My Trading Adventure

Can I still save with a RM3000 income?

CP TEH
Publish date: Sun, 07 Jul 2013, 11:28 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.



obviously, NO. With wife not working, 2 young kids ... and being just a lecturer, I do not think so a normal person could 'survive'. There are many flaws in the breakdown above ... but let us use it as a reference.

Note : I have updated my 3M stocks, Malton, MRCB and MyEg. Do check.

Will update later,  ... need to go for lunch and classes.

TEH
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Discussions
Be the first to like this. Showing 20 of 20 comments

heeroo

CP Teh... Engtex WA? MBSB? Cliq WA? Ok i try your 3M. If correct you r sifu if not ur math lecturer..hehe

2013-07-07 13:17

Micheal Teo

It all depends in which state a person is working. If u budget frugally it is sufficient for bread n butter. The only savings perhap will b ur monthly EPF employees portion.Mind you rm3k was the maximum pay of a graduate in civil service after 25 years of working before.

2013-07-07 14:46

newbiestock

don save just spend and enjoy life as it is short

2013-07-07 16:33

sean

Depend on how ur lifestyle loh

2013-07-07 16:36

newbiestock

don save don invest fukal investing ler. just enjoy. spend for a good economy then if when economy good bos give more salary and can spend more ler

2013-07-07 16:49

inwest88

Surely the expenses of RM500 is not enough. Just take very basic and minimal ones. Petrol 150, Light 40, Water 10, Telephone 50, Food 450 (4 meals a 15 a day). Total already 700

2013-07-07 16:58

newbiestock

that is why i say just spend dont invest

2013-07-07 16:59

inwest88

Newbie, what are you talking. In this case, there is not even enough to spend, thus issue of investing does not arise at all.

2013-07-07 17:04

CityTrader

i got my first job with salary RM300, not enough. Currently RM9k, also not enough. Our life style has been upgraded along with our income. When i earn RM50k per month, i think it is stil not enough for me to spend. We have to control our greed from within.

2013-07-07 21:15

inwest88

City Trade, that's why one has to live within his means. For some single people, earning 50K a month may not be enough, but for some with, say a family of four, they can live comfortably with 5K a month.

2013-07-07 21:18

Shacks

A hundred or two is totally possible....

2013-07-07 21:43

Hk Wong

If not enough Than how much is enough ????

2013-07-08 06:04

Tang Khangseng

CityTrader, cheers~~

2013-07-08 09:38

kclee

i earn 4k a month only...i stay put to my second hand car, i eat to the minimum, i mean minimum is to be healthy and not luxuries. i been able to save up to 3k per month. bear in mind. INCLUDE petrol, and all other small expensive during the day... im a fresh grad anyway. JUST DEPEND on what is your lifestyle. u can get second hand cheap car? while ur friend driving all those accord or civic in front of u? u can spend your time hobby which use up less money? just like go workout(not at gym, but open public space). can u skip all those "CLUBBING" session with friends? IF YES. then YES u can save much more than 50% of what u earn. Im single anyway. but i bet if its a double life. there is a double earning... girl nowadays should understand what is going on out there.

2013-07-08 09:44

Alvian

@kclee, is it hard for foreigner which just fresh grad from private university in malaysia to get job here?

2013-07-08 09:49

inwest88

KC, it;s unbelievable that you are able to save 3K a month when earning 4K !

2013-07-08 09:51

kclee

@alvian, im not sure about the foreigner stuff... im not into that... cant help here..

@inwest88, just to be informed, i spend almost rm0 on food during weekdays, because my company provide free coupon for food, thats why i dont have to pay for any food. Just to be "right", i've given a small pocket money to my family as a "dishes" money. Fair enough. This amount is practical when i'm single i believe. when you have family, you buy/rent house, u need a better car for your children, then it will be slightly harder. but i believe by the time a person start to have a family. he/she will earns much better than how he is when he just fresh grad aint it?

2013-07-08 09:56

Alvian

@kclee, what's company is that? i want to work with company that cares about their employee

2013-07-08 09:59

kclee

@ALVIAN, sorry i cannot disclose what company i am in... its not right to do so on a public website, with my nick close to my real name

2013-07-08 10:04

Alvian

@kclee, okay no problem...

2013-07-08 10:22

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