Monday, March 26, 2012

How much Salary we need living in Malaysia

Majority of Malaysians are known to earn about RM2,000 every month. Executives can earn up to RM4,000 every month. But is it really sufficient to survive living in Malaysia.

We just roughly count how much we need to spend every single month based on having a family of 2 kids.

Food = RM 5 per meal x 3 meals per day x 4 person x 30 days = RM1,800
Car = RM40,000 car in 9 years = RM520 
House = RM652
Petrol, Tol & Parking = RM250
Internet = RM50
Phone Bill = RM100 for two person
Insurance = RM600

Basic living expenses already reach RM3,972 and imagine if your wife is not working, even if you earn RM5,000 a month it wont be sufficient as you will only get RM4,400 after minusing EPF and balance of RM400 for remaining things like medical, savings, school fees, travelling, celebration, gift, contribution to parents, books and magazines, astro, clothes, and others. 

Forget about savings, how you gonna save to get another child? 

Perhaps you people shall consider getting married only at age of 35 when you have accumulated more moneys while you're single so that you can afford to raise a family. 

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