i like to see thing in a positive & constructive manner.I am what i had control of the outcome. price hike? i can’t control that, but what are the things that i could do to overcome that? i commute by train instead of drive. I could spend 4 days family outing a month instead of 8. i can even buy smaller portion of fish/chicken/vege from now on. etc. A LOT OF THINGS can be done!!

I dare not want to sacrifice life comfort, but i am willing to let go a bit (very little bit that is) so i can still can see things as rosy as before

and i don’t want to be a “subsidised generation” forever. i wanna stand with my own two feet. anybody can do any bad things that they want bt i will still see things in positive light.

see – all positive!!

let see… your net income should be around rm4838 per month.

typically you pay rm250 for utilities & phone.
an atoz & fuel will make you poorer by rm700
rm400 for food,3 children can easily need around rm500. parent support rm250

what do we get here. expense of rm2100
so this is rough figure, and exclude your house finance.

take home net is around rm2738 per month.
it’s a lot by anybody’s standard. a decent house would probably cost a monthly rm1200 per month, hence you need to juggle rm1538. that’s more than one month gross salary of 25% of malaysian (nepalese & burmese are excluded )

on top of what you are currently doing, i would suggest you explore the possibility to utilise the epf account 2. you may entitle yourself to not to pay for your house for 2 or 3 years. so this will cushion off your price hike, while hoping decent increment in the future to offset whatever hike bothering you now.

don’t be silly saying epf for old days. what money is worth if you can’t use it.

another thing, consider to avoid buying insurance policy other than yourself. a good one from MAA would cost around rm350 per month covering rm500k. (must i tell you this one can save you further in your yearly income tax under life insurance policy??)don’t be sentimental to have for your children’s education and all that. People sort of force us to buy all types of coverage by imparting fear to the worst thing that possibly happen. Yes, me too don’t want bad thing to happen. know this, what if not the worst thing happen eg retrenchment happened? you can’t pay the monthly premium, policy null & void, you end up pay a hefty sum for nothing.

this is suggestion only (yes, it’s a valid ones!)

I know the situation that hits globally but our goverment must work hard to prevent this from happening. I think it is best to say to them to “Change your lifestyle”.. Please do your work!

finally..heh..it is quite true from what u’ve been writing..it would be bollock to read thru and thru the same article all over the blogesphere and what not..heh..but isolating politics and economics?..hmm..

nevertheless, i think the moment i wrote the comment is js being the after effect of what js happen to our beloved country..huh..everything seems to be kinda hicky, if u know wut im mean..i think i’m js being sour grape..heh

thanks for the infos!

I don’t like my current theme btw

congratz on your first comment. My intention of writing in this blog is not to be admired or to be agreed with. Instead, I just want it to be my medium to convey my opinion and way of thinking. If my opinion is expected to be the same all the time with popular thinking, then I would better be at home sleeping, eating or watching movies perhaps. Given that you have taken serious effort to read and comment on my writing, I must say that it’s more than I had hoped. And I appreciate that. Really.

Back to the article. I’m sorry that I didn’t explicitly type in the article that it’s purely economic point of view. Thus any political element should be minimized.

first of all, about the durian analogy. I tend to agree with you except it’s not durian that we are talking about. It’s more like gold. Even if you give it to your children, the value is still there and now matter how cheap you sell it, the loss is still at the world price.

The most disturbing about the giving is that roughly 10% of our subsidized fuel were smuggled by our neighbors. That accounts for a whopping 1.7 billion ringgit value. Our government can send two thousand more students oversea with that kind of money.

Okay that maybe not what government will do. But the point is government has more money by doing this. What our lovely government is going to do with is a another story.

I know it’s hard for people to accept good remarks from those who make them suffers, or at least it’s how it seems. And that’s also what I feel (just bought my first fuel after the hike). However, I respectfully request from those who read this article to think beyond the surface of this matter and put it in economic perspective which is how this article is meant to be read.

sorry for late reply,

regards,

irwan

it is really shocking to hear those remark from you irwan – whom i looked upon to dearly. if that is your economic perspective view, then there is not that much that i can learned from you it seems.

base on the soaring price of international oil price is such a ridicule act.why we need to take into account of neighboring town durian price when we grow our own – that can and should be evenly distributed to all our sons and daughters.

1. encourage petrol reduction? – to the less capable or middle to low income resident i think. but how about all the menteris and what not. they have their claims and stuff. i dont even think they feel the pinch like the rest of us felt.

2. benefit from rebate? – how is that so. let alone the fuel usage – govt rebate ratio, the rebate is only a one time process. it wont be given annually for god sake.

3. i tend to agree but still the chances are there with the govt taken back their words in prohibiting outsiders from fueling out our gas.

4. refer to #1

5. again, i dont think such situation would occur by increasing the oil price. there so much reasons and what not. just bare in mind that Tun Razak create Petronas in order to maintain low price of petrol for Malaysian.

* No heart feelings Irwan, i still love your post regarding personal financial management.

p/s : just recently, even mufti perlis already made an open remark about these oil price hike drama regarding rebate matter thingy and the campaign of reducing our expenses. he told that it is against the religion for rulers to take the peoples valuables (in our terms, the extra price we had to pay) even for good causes such as protecting the countries from external threats without the rulers themselves cut cost to everything they own first – this including all those GLCs monies and stuff.

* huh.such a lengthly comment. this is my first time commenting on your site btw. yippee.