is £40 000 enough
Oct 10th 2007, 7:23 pm
#1
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Location: always wishing i was somewhere else, getting there and wishing i was somewhere else again.
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is £40 000 enough
leaving the British Army in 2 years and get £40 000 for my troubles. 
will this be enough to start me off on a new life in canada.
looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received.
regards
will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received. regards
Oct 10th 2007, 7:26 pm
#2
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Joined: Sep 2003
Location: Upstate South Carolina
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Re: is £40 000 enough
Do you have a house too to sell? Any family coming?
Either way bringing $80k and having $1000 a month is a nice enough safety net, but treat it as such...a safety net. Dont sink it all into the house downpayment.
Either way bringing $80k and having $1000 a month is a nice enough safety net, but treat it as such...a safety net. Dont sink it all into the house downpayment.
Last edited by iaink; Oct 10th 2007 at 7:33 pm.
Oct 10th 2007, 7:35 pm
#3
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Re: is £40 000 enough
no. dont have house to sell. just the dosh. thats one of my regrets of my younger years, not buying on. but thats life eh.
Oct 10th 2007, 8:30 pm
#4
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Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: is £40 000 enough
leaving the British Army in 2 years and get £40 000 for my troubles. will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received.
regards
will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received. regards
I don't know if theres much point asking if what you have is "enough". Its what you have so therefore it will just have to do! It will certainly go a lot further in somewhere like Nova Scotia than it will in the UK!
NS, NB or PEI will make your money go the furthest in terms of buying a house. You can definitely get a nice small house in many areas of NS (but not commutable to Halifax) for $80k.
Oct 11th 2007, 1:41 am
#5
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Location: Calgary, Alberta
Posts: 610
Re: is £40 000 enough
leaving the British Army in 2 years and get £40 000 for my troubles. will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received.
regards
will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received. regards
Oct 11th 2007, 1:30 pm
#6
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Joined: Nov 2005
Location: Toronto (thank goodness)
Posts: 1,267
Re: is £40 000 enough
leaving the British Army in 2 years and get £40 000 for my troubles. will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received.
regards
will this be enough to start me off on a new life in canada. looking at moving to NS, NW or ON but not sure which will be the best or get me safely on with the money that i have. Will also get £500 per month pension as well. thats without even looking for a job yet. any advice gratfully received. regards
Oct 11th 2007, 5:37 pm
#7
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Joined: Oct 2007
Posts: 4
Re: is £40 000 enough
Being that the UK Pound is worth around $2.20 Canadian dollars you are off to a good start. With the money you bring you could buy a house outright in a small town and easily live off your pension. In a bigger city you will need more. A good website for house prices in Canada is www.mls.ca
Oct 11th 2007, 6:04 pm
#8
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Oct 11th 2007, 6:07 pm
#10
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Joined: Jun 2007
Posts: 785
Re: is £40 000 enough
Rent First, $1,000 will get you a decent place no matter where you go.
Figure about $200 a week for basics like food.
Not sure what your training is, but the RCMP are on a recruitment drive, or if a tradesman, Alberta has large demands.
Figure about $200 a week for basics like food.
Not sure what your training is, but the RCMP are on a recruitment drive, or if a tradesman, Alberta has large demands.
Oct 11th 2007, 6:08 pm
#11
Joined: Jul 2005
Posts: 15,883
Re: is £40 000 enough
Inquiring minds want to know.
Official exchange rate $1.98, if you were to go to the TD bank today you would get $1.942 per UK pound.
