RM10k is NOT enough to live in Kuala Lumpur; family struggles in Malaysia.

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What kind of lifestyle can RM10K buy for a family in Kuala Lumpur? How much do we really need to live a comfortable lifestyle in this city. Tell us what you think? If you like this video hit subscribe and share the video!
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Опубликовано:

18 май 2022

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Комментарии : 645

@MrMoneyTV 2 года назад

Reminder: "comfortable" varies for different people. Some may need more, and some may need less. Let us know what living comfortably looks like for you :)

@holypredator 2 года назад

But this is too comfortable already... Enhancement for kids that are still wearing pampers??? RM2.5k for food despite the kids are only infants drinking milk??? Everyday eat Sukiya??? Entertainment RM2,000 per month??? Go Genting Theme Park every week meh??? RM4,000 savings is a luxury.. especially in Malaysia we already have EPF... if you need to take savings into consideration... some people might say RM30k net salary is also not enough cause can't save RM10k per month You cheap out on car but spend extravagantly on other things.

@striker7469 2 года назад

🤣🤣🤣

@mr123undead 2 года назад

@@holypredator Bro, He is T20 but driving an axia to act poor, so saudara saudari pinjam money... he can say "aiyo I x la duit la, pakai axia buruk je..i poor la". I would say He is smart :)

@janalu4067 2 года назад

Are you serious about the rental? It sounds too cheap?

@secrets.295 Год назад

Well to begin with I wouldnt be giving RM 300 to charity every month if I cant afford it 🤭. Its just common sense. Dude who said 10k is not enough is a joke.

@RayMak 2 года назад

I can tell you that it's really tough especially if you have kids. Our RM 50 today can hardly get anything even in the cheapest NSK.

@MrMoneyTV 2 года назад

Ya man brother Ray. Everything so expensive now. Should learn from u and plant my own vege

@isearchmalaysia 2 года назад

@@MrMoneyTV Next video - How to Plant Your Own Vege and Save Hundreds Each Month!

@mohdhafiz9955 2 года назад

@@isearchmalaysia next video, how to DIY your home by yourself, next recycling all the old furniture/ item your own

@RSO-IV 2 года назад

I own 4 acres of fruit orchard and 4 relong of vege plants. Looks easy huh. Boleh mampoih woo bila tanam sendiri. Keliling pinggang nak kena jaga utk pastikan pokok hidup x mati dan ada hasil. Blom tanam, mmg syok tgk kebun orang. Bila tanam, tahulah tinggi rendah susah payah jaga kebun utk dpt hasil yg x seberapa. Tanam dulu, nanti tahu lah. 🤣🤣🤣

@RandomPerson-tz7wk 2 года назад

nsk?

@amanlala6266 2 года назад

now i know why my uncles and aunties living in KL only gave me 5 ringgit for Hari Raya

@MrMoneyTV 2 года назад

Hahaha 😝 that’s true

@aziris7257 2 года назад

Sorry, kids. :D

@ravindersingh734 2 года назад

@@aziris7257 your comment made my day bro true.😊

@jeffreysetapak 2 года назад

Just look at the bright side. At least, you didn't received KFC, PIZZA HUT or McDonald's cash voucher for raya angpao.

@nsaffini1975 Год назад

While aunties n uncles in Kelantan give Rm30-50. Lol.

@RayMak 2 года назад

I'm sweating profusely as I heard your breakdown because I've not really thought about it. I just work work work make make make spend spend spend.... and still sweating

@DrewyJin 2 года назад

If even Ray gor gor say this we all habis dy 😫😫😫

@Rauthaz 2 года назад

If you're lucky enough to stay with your parents in KL, it makes sense to maximise your stay with them. Of course, contribute your part to the household. Rent takes a big chunk. Living with your parents until you start your own family saves you a lot from the list breakdown. Efficiencies in electricity, water, travel, etc. can really add up.

@fariqhamrie6476 2 года назад

There's a silver lining between luck and leech.

@thamSihou 2 года назад

I see, some of my friends living with patents might have save alot.. but they don't understand us who came PJ for work that need to spend more than them always

@TechMalaya 2 года назад

While living with parents you can also start buying a house before u getting married.

@leonardchua3999 2 года назад

That is if ur parents are able to support themselves? Ever wonder what happen for those that have to support their parents to ?

@kesatria_gelap 2 года назад

Me living with family..happy life

@vineshrajoo2805 2 года назад

It is important to live within our means. Found out about the cost of living in KL about 23 years ago and decided to shift back to a more less urban area to make it easier to save money. Now in Sungai Petani, despite all the essential goods price increment, I can still can a bowl of noodles for RM3.50.

@natep6729 2 года назад

I'm from JB. My dad works in singapore. People from other parts of malaysia like to automatically think that JB people who work in singapore are rich. We're really not. I remember back in 2008 during the financial crisis when i was 9 years old, our family was going through a very hard time. Luckily my dad didn't lose his job but there were no OTs or bonuses. Only the bare basic salary. My dad was in a big credit card debt, house mortgage RM2800, we had a proton wira which my dad had refinanced to help out his brother, we lived in a small apartment, i also had two younger siblings, one being 6 yrs, another 3yrs. After all our expenses, we will have RM200 for misc expenses for the rest of the month. I remember one time when i had a really bad toothache, we couldn't afford a taxi so my mom and i walked over an hour to the nearest dentist. And our household income was RM8000. This was back in 2008 where 8k was considered really big money. Imagine now RM10k mana cukup?

@AnnoDomini100 2 года назад

I really salute those young Malay families having 4 or 5 kids and can still survive living in KL city while earning total household income less than RM10k p.m .

@AnnoDomini100 2 года назад

@@potatoeskimos Highly unlikely for most Malay Muslim family coz anak = rezeki...

@morone91 2 года назад

@@potatoeskimos not necessarily some rich ppl dont have kid but still have miserable lonely life, different family have different way of life as long as their comfortable with it

@AmiynalAnsare 2 года назад

@@potatoeskimos That is from tafsir and authentic hadith, sir. Think before say something like that. Point is, more kids motivates you to work harder to get more, and ALLAH makes the way possible for you.

@zulhusni2828 2 года назад

@@potatoeskimos soo trueee

@bunnystrasse Год назад

@@AmiynalAnsare tafsir and hadith does not guarantee that they are real. You used the claim that they are “authentic” to prove their truth, which makes your reasoning circular. The fact is that there are more external factors to affecting a family’s wealth, like hard work, interest rates, and how many CHILDREN you split your wealth with. No wonder you can see Malay Muslims having more kids but still poor. How much can each child inherit if a family keeps having more children? Moral of the story: have less kids, and devote your resources to making them high class.

@DulyDullahan 2 года назад

Seeing that most of the money goes into childcare, it just solidifies me not wanting kids until my mid-30s 😂 I was only planning on having one anyways so I guess I can afford to just enjoy my time with my partner and increase our savings until the time is right.

@compassion7249 2 года назад

Same ah... it make me scared to have kids

@hansontan6025 2 года назад

Enjoy with ur partner? Ur partner might wants to have "me time" more if u dont have child ...

@DulyDullahan 2 года назад

@@hansontan6025 lmao and why would i date someone who would force me to have a child with him against my will? I’ve always been the type to only date people who are on the same page as I am. If they don’t see the same views as I do, why would I continue dating them?

@frog6054 2 года назад

I probably not going to have a children at all. Beside, the financial hardship, I'm also not mature enough to have one.

@olahpappy3138 2 года назад

Same same 😂

@jaschong2 2 года назад

This is a great visualization of the kind of lifestyle you could be living if you spend 18k per month in a household, no luxury cars, luxury bags or overseas trip every year. If you're a salaried employee, each parent would have to earn 12k gross to include tax and EPF. And its going to keep going up every year. Mind-blowing

@MrMoneyTV 2 года назад

Yes… can have luxury car n bags but at the expense of savings n all.

@Paul-ln2dr 2 года назад

In the other comment section, ppl points out in order to have 18k after epf and tax u need a salary around 26k. I can't agree more with u, this video is very informative, and a great illustration of what kind of life that u are "capable" or "should" have.. Having 18k monthly nett income and u should drive axia then u will be "comfortable" not stress or even bankruptcy.

@wanshah1377 Год назад

No lux car, but 2 cars. Total up tht cost.

@starman1994 Год назад

My wife and I have a combined income of RM$12K way back in 2006. We have a condo and a car each when we first got married. 2 years later my grandma had to be hospitalized because of gangrene on one of her foot. We managed to save the foot but the hospital bill came up to RM20K thus wiping out our entire savings overnight. We had to maxed out even our credit cards for follow up visits to the hospital. We seldom eat out, we don't even go for overseas trips. Living in Malaysia is torturous if you don't have medical insurance and cash savings. This event led both of us to migrate to Singapore to seek higher income and stronger currency. Never regretted it. Good luck to the rest that are still struggling in MY.

@porkbelly872 Год назад

Sounds like it worked out really well for both of you. Are you both living in Singapore or commuting from Johor? Are you both on work passes or have you obtained a PR already? We're seriously thinking about it, migrating to Singapore.

@starman1994 Год назад

@@porkbelly872 never did that whole JB daily commuting routine. PR, I'm fully settled down in Singapore. 15 years ago it was much easier. Nowadays the rental and house prices are a killer. Easier if both husband and wife works in Singapore, rent a small 2 bedroom apartment. Good thing is you don't need to buy a car.

@Cyeri2806 2 года назад

I live in KL renting with my sister, combine salary up to 13k++ but still not enough. We live 'comfortable' but not extra. Is not like we can buy expensive meal or clothes all the time. Still feel cukup2 every month. I saved 10%, 10% give parents, that alone 20% the rest mostly fixes and variable. I did some part time job on the side as well.

@delonchen1514 Год назад

Bro you are absolutely right. I am single and living in PJ alone. I earn around RM6k per month and living just ok only. Every month after deducting personal insurance, car payment, rental payment, food, necessity and family monthly expenses, I only manage to save up around RM 700 - 800 per month. This is consider better where now days I don't go out that much anymore during the weekends and travel overseas due to COVID started since 2020. Before COVID, I think I hardly able to save any money for myself. I can't imagine myself having a family of my own if my earning are maintain as it is.

@adrianlim116 2 года назад

This is so true. Especially if you are planning to start a family, please plan your financials properly first. If you are single or a couple without children then its still ok. But once you decide to start a family that is when shit gets real.

@clementcsteo 2 года назад

I think you should also include personal income tax in the expense outflows. It’s going to be quite a large outflow for household gross income of RM 18k.

@leaf9530 2 года назад

I'm making enough to live comfortably as a single person but when I see numbers like this for ppl with family, it frightens me even more about ever having children.

@SeadoooRider 2 года назад

Staying near office is also good option. Especially to save time and energy 200RM petrol 80RM toll 500RM installment 100rm car maintenance 300RM car park at office Almost 1200RM but what you get is time and energy. Especially I got tired of jam costing me 2hrs + everyday. I end up ordering food. Staying near office saves you money by cooking at home and healthier

@bigboy_pes6217 Год назад

Been keeping for too long..finally can all out here. Salary 2400 (-epf 20++) Monthly : Motorcyle 488 Self insurance 216 Parents 400 Food budget 350 Gas 40 Electric bill 20 Water bill 5 Fun 300 I'm 23 and struggle..cause I'm the only child in my family.

@wanasiah3387 Год назад

What motorcycle are you using bro

@bigboy_pes6217 Год назад

@@wanasiah3387 R15 800depo and 488 x 36

@ikky_mkb 2 года назад

Alternate title: Why having children is expensive This is why younger generation are less and less keen of having child let alone children, they’re simply too expensive Like a combined of 10k income can easily be very comfortable for 2, but the moment you add a child into the formula 10k can barely get you the barebones of basic surviving needs in KL Also Malaysia being a car based society doesn’t help, a lot of European countries or Japan being less car reliant ease up so much pressure in terms of monthly expenses, people in those countries either walk, take a bike, or commute to work cuz their public transport is excellent and their side walks are actually wide enough for people to walk on. Car instalments, insurance, parking, tolls, maintenance, etc can easily be another child worth of money.

@ikky_mkb 2 года назад

@XooX YooT weather is barely an excuse tbh. Countries like Japan has way harsher summer (up to 40c daily during summer easily), has their fair share of rainy seasons, hailing/snowing winter, etc. but they still commit to walking/riding/commuting to work/school without fail.

@farhangalantino2425 Год назад

Actually as tourist, i could travel around malaysia for 10 days with my parent (3 people) for around 3,5K. And with that amount of money i could hop on to any cafe that i like. So i dont understand what makes KL so expensive. In my opinion living in KL was much more cheaper than Jakarta.

@wanshah1377 Год назад

Actually, i dont think so. The problem with some people (a lot), they provide unnecesarry high education. High end nursery, 1 year 22k. Nothing special. Everyone race their child to read as early as possible. For? Let them enjoy their infrant life. And the more u supporting this in your system, there will be a lot more coming up. Expensive and more expensive of unnecessary things. If u stop supporting, everything will go reasonable price. Society also shld be blame.

@tinkerbell66666 Год назад

@@wanshah1377 yup. My sis send her only child, 3 yr old, to a rm3k/month kindergarten. And she's not working. I would rather just put that $$ in the kids acc. She buy take out almost every meal and she dine out every weekend. And here i am spending barely 1k monthly for my bills, food & shopping as I hv fully paid my house & car.

@wanshah1377 Год назад

@@tinkerbell66666 Yup.. thts wht i tried to say. Unnecessary waste. Yes, they not lux, but unneccessary lifrstyle. When end of the month, blame everyone said income not enough.

@merahsangkala465 Год назад

Dulu 2008 dapat gaji 7k sebulan, potong mortgage town house, loan kereta motor, loan study, cukai lhdn pundek, loan belajar, sara hidup sebulan, minyak motor, tol apa lancau, tinggallah cash 400, hidup gi keje balik keje, tu pun tengah bulan makan masuk buku, 2014 jual rumah, beli tanah 3 ekar, bayar segala hutang, sekarang usahawan tani, walaupun gaji tak tetap, kepala hotak dah tak serabut hadap jem apa lancau kat cheras nu, syukur pada tuhan

@lovedsky1114 Год назад

Macam mana nak jd usahawan td ye?

@Hellibra Год назад

Cibailah aku suka story kau. Mantaaappp!

@mikegoh2569 2 года назад

I think you could do a video on how to save on some of the expenses. Yes, it's tough but some of the expenses may not be necessary. For example, you can cut down on diaper costs by removing the jell and insert folded cloth diapers esp at home and potty train the children early. Insurance is another area that folks are overspending. You would only need about 2-3 years worth of your annual salary for your surviving spouse to tide over. Medical is covered by the company and you don't need to spend excessively. Anything more is just holiday sponsorship for the insurance sales guys. One spouse could look for a job that is not far from LRT stations and that would reduce the need for 2 cars. Or rent a place near the LRT stations if possible. Save less initially and build up it gradually via EPF savings. This will reduce the need for the high immediate savings that you are proposing. One way is to try to increase your personal EPF deductions to more than 11% every year. This can be done by having annual increments transferred to EPF instead of being spent. This way you save 2-5% more every year. Before long, you are saving up to 25 - 30% or more annually in your EPF. Maybe the baby sitting can be done by your in-laws. You can send them to early kindergarten instead of leaving at the baby sitters the whole day. Space out having children to 4-5 years apart so that you don't have to spend a lot on milk and diapers. You only spend the essentials for one kid instead of two. This way, the other would have been weaned off milked and diapers by the time the 2nd one comes along. Ask for phone and internet subsidies from new companies that you are joining as it is a norm for a lot of companies to pay their staff for the mobile and WFH expenses. There you go. Some ideas for your new video.

@farhangalantino2425 Год назад

OMG i agree with you. If you are living around KL, you could literally ride a bike / car / grab to nearest station, from there take public transport. Public transport in KL was hella cheap (this statement coming from Jakarta tho). I could even travel around malaysia for 10 days with my parents (3 people) for 3,5K. So i dont understand why local people have extremly expensive expense.

@cavegirl8052 Год назад

@@farhangalantino2425 well, not many realize that having kids do need to sacrifice some comfort (wants). Like even my friend and her partner make lesser than that afford 7 seater mitsubishi, a hilux, a house with 2 aircond and 2 kids below 5. 💀💀 poor choice in their money management.

@Nathan-rp8cg 2 года назад

Rm 10K might depict a lot of money, try to factor in inflation rate ( approx 3% in Malaysia). Plus with ringgit depreciation., that will explain why we don't get enough buying power . Don't forget on average most Malaysians gets 2% annual salary hike, worst case some end up with 0.😂

@Tennyson999 2 года назад

normalize leaving companies. currently working with a well known mnc and im basically a fresh grad and managed to get 5k/month after working a few months in a smaller company. im planning to leave in a year at least to work with an overseas company and mostly staying here to build up my skills. maybe i'd stay longer if the increment is decent or a good promotion lol

@sabrinamarzuki7284 2 года назад

@@Tennyson999 whats sector youre in?

@Tennyson999 2 года назад

@@sabrinamarzuki7284 finance but in IT role

@mohdhafiz9955 2 года назад

And you need to remember that most of the people live in kl depend their life with salary below 3k, for people that live with 3k , 10k sound a lot

@aziris7257 2 года назад

Astro? Who needs that? I use UNIFI home plan, got cable tv included, everything costs less than 200, assuming I don't subscribe to unnecessary channels. Rekreasi? Pergi taman permainan atau beli Wii sekali tak boleh? Main wii sama dengan anak-anak. Perlu ke rekreasi sampai 500 setiap bulan? Setiap minggu pergi zoo ke apa? Makan sampai 1700 sebulan? Mesti banyak makan luar kat restoran western kan? My monthly food expenses is less than 500 a month for 3 people, because we don't eat out at all and when we do, we don't do it often. I don't know what cuckoo is. Maybe it's just my poor guy punya ignorance, but cuckoo tu apa? Boleh makan ke? I don't understand these people with 10k a month salaries. It's not enough? Then make it enough. If you can't afford it, then don't buy stuff you can't afford. Us in the lower bracket can live with a quarter of that. How about instead of spending like dato' and datin, try to bring yourself down to our bracket? Is entertainment really that important? So what about us? How do we live with less than a quarter of 10k? Are we all committing suicide from stress?

@sitinorhassan5253 2 года назад

Cuckoo tu penapis air. Yang pasang terus kat sink tu. Ada sesetengah penapis air boleh terus dapat air panas tak payah jerang atas dapur. Bil elektrik tak tahulah berapa kalau pakai barang macam tu.

@Hi-zx9sl Год назад

Me thinking how is 10k not enough, 10k can give most people a pretty comfy life

@jongjunsheng1401 2 года назад

I'm a single guy living in subang area . All expenses added , I only spend RM 575 max . I don't add my room rental cost for its deducted from my salary and I only spend 1/3 of my total salary. I try to cook at home most of the time , walk to work ( it's really near ) , use free entertainment ( telegram channel movies ) , use the cheapest unlimited data plan ( umobile) , and I'm also cutting down on insurance. All in all , I believe RM 2250 I quite enough for me to live comfortably in subang area.

@mohdhafiz9955 2 года назад

Only if you are single, but if your are married that amount not enough at all for me

@jackjackyphantom8854 2 года назад

@@mohdhafiz9955 Don't worry. I'm sure there's Bumiputera policy to ease ur burdens.

@danielchong9 2 года назад

Some comments. 1. Pampers try potty train them early. Pampers cost a bomb but TRY only la yah..My kid still wearing..Haha..I try to search for promo. I will divide them per piece thanks to my wife for teaching me this. Reasonable price, 0.40 cent/piece. Dont be decieved by the low price but the number of pieces also low. 2. Milk powder. My wife and I opted with fresh milk. Sugar content is lower and better for the kid. Dont buy into the milk powder crap. 1L of milk cost around RM6-RM7, last 3 days. Huge saving compared to formula milk. I opted for Tesco fresh milk, taste can give FF a run for its money. Want cheaper, go for full cream, Tesco brand go as low as RM4. 3. Cars. You guys in KL, PJ got public transport. Work at places with that facilities. I work in Pg. No choice but i try keep my installments low. 4. Groceries. I put most of my monthly commitment in my CC to collect points. Once enough points, I redeem for vouchers to get my groceries. I usually get those non perisable ie toilet paper, detergent, etc. 5. Hourly house maid. I do the house cleaning myself, which can be quite tiring and time consuming. Only op for maybe every 4-5 months once. 6. Electricity bill. TNB rebate ending soon, its going up soon. What I'll do, dont on for as long as possible. Cannot tahan? go shower. Still cannot tahan? On for awhile, put the setting to dry mode if you dont have the inverter one.

@benzpinto 2 года назад

good advice

@ishvararameti8007 2 года назад

Thank You for your Good Work

@Ryoangie 2 года назад

Legit question : which part of PJ got 1.5k rental for 3 bedroom?

@MrMoneyTV 2 года назад

Puncak Damansara, park avenue, Kelana Jaya area, yes there is.

@Ryoangie 2 года назад

@@MrMoneyTV Thank you! really appreciate your reply!

@whybotherha1021 2 года назад

OKR area..

@REDREDStrawberry 2 года назад

Hard time breathing with everything so expensive. In Singapore, normal Jap/Kr 1.6Lcar installment, season parking, petrol, insurance, car maintenance(Servicing) and ERP(toll) ~2000 Sgd, early childhood per kid ~1500 Sgd.

@marioratatouille2148 2 года назад

That is why many west malaysians prefer to work in Sarawak or Sabah. Less Tol, less jammed, less headache while having all utilities needed. Going to hometown only when holiday and to meet with family.

@bunnystrasse Год назад

Got jobs in east Malaysia??

@autumninmyheart878 2 года назад

If you want to live within your means and save some money start tracking your daily expenses, use excel spreadsheet and at the end of the month highlight the expenses that you can live without eg. eating out, watching movies ... etc. The problem with most people, they can't differentiate the needs and the wants. Yes, you need to eat but you don't hv to go out buying food every single day. Try having home cooked meals instead.

@christyryuu 2 года назад

I’m trying 😭

@noddingbart6915 2 года назад

Vasectomy price, around RM3k. Worth it!

@JesusSucksUrDick Год назад

till u hit 45+ year old, you're miserable and bitter , by 60+ you live alone and no one taking care of you.. end up dying alone with regrets

@azimyusof3869 2 года назад

terbaik video abg, keep it up! 💪💪 hope people more aware of their budgeting & have new thought after watch this video.. on having child tu, dont be afraid to have one due to limited budget, just need to plan wisely 😑

@jajabinx8 Год назад

Best way to manage your spending is by structuring your expenses in hierarchical order. From health/insurance to leisure. Its not comfortable since by the end of the month you wont have much to pamper yourself, but at times like this its more about survival and not getting yourself in a debt trap/rat race.

@denganituingatlahdia8867 Год назад

I agree probably can cut the air conditioner for insurance since the electricity always add up when we use ac

@UnoAniki Год назад

Haha I do agree with this, living in KL not cheap ooo even if you are single. Now i live in a kampung at Terengganu (used to work and live in KL), although it's way cheaper but still it cost some money to live somewhat comfortably 😁 now imagine, me, after i had a heart attack two years ago, I lost a fair chunk of ability to work. Even though I'm single and living in an owned house, RM1k is barely passable, so now no steady work/income, i had to let go alot of things. So sad, no more car, no more makan angin, no more entertainment but just youtube, no more makan² outside 😢

@kasikpecah 2 года назад

Everytime my foreign friends come to visit KL, they always say Malaysians are so wealthy as everyone drives a BMW literally everywhere on the road.

@noodlelicious. Год назад

Wealthy with loans and mortgages and bills yes

@SQUAD012 Год назад

I've lived in kl all my life. I can assure you. Yes, it is freakin expensive. Me and my 3 siblings live with my parents and as of now, for bills, house/car loan, maintenance house/cars, groceries, we took care of all of it with our measly minimum wage. Then we also have to cover our own personal needs & Honestly it's not enough. There is a difference between living comfortably & surviving. What we all want is comfortability & not to barely survive each day. Work is hard enough & I don't need to feel hard when i come home.

@peterchin7796 2 года назад

good job, a sensible estimation there

@leonardchua3999 2 года назад

Also for those parent that have retired and can't support themselves..allowance for parents will have to be taken into account..

@MrMoneyTV 2 года назад

Yes indeed

@danielmahli7564 2 года назад

hope no one comment pelik² like "ehh my place is cheap" "ehh my place is enough for rm3000".. remember, the title is for KL .. but yes still want to say rm3000 like that is enough of you live in bintulu sarawak , depends on what type of people you are 😅

@stanolimo 2 года назад

Need to also add in Doctor's consultation fees and medical bills. That is not cheap for the whole family. Having 1 child alone will need to spend a lot from prenatal to postpartum. It's a crazy country we live in. Only the fittest survived.

@bbyingji 2 года назад

More reason to go child-free. I will only have enough to take care of my elders anyway.

@andytan1430 2 года назад

I think our currency rate also plays a part and it is quite painful to see our currency rate dropping drastically. The more bank notes we print . the more the value of our currency depreciates.

@heroicdesire4398 2 года назад

Yep i agree.. I can think 2 main source why our currency dropping. 1) we hv to many foreign workers working in M'sia. From my knowledge, they (foreign worker) would send most of their salary(that they get in RM) back to their country. Because of this, M'sia always need to print new money to "Topup" the money we lost because it being sent to other country. 2) online shopping. Take Shopee as example. There also hv seller from Mainland China selling in Shopee. It's a fact that they usually selling item cheaper than local seller. Because of this, as a buyer, we would be more interested to buy from 'them' than from Local shop. When this happen, "We" Malaysian also send RM to foreign country. Our Import and Export not balanced.

@andytan1430 2 года назад

@@heroicdesire4398 Never forget the financial scandal that shocked the world by storm 🤣 and E-Belia may be the reason why as well. You see the government wants to help the economy by encouraging people from the age 18 - 20 to spend money , in order to boost our economy. By doing so , they have to "print" more money to distribute to these group of people , which in return is going to make inflation higher

@xzw8911 2 года назад

pariah politician from government ma🤣🤣even taijuddin pukimak also can become Envoy for malaysia with indonesia, what do u expect for our currency🤣🤣u just pray our country doesn't go war with Indonesia due to his mulut celaka🤣🤣

@andytan1430 2 года назад

@@potatoeskimos In the long run, this is the reason behind our depreciating currency. We printed too much of bank notes over the GDP growth

@yagooatthegoat 2 года назад

Move to kajang the houses are big and cheaper food also better 👀

@wanasiah3387 Год назад

Very meaningful video

@imranoyusof Год назад

RM18,000 = $4036 is the same amount I need to live comfortably in the US state of Indiana. It’s crazy how expensive is KL now, I used to live there about 10 years ago before moving to the US. I remember my parents used to pay $300 per month for rent in Cheras, KL back in 2010.

@walter-st3fb 11 месяцев назад

yes rm18k is high but he is calculating the expenses for a family of 4 that is living pretty comfortably

@cccsss123 2 года назад

7:03 With all respect, I think its better to plan saving before plan for entertainment. Isnt that suppose to be like that? Yes, it would left a little for entertainment but what can you do? Find better way to entertain yourself and family.. not necessary spending money, there are a lot of stuff that calms you down, relax your mind or provide you entertainment.

@terang5189 Год назад

Rm2500 for food a month? That's crazy! Man, I earn rm3500 and I have plenty for saving. Monthly expenses is around rm1700 after splitting with wife(her portion is alot less). Rm400 on groceries is enough and plenty to cook with. Why do people fixated on living in dense area while you can live in less dense area where you don't need aircond to sleep at night? For child care, rm1000 a month is just too much. 2 cars per household? Why though? Why can't a partner take public transport to work and the other partner fetch then to the station? You can save a lot more too. You can save a lot, work less hard and consume less time when your expectation on life is lower and with good discipline. Plus, that sort of living will hurt the planet even more. I think a lot people in KL are too materialistic, wasteful, spoiled and are out of touch.

@mattzah8284 Год назад

Biasalah geng M40 mmng mcm tu...tu semua atas sendiri...diorang sendiri letak diri diorang kat situ...kita yg gaji 5k kebawah ni relek je....semua apa dia listkan kita boleh buat...

@1jh963 Год назад

Every one meal per day go to enrich the restaurant taukeh

@mohdnazaruddinshamsudin7341 Год назад

Haha2 sama2 lah

@jaydenfoo9049 Год назад

Live like that better don’t live

@terang5189 Год назад

@@jaydenfoo9049 see the problem? I'm an M40, I live a modest live and I'm content. Have ever thought about the B40? You wanna say that they should kill themselves? As you ramp up in income and say that your life is hard, you're actually stomping on the bottom. That's the point that I said that people in KL are out of touch and spoiled. To live 100x times better than the bottom and say that your life is hard while flaunting your wealth.

@benzpinto 2 года назад

recent COVID really made many people suffer financially. many brick n mortar businesses died a slow painful death.

@Unknown-co6mo 2 года назад

Well, if you always shop in shoppe, you gotta get around 5gb for every rm50 purchases, and you can try buy your groceries in thats platform, and port to yes plan, subscribe rm10 500mins call per month, u got to save your phone bills, plus if u make use of the discount or whatever u know, u really2 can cut down the costs alot more

@raninrai2849 2 года назад

my brother just started planting. going back to our farmer ancestor style.

@Hellibra Год назад

Planting apa bro? Citer sikit.

@lindadorman2869 2 года назад

Wow, I live in the US and am moving to Malaysia where I can lower my cost of living and enjoy life more! My needs are simple...single older person, no children, no car. I live on a fixed income so in either country, my total budget is RM 9000 (US $2000). Housing is the biggest expense and my rent in Malaysia will be 30% less than in America. I don't know how families manage the high cost of childcare.

@travelerforever8849 2 года назад

Then you can compared both countries right? I know many are struggling in many countries since the covid and economic downturn. Hope you doing well when you moved to Malaysia eventually.

@AmiynalAnsare 2 года назад

When I left the mid-west I was getting around $3000 per month, un-married,. no kids. I moved here and that changed to RM3800 back in 2013. A few years and job changes later, and I get leas than 10K to the bank each month. Being single, you will be way more comfortable than what 2 grand can get us back home.

@itzwillow5220 Год назад

Even a bachelor living USJ, my expenses cross 12k RM post Covid

@mr.kabana274 2 года назад

My brother and his wife both working and stay at cheras.. Income around rm6000 but live in tiny apartments that only have 2 bedroom..

@_zer05ive Год назад

Ever wonder why companies have financial statements to measure profit or loss, financial position and cashflow? Specifically because of this. I think it is very good for individuals to have their own personal financial statements. Any suggestion where can I find this service?

@studswat87 2 года назад

After watching this, getting married and having kids feel like a death sentence. I'm so glad I'm not married with kids.

@lilylily9971 2 года назад

U will be lonely when u are at 70

@studswat87 2 года назад

@@lilylily9971 Robin Williams once said "I used to think that worst thing in life was to end up alone. It's not. The worst thing in life is to end up with people who make you feel alone".

@frog6054 2 года назад

@@lilylily9971 And what if your children won't be with you anyway when you're 70 years old? And who says 70 years old have to be lonely? Plenty of happy child free old people out there. Having children does not guarantee happiness at all

@WisdomRose 2 года назад

@@frog6054 Agreed. A lot of people in this country treat having children as a form of ROI for their old age and they never look after their own health when they were younger. Never mind the fact that once a child grows into an adult, they will have a lot of priorities in their own lives in order to earn a living for themselves and their own families including any future children they may have. Imagine having to look after both their children and elderly parents at the same time. I have seen it myself and it's not easy at all. It's no wonder many elderly people end up in old folks home even though they already have children of their own.

@Ogjfdnhgo3193 2 года назад

@@lilylily9971 stupid lily...too young too naive

@shddupjia7569 2 года назад

Well Said

@haziqkamaruddin1631 2 года назад

Seeing people struggling financially really breaks my heart especially dealing with high household commitments.

@NokiaHumanForm 2 года назад

Me watching this while my household monthly income is less than 1500 😔😔

@Kennyk522 2 года назад

1500 to get a 3b2 house in pj? Me and my friend living in a 500+ sqft unfurnished old studio apartments already costing us rm1200, and this is still slightly below the market price. don't get me wrong you probably can get a 1.5k house in pj but I don't think 1.5k houses in pj can make you feel "comfortable", they probably old and lack of maintenance just like my condo. I think 3k is still a fair price to get a "comfortable" houses, is it just me being too greedy for that 🤔?

@AmiynalAnsare 2 года назад

After tax and EPF I get 7700 in the bank as an IT engineer. My wife, an O&G engineer at 'you know where' recieves around 10 after tax and EPF. We have two kids, 6 and 8, and live in Titiwangsa. @MrMoney is mostly correct about, but there is no way to save 4000 per month, and my electric bill is 500 to 700 (IDK why.. I only use the a/c overnight and bila siang kalau sangat panas je). House loan 1.5 car for 1 Honda 9 yrs, 950 (finished already) 2000 entertainment, no freak' way, even for my 1st world immigrant standards.(sounds nice though) Food... in the city, penat nak masak setiap hari, so kalau makan takeout sebulan, mungkin harga naik 2k. Better cook at home, for health and wealth.

@jaydenfoo9049 Год назад

Curi electric la

@dilyaTebya Год назад

Maybe Aircon too old? Can try energy saving ones.

@sjneow 2 года назад

I can't brain how you spend rm2000 a month for entertainment. “pamper yourself” is a very dangerous mindset, too vague, you need to set clear targets. Like “I want to go for massage once a week” then you can always have the budget in control. Also, take up a hobby, as long as it is not “shopping” most hobbies can keep you entertained for a long time for a relatively low cost.

@holypredator 2 года назад

Go genting theme park every week with his wife for entertainment. Seriously, his calculation makes no sense. RM2.5k for food when you are feeding only 2 people since the kids are still infants drinking milk is like you eating at a semi-fancy restaurant every lunch and dinner or fancy restaurant every dinner. Also, why throw in "savings" in the calculation? RM4k saving is a lot and it is 1/5 of the RM18k salary. We have EPF unlike people from the states or UK and they don't even save 1/5 of their salary.

@mr123undead 2 года назад

This comfortable living is T20 lifestyle in a nutshell.. T20 who happen to be driving an axia😂

@hilln8467 2 года назад

Rich people mindset 2k to have fun..while me watching youtube fun already

@leealex24 2 года назад

@@hilln8467 Good for you that's a blessing, those rich people don't derive fun from watching youtube.

@jasonc5508 2 года назад

Don't forget EPF and income tax as you will realize your take home pay will be lesser after deducting those....

@wailengchong5795 2 года назад

I realised that there is a way to beat this: get out of the system 😁 We did just that by not sending our kids to school; not being led by conspicuous consumptions; and not subjecting ourselves to the working world. This greatly reduces our expenditure and stress levels.

@ariffjasmani8729 2 года назад

Exactly. You need to be truly courageous to do that.

@ohgin12345 2 года назад

So you are not vax as well right?

@wailengchong5795 2 года назад

@@ohgin12345 fully vaxxed according to scientific data! we need to follow the science lah 😅

@frog6054 2 года назад

I've seen so many said to get out of the "system" but how exactly?

@wailengchong5795 2 года назад

@@frog6054 To be healthy, one has to detox the body from all the toxins accumulated over the years. And start inputting healthy lifestyles and making healthy choices. To be happy, a similar process has to be taken. It’s a gradual process that does not work miracles. But the fruits of one’s labour is assured to those with a clear vision and a determined resolve.

@travelerforever8849 2 года назад

Its hurtful watching this video but I watch it anywhere. I know a lot of people who struggling daily. I personally know 2 families who earned only Rm900 per month (thats per household). Thats why many go picnic or go for family outing at free park or natural places. Many struggling but they hide it well.

@lozhenhong6656 2 года назад

10k still ok in Penang

@fit3z184 2 года назад

I'm a husband solely working, with a wife and 2 kids. I'm happy to say I'm living a good life got a house and a car, plus can still go for a short vacation in Malaysia. In Islam, we call it rezeki (sustenance). In our belief, if the work and incoming is halal (lawful), ''God willing'' (inshaAllah) is just enough.

@bunnystrasse Год назад

Luckily you don’t have more kids….if not, your money will have to split between three kids instead of two and then each kid has less. 👍🏼

@fit3z184 Год назад

@@bunnystrasse I respect your view☺, may all of us have a good life and be strong especially in this current time.

@khairulhelmihashim2510 Год назад

@@bunnystrasse , having a non-working wife could easily save rm1000-1500/month in children daycare centres fee.

@noodlelicious. Год назад

Sounds like your toddler don't go to preschool at all.. there is pros and cons to that. It's also amazing that you don't give your wife a break from taking care of the kids. I think every mom deserve a me time once awhile. While they don't complain, it may takes a toll on their health and these diseases may manifested in later life. But who knows, maybe you guys live in a communal house or neighbour, kids can be send to their grandparents house for free... Not everyone has that privileged tho.

@bunnystrasse Год назад

@@noodlelicious. ya lor

@lightdarkunknown9898 2 года назад

With that kind of living expenses, working multiple jobs(day job and side hustles) and are becoming a necessary. Will our children have to work even more jobs and investments just to survive in the future?😢😢

@jeremykhew147 2 года назад

Thanks to massive inflation, RM10k is worth RM7k value (of a year ago). Everything rose 30% nowadays.

@charlesalex3601 2 года назад

Want to save by buying Axia, but then allocation for entertainment is rm2k???? Food rm2.5k??

@MrMoneyTV 2 года назад

Well, I prefer to spend on experience. Such budget allows a family with comfortable flexibility to spend. Like kids can go sunway lagoon, can makan without worrying about money. When go family a gatherings you may even hav budget to buy the meal for everyone. On the other hand, u can also pay 3k a month for a nicer sexy car. But give up on the flexibility to spend on experience. However, most people still spend on entertainment n all. How can drive nice car but can’t afford to go makan at TGIF kan. So at the end of the day, they sacrifice savings n investment. 🥲🥲

@Yakchew 2 года назад

chill la this is just a rough estimate for all of us to have a wider view ma. if you think your spend is lesser then you deduct yourself lor.

@mr123undead 2 года назад

Let be honest, this is T20 family lifestyle, you go sunway lagoon every month ker? You go genting every month ker? You makan outside restaurant every day ker? 😂

@fahrersurf5422 2 года назад

it's up to individual regarding their expenses.. but, bear in mind, it should be reasonable and appropriate.. many things should be redefine first.. just take entertainment,.what actually consider as entertainment? are they only limited to movies, theme park, concert etc, only? if people locked on their mind this kind on mentality..for sure it will cost a lot..

@fooqaw Год назад

My household income is rm14k/month with 4 kids. Sadly, we can't afford to pay for any insurance. Every ringgit habis utilized every month.

@lovedsky1114 Год назад

True..same salary like u..all my kids go to klinik kerajaan..tu pn dia suruh beli ubat kat pharmacy luar katanya takde stok ubat..realiti

@vkongv 2 года назад

My heart stopped when you were halfway through the list

@tanchengs5502 Год назад

A chunk of their income goes to owning 2 cars at home. For the average income in Malaysia, having two cars for a family is too much. However, public transportation is still not developed enough for daily commuting.

@rayson0101 2 года назад

We use to go shopping and entertainment per week for about 150 per trip in some small town few years ago, but not we need 250. Life is hard in this country.

@KhaiFirst Год назад

how come api/elektrik so low ? what sihir is he using ? explain!!!

@AnnoDomini100 2 года назад

Problem with alot of youngsters nowadays is that their parents pampered them with luxurious lifestyle when they were young. Secondary school and College students enjoy hipsters lifestyle like a salaried person earning RM10k p.m. After graduate only realise starting pay for private sectors is only meager 2k - 3k pm depending on industry and type of jobs.

@cherie4665 Год назад

This obsevation is true to a certain extent, especially if your social circle is mostly middle/upper class. There are also less fortunate kids who grew up poor so they don't have safety net from family and even have to send part of their salaries to their families.

@AnnoDomini100 Год назад

@@cherie4665 the less fortunate ones will not undertake hipsters lifestyle unlike M40 and T20 kids, hence they are more able to "adapt" the low salary regime in our job market...

@bzoned9808 2 года назад

i live in KL (keramat) and only spend RM300 a month. I do have a RM1,100 monthly house, but i rent out two rooms for RM500 each. Its easy to live in KL if you dont have a car.

@AnnoDomini100 2 года назад

Agreed, once you buy a car regardless of Saga or BMW, you will start to incur heavy expenses of maintaining the car, paying tolls, parking, fines etc...

@muhdakmalAmin Год назад

So how do you travel around bro? motorbike? use LRT? commute with RapidKL buses?

@muhdakmalAmin Год назад

@@AnnoDomini100 Same thing with owning a bike. You still need to pay for maintenance and such. But every man to himself. Our public transportation sucks big time now.

@mcmltr 2 года назад

Rm1600 is very normal already for house rental or house monthly loan.. even if you live at Seremban, Penang or JB.. also almost same.. even more higher.. and I think not neccessary to spend until Rm2000 per month for entertainment.. too expensive.. and entertainment is the last last thing that we need.. when you are living in struggle.. then you will have no mood for entertainment..

@Alozhatos 2 года назад

Back in 90s middle incomers live comfortably. Nowdays middle incomers now a new pauper.

@MrMoneyTV 2 года назад

Agreed. That time buying a house in pj is so much cheaper.

@SyafiqSuhod 2 года назад

Good sharing, every person may varies and it is not wise to judge other people expenses, saving and laibility. Diff people diff stories.

@jeanchientay3069 2 года назад

Nice watch man

@ISTSME Год назад

RM30 for water 💧 are u jokes...RM250 for electric if my house 4 air cond almost 1k...to life comfortable...not include house instalment double story RM4800 per month...transport more school more for kids min RM800 each kids...not include food...pampers...milk

@vigthegreat 2 года назад

How come some of your videos goes to private? I referring to your discussion with Frankie on Recession.

@MrMoneyTV 2 года назад

U can catch that on our podcast next week :)

@izzuddinmnasir4884 2 года назад

with these kind of commitments, Malaysians would delay even more marriage in the future, even im not ready on anything working for 4 years worth of rm2k salary... even cheapest housing is around rm100k in KL if youre lucky....THIS IS WHY BUYING POWER needs to be address if goverment complain why the population decreasing, then give us house FOR FREE, end of chapter

@bibubabobi9190 2 года назад

Marriage ok lagi..can share cost.. its having children that people might be doubting..which like you mentioned will decrease upcoming population.

@shadowalkerzzz 2 года назад

Yes, totally agree. Even sendiri also merely can survive on our own. How about having wife? Then kids? Marriage ??? Out of question already, single people who not yet get married will be thinking 100 times. Thats why many people prefer to be single than getting married.

@jackjackyphantom8854 2 года назад

Okay lah, Malays have Bumiputera privilege, so no worry! Poor Chinese and Indian!

@izzuddinmnasir4884 2 года назад

@@bibubabobi9190 dont take my word for it, some of my cousin married bare minimum salary can still thrive for years

@leealex24 2 года назад

@@izzuddinmnasir4884 Just move to smaller town.

@bungaraya19082013 Год назад

Most of our malays life like a rich person. Their monthly income just Rm 5,000.00 but their lifestyle like a person who have monthly income Rm 8,000.00 n they use debt or credit card for leasure life. If you want to life comfortable, you have start to save half of your monthly income as early as your first job. My son n my daughter who graduated university, since their first job, have been starting save half of their monthly income. Both of them as long as 3 years go to work take public transportation n their lunch stuff they bring from home. After have been working for 3 years n have enough money both of them by toyota Vios 1.5 G n Honda City highest grade, everyone paid d/p Rm 35K with term of installment 5 year (60 months). And at age 30 years both of them have fixed deposit account more than 350k each. And they don't have, and never use credit card n make other personal loans. Next year they have plan to have their own home. Syukur Alhamdulillah right now both of them may life in comfortable n happiness.

@Hellibra Год назад

Clever daddy.

@vermouth84 2 года назад

The prices for groceries might increase next month , the food and necessity expenses might gone even higher , some might say take mykad 50 la why drive .. this based on your job if you’re salesperson , you need car for job flexibility right ? If you got children , a car will be needed to reach in most situations

@arii1987 2 года назад

I agree with your title. I know this from experience. And I don't even own a car.

@MrMoneyTV 2 года назад

Yes. That’s why actually when driving big car while earning 10k-20k, it’s not gonna be a comfortable life n need to squeeze savings

@kacang110185 Год назад

Totally agree with Mr.Money,living in KL/PJ totally expensive.

@johnpillay1816 Год назад

3000 for food & groceries is a bit much. My wife and I work and cook and we only eat out on random days during the weekdays. Our groceries and food never amount more than 1.5k and we're literally living near Klcc.

@khairulorama 2 года назад

True, hey hey.

@SiroccoSeven Год назад

me going back home. sat down and discuss with my wife what is living comfortable means. wife picks up the phone and calls the lawyer asking to prepare the a divorce plan.

@Justineexy 2 года назад

I do believe I live a very comfortable life in Puchong.

@MrMoneyTV 2 года назад

Haha that’s good

@danialmuhamad6400 Год назад

One thing ive come to realize is that, doing sustainable business is much better than working for a monthly salary regardless of the amount of the salary, yes u have 10k per month and that will set ur spenses high, and end up with no savings, because u know ur getting another 10k on the next coming month, the higher the salary the higher oppurtunity to purchase higher value cars houses and what not, and ended up with no savings...and u spend half ofnu salary just to go to work so u spend what u get to go to work...im now doing few different businesses i invest on some businesses and doing my own business as well...but i do most of my work from home...my income is 10k clean...i buy 2nd car cash at 50k vios 2017...my monthly house payment is only rm900...monthly spenses is around 3.5k...and i have 40k savings in my bank...and im gonna make sure my cash reserve will always be around 40k...thats just my cash reserve...and planning to do asbf force saving for later days...these days its all about doing things wisely instead of following the trend...

@Hellibra Год назад

Good good.

@seanchen9265 2 года назад

Always welcome to develop Sabah & Sarawak.

@arieschin Год назад

In Sarawak, you are on Tourist visa for 90 days only, renewable twice only, and you are not allowed to work - unless you are Sarawakian.

@seanchen9265 Год назад

@@arieschin ah, I just knew that as a sarawakian hahahaha, sorry

@davidtakius 2 года назад

Not to mention that our currency is depreciating fast, we all are spending more MYR to buy expensive inflated goods & services.

@sabahangearlife9414 Год назад

I always say people never said enough about their income include my self even people will say making 20k still not enough for living .

@suhandatanker 2 года назад

10k??? Mate we struggle to live with 3k, and 80% gets taken away for rent...

@wongmotion5467 2 года назад

who eats for rm1,700 in KL, unless they always order out. also i dont understand why yall keep saying living expenses in kuala lumpur is expensive, guess yall never really been to sabah.

@MrMoneyTV 2 года назад

That's what our editor says.