In February, the Malaysian government raised the minimum wage from RM1,500 to RM1,700 per month.
This means all employers are now required to ensure that workers receive a basic salary of at least RM1,700.
Can one survive with minimum salary?
However, with the rising cost of living, many wonder whether this amount is truly enough to cover daily expenses.
Some believe it is manageable, while others argue that it falls short.
If you’re earning RM1,700 and struggling to budget, don’t worry—one woman has shared practical strategies to make ends meet. Aunie Zulkifli, through her TikTok account @powerupcvs, provides useful budgeting tips for surviving on this salary.
1. Opt for room rentals instead of an entire house (Budget: RM400)
Housing is a major expense, so Aunie suggests renting a room rather than an entire house. Ideally, your rent should not exceed RM400, and if you can find a cheaper option, even better!
If renting a whole house is unavoidable, consider getting housemates to split costs. And if you have the opportunity to live with family, that’s an excellent way to save money.
2. Keep vehicle expenses below RM300
Transportation is another essential cost. To save money, Aunie recommends using a motorcycle instead of a car, as it is significantly cheaper to maintain.
Public transportation, such as the LRT, MRT, or buses, is also a cost-effective option if it’s available in your area. However, if you must own a car, ensure that your monthly loan repayment is below RM300.
3. Control monthly food expenses (Budget: RM150 – RM200)
Food spending can be difficult to manage, but Aunie advises setting a monthly food budget between RM150 and RM200 by cooking at home.
If you must eat out, aim for meals priced under RM7. She also suggests cutting back on snacks, bubble tea, and expensive coffee chains like Starbucks, recommending that you save that money instead.
4. Manage monthly commitments & set aside emergency savings
Aunie emphasizes the importance of keeping monthly commitments low. For instance, limit your phone bill to RM30–RM50 by opting for affordable plans rather than expensive postpaid packages.
Set aside RM100 for entertainment, such as Netflix or occasional outings, but also ensure you save at least RM100–RM200 each month for emergencies.
Avoid these 3 financial mistakes
In addition to budgeting tips, Aunie also warns against three financial habits that could lead to hardship:
- Avoid taking personal loans unless absolutely necessary.
- Do not purchase an expensive car that exceeds your budget.
- Resist the temptation to live beyond your means for the sake of appearances.
While some may find these strategies challenging, they can significantly help you manage your finances and survive despite the increasing cost of living.
