QUOTE(IBank BeanBag @ Jun 29 2021, 09:06 AM)
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RM2,300 pay for graduates in KL has to end! Why fresh graduates should ask for 50% raise after 2 years. Stop enslaving graduates and push them towards “debt bondage”.
It is not right for CEOs like myself to earn so many more times when we try to squeeze you that RM200-400. Some banks and big companies CEOs are earning RM150,000 to RM700,000 a month when your parents need to subsidise you to survive. These figures I have gotten from their companies annual reports. You can verify.
Their expenses to live with dignity in KL is RM3,415.
Car RM500
Petrol RM300
Parking RM100
Room RM600
Parents RM300
Food RM900
Phone bill RM100
Phone cost RM100
Entertainment RM0
Fitness RM0
Wardrobe RM0
Holiday RM0
EPF 11%
Tax 5%
It is only natural that after working for two years, you expect yourself to earn a living wage, RM4,000 in KL.
My full post on LinkedIn:
https://lnkd.in/g2xfXsXQUOTE(IBank BeanBag @ Jun 29 2021, 09:34 AM)
Phone bill of RM100 allow you to avoid broadband too. Just enough. Phone bill is quite inelastic.
My food is RM900 as graduates need to join colleague for lunches too. If you work in KL Sentral and stay in Setapak, I think that is your cost.
My opinion sits with the 2 fellow forumers below.
I don't get why there's a phone bill and phone cost. Let me assure you i'm only paying RM40 for my phone package and i don't even have Wifi at home
RM2.3k is tight by today's standard but it's not impossible to have an average lifestyle.
Get an average car befitting one's affordability. Even if it's an Axia, it's fine so long it does the job. Public transportation is the best to reduce petrol, maintenance or any toll cost. Despite renting a house/ room for RM600 and still need RM300 for petrol is pretty high btw. If this person is renting a room, I would think it's a smarter choice to rent nearby the office (ie. within 10km). In that case, petrol would be like, probably RM150-RM200 per month or less.
Food RM 900 is like average RM30 per day. Yes and no to it. At most only have 1 meal (lunch) with colleague right? I'll presume it's RM 10 for lunch.
- breakfast can make oats/ boil eggs etc at home = cost less than RM5
- dinner can cook or takeaway from zhapfan shops or nearby noodle/ rice shops = aim for less than RM10
- Lunch RM10
Total should be around RM25 or less per day. If wanna save, meal prep own lunch and occasionally makan with colleagues. By eating with colleagues 3x a week (Mon, Wed and Fri) you still maintain that rapport and get to save 2 days a week (or the other way round). In fact yes, you can still pack lunch and eat with colleagues.
It might seem like petty calculation but at the end of the day, it's about making smart adjustment to your lifestyle based on what you have/ able to get.
I'll say if RM2.3k:
- Meal: RM 600
- Car: RM 400
- Petrol: RM200 (would expect this to be lower since renting outside)
- Rental: RM600
- Phone: RM60
- *Insurance (ie. medical card): RM40
- Parents: RM 300
- Parking: RM 100
*Optional of course, can subscribe later when he/ she gets a raise. But still, imo it's essential.
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QUOTE(soul78 @ Jun 29 2021, 09:41 AM)
i wake up travel by bus 1 1/2 hour everyday for the past 3 years to go to work from one state to another to go to work. wake up at 5am every day to go to bus station to grab a bus.
Then after that still no car and started renting a room when salary was ok and then still took lrt/mrt to work every day for another 4 years..
nowadays flesh glad come out oredi complain earning peanuts and still wanna own a car straight away.
I bought my first car at the age of 30 and it was a Myvi.
nowadays flesh glad also dun want to look at myvi and oredi wanna drive SUV or civic ketamz when they earning peanutz...
work their way up the leddar la.. instead of complaining.. coz nowadays mellinnials sooo
sayur... cant stand to slog like the boomers generation...
Hahahaha sayur ah, thought it's strawberry!
But that's right... indeed back in the days cost aren't that high.
QUOTE(jaycee1 @ Jun 29 2021, 09:46 AM)
Be smart with your money shop around.
My unlimited data phone bill is 70. That is a whopping 30% lower than what you are spending. And no, I don't have broadband either.
What, you think I don't eat lunches with colleagues? Really want to save money, pack lunch.
If you are working in sentral why are you staying in Setapak? Staying nearer or with public transportation access means you can drive less. You can stay at Pantai Dalam where it is near and cheap, and have access to lower cost food.
Budget your costs accordingly.