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7500 RM(after tax ) is sufficient to live with family and 1 kid

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naresh2434

HI,,

Will 7500 RM is sufficient to live with family and 1 kid in KL. Please give some suggestions??

Thanks,
Naresh

carlyle1979

Nope. How old is your kid? If schooling, then definitely no.

Nemodot

My rule of thumb 10k single (allows for some entertainment / saving) +2k wife + 1k per kid pre-school + 5k per month at school. That isn't luxury but eating home cooked food, only one cheap hol a year and a local car and or live near work can live/save for retirement.

so 7.5k is no savings, tight with money and risk blowing any savings as soon as one bad illness. So why?

naresh2434

My kid is just 9 months old

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