Following the same style
Note that all estimates are based on my experience and towards the
higher side to be safe.
PedroPop wrote:Good Day All
Rather than creating a new thread I thought I would follow on. I am looking to relocate from the UK. I have a job lined up. I will be coming with my girlfriend (of 9 years). I have 2 dogs and a cat
so you know the basics. I am 40 years old.
I have a salary of 350,000 a year.
I will need a house/villa with a garden to rent. I will need 2 cars (Maybe a smallish family type, mondeo or similar and a 4x4, rental of the family car and buy a 3 or 4 year old 4x4).
Villa 2 BR = 130 ~ 150K (Springs, Arabian ranches, or mirdiff)
2 cars = 180K total 45k PA (3750 pm on 5 years 5% intrest)
Both brand new (Pajero + Accord)
PedroPop wrote:What should I be looking at spending every month on what I have said above?
~ 5k pm is very fair
PedroPop wrote: Do I need health cover?
your job should provide it for you, but your GF ... donno if you can add her as a wife (but you both should have, it is expensive here)
PedroPop wrote: Is electricity/water really that expensive?
Reasonablly priced i think, add to it 3% of your rent, so i would expect you pay 1.2~1.5k a month. so 18 k a year
PedroPop wrote: Will my dogs be OK
Depends on their breed and how much they can take heat if you will keep them outside in summer... it gets really hot
PedroPop wrote: Is that a good salary for a man of my age?
I believe it is medium good
PedroPop wrote:
What type of broadband speed would I be looking at?
i'm using 512kb and it is very enough.
PedroPop wrote:
Thanks for any help, its greatly appreciated
so in total you will be spending around 270 PA, so to be extremely cautious i would put 30% as unidentified scope and risk factor
, then you would be exactly 350 pa.
As the way i do the calculations and they are all on the high side from my limited experience.
I would very confidently tell you:
This is a good offer, take it. You can save alot if you had moderate lifestyle, but in the end it all depends on what you do and how you do it.
Opportunities are:
2 used cars 2-3 years old. It will be one time investment of 100 K for both.
no need for villa, get an apartment as in summer dogs won't stand the heat (i do assume).
have a modest lifestyle and less expensive outings and you will be saving a 100k a year at least.