its doable if my wife has the same earning power as me we would have 16k money coming in every month at least. the wife has to be money making machine as well not some housewife.

so guys out there, be wise in marrying the correct girl or u will suffer alone

This post has been edited by godhand: Jun 25 2018, 04:13 PM

I second this, your partner is important on your way to FIRE

Husband & Wife + 2 Toddlers

Housing 28%
Insurance 10%
Babies 20%

Saving 15%
Expenses 27%

Hehe... try to save ma..

Mininize every unnecessary expense...

After have children then gg...

Edit : feel uncomfortable. Too much info. Sorry

This post has been edited by Forgotoldaccount: Jun 26 2018, 10:42 AM

I'm 22 yrs old single
Car Loan - 600
Rent an apartment include utilities- 500(paid 30%)
Car fuel- 200-300
Food- RM300
Car insurance& roadtax- RM170
Entertaiment- RM500
Phone bill- RM350

My breakdown as a single young man

1. Rental: RM2000
2. Housing loan progressive interest: Rm500-2000
3. Car maintenance road tax INSURANCE etc avg monthly : RM300
4. Health insurance: RM333
5. Parents health insurance: RM400
6. Petrol: RM300
7. FOOD: RM2500
8. Leisure: Rm1000
9. Unifi: Rm120
10: Mobile: RM100


Roughly 9k

X_X

Have simple life. Most of the time RM1200~1300 only. No loan on anything.

Given that there are various income levels, won't it be more insightful if posts here were shown as a percentage of take home pay ?

Eg.
15% - housing rent / home loan
50% - investment

etc

Wah, single food need 2.5k
That is almost RM100 on average everyday!

Should save some for your long term savings/retirement

the post doesn't include take home pay - if he/she takes home say RM 30k a month, RM 9k expenses is not an issue. It doesn't mean there's no savings etc.

True also, I always take the median pay of Malaysian only.
Sorry boss

That’s why I posted earlier (see above) that it’s more representative if posts in this thread showed expenses as a percentage of take home pay.

It depends how much is your take home salary and ur investment as well, spend below ur means will be the golden rules

Is someone here gonna create a data on median average income earner and expenses here?

haha

curious to know how strong is malaysian spending power for middle income earner

HAHAHA

I think posting take home salary will be too much exposure of individual financial data

HAHA

% of gross HH

Mortgage + Mfee = 12%
Hire purchase = 2%
Utilities n bills = 2%
Foods = 9%
Transport-related = 4%
1 toddler = 4%
Insurance = 1%
Parents = 4%
Miscellaneous = 3%
Savings/inv = 38%
Personal loan = nil
CC = nil

Revealing take home pay can be too much info based on a person's level of comfort.

My point is (like the example in my earlier post), there is no need to reveal your take home pay, or how much (quantum) you spend for your different expense categories.
All that's required is the percentage.

housing loan-3100
car-900
petrol & tolls- 300
food for 2-1500
baby expenses, nanny, insurance, food, doc and etc 2700
insurance -700
utilities-200
housing loan-2200
maintenance fees-700

the rest savings, business earnings are not so stable but savings are there

Acceptable, consider a family income with 2 housing loan to serve.
Quite frugal I would say, especially food, car and utilities.