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

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
6. single 30yo 2.7k (this one keng, think he has free food in hotel due to travels)

30 and in LDR

Monthly exp :
Phone - RM60
Home Streamyx - RM100
Home Rental - RM125
Mum - RM600
Dad - RM200
SDB - RM100
Progressive interest - RM250 ( for now )
Food - RM1,000++
Shopping - nil to RM1,000++
TnG - RM100
Others - nil to RM1,000++ ( parents upfront for whatever reason )

Yearly exp :
Insurance Med - RM492
Insurance Life - RM1,422
Insurance Prop - RM1,200
SDB - RM800

Others :
ACCA annual fee in GBP
ACCA exam in GBP
ACCA classes - RM2,000 (June and Dec )
Monthly rental - RM4,500 to RM10,000++ ( 3 times a year when partner with me not include shopping, groceries, food and transport )

*Somehow feel the list incomplete .. Will add if remembered

P/s: Does spending 22k++ on C bag include ?? This one ad-hoc I had spent this year so far .. Lol

rental - 2300
water + eletricity - 300
parents - 2600 (havent plus special festival)
telco - 200
internet - 120
insurance + saving plan - 1583
car oil - 720 (7 times per month)
food - 6000
entertainment - 5000
18823 per month

age 27 not married have a gf.

Fam of 3

Commitment with banks: RM2060
Other living expenses that you can think of as a normal middle class in KV, including entertainment: RM4060

Total: RM6120

Me(31), Wife (31), Kid (2)

House 1,221
Car 1,000
Parents 750
Car Maintenance & Insurance 308
Petrol & Touch N Go 1,000
Utilities 50
Groceries 400
Insurance 268
Telco 180
Kid 1,500
Misc 1,000
Total 7,677

33, single & 2 retired parents.

Monthly fixed expenditure:
Bank loans 7,500
Insurance 772.95
Car insurance 211.83
EPF self contribution 416.67
Road tax 36.5
Quit rents 31.67
Assessment fees 174.32
Property insurance 106.68
Parent 2,708.33
Broadband 189
Fix home line 28
Mobile 103.88
Indahwater 8.48

Non-fixed expenditure:
Petrol 300 - 600
Toll 100 - 200
Parking 0 - 100
Food 0 - 20 (3 meals at home, staying with parent)

Total 12,688.31 - 13,208.31

6000 for food 5000 for entertainment? good life bro

I personally think that it is better to calculate or plan your monthly expenses by the percentage of your net income.
My example:
Age <30
Married, one kid
Used 2nd hand car, stay together in parents house.

10%- give to parents
15%- petrol and food (lunch during working day)
10%- Insurance
25%- Expenses (mobile, dinner, for wife and kid...)
20%- Invest in Unit trust
10%- Saving account (save for emergency fund)
10%- Others (PTPTN, misc. expenses... )

Generally have no entertainment.

1 own stay, another rented out.

bank loan 7500??
the total only take 3 times my monthly salary

Mine would be in HKD if anyone is interested

Yes please share.

Late 30s, wife early 30 and a daughter

Fixed expenditure:
Phone and internet: HKD400
Insurance: MYR 900 and HKD 2000
School Fee: HKD7500
Utilties: HKD1500
Rent: 20000

Variable:
Daily necessities: HKD10000
Pocket money that includes transportation: HKD5000x 2.

I also have about monthly 5000MYR commitment in Malaysia as well.

Total just for HKD is about 52000HKD

House loan 3k
Grocery 1k
Car loan 1.5k
Utilities 600
Transport 500
Insurance 1k
Parents 2k

couple, mid 30.

Your working exec or having your own business in HK? What's the average working adult down there? HKD 52,000 seems to be pretty high no?

That's a very comfortable living in Malaysia, even in HK that is pretty comfy expenditure lifestyle.

Mind sharing how much % you put into savings?

This post has been edited by simplylegendary: Aug 11 2017, 12:10 AM

Should be two very nice houses

I am at management level. My wife do work as well. As for average, I am not too sure, I think its HKD40K/month

Actually with the rent I am paying I can get a very comfortable apartment in MT Kiara but not in HK. Just about average size. Also n ot having a car really save a lot.

On average I save 50% of our salary.

I think fresh grad in HK about HKD10k, around 5k+- MYR. HKD40k maybe after 20-30 years for average ppl.

And yea, very easy to travel around without car so that's a good saver

Fresh graduate on average is HKD15K now. Yea you are right for HKD40K - thats the average salary for mid income family.

Family of 2 (29 yo)
House = RM3300
Car x 2 = RM1500
Petrol = RM500
Medical Insurance x 2 = RM500
T & G = RM200
F & B = RM1500 - RM2000
Vacation = RM1500 - RM2000 (total vacation this year / 12)
Personal Loan = RM1,300
Parent x 2 = RM1,600
Shopping, entertainment = RM500
Telco, utilities, household exp = RM700
PTPTN = RM200

Total = RM13,300 - 14,300

Damn, that's a lot. Both of you working?

i see so as for management level how much is the take home salary usually?

Well you dont compare that way don't you? In Malaysia for the apartment in MT Kiara most likely you would not be able to afford it in local term.

wow that's very low considering the living expenses in HK.. Guess Malaysia is still a better place.

Salary depends very much on the industry I guess. Finance will definitely be higher here in HK. Mid management I think its 50K-70K, and Sernior management is about 100K. What I am getting now is actually much higher than industry average simply because they have been looking for year to fill this position and also I have a good HH.

I know I cannot compare...but human will still compare... Moving from KL->Tokyo->HK...house size getting smaller but the money I am paying is getting higher!

If you talked about "space" then definitely Malaysia is better. But if you are a fresh grad, young and energetic, HK is one of the place to be. Things are moving fast, more international exposure and also the China factor as well. Also here its always about $$$. But yeah, nothing beats the food, life and spaces in Malaysia....and also the "traffic"

petrol / groceries = 500
insurance = 300
maintenance & sinking = 290
unifi = 160
astro = 120
elect = 60-80
water = 0
other expenses = 400 per week / 1600 month

No lar, "traffic" has been slowing down actually. With KL express integrating Putra and Star. Uber and Grab and also reduced in businesses marginally. KL traffic seems to be good compared to other Asian cities

But yea, HK is moving really fast. Have to lar, across the crossway China is also super competitive.

wow i am curious how much your monthly household income is

Monthly expenses []

This post has been edited by yenchex: Jan 6 2018, 01:35 PM

Normal.

Now continue to arm ur career and get higher salary..
Quite a number of people in their early 30 that i know is taking a 10grand pay cut.. net around 8k+

If you r in that bracket, then there is good balance to save up

Early 20s. Single.
Around

600 car
200 petrol
200 family mobile bill
2k insurance
10k investments total
1k food and entertainment

Nice, you spend considerably less than other posters. It's recommendable and by spending less you are one step closer to financial freedom.

Wow you must be doing financially well, 14k per month for someone in early 20s is no easy feat.

Wow. How much is your salary range?

I spend about 60% of my income)

I make a Google Sheet to track and plan my monthly spending.

For now:

Sent to parents: RM1000.00 both not working and my dad just as hobbyist taking care his small coffee farm.

Apartment rental: RM950.00

Electric and Water: +- RM110.00

Food: RM400.00 - RM600.00 depends on mood, but Max RM600.00 so far when I check back my expenses using Money apps.

Leisure: RM200.00

PTPTN: RM140.00

Transportation: RM100 (Grab n LRT - No car yet, just move to KL 3 months ago, I buy old car cash back in my home town)

House Internet: RM90.00

Phone: RM30.00 - RM60.00 (I use two sim card, one is standby, only reload when it come to it's grace period)

Personal care: RM100.00
Clothing: Nil (Will buy when necessary or when Zalora and Lazada on sale)

Wish list: RM500 - RM1000 depends on the wish list.
Usually the wish list is to buy equipments for my freelance business also, so it contribute back to my side income. When traveling or vacation, will use this allocation + food + leisure + transport combined together for that particular months.
Now I'm wondering if taking lump sump loan to buy the equipments and pay them slowly later is better?

Online Business: RM200.00 - RM500.00 depends on ads running.

Savings: RM0.00 (Ha ha ha) *facepalm* I believe in growing my side income first.

This post has been edited by wgn_white: Aug 25 2017, 04:41 PM

housing loan - 2000
car loan - 900
insurance - 1000
utilities - 200
kids - 1000
internet - 180
phone - 130
groceries - 500 to 800
petrol - 400
give parents - 200
f&b - 500
others - 300 - 500

roughly around 7-8k, 33yo with 3kids, wife income alone already enough to cover

Single late 20s

House loan 1k
Food 400
Groceries, family gathering, petrol 600
Entertainment nil
Shopping nil

All others go into investment.

Sad life lol

1.1 juta Rupiah - room rental
Miscellaneous spending - 12juta Rupiah
Supplement for myself and Gf - 6juta rupiah

Income = 0

Just move to Indo early this month . Not working now...

What do you think of the living cost in Indonesia compared to Malaysia?

One word
Cheaper

27yrs old just stared working a year ago

Rent - 300
Streamyx - 150
Parents - 250~ avg depends on how much i make a month

Petrol - 150
Food and entertainment- 400
Remainder goes to personal saving.

I lived in Indonesia for a year, why do I feel it's more expensive ( location is central jakarta

Fixed expense
Rent 1000
Insurance 445
Broadband for parents 45

Variable expense 900-1000 (food,grocery,transport,entertainment )
So I have about 400-500 for savings/Investment each month

26 yr old working for 3 yr

Bcoz u choose jakarta muahahhaa
I choose place like medan
Concentration of Chinese higher
And they speak Hokkien ..
Ok la, morning breakfast + tea = 14000
It's like $1.40... in rm4.20?

Stay in a room with aircon, laundry provided... drinking water provided 1.1m.. about rm350...

you mean your wife paid all those expenses, ? while you can keep your income all ?

Grocery/monthly household stuff :1000
Parents pocket money: 300 each
Car: paid
House: parents house
Insurance: 300
Phone/internet: 160
Car maintainance: 150
Donation: 200
Budget for everything else: 700
The rest: save it 3000-4000

Single

Nice work on the savings.
At least you can breakdown the savings into investment, self improvement and rainy days

I'm not working but I've been investing in a few restaurants now,

Rough income 15k-16k

House loan - 3K
Car loan - 2K
Utilities - 600
Food Expense - 1.2K
Car expenses - 700
Parents - 2K

Savings - 5k

Single

ini apa machiam still single

Hahaha Nomad life bro, move cities and countries too often to have a friendship long enough to turn into a relationship, just recently moved back to KL only

but i'm still young so enjoy first la

nice. mind sharing what kind of restaurant and how much pumped in.?

Car, Fuel, Maintenance: 1,000
Insurance: 180
Phone, Internet, TV: 360
Utilities: 200
Food & Groceries: 900
Parents: 200
Others (Holidays, Gadgets, Shopping, etc): 2,000
Savings & Investment: 5,000

Late 20s & single, stay at parents house.

Early 20s fresh graduate:

Car loan: Rm 600
Parents: Rm 500
LRT: Rm 100
Food expenses: Rm 200
Miscellaneous: Rm 200

How does it look

Why get a car with such a big commitment?

How about savings?

Initially was going to use the car for sales work but then the current job does not require me to travel so just paying the car loan at the moment. Weekends drive grab to set off the car loan.

The rest are savings, plus my part time income.

monthly fixed expenditure

Car loan - 900
Housing loan - 3200
all kinds of Insurance and saving - 1500
Digi + time - 205

monthly variable expenditure
Petrol - 200 ~ 350
Grocery - 100 - 150
F&B - 300-400

Syukur you gsalary so high yet expense so low

yours is bloody similar to mine lol. except no housing loan yet

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.