Ayam at a workshop earlier today about insurance and one of the fun activities we did was estimating the cost of living for a family of 4 in KL.

The family
- Family of 4 with 2 parents and 2 kids
- Parents is 40 - 45 y/o and both kids between 2 - 4 y/o
- Living in KL

Cost of Living Estimation
- Housing Loan RM 4000 p/m
- Car loan RM 1,800 /n (1 Honda Civic and 1 Myvi)
- Food RM 1,500 p/m
- Insurance RM 600 p/m (Basic Term Life and Medical Card)
- Utility RM 800 p/m (Electricity, water and internet)
- Grocercies RM 400 p/m
- Transportation RM 400 p/m (Petrol and toll)
- Nursery School for kids RM 1,500 p/m

Total monthly expenses: RM 11,100 a month

Is this accurate ah? Come give feedback yo!

For me last time in Malaysia
- Food RM3K pm
- Groceries RM1K pm
- Petrol RM700 pm
- Toll RM300 pm (including parking which uses TnG)

nursery school eat caviar everyday?

Housing Loan RM 4000 p/m
Car loan RM 1,800 /n (1 Honda Civic and 1 Myvi)

can be lower

I was thinking about this as well

The presenter make this estimate coz he assuming the family live in 1k sq ft condo that is worth around RM 1 mil.

The cars he say more reasonable to assume one "nice" car and 1 "lowyat" car

You think everyone in kl stay in rm 800k house?

TS earn 25k

20k also no enough o like this....

if u are 40-45

2 young kids and a million ringgit home, 2 normal cars

also cant maintain a 15-20k expense bill a month.

better rethink your decisions you made so far.

I think they messed up on the cars and house part.

Better live in a Rm400k condo, mortgage is only Rm1.7k per month. Drive axia and honda city good enough.

good la you guys are so rich..

diu, show off tered.
There are sooo many people in KL with <3k per month.

see ing those figures make me feel depressed when i remember i only earn less than 2k. kanina just dapat gaji 3 days ago now bank account is kosong again because all went to pay hutang

how can 40yo with 2yo kid? impotent ke?

Hah? Bought groceries but cost of eating still 1.5k.
If you don't cook better don't spend 400 on groceries.

My parents spend nearly 1k on food per month and that's it. My wife & I usually cook for dinner so our costs are quite low

Utility got so high?

assuming that the 45yo is the dad, and the oldest child is only 4 year old
ggwp

Thats why need to get a low maintenance and high income wife

wow....got rm4000/m installment house to stay. ada muka la tu. 👍

the groceries is probably frozen food and junk food

RM 4,000 for house loan is very subjective, yeah G&G 2-sty landed almost this price, but can be lower la.

Car also can be lower la. If cannot survive still buy expensive car meh? 1 50k sedan and 1 40k Axia can d la. 1k per month instalment roughly.

1m house..niamaa

oi beli umah ape loan 4ribu

KL and sabah same cost yet many here survive with minimum wage

My 2 Cents:
- Housing Loan RM 4000 p/m: I'd assume this comes with the MRTA? Since there is only RM 600 worth of Basic Term Life and Med Card for 4 pax?
- Food RM 1,500 p/m: This should be more if not cooking, else Groceries should increase. 4 pax, each adult RM500, kids RM 250?
- Insurance RM 600 p/m (Basic Term Life and Medical Card): What's the coverage? if no MRTA how to re-pay RM 4000 Housing loan if the bread-winner is no longer around?

- Grocercies RM 400 p/m: Should be more if cooking for 4 pax.
- Transportation RM 400 p/m (Petrol and toll): This is for 2 cars? My own car alone is already RM 500+ a month Unless work and nursery is a stone throw away, else this should be more.

Typical bank slave femly. The real question is how to increase ppls income at a rate faster than inflation?. How to build social safety net without shatting of d middel kelass n angrying d elites? Majority of Yung PPL are set to be bank slaves d things way r going. Ask them save for future? Qquarter of their savings erode within 5 yrs. U wonder where Yolo come from is thism

my mortgage also 3.5k....not kl summore
4k ok la....

Well, the presenter say these figures all based on his experience as insurance agent. This is the rough expenses breakdown for a family of 4 in KL coming in to buy insurance.

Family of 4 bros.. safety and good living condition is high up the priority list...
Civic only.. not to say bmw or merc.

If both parents are working, 11k a month is achievable..

This post has been edited by Liamness: Aug 27 2018, 07:40 PM

if pay house to live in place easy to find high income job.
ok lah.

because it can become more expensive

Good point. Once the breadwinner dies, who's gonna fork out RM11k a month?

Hence the workshop i went to. It was talking about the importance of life insurance. Say the family need some kind of IL policy to sustain this lifestyle for 5 years if one of the parent mati

House loan too high
kids expenses too high

The average household in KL earns Rm8000

buy 1.2 million house.
complain on /k too expensive.
electricity 800? why don't you turn off the ac dumbass?
why food and groceries is separate? cook yourself.
transport, why didn't you buy near mrt?
nursery? grandma got. pay grandma.

meaning if anak 4.
must 20k a month.

One civic and one myvi = petrol+toll=rm400. So you guys in a group came up with this?

More like the presenter came up with some ballpark figures. I just list them down only

He is a genius. Please convey the message to him. Hahahahha

If paying insurance 600 per month maybe need at least 20k salary and can afford all this..

me too...last time when young still don noe berfikir...spend all my income...ard 18-20k p/m

now insap liao...

Utilities a bit high. Insurance a bit low. And I think they're spending too much on car.

If u simply say like that, they won't care one. Even if they buy from u, later will relapse also. Usually works better among Chinese, or other races from middle to upper class.


If u find low income earners, high chance they relapse payment.

I'm not agent btw..

As a single female below 30 living in Kl:

Master bedroom: RM800
Car: RM600 (MyVi)
Petrol and LRT fares: RM 300
Foods: RM 800 (Cook by myself and lunch hour in the office)
Shopping allocation: RM 500
Insurance: RM 400

RM 3400 for living cost alone

Parents: RM 700
Gold investment: RM 1000
Education loan: RM 1000

RM 6100

My salary is 6800 so I can save around RM 700 per month for emergency saving. Need to cook more at home/bring cooked foods to office. I cant imagine people who already has children and how they spend their money

gold investment nt considered saving ah?

Bungalow kot...

wait til sst kicks in

Saving but I consider that as future saving instead of "right now" saving. I will sell them all once I reach 2 kg/ 3 kg in weight

Lel..
4k house.. how much is that? 1 million house?
should keep groceries and food = 1k... a week 200/300 max..
kids nursery to high too. But then, an amah cost around the same

Me 20k still living in 400k house. Installment 10% celery.

Should be correct. Plus minus 2k la.... having children is costly in KL. I laugh when ppl said KL ppl are rich.... those must hv inheritance. Most kl ppl are so so nia..

if you're gonna be using LRT anyway might as well sell the car and use grab, or downgrade to a basic axia

and your phone bill, cosmetics, car maintenance comes from shopping budget? that's tight

I cannot sell my MyVi as my sister who's studying in university wants to use it for her final year project. Need to sacrifice a bit as a sister.
Phone bill only RM30 per month for celcom. My house already has wifi and it's free (included in rent already).
Cosmetics only costs around RM200. I only shop for clothes when necessary and most of the time I bought online. Not too picky with brands as long as the clothes and shoes are nice and pretty. Plus my boyfriend always gives me gifts so I cannot have new clothes anymore in my closet

Janji ada civic, alphard

40 yr old, at least 1 car already fully paid and house already bought a decade ago probably cost less than 4k pm

duduk Bungalow ke boss?
Kasi downgrade skit.

if 9 years loan for 50k sedan and 40k sedan at this age with the said income I think got problem already.