{"id":4059,"date":"2015-12-08T11:58:01","date_gmt":"2015-12-08T03:58:01","guid":{"rendered":"https:\/\/www.propertyempire.com.my\/blog\/?p=4059"},"modified":"2015-12-28T12:00:51","modified_gmt":"2015-12-28T04:00:51","slug":"the-cost-of-living-in-kl-for-fresh-graduates","status":"publish","type":"post","link":"https:\/\/www.propertyempire.com.my\/blog\/the-cost-of-living-in-kl-for-fresh-graduates\/","title":{"rendered":"The Cost Of Living in KL for Fresh Graduates"},"content":{"rendered":"<p>Consider a fresh graduate is getting <strong>the salary of RM 2500<\/strong> (which is above average) in Kuala Lumpur, how much he or she can save a month?<\/p>\n<p>If the fresh grad is getting RM 2500, the take home money is RM 2212.75 minus Socso RM 12.25 and EPF Contribution RM 275. Thus, the nett take home figure is at RM 2212.75.<\/p>\n<p>We have listed a few types of scenarios so you can judge on your own how much a fresh grad can save in a month.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Fresh Grad Staying with Parents with a Car<\/strong><\/p>\n<p>Utility Bills (Electric, Water, Unifi, Astro, Handphone): RM 200<\/p>\n<p>Personal expenses (clothing, toiletries, sundries): RM 200<\/p>\n<p>Personal Insurance: RM 150<\/p>\n<p>Car loan: RM 400 (Proton Saga FLX Manual 7 years repayment)<\/p>\n<p>Petrol: RM 300<\/p>\n<p>Toll: RM 150<\/p>\n<p>Parking: RM 150<\/p>\n<p>Food: (RM 20 per day x 30 days) RM 600<\/p>\n<p>Total Expenses: RM 2150<\/p>\n<p>Salary: RM 2212.75<\/p>\n<p>Save:\u00a0 RM 62.75<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Fresh Grad Staying Renting a Room with a Car<\/strong><\/p>\n<p>Room Rental: RM 300 (Maybe somewhere far far away in KL)<\/p>\n<p>Utility Bills (Electric, Water, Unifi, Astro, Handphone): RM 200<\/p>\n<p>Personal expenses (clothing, toiletries, sundries): RM 200<\/p>\n<p>Personal Insurance: RM 150<\/p>\n<p>Car loan: RM 400 (Proton Saga FLX Manual 7 years repayment)<\/p>\n<p>Petrol: RM 300<\/p>\n<p>Toll: RM 150<\/p>\n<p>Parking: RM 150<\/p>\n<p>Food: (RM 20 per day x 30 days) RM 600<\/p>\n<p>Total Expenses: RM 2450<\/p>\n<p>Salary: RM 2212.75<\/p>\n<p>Deficit: RM 237.25 a month<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Fresh Grad Staying Renting a Room with No Car<\/strong><\/p>\n<p>Room Rental: RM 300 (Maybe somewhere far far away in KL)<\/p>\n<p>Utility Bills (Electric, Water, Unifi, Astro, Handphone): RM 200<\/p>\n<p>Personal expenses (clothing, toiletries, sundries): RM 200<\/p>\n<p>Personal Insurance: RM 150<\/p>\n<p>Public Transport: RM 300<\/p>\n<p>Food: (RM 20 per day x 30 days) RM 600<\/p>\n<p>Total Expenses: RM 1750<\/p>\n<p>Salary: RM 2212.75<\/p>\n<p>Save: RM 462.75 a month<\/p>\n<p>Please take note that the calculation above doesn\u2019t include PTPN or study loans, monthly contribution for parents and other unnecessary spending such as clubbing, drinking or cigarettes. For food RM 600 a month is not much considering if they go to Starbucks a few rounds a month, it definitely above the quota. We feel that insurance is important so we included it in our calculations.<\/p>\n<p>Even by saving RM 462.75 a month, can a fresh grad afford a new home in Kuala Lumpur?<\/p>\n<p>Using the house loan calculator, for a RM 200,000 house with 35 years of repayment at 4.45% per annum, you need to pay RM 940 per month! New houses in Klang Valley now are at least RM 300,000 (if you lucky to find one) or RM 400,000 and above. It is absolutely no way a fresh grad can afford even a small home in KL.<\/p>\n<p>The above is just a rough estimation and calculation of monthly expenses of a fresh grad in Kuala Lumpur. \u00a0We hope our article is helpful and thanks for reading our blog. If you have opinion on this story, do comment and hope you share this story. Thanks again.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consider a fresh graduate is getting the salary of RM 2500 (which is above average) in Kuala Lumpur, how much he or she can save a month? If the fresh grad is getting RM 2500, the take home money is RM 2212.75 minus Socso RM 12.25 and EPF Contribution RM 275. Thus, the nett take &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.propertyempire.com.my\/blog\/the-cost-of-living-in-kl-for-fresh-graduates\/\"> <span class=\"screen-reader-text\">The Cost Of Living in KL for Fresh Graduates<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":17,"featured_media":3798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[13],"tags":[],"uagb_featured_image_src":{"full":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05.jpg",660,376,false],"thumbnail":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05-80x80.jpg",80,80,true],"medium":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05-300x171.jpg",300,171,true],"medium_large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05.jpg",660,376,false],"large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05.jpg",660,376,false],"1536x1536":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05.jpg",660,376,false],"2048x2048":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/05\/project_bukit_bintang_content_05.jpg",660,376,false]},"uagb_author_info":{"display_name":"Admin Property Empire","author_link":"https:\/\/www.propertyempire.com.my\/blog\/author\/admin-2\/"},"uagb_comment_info":0,"uagb_excerpt":"Consider a fresh graduate is getting the salary of RM 2500 (which is above average) in Kuala Lumpur, how much he or she can save a month? If the fresh grad is getting RM 2500, the take home money is RM 2212.75 minus Socso RM 12.25 and EPF Contribution RM 275. Thus, the nett take&hellip;","_links":{"self":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/4059"}],"collection":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/comments?post=4059"}],"version-history":[{"count":1,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/4059\/revisions"}],"predecessor-version":[{"id":4060,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/4059\/revisions\/4060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media\/3798"}],"wp:attachment":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media?parent=4059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/categories?post=4059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/tags?post=4059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}