2009 November | Malaysia's Financial Blogger | Financial Freedom Ideas

Can You Survive With Salary RM3,000 If You Have Family? [ March 16th, 2010 ] | 245 views | Leave a Comment

Do you think that you can survive with salary RM3,000 in Malaysia nowadays. Based on my personal survey, I noticed that in Malaysia, the average family income is RM3,000 per month. But, I do understand that there are still many families whose monthly income does not reach RM3,000.

monthly_salary

In order to make calculation simple, let’s take RM3,000 as the figure:

Electricity bill: RM40 (Assume no air-con, no water heater)

Water bill: RM10

Phone bill: RM100

Family meal: RM900 (3 meals on RM30/day)

Car repayment: RM450 (A Perodua Myvi, 5 years repayment)

Petrol fees: RM150-200

House repayment: RM550 (Assume living in low medium cost apartment)

Personal insurance: RM400 (combination of you and your wife)

Total monthly expenses: RM2,650

All the above calculation have not taken into account when you have own children. Besides, the EPF and income tax haven’t deducted. So, do you think family with salary RM3,000 enough to survive? Obviously, you will say cannot, am I right?

Leave a Comment | Posted in » Economic Analysis

PIKOM PC Fair 2009 (III) Venues and Dates

pikom_pcfair

The last PIKOM PC Fair of the year has just started. Have you marked your calendar? This year, I will not plan to buy anything in PC fair but will try to go there to get some promotion price lists.

This Pikom PC Fair (III) is a good opportunity for all the students who on school holidays as they can plan to earn some part time income there. There are a lot of PC fair job vacancies posted in asiaparttime.com. The pay is starting from RM50 up to RM120. Mostly these jobs only available to KL and Penang people.

What would you want to buy at this coming PC Fair? Here are the PC Fair 2009 (III) venues and schedule in the different states of Malaysia:

November 28th, 2009 | Posted in » News & Announcement | 1 Comment | 1,927 views

Paypal Withdrawal Limit Increase For Malaysian

paypal_withdraw

Do you know why I like Paypal? The reason why I choose it for my main Internet payment gateway is because it’s convenient to sending and receiving money. Besides, I always use it to purchase some items online and receive payment.

It’s good news for Malaysian since the Paypal withdrawal limit is increased from previous US$500 to US$2500. Previously, the withdrawal limit was only US$500 with a service charge of US$5 per transaction. So, if you calculate precisely, the service charge will be 1%.

Paypal Lift The Withdrawal Limit From US$500 to US$2500?

November 25th, 2009 | Posted in » Paypal | 5 Comments | 890 views

Counter Offer During Job Confirmation?

Getting a job confirmation is an exciting experience but be careful not to sign your confirmation letter quickly without looking into all the important points. This is because there are terms and condition applied for your job confirmation, you have to check whether you will be subject to any salary increment as a confirmed employee? Will your job role and responsibility remain the same? What are the extra benefits you will enjoy as a confirmed employee?

salary_increase.

For me, I have to give 3 months notice of resignation. It’s a way too long but if you are planning to stay longer at your current company then it should not be an issue. However, you still need to do counter offer during job confirmation. This is because it’s imperative to know that some employers would not wait until 3 months before a new employee joins. So, you need to think twice before making any decision.

If you very satisfy with your job and position then you can try to bargain more in order to suit your current needs. Besides, you need to do some salary survey and research to make sure that you will not underpaid. For me, I have fully prepared with the next move and planning to show something or offer to my company, which will bring more benefits to it.

My Sample of Job Confirmation Counter Proposal Letter

November 22nd, 2009 | Posted in » Finance Tips | 2 Comments | 2,065 views

My First Advertlets Payout

advertlets_logo

Advertlets is founded by Josh Lim & Associates.

As everybody known, making money with Advertlets is no longer a secret. Nowadays, there are many new and existing bloggers quite actively discussing about this local advertising program in our Malaysia’s popular forum - Lowyat.net. Even though there is a lot of complaints about Advertlets but at least, it does pay me the money in the end. See the proof below:

advertlets_payout2

But, do you know how long can I get the payment? See the date I cashed out the advertising earning below:

November 19th, 2009 | Posted in » Internet Advertising, Make Money Online | 8 Comments | 1,010 views

Malaysia Motor Insurance - No Claim Discount (NCD)

no_claim_discount-1

Do you know what is NCD? NCD is No Claim Discount and this is the thing that every people should know when buying car. If you are buying car for the first time or become the first time policyholder, then you will not have NCD for the first year on the road.

This No Claim Discount (NCD) is only given to the policy holders upon they renew their motor insurance if no claim was made against your policy within 12 months coverage. Let say if you free from any claim within the year, then you will be rewarded with a 25% NCD discount of your renewal premium next year. Else, your NCD for your car will be forfeited and falls back to 0%. In the other words, once you have claimed on the motor insurance then your NCD is gone.

For those existing car driver who is planning to change their car then they can transfer their current NCD to new car’s insurance, even if switch to another insurance company. However, the NCD is not transferable to another person. Let say you have 55% NCD for your existing car but you sold it and didn’t buy another car within 2 years then your 55% NCD will go down 2 levels become 38.33%.

NCD Is Not Just A Discount

November 15th, 2009 | Posted in » Finance Tips, Insurance | 3 Comments | 1,583 views

New Perodua MPV Car: Perodua Alza

Perodua_mpv

The competition between Proton and Perodua is never ending. Recently, quite a lot of forumers actively discussed about the upcoming Perodua MPV - Perodua Alza and some of them make comparison between new Perodua MPV and Proton Exora. As I known, Perodua always make sure that they are not left behind. Some more, we can see that they’re intending to venture into a different market segment and compete head to head with Proton. Nothing much we can compare now, let us see the exterior and interior of Perodua MPV:

Perodua_mpv

Based on the picture shown, I guess this new Perodua MPV could be sized something between the Toyota Avanza and the Grand Livina and be priced near the RM55-70k level.

Perodua_mpv

Based on the overview of the Perodua MPV interior, we can see that the interior looks spacious enough. I think it can fit 7 passengers in comfort. Read More …

November 12th, 2009 | Posted in » News & Announcement, imDavidLee Life | 7 Comments | 10,514 views

Sports Toto 4D Lottery Game

sport_toto

Did you play any lottery game before? Most of the people have their same thinking when plays lottery game; they just want to make fortunes quickly. One of the popular lottery game is Sports Toto 4D. Through this lottery game, you can select your 4 digits and bet on the specific number. Once you bet the amount, you will get a receipt, which is the proof while claiming your winning prizes.

sports_toto_ticket

Rules of Sport Toto 4D Lottery Game

You can play Toto 4D as small or big game. Based on my understanding, there are 23 prizes for big game and 3 prizes for small game and you can get any amount up to RM 3500. The minimum amount that you can bet is only RM1. There are the facts that many people win a lot of money in Sport Toto 4D and you could become the next winner.

November 9th, 2009 | Posted in » Gambling | 3 Comments | 2,827 views