7 Things You Shouldn’t Do if You Live in an Expensive City

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Save money by NOT doing these things!

According to a 2017 survey by research house Ipsos Malaysia, about 55 percent of its survey respondents wanted the government to reduce the cost of living in a bit city.

A report from Malaysia’s Department of Statistics showed that the consumer price index (CPI) rose from 0.6 percent to 4.3 percent in September 2017, compared to a 3.7 percent in the previous month.

The cost of living in a big city continues to be one of the major concerns among Malaysians, particularly for those who live in expensive cities such as Kuala Lumpur, Kota Kinabalu, Georgetown (Penang), and Johor Bahru.

Unfortunately for many of us, a salary increment still can’t match the rising cost of living. If you live in expensive cities, it’s more crucial than ever to be smart and cautious about spending your hard-earned ringgit.

 

Here’s a list of things you shouldn’t do if you are living in a big city and what you should instead:

 

1. Working from coffee shops
living in a big city

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Despite plenty of co-working spaces in major cities in Malaysia, many self-employed or remote workers still opt to work from the coffee shops. Based on personal experience, it cost me about RM20 a day to work from a coffee shop with a decent WiFi.

So if I worked at the same place and ordered the same item on the menu, it would cost me about RM100 a week, or RM400 a month.

The downside of working from a coffee shop is that there’s no guarantee you’ll work in peace. Most of the time the surrounding would be too loud and chaotic, so your productivity would possibly decrease.

What to do instead: If you can’t work from home, find someone who’s also a remote worker or self-employed and work at their place.

You could also try an affordable hotdesk package offered by many coworking spaces, which ranges from RM200 to RM388 a month.

Some of the perks of such packages include free drinks and snacks, networking opportunities, and great facilities like a gym for members to use.

 

2. Subscribing to a cable TV
living in a big city

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The average monthly bill for a cable TV when living in a big city in Malaysia can range between RM40 to RM200. If you rarely watch TV but still want to enjoy a nice movie at home, consider switching to streaming.  

What to do instead: Check out streaming platforms like iFlix or tonton, which offer a monthly subscription for as low as RM10 (RM96 for a yearly subscription) for an unlimited view.

3. Buying trendy fashion items
living in a big city

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For fashionistas, that fancy Gucci Princetown Brocade Mules are simply irresistible. But let’s be honest: such trendy pieces only look good for a season or two.

What to do instead: Your new shopping mantra should be to invest in wardrobe staples, not trendy pieces. Your wardrobe staples should be based on your lifestyle.

Among the essential items to have which can be worn at any time include black trousers, long cardigans, crisp white tees, comfy flats, dark wash jeans, and button-up shirts.

 

4. Not using coupons or deals when grocery shopping
living in a big city

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Coupons or special deals could save you up to RM30 or more when you shop for groceries. Imagine how much you could save in a month on your grocery bill.

What to do instead: When grocery shopping, remember to use your grocery membership card and always be on the lookout for more deals. Most major supermarkets frequently hand out a booklet of coupons or ‘promotions of the moment’.

 

5. Getting a 1-day gym pass on a weekly basis
living in a big city

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The average cost for a one-day gym pass is between RM35 to RM60 (excluding other fees like fitness classes).

What to do instead: Get a monthly gym membership if you’re serious about getting fit, which will cost between RM88 to RM200. At least there’ll be more benefits when living in a big city.

 

6. Investing in expensive furniture when you don’t own a home
living in a big city

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There are a few things you can do in order to bag a loan at an interest rate that best suits your requirements. Here are a few tips:

Investing in expensive furniture before you own a home is not encouraged as they may be high-maintenance. You’re better off paying your bills rather than spending hundreds of ringgit on furniture upkeep.

What to do instead: Find inspirations from Pinterest or home décor blogs, and shop for similar items from affordable furniture stores in your area.

 

7. Buying a coffee or eating out every day
living in a big city

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A cup of coffee from your favourite coffee chain could cost you at least RM8 a day, and it adds up to RM160 a month.

Similarly, you’ll be spending about RM200 a month for lunch at the office (the average cost for lunch per day is RM10).

What to do instead: For the caffeine addicts, consider investing in a quality coffee machine and get yourself some to-go coffee cups (a basic coffee machine could cost between RM60 to RM200). Bring your own lunch to work whenever you can.

 

living in a big city

Written by BBazaar Malaysia.

BBazaar.my is a leading online marketplace in Malaysia that helps consumers compare and apply for a credit card, personal loan, home loan, car loan and insurance.

 

One of the biggest complains about living in a big city is how expensive it is! Share this article if you know someone who needs to cut back to improve their bank account!

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