By - multilingualthrow
I would say between RM300-400 for food budget is the best. Still, you have to cook most of the time and only eat out once/twice monthly. If you can't/don't have enough time to cook however, expect your food budget to go up to RM500-600 per month.
As for savings/investment, I would suggest to save first for emergency savings (3-6 months of estimated expenses). Then you can proceed with investing etc.
I'm living with my parents so I don't cook, and am gonna be eating at least 1 meal per day for lunch hopefully can get below rm15.
I already have emergency savings, so was thinking to either invest in StashAway or Rakuten or Crypto
I think you can just budget RM10 for lunch although your option is pretty limited
I used to work near mid valley. Me and my mates usually go to the food court (we call it dungeon) located between mid valley and the gardens at the lower ground floor. You can definitely be full with RM10 budget. Lots of variety too, from keropok lekor to nasi campur to cantonese noodles. But that was before the pandemic. Now not so sure. Check it out!
Midvalley food court you can get meal cost less than Rm10 don't worry.
How likely are you to WFH throughout the duration of your internship? If 100% WFH, consider giving some money back to your parents if they are providing home cooked meals, tho some parents may be unlikely to accept your money as you're still a student. Really up to your parents & their financial health to accept. In MV, recall there's some food courts for cheaper food and there's baller restaurants :)
Back then 2-4 years ago as an intern, I spent RM6-8 for lunch, occasionally splurging to RM12-15 for set meals, entirely dependent on whether my team wanted to eat cheap or wanted to ball haha. The rest was saved/invested. At that time I didn't have much savings so I let the $ stay put in my bank account, created for the purpose of receiving from my employers! Boy, did I feel grown up then!
Internship advice, managers/seniors appreciate if:
1)perhaps after doing a long task or every month or so, ask them for some feedback on how you could improve, and be open minded /don't be offended when they provide some criticism.
2)be proactive AND sincere (some overdo it lol).
3)always try your best, don't give half past 6 work.
All the best and hope you enjoy your internship!
Edit: thanks for the award random internet stranger! Also I tried fixing formatting but don't think it works on mobile
It's gonna be 100% working in the office unless gov makes another mco tbh, my parents will never take money from me so yeah
I hope I can maintain below rm15 per day for lunch over there, hopefully my colleagues don't make me splurge lool
Thanks for the advice mate , I'll keep them in mind
Can I ask what field or work your internship is in? Cause I just finished my internship and I got a surprisingly small compensation but went ahead none the less because I’m scare in the current situation will be hard for me to look for other offers.
Finance field, I got lowballed by various SMEs as well, just apply for those big public listed companies or fintech startup, saw one offering RM1.5K with good benefits, didn't apply as I've already accepted my current placement
Yea bro, they give 1.5k allowance AND free lunch like damn
shud apply for khazanah bruh, its 2k
Since you will be having one meal out in MV, the place you will likely end up in is the food court on the lower ground floor in between Mid Valley and Gardens. (I.e. if you're walking from Mid Valley to Gardens, the food court entrance will be on the left)
It's relatively decent food court pricing. If you like some spice, the second stall on the left as you go in (Vanilaa's) has excellent Indian food (her mutton curry is superb).
If you're spending a bit more, the food court on the second floor of centre court in Mid Valley (Popcorn Food Hall) is fairly decent. The chap fan is not bad, although you will be spending more than the LG food court for sure.
Just to add, the cheapest drink is not there, it's at McD. The frozen coke is still Rm1 last I checked. So if you want to save some money on drinks, that's where you want to go.
Just bring water for maximum savings!
Alright thanks for the recommendations, definitely will check em out 👍🏼chap fan is always a good option to have haha
Mind you, it's upper class chap fan yeah - air conditioned and all. You mentioned budgeting RM15 for lunch, and depending on how big an eater you are, there's a good chance that you're going to hit the limit eating there.
At the LG food court, you can get away with about RM7-RM8 (inclusive of a hot drink).
Recommend you bring along a water tumbler to save money.
The economy rice at Popcorn costs MYR 8.50 for 1 meat & 2 veg. You pay less at the basement food court but the quality of food is worse.
You'll smell like shit if you eat in the basement food court. Better opt for takeaway if you plan to go there.
If you are bumi, save in ASB/tabung haji. If non bumi maybe epf is the best place to save.
Meanwhile in the engineering world... Interns get paid anywhere between 0 - 800 😭
1200 doesn't mean anything in the real world.
Get good food to make sure you perform well during your internship and try to secure a placement in the company.
Most importantly is to perform, get your supervisor's trust so that he/she can give you real workloads which can give you experience.
Experience is the one thing that matters the most.
Wait, you guys are getting paid?
yep. i interned at a zoo for rm500 per month. 6 days per week work. 9am-7pm.
my classmates who interned at gov companies are paid none at all.
10 hrs 6 days a week for 500, damn
Yeah. Damn me
thats a decent rate for intenship. My Chinaman company offers 250, kesian those kids.
Hello. I'm here to give general advice for full internship experience.
1. Always ask if you do not understand anything but before that, do your own research
2. Get an update on task deadline if one is given to you
3. Get feedback from your manager to see what you can improve on. There's a balance of softskill and hardskill you need to take note of.
As for investments, I suggest something stable for now. Either FD, ASB or Stashaway. If you want to try out something more volatile like Stocks or Crypto, just be prepared to lose some money. Else, be safe and put a value to your loss eg: RM20 loss/RM50 loss.
No. Internship salary is considered as allowance and is not subjected to epf or any other deductions
This is just an example. Interns are not calssified as employee.
Yes they can. Interns are not given any of the company's benefits like annual leave, medical etc. This is also why intern's salary is called allowance as they are not an employee. But who would work for a company that gives you zero benefits?
Afaik, theres no law specifically for interns. Most companies just pay monthly allowances to them. There maybe a few that give benefits tho. Both are way better than those that pay nothing
Yes i know its a loophole but the company wont be able to do it for more than a few years as its employee would just jump to other companies once with sufficient working experience. The company would then be forced to provide more benefits and roll back to providing epf deduction.
Anyway, stricter law should be implemented to shut off this loophole
Oh I forgot about these, I'll ask them about it if these deductions will apply for my allowance, thanks man