Hi all sifu,
I'm 26 working in IT field and currently earning 6k myr per month, before tax.
Was wondering for my salary range is it considered below ave or average in Klang Valley.
For me 6k (5k+ after tax) is not really a lot if you plan to live in here for long term, especially with all sort of commitment.
I did some analysis on my own spending, with this salary seems like it will be difficult for me to get a house as well.
My spending:
Rental: 650 (all in)
Car: 1k (loan+parking+petrol)
Insurance: 330
Food: 800 (include dating, as i usually pay for food when im dating with gf)
With only these it already sum up to roughly 2.8k. That leave me around 2.5 or 2.6k. This is without factoring in car maintenance and also giving parent money. Also if i was to buy a house, it will leave me with almost no saving per month.
So just want to know the average earning we should at least have, maybe at 30 to at least be able to live in Klang Valley with own house.
I,m setting a goal for me to earn at least 10k in 30, but not sure that is realistic or not.
FYI I have met many professional in IT getting more than 10k in their early 30ish. instead of thinking, u need to act on it.