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Thursday, July 18, 2013

Income Not Enough?

Here is the thing that we encounter most often...."income not enough?"

A lot of people have criticize the Gen-Y for not knowing how to appreciate the jobs that they have or the opportunities is true to a certain extend but what Gen-Y is complaining have its' valid points...ask most of the Gen-Y and they will tell you that their current companies are no good, income not enough etc.


Well, let us do some simple calculations shall we? Here is a simple calculation....

The average rate for a rented apartment in the Klang Valley costs between RM800 – RM1000 per month depending on location. Car loan repayments are somewhere between RM600 to RM1000 a month, while monthly fuel expenditure is RM 250 – 300 a month; exlcuding tolls. Food tallies up to about RM800, if you eat out everyday three times a day, averaging at RM10 per meal. Add other costs like cigarettes, entertainment, internet and telephone bills and all of that rounds off to about RM3000 – RM3500 a month. Well, if we try to minus off the entertainment, it will still account to about RM3000...or maybe we got a room instead, another 500 lower so about about taking LRT and not getting a that will help our spending to be about RM2000....

And how much are the fresh graduates earning? Anything from RM1.8k to, is it logical that one complained about income not enough? I think it has its validity to a certain extend. Then, when marriage comes, one have to start thinking about more savings...buying houses, etc. Of course, the initial stage, it could be even easier when the couple get to halves the expenses....carpool, stay together, eat in etc. Some even stay with the in-laws but what happens next? Babies? Do we still consider 50/50 on the expenses? Things become an entirely different issue when that happen. What we see nowadays are a trend of getting dual income....working from home, people giving tuitions, online business and others. Are those choices come willingly? No, I don't think so. I have seen friends who took up teaching because they have to.

Income is definitely not that enough to cover for all that expenses...of course, not all is lost. If you are not earning that high amount, try to think of solution...those extra incomes could be of good use. Instead of driving, taking the LRT is not bad especially if you work somewhere in KLCC, Pavillion etc. The surroundings there are good for taking LRT and you could even save on gym since you'll be having your daily walks every morning and evening. The truth is ugly but if you are not earning enough, it's either think of ways to increase earnings or cut expenses.



  1. I would say that finally still depends on how you manage the money

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