hevs

I have put these figures on Graylings $80.000 thread, but just incase it gets missed by people who are interested i thought i'd give it its own thread,

Anyone else got anymore to add????

It amazes me that because many people think that they will be mortgage free that they will live easily. Our mortgage in the UK was paultry £250 per month. Its the monthly out goings that add up.

Set up cost will vary massivly, but the norm is

Removals and customs clearence
House (remember STAMP DUTY)
Car (REMEMBER STAMP DUTY)
Driving test and licence (varies state to sttate $23 for test $140 for 10 years)
Mobile phone (PAYG cos no jobs $99 each)

YEARLY:
Rates $800 p/y
car rego $500 p/y (times2)
house ins $600 p/y (REMEMBER STAMP DUTY)
car ins $400 ish p/y (times2)(REMEMBER STAMP DUTY)
school fees $250 (times 2)
School camp £210 (next year huge cos their going to Canberra)
TAX BILL!! unknown quantity yet. (everybody has to do a tax return!)
Vaccinations for mutts ($120)

MONTHLY
Phone $90 p/m
Water $12.50 (very cheap cos not on mains!)
electricity $130 p/m (D/D)
internet $29.99 (dial up)
car loan $485 ( a bummer, but hey, i need transport!)

WEEKLY
Food $160 ish
Petrol $50-60
Bunnings!!!!!!!!!!!!!!!!

TERMLY
Netball $25 (cheap cos school subsidize)
Money for joey scouts and cubs (don't know exact costingsd but will be a couple of hundred)
School trips ($50 so far)

OUTGOINGS IN THE UK......
Life insurance (must really get round to sorting this out )
Endowment
Timeshare maintainance

On top of this there are things like Birthdays (both my kids july)
Weddings, barbies, days out, clothes, uniforms, you know the usual stuff that we all need.

HOLIDAYS!!!! (camping seems a great option at the mo!!!)
OUTINGS!!! cinema, playzone etc (granted, less overhere)
PRIVATE HEALTH (if you want it and can afford it)
Then there the very important issue that Megs raise PENSIONS!!

Yeah, that mortgage payment is a really bonus


Now i know as i send this there is stuff i've forgotten. Having no mortgage is not the massive thing that its being made out to be, you still need to spend money just to live


__________________
I'm from the future and i'm here to warn you!!!!

jad n rich

Damm, I just typed in all of our living costs for a family with three boys 7 10 and 18 and guess what it disappeared which just shows how long it took to type it all in

Anyway, without mortage or rent we are lucky to have paid off home, it came to $63,000 per annum. And yes I am very surprised because up to now I never sat down and really added up everything.

The only things I can see that may be different for others is that we have had to factor in Private education due the our 2 youngest having needs that are not catered for in State schools, one is dyslexic and the other has tested two years above his grade three level, no help exists for either extreme. So $11,771 of my figures was for private education.

So if we are talking how much we need before tax with no mortage it would be over $100,000. But I guess older children cost a lot more than littlies. Another interesting figure was even tho we pay $195 a month for health insurance we still had $3246 of out of pocket medical expenses, mainly dental and specialists so dont forget to budget for health costs in Aus.

hevs

wow!!!

thats some spending
Seriously, it adds up doesn't it. Shame you lost it though, it would have been interestering to read

footie chick

Thanks for the info guys all this will help those people when working out budgets.

footie xx

Larissa

Thanks Hevs for taking the time to write that informative post. We won't be mortgage free :scared: so it will be a hard slog. Looks like I will have to get a job

anya4oz

Hevs,

That's great - very useful & a very good point, too.

Being a sad geeky type, the first thing I did when we decided on this emigration lark was to build a budget model for living costs. I update it all the time, as I find out more about what things cost.

FWIW, here's a copy of the current version; bear in mind there are 2 of us (+ 2 cats), we are going to Melbourne, will have 3-4 bed house, the entertainment budget for us both covers 2 trips to movies each month, plus 1 theater/concert & 1 meal out. I have not included rent/mortgage etc as these will vary so much.

The figures (which may be a little on the high side in places) show that we will need a *net* income of at least $24552 pa to live and pay the bills. More, of course, if you include hols, new clothes, hobbies, etc etc.

All costs in $AU, broken down into estimated monthly costs (tho some are payable annually).

2 monthly pub transport tickets (zone 1) 180.00
Petrol ( for 800K travel/month) 100.00
Car Tax - Rego - car#1 42.00
Car insurance - car #1 40.00
Car Tax - Rego - car#2 42.00
Car insurance - car #2 40.00
House insurance 50.00
Building insurance (is it seperate from house ins?) ??
Shire rates 75.00
Water rates 60.00
Water usage 21.00
Elec 140.00
Gas 30.00
Groceries, household supp's, cat food 650.00
Pers allowance (100 each, for misc items) 200.00
Entertainment 200.00
Mobile 1 22.00
Mobile 2 PAYG??? 24.00
Phone/internet/B-band 120.00
Intl phone calls card 10.00

TOTAL MONTHLY COSTS = $2046.00

Anya.

hevs

Anya, these are in £ right??

hevs

doh!!

just worked out it was all monthly!!
thought i was gonna have to rip off them rose tints and trample them

hevs

Yep anya, all looks fairly good to me.

I also have to point out that, as you put it, this is to live, not for clothes, trips, holidays etc.
AND there are only two of you. ENJOY, you lucky gits!

PS, nothing personal, but mediacal/pensions???

anya4oz

No - $!

Yes I was EEEEKKKK too - Oz is more expensive than a lot of people imagine, especially Melbourne! And my figures have been gleaned from various people's comments, input from friends in Oz, & my own research.

However, I'm sure I've over-budgeted on some things so that is the worst case (I hope). If anyone there can make better estimates on any item, that'd be very helpful.

Cheers
Anya.

anya4oz

Damn, I was hoping you were going to say that the entertainment budget woud stretch to eating out every night !!

(FX: sound of Anya grinding rose-tinted contact lenses under her heel).

As for medicals - what should I budget for Medicare contributions? Not that we're planning to be ill & will have cash set by for any major hassles (e g heart transplants ). It's more the 'what will I pay for a course of anti-biotics?' etc.

Personally think UK pensions are a total rip-off these days, run by bunch of crooks. Have put in money away for years & it will be cr*p return; other investments have provided better returns for us, so will be living on those instead.

Anya.

maxpaxx

This comes to a basic point that most people seem to be quite oblivious to that Aus is actually one of the most expensive countries to live in.

I do find it hard to believe that anyone who has got a visa or applied would not have already done their research.

My other feeling on this is that if you can mange to save up seperately before you go for all your start up costs which is what we have done - hence 'the spreadsheet'. You are not eating into your house equity and you can feel quite an acheivement once it's done. I know this just isn't an option for some people.

All in all it will be hard to start off and anyone who thinks the first year is going to be a walk in tha park is living in la la land.

The best things in life aint free folks! But we are not rolling in it here so better to be 'not' rolling in it somewhere nice. You have to make it work if you really want it and those people that do will be the people that stay I guess.

Max x

Go Banana's !!

Snap done exactly what you have done and each time we get it for less than our budget it feels great.

So far our flights are cheaper than our budget, our small endownment it healthier then we thought and a few other things are less than we planned.

We have an excellent rolling spreadsheet that hubby designed that we ammend DAILY as it links into the exchange rate. If anyone wants a copy send us a pm.

Jill

Grayling

You may well be right Max
But there are lots of posts by people who are going with no money or jobs and seem to have the impression that everything will be OK.
How many posts have we had recently where people are shocked by things like Dental and medical costs?
How many times do we hear: ' houses cost more than we expected'?
Or people saying that low wages will be OK 'As the cost of living will be less'?

I am not sure a lot of these things are possible to research.
It will certainly be easier if we keep discussing such matters

Best wishes

G

MrsDagboy

Anya, Medicare contributions are deducted from your wages, you dont have to worry about them. You may have to pay to go to the doctors if you dont go to a doctors that bulk bills, but you get a certain amount back from Medicare. I went to the doctors last week, cost me $40 (its gone up since last time I went at xmas! :scared: ) & I will get back $27 from Medicare (pretty sure thats the amount). So $13 out of pocket. If I went to a bulk billing doctor, I wouldnt pay anything, its worth it to find one!

As for prescriptions, unless you are a low income earner, you will pay a max of around $21 for a prescription on the PBS (subsidised medicines). Alot of the drugs are less than the $21 of course .

Believe it Max, there are quite a few out there, how many times do you see people on here posting "I have my visa, Im wondering if anyone can tell me if I should move to Perth or Brisbane & if I can get a job"? Ive seen heaps! :scared: