Budget
Jun 29th 2009, 6:19 pm
#1
Just Joined
Thread Starter
Joined: Jun 2009
Posts: 6
Budget
Hi again,
Another question from me...
My partner and I are looking at moving to NZ within the next three years. Step one is saving up enough cash!
We've thrown together a rough budget and I'd appreciate other peoples thoughts on how realistic it looks.
I'm hoping most of these are over estimates, but would appreciate any advice.
Cheers
Charlie
Another question from me...
My partner and I are looking at moving to NZ within the next three years. Step one is saving up enough cash!
We've thrown together a rough budget and I'd appreciate other peoples thoughts on how realistic it looks.
I'm hoping most of these are over estimates, but would appreciate any advice.
Cheers
Charlie
Jun 29th 2009, 7:02 pm
#2
BE Forum Addict
Joined: Feb 2005
Location: Back in NZ & loving it - living in Orewa
Posts: 1,183
Re: Budget
The standard mortgage deposit is now 20%, so if you spend $400k on a house, that's $80k, or about 30k pounds, if you get exchange rate right
$5k is a basic but useable car
$5k is a basic but useable car
Jun 29th 2009, 7:55 pm
#3
TeamEmbo
Joined: Jan 2007
Location: Rangiora
Posts: 1,557
Re: Budget
Agree with above re mortgage deposit and car.
Renting, very much depends on area and type of house but 3-bed ballpark figure say $300 a week so 6 months rent $7,800 plus month's deposit $1,300 at exchange rate of 2.5 would be around 3,640 GBP and around $1000 a month for 2 people food, phone, sky, electric around 400 GBP a month.
Anything could happen to these estimates within 3 years though but gives you a rough idea.
Renting, very much depends on area and type of house but 3-bed ballpark figure say $300 a week so 6 months rent $7,800 plus month's deposit $1,300 at exchange rate of 2.5 would be around 3,640 GBP and around $1000 a month for 2 people food, phone, sky, electric around 400 GBP a month.
Anything could happen to these estimates within 3 years though but gives you a rough idea.
Jun 30th 2009, 10:21 am
#4
Just Joined
Thread Starter
Joined: Jun 2009
Posts: 6
Re: Budget
Thanks for the replies. I suspected that our mortgage estimate would be low 
. At least we know now rather than in a years time. Time to get saving!
Cheers
Charlie
. At least we know now rather than in a years time. Time to get saving!Cheers
Charlie
