Penang Edition 2023 Part 1 - The Real Cost of Living (Basic Needs)

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Today's video:
What does the Cost of Living mean to you? Has Covid affected your livelihood in the past few years such that INFLATION has blown your monthly BUDGET out of proportion?

Life seems to be getting harder with the rising cost of living impacting us in every way. In order to gain a better understanding of your daily expenditure, one must be up-to-date with the prices of our everyday products. Also, one should be accurate and concise in your budgeting so that you can work within your planned amount each month without any unnecessary surprises!

In this video, we will be breaking down the LATEST 2023 prices in the day-to-day costs in Penang, Malaysia. You will be able to understand and appreciate the various categories of products consumed by an average Penangite. The prices quoted are in Malaysian Ringgit and are kept as accurate and realistic as can be, because it is our mission to bring you an updated True Cost of Living in Penang, Malaysia.

Fran and I retired young in the year 2020 at the age of 40 years old in Singapore. We moved to Penang 8 months ago and have been living here. Our intention is to call both Penang and Singapore our retirement homes, as we have families in both countries.

We hope you enjoy watching this video, and do let us know in the comment section if you like it!

With lots of love - Fran and John

Timestamps:

00:00 Cost of Living in Penang Island
00:54 Inflation
03:10 Category 1: Food
09:54 Category 2: Groceries
11:14 Category 3: Transport
14:31 Category 4: Accommodation
17:47 Category 5 Healthcare
18:15 Budgeting

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Related Links:

https://www.cnbc.com/2023/01/12/infla...

https://www.cnbc.com/2023/01/13/why-i...

https://www.channelnewsasia.com/asia/...


Credits:

CNBC
Reuters
Channel News Asia
Department of Statistics Malaysia
iMotorbike Malaysia
Mudah Malaysia
Directlending.com
Ringgitplus
Zigwheels Malaysia
Carbase Malaysia
Google Maps
Propertyguru Malaysia
iProperty Malaysia
Tenaga Nasional
CIMB Bank


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