EPF spending guide vastly understates real costs, finance portal argues | Malay Mail

According to iMoney's findings, a typical person with one car and residing in Klang Valley must spend an estimated RM2,695 monthly even before personal care expenditure, annual commitments or allocations for savings. — Bernama pic

However, iMoney said its poll of around 1,000 respondents found actual spending to be closer to RM1,100 monthly. iMoney lauded the federal government for schemes to aid and boost home ownership but said more must be done to address most Malaysians’ inability to afford to purchase their own homes.

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