Personal Budget 2010 | Malaysia's Financial Blogger | Financial Freedom Ideas

Can You Survive With Salary RM3,000 If You Have Family? [ March 16th, 2010 ] | 252 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?

My Personal Budget 2010

my_budget_2010

Year 2009 going to the end soon, I have achieved what I desire through this year of 2009 and it has been a challenging year for me since I have found my direction towards my future goals. Over the past 10 months, I had put more time, effort and dedication on something that I never discover before. Honestly, I have just graduated from my training industry. And now, I am quite ready to do business.

While everyone is expecting for economic improvement next year, there are measures that business and finance sector can take part of their roles to increase the chances of success. Hopefully year 2010 will bring economic growth and recovery, but most businessman and marketers know that they can’t afford to wait and see what happens. Now it’s the time for us to find some ways to generate improvements for ourselves.

For most of the company, year 2009 hasn’t been the greatest year. Many experts argued that we’ve just passed through 1 of the worst years in the economic history. However, I think most of the people would take that as their experiences and need to do build the foundation for a great comeback year in 2010. I have my own plan already. So, what’s your plan?

My Personal Budget 2010: What Will Happen In My Year 2010?