{"id":669,"date":"2019-11-06T15:36:39","date_gmt":"2019-11-06T15:36:39","guid":{"rendered":"http:\/\/7518200205"},"modified":"2026-05-03T15:46:46","modified_gmt":"2026-05-03T07:46:46","slug":"what-expenses-to-expect-for-renting","status":"publish","type":"post","link":"https:\/\/speedhome.com\/blog\/what-expenses-to-expect-for-renting\/","title":{"rendered":"What Expenses to Expect for Renting?"},"content":{"rendered":"\n\n\n\n\n\n\n

What Expenses to Expect for Renting: New to renting? Or considering it? It goes without saying that an important matter to consider when you are renting a place is living expenses. It’s recommended to have a monthly budget to keep track of your finances.<\/p>\n\n\n\n

The amount of money you can afford on renting will depend on what your monthly expenses are going to be, so it\u2019s important that you think about this before renting. This is so that you won\u2019t have any surprises during the month.<\/p>\n\n\n\n\n\n\n\n

Additionally, it helps you keep track of your money so that you don’t spend money fruitlessly (and save)!<\/p>\n\n\n\n

So let\u2019s see what you can expect from the start of your renting period!<\/span><\/p>\n\n\n\n

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To start, you\u2019ll have to <\/span>move in\u00a0<\/strong>first, so you have to consider a few things. For instance, \u201cDo I have a lot of furniture that has to be moved?\u201d Then you have to make the decision whether you\u2019re going to use movers or just ask friends. Movers can be very expensive, but the process will go faster and be more convenient. To get the best price for moving, you can take a look at Kaodim.com<\/a>.<\/span><\/p>\n\n\n\n

If you don\u2019t want to pay money to move you can always ask your friends, they will probably be happy to help you – just buy them some drinks or pay for their meal to thank them \ud83d\ude09<\/span><\/p>\n\n\n\n

But what if you have no furniture and nothing to move? You’d have to buy new furniture which can be expensive. If you don\u2019t have the money, take a look at thrift shops or shop online and get the best deals. You might also want to buy cleaning supplies, toilet paper, soap and so on.<\/span><\/p>\n\n\n\n

After moving in<\/strong><\/h3>\n\n\n\n
\"What<\/figure><\/div>\n\n\n\n

Now that you have settled in your new place, you might wonder. What are the monthly expenses can you expect?<\/span><\/p>\n\n\n\n

Rent<\/h4>\n\n\n\n

To start, you have your <\/span>Rent.<\/strong>\u00a0This will be the same every month so make sure you reserve the amount of money you need to pay. This will prevent you from paying late, because if you don\u2019t pay in time your landlord can ask fees from your end. These are unnecessary costs, so just prevent it!<\/span><\/p>\n\n\n\n

Electricity and Water<\/strong><\/span><\/h4>\n\n\n\n

Also, you might have to cook. Because Malaysia is pretty hot you need an air-con, so you need <\/span>electricity. Alternatively, you can use fans as a replacement for air-conditioning <\/strong>if the weather’s not that hot. These costs depend on how much you use it. But it is a good idea to check what the average cost will be so that you can be more prepared. You can check this with your landlord.<\/span><\/p>\n\n\n\n

When you have an evening for yourself, you might want to see something on Netflix, so you need <\/span>Wi-Fi<\/strong>. This will cost you between RM70-RM200, depending on what your demands are.<\/span><\/p>\n\n\n\n

Furniture <\/strong><\/h4>\n\n\n\n

Depending on the place you’re renting, it might or might not have enough furniture. So you might need to buy new furniture or replace them (though do check this with your landlord first!).<\/p>\n\n\n\n

Groceries <\/strong><\/h4>\n\n\n\n

This one is kind of dangerous because this expense varies. What you can do to prevent this from becoming a big expense is say to yourself \u2018This month I\u2019m going to spend RM500 on groceries\u2019 and stick to it. Now you know that you\u2019ll be more aware when you buy groceries.<\/span><\/p>\n\n\n\n

Fuel and Taxes<\/strong><\/h4>\n\n\n\n

But what if you have a car? You have to pay your <\/span>fuel and taxes<\/strong>. And of course, if you have a car or motorcycle, you need to have a <\/span>parking space<\/strong>. For the fuel and taxes you can do the same thing as with groceries, just pick a amount of money you wanna spend, stick to that amount and save the rest. Your parking space depends on where you live, sometimes it\u2019s free sometimes it\u2019s not. Just check with the landlord.<\/span><\/p>\n\n\n\n

Renter’s Insurance<\/h4>\n\n\n\n

You might also want to consider renter’s insurance<\/strong> just in case. The insurance usually covers the damage done to your belongings by floods or other causes. Better to be safe than sorry \ud83d\ude42<\/p>\n\n\n\n

Gym Membership<\/strong><\/h4>\n\n\n\n

In order to be fit, it would be good to have a <\/span>gym membership. <\/strong>This will be the same as your rent. You already know that you want it, so allocate an amount and save the rest. If you don\u2019t wanna pay to be fit, just go for a run!<\/span><\/p>\n\n\n\n

Going Out<\/strong><\/h4>\n\n\n\n

Of course, <\/span>going out<\/strong> is also fun, but this can be very expensive.<\/span><\/p>\n\n\n\n

Overview<\/strong><\/span><\/h3>\n\n\n\n

So don\u2019t take your credit card when you go out. Just take some money with you, this will save you a lot of money! Another thing you can do is to make a pie chart, divide it into several sections and assign it accordingly. <\/span>This will save you time and help you track your budgeting.<\/span><\/p>\n\n\n\n

Good luck to make a overview of your expenses!<\/span><\/p>\n\n\n\n

You might also wonder about your rent, so check out “How much rent should I pay?”<\/a>.<\/p>\n\n\n

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