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Can You Survive With Salary RM3,000 If You Have Family? [ March 16th, 2010 ] | 288 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?

Western Union Vs MoneyGram

moneygram_westernunion

Most of the people know to make use Western Union when sending money from 1 location to another location, thus Western Union is the most well-known money transfer service around. And, it has more agent locations than other money transfer services. But, do you know what is the main competitor of Western Union? Yes, it’s MoneyGram, actually it’s almost same like Western Union. The procedure is quite simple and it just takes a few minutes to fill out the form and then your money can be sent to the receiver who is stay another side of the world.

As I known, MoneyGram also offer the services like make payment for your utility bills (e.g gas, phone, water, electric and so on). Perhaps in future, I will try to make use of this service to pay several of my bills each month. Furthermore, it also allows you to use its service to top up some fund into your prepaid credit cards.

Why I Rather Prefer To Use Western Union Than Cheque?