What's your monthly expenses
What's your monthly expenses
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Aug 8 2017, 12:08 AM, updated 9y ago
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#1
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Junior Member
270 posts Joined: Jul 2017 |
Hi guys what's your monthly expenses breakdown, and do you consider yourself a spendthrift or thrifty person
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Aug 8 2017, 12:32 PM
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#2
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Junior Member
270 posts Joined: Jul 2017 |
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Aug 8 2017, 12:34 PM
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#3
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(Sunny zombie @ Aug 8 2017, 12:29 PM) monthly fixed expenditure That comes up to between 4000-8000 per month. 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 Are you taking any annual holidays and what's your age, thanks! |
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Aug 8 2017, 12:54 PM
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#4
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Junior Member
270 posts Joined: Jul 2017 |
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Aug 8 2017, 04:47 PM
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#5
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(imnotabot @ Aug 8 2017, 02:20 PM) 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. That works out to about 8k for family of three, not too bad! and thanks for the detailed sharing 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. QUOTE(kingz113 @ Aug 8 2017, 03:39 PM) Our loan is not huge and cars paid off. You even have 500 insurance monthly covered and only 30. Not bad, I am only starting to plan and I am 35!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. 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 |
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Aug 8 2017, 06:47 PM
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#6
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(sonic31s @ Aug 8 2017, 04:54 PM) loan housing = rm1500(27 years to go) Age, num of dependency (aka wife, hubby, kids). I will compile utilities = rm50 transportation = rm150 food = rm50 (mostly have in hotel for free) insurance & investment plan = rm750 entertainment and dating = rm250 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 |
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Aug 8 2017, 07:35 PM
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#7
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Junior Member
270 posts Joined: Jul 2017 |
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) |
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Aug 11 2017, 12:09 AM
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#8
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(sacwoc @ Aug 10 2017, 05:01 PM) Late 30s, wife early 30 and a daughter That's a very comfortable living in Malaysia, even in HK that is pretty comfy expenditure lifestyle. 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 Mind sharing how much % you put into savings? This post has been edited by simplylegendary: Aug 11 2017, 12:10 AM |
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Aug 11 2017, 12:10 AM
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#9
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Junior Member
270 posts Joined: Jul 2017 |
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Aug 11 2017, 10:21 AM
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#10
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(sacwoc @ Aug 11 2017, 09:06 AM) I am at management level. My wife do work as well. As for average, I am not too sure, I think its HKD40K/month I think fresh grad in HK about HKD10k, around 5k+- MYR. HKD40k maybe after 20-30 years for average ppl.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. And yea, very easy to travel around without car so that's a good saver |
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Aug 11 2017, 04:07 PM
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#11
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(sacwoc @ Aug 11 2017, 02:33 PM) 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. 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 I know I cannot compare...but human will still compare... 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" But yea, HK is moving really fast. Have to lar, across the crossway China is also super competitive. |
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Aug 19 2017, 11:13 PM
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#12
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Junior Member
270 posts Joined: Jul 2017 |
QUOTE(yenchex @ Aug 19 2017, 04:23 PM) I am in early 30s and single. Monthly expenses: Nice, you spend considerably less than other posters. It's recommendable and by spending less you are one step closer to financial freedom.RM750 for food + snack + beverage RM520 for room rental + unifi RM300 for family RM150 for LRT + uber/grab RM350 for life + medic insurance RM30 for mobile prepaid RM25 for haircut RM25 for groceries RM50 for misc. Total = RM2,200 (Is it too little or too much?) |
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Aug 19 2017, 11:15 PM
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#13
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Junior Member
270 posts Joined: Jul 2017 |
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Aug 26 2017, 10:45 PM
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#14
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Junior Member
270 posts Joined: Jul 2017 |
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Aug 27 2017, 11:57 AM
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#15
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Junior Member
270 posts Joined: Jul 2017 |
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