buying big car only only cause misery.
1) higher petrol
2) higher taxes
3) higher price
Small car RM30/month cukup. I am living proof as my car only use RM30/month.

Breakfast drink fruit/vege juice eat drink oats. Super filling and healthy. Makan just pack your own food. Scramble egg/tuna in wholemeal bread. Makan also makan at economy rice stall. I pack my own lunch and dinner to work. RM300 for my makan which include groceries.

Do you even need pocket money? I don't. My excess goes into my savings/investment chest. I don't need anymore savings as I have already build up my emergency savings and they can last for min 2 years worth of expenses.

CNY only once a year.  If you have saved enough,  CNY won't be big issue.

Clubbing is ownself find fault. Easily can burn RM200 there. All alcohols and why should I burn money to prison myself slowly when the money burned for clubbing can be used to buy healthier food or make more money. Is clubbing really needed? 

This time of day, you don't need movie nights out. If you need movies night out,  how much do you spend?  I only pay for parking + fuel + movie ticket. That's it. About RM10 total.  Nothing more. No popcorn, no pepsi/coke. Again I am not paying money to prison myself.

My income tax and EPF is already deducted from my salary. Have no say in it. But what I do is make sure to claim back what is mine. Make sure my income tax is lowered hence claim some money back from govt. So many legal ways to reduce income tax.

Do you need yearly medical checkup? If you go clubbing, poisoning one with Malaysian food, then yes. If you choose to go for min 70% fruits and vege diet, then not needed. Majority of medical conditions in malaysia can be prevented by change in lifestyle and spending. Diabetes, hypertension,  stroke, heart attack kidney problems are all a result of poor healthy lifestyle.

Again is that overseas trip really important?  Can you survive if you never go for one? Is been years since I actually go on a trip. Imagine if you can save RM3k/trip. For 10years you don't go,  there's already RM30k saved up.

If you have no money, there's no need to act like you are rich. If you are rich, do you need to scale your lifestyle up and give in to lifestyle inflation? Lifestyle inflation (the desire to spend more with increasing salary)  is what's trapping middle class people. If salary naik, you think other things won't naik? Come back to square one.

You don't need high salary. You just need to know how to save and be frugal. Cutting out things from one's lifestyle is hard as it requires sacrifice. Not many people can sacrifice things. You don't get something if you don't give up something.
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Right attitude towards frugality and savings for the future.

But abit extreme on some of the things. Feels abit miserable to want to save on every single thing.

Medical checkup should be a priority. No one can predict the human body even if you eat healthy everyday.

For trips , if you are the kind of person who don't derive enjoyment from going holidays, yeah sure just skip it. However in life, trips are one of the life's enjoyment, it allows you to experience other's culture n lifestyle. The advice should be to holiday based on your budget. Fly during non-peak season, stay airbnb or travel lodges, go with friends and share expenses. Travel is much cheaper these days.

At the end of the day, money is just money. Your life isnt just to work, save then die. Its work, save, enjoy, live.
cfkoon
post Jul 30 2018, 03:17 PM

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double post.

This post has been edited by cfkoon: Jul 30 2018, 03:19 PM
cfkoon
post Jul 31 2018, 12:07 PM

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Expenses

Car Loan - 6.3k/month
Food - 2k/month
Personal expense - 2k/month
Petrol - Free
Travel - 2k/month (average)
Insurance - None, actually need but lazy to get so far
Housing - Stay with mum , house paid up
Married - About to? no kids

For discussions.

cfkoon
post Aug 2 2018, 11:24 AM

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QUOTE(razorknight @ Aug 1 2018, 10:45 PM)
thank you for bringing this thread back to its topic on monthly expenses.... got a few clowns post got this thread side track liao....

what they post??  pretending to be rich tycoon and sharing how to pass their wealth to their children...go create another topic on the matter la...

Thier way of passing their wealth also so a joke and adopt a corporate like manner by setting up trust funds, setting up joint name accounts and etc....

they just want to show their children how much they are able to get if they be a good boy n listen to papa's instruction.... if u dun listen to papa's words , u dun get a single cent....

the topic for this thread is on monthly expenses not berlagak ada gaya by telling people u have so much money and wealth until one can use all these routes to hold your own children down.....

if u dun wan to pass ur wealth to ur own children then just donate it out to charity ....

but cakap until like they have so much wealth that they need to ajar their children how to use and manage daddys wealth .....

to give training to own children on how to handle daddy's wealth by share account and setting up trust is just an excuse and is a result of a parents for being unable to teach their own children financially sound when they growing up.... 

since when running a family became a corporate system.... "see its written son A gets 35% of daddy's company share while daughter B only get 20% but daddy not yet die so still can change wan... if u dun listen to daddy's words, daddy can give u 0% while the rest goes to your uncle tom"...... really some joke and nothing to do with topic tittle also.....
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so much anger.

even if you go back to expenses topic, it will inevitably be dragged towards another sub topic.

well its good money management, nothing's wrong in planning for your children's future wellbeing. there's always something to learn.
cfkoon
post Sep 3 2018, 11:15 AM

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QUOTE(razorknight @ Aug 3 2018, 03:01 PM)
Can breakdown ur monthly expenses ?

Whats your monthly expenses?? as per the thread title!!!
πŸ€”πŸ€”πŸ€”πŸ€”πŸ€”
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someone's just obsessed about knowing others monthly expenses. the forum is obviously intended for people to discuss more on their personal finance and expenses but instead you act up like a little kid. not even the TS but make so much noise doh.gif
cfkoon
post Sep 4 2018, 10:48 AM

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QUOTE(razorknight @ Sep 3 2018, 11:32 AM)
The above statement totally pointless, useless, not constructive and not relevant to the topic tittle also....Normally small kids posting is like this lor....totally no point punya...... only only how to type words and make noise without valid points....

What is the tittle for this topic ??? It reads "What's your monthly expenses" 

Post here only when u have something to contribute to this tittle, else state a new topic / tittle as per your wish...
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Haha very imaginative comeback indeed. I've seen you making noise with more than a "few" comments like this that totally did not contribute to this title topic and without valid points - instead sounding out others for their comments.

Back to harping on the title, don't be so shallow minded la - the title is suppose to spur other topics relating to monthly expenses - on how people manage their expenses, how they plan their income etc. Just because the topic of conversation don't suit you , you want others to talk about something you like? Narcissistic little prick you are.

So before you start sounding others, learn to shut up first?

With regard to the will topic, others are interested they want to know more - they ask. If the topic steered too far, why not kindly ask others to start a new thread and steer topic back to title. Instead of rambling like some low class lunatic.
cfkoon
post Sep 4 2018, 10:56 AM

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QUOTE(yoonyin @ Sep 4 2018, 10:35 AM)
Just sharing. Currently loaded with all the housing loan and breathless! Hope my 1st house can sell out ASAP.

House 1 = 2.4k
House 2 = 2.9k
House 1 maintenance = 250
Utilities = 120
Insurance = 250 (personal) + 200 (Child) + 200 (House MLTA insurance) + 100 (parent)
Childcare = 900
For parent = 500
Transportation fare = 500
Monthly groceries = 150
Food & Beverage (spend on weekend only, weekday covered by parent homecook) =  250
Hotlink prepaid = 35

Total = around 8.5k (FIXED)

Currently no saving, only got a fixed deposit in my bank that annually can give me extra 4k. Other expenses will shared by my wife, like baby formula milk, dryper, car petrol, so not listed in to my expenses.
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Indeed does sound very tight monthly. Unless you earn about 10k per month but after EPF/Tax prob also 8.5k a month. So unless you can make a tidy profit off the sale of your house, dont think investment in real estate is the right strategy (at least not for you now)
cfkoon
post Sep 4 2018, 11:43 AM

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QUOTE(razorknight @ Sep 4 2018, 11:18 AM)
Whats your point for the above post??? perhaps you should learn to shut up and do more reading than posting pointless statements.....

The topic reads "What's your monthly expenses" ..... you got anything to contribute?

What is the point of asking ppl to shut up when you do not practice it yourself ??? if you also don't practice your own statement then you think other will listen to you??

But then again, if you are low life creature you won't know what is wrong or right also....
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Lol if you want to argue, maybe stop trying to copy words from me? Cause it makes me feel that I'm talking to a parrot or a small kid.

My statement is not asking people to shut up, dear friend. My statement is asking you to stop harassing others on their topic and asking people to "stick to title" yeah. Try to read properly before making pointless statements yeah (oh i'm practicing your statement here, you must feel so proud hahaha).

Also I contributed a few pages back , feel free to browse yeah. Save yourself some face and stop arguing with me. rclxs0.gif
cfkoon
post Sep 4 2018, 11:51 AM

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QUOTE(victorian @ Sep 4 2018, 11:31 AM)
Why don’t you tell us how far is your workplace and how you arrive to this figure. This would clear things up
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Why not just work back based on his spending, can determine easily.

Rm 30 @ RM 2.20/litre RON 95 fuel = 13.6 litre of fuel

Using the top five most efficient car standards https://www.zigwheels.my/car-feature-storie...ars-of-malaysia
lets just use an average of maybe 18kmpl (i doubt kancil with no aircond can beat a new efficient proton iriz)

So 18kmpl x 13.6 litre = 245 km.

So lets divide that over a 20 work day per month (assume he don't go out on weekends) = 12 km per day (~6km per day for to and fro)

There so you guys got an answer, i.e he works very close to this workplace.

cfkoon
post Sep 4 2018, 11:57 AM

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QUOTE(razorknight @ Sep 4 2018, 11:53 AM)
The topic reads "What's your monthly expenses" ..... you got anything to contribute?

if not, shut up and let others do.....keep your childish opinion to yourself.....

So far you have not contributed anything fruitful at all to this topic while others have....
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I literally just wrote something to contribute to this thread. And also a few other replies back to other people. Your last 3 "contribution" was talking nonsense to me.

Bro, at this point I'm embarrassed to talk to you already, if you don't feel embarrassed of yourself already.

Just stop.

However if you can add anything beneficial to the thread go ahead. I'm not going to stop you like how u chided others and me yeah.
cfkoon
post Sep 4 2018, 12:26 PM

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QUOTE(sky18 @ Sep 4 2018, 12:10 PM)
I believe "his friend" at least close to 8 figures NW or above.

Btw, we had accept the "personal finance" is vary among ppl. there are exist 7 figures folks dont have any outstanding debt. it just a matter of preference and no right or wrong. Some of them are very good in boosting their earning, some may super frugal in spending, and other excel in investment.

To me, we had to agree to disagree as everyone have different context, personal strenght and past experience which form their unique way / view on "personal finance";

It just wasting time & effort to force own beliefs onto others; similiar to you can't help someone who doesn't want to be helped.
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7 figures are nothing, millionaires will have loan. period. for eg millionaires will want to stay in millionaire homes, not one HNW person will pay that outright with cash.

7 figure who meticulously saved up over the years, they are prob frugal retirees, paid off their house, enjoying their retirement income.

UHNW will have even more loans than you think, because we can earn much more than the loan repayments. Loans will range from HP, House loans, SMF, CC.

Majority of UHNW will have loans.


cfkoon
post Sep 4 2018, 02:36 PM

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QUOTE(imnotabot @ Sep 4 2018, 01:05 PM)
It doesn't matter if it's rare, they exist. Not everyone wants to live like millionaires.

Also they're not that rare nowadays. Go visit https://www.mrmoneymustache.com/. It's a community full of these kind of people with the same mindset. If you want a local example, I'm pretty sure Mr Stingy is that kind of person.
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it really depends what's yr view on living like millionaires, not saying that millionaires cannot have their lunch at kopitiams or eat dinner at kfc, mcd. 7-figure net worth is nothing in malaysia, sure u can live comfortably.

however even HNW will most definitely want to indulge in fine living. no point working up to that point and not enjoying life.
cfkoon
post Sep 4 2018, 02:52 PM

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QUOTE(MeToo @ Sep 4 2018, 02:40 PM)
These days everyone's a millionaire.

So am I.

But I still can only afford to live in a terrace house, driving local car (until recently, my wife anyway) while still having to work 9 to 5 (or more like 10 to 7).
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its a different millionaires world now, even a terrace house at a above average upscale neighborhood runs 700k now. to go onto the next step, you would have to hit 8-figures, there's when the real indulgence come in. adding a zero is the big hurdle hmm.gif
cfkoon
post Sep 4 2018, 03:09 PM

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QUOTE(sky18 @ Sep 4 2018, 01:02 PM)
I guess you refering to 7 figures millionaires in RM terms, there are many out there... in USD term, around 43,000 as of 2016 as stated here (https://www.straitstimes.com/asia/se-asia/malaysias-rich-drive-demand-for-high-life)

Millionaires not neccessary want to stay in "million" worth of properties and take up loan for that. Instead, pseudo affluent may... this article is well written (https://thinksaveretire.com/pseudo-affluent)

And, imnotabot speak it out and loud where everyone had different financial goal.

UHNW is different league... Showtime747 will be a better person to tell. smile.gif

Added:
I'm enjoying millionaires interview series..... https://esimoney.com/category/millionaires/page/9/;
And come across money critics article and I shared the same views (https://esimoney.com/ignore-money-critics/)
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we are in malaysia i guess in RM terms should apply hmm.gif whether millionaires would want to stay in a multi-million house or terrace house is entirely up to their preference. regardless they will most likely take out a loan to finance it.

Added :
I also share the same view on money critics, those that don't have should not give advice. However the vice versa holds true too. wink.gif

 

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