Let see whether the EPF is realistic or not.
I am staying at Cheras.
Food: 1550, I allocate RM 10 per meals,
RM 7*4 person per lunch = 28 lunch per day * 30 days = 840*2 meals per day =
My budget: RM 1680 per month
Housing RM 870
I bought 10 years ago, my installment is RM 1000
My budget: RM 1000 per month
Healthcare: 120
Cover by company luckily, else see 1 time already need RM 60
My budget: RM 0 per month
Transport: 1040
Petrol: RM 500 per month for 2 cars
Toll: 1.80 * 20 days = 36
My budget: RM 536 per month
Utilities: RM 310
Unifi: RM 129Electricity: RM 70
Water: RM 10
Indah Water: RM 10
Handphone: RM 25 ( Wife RM 15 Tune Talk +Vibe 14.55, Me RM 10, Redone Amazing 8 plan)
My budget: RM 234 per month
Childcare: 1150
When my kids are small RM 700 per kid, RM 1400
Now they are big enough. Replace by tuition RM 300, piano class RM 120, art class RM 38, and choir RM 10. RM 468 per kids x 2 = RM 936
My budget: RM 936 per month
Saving: RM 400
My budget: RM 400 per month
Personal Care (PA): RM 140
Annual Expenses (AE): RM 400
Social Participation(SP): RM 250
Discretionary Expenses (DE): RM 390
Insurance and Grocery - assume the same as the amount as the four PA, AE, SP, DE.
Total: 1180
My budget RM 5976 - not bad. compare to RM 6620
I am staying at Cheras.