Less than $30k
$30k - $40k
$40k - $50k
$50k - $70k
$70k - $80k
This is a fantastic thread, certainly in a place like HK very interesting. Noted the tip on the travel hacking, definitely going to investigate. Here's my monthly budget:
2,500 management fee
12,500 pay to elderly folks
1,500 lunches, odd dinners
600 transport (after subsidy)
4,000 holidays (average, 1 trip to UK/Europe plus 6-7 other trips)
1,500 random items
1,500 going out misc
If I read between the lines correctly, your folks helped you buy a place, and now you help them out. Smart system!
Home-made instant annuity investment scheme with special features like capital protection, automatic inheritance transfer, tax benefit passed on to next generation and life long annuity guarantee..
Rent 15000 (Got a good deal for a nice studio wished it would make sense to buy property instead of wasting this much each month)
Food 6000 (never cook here)
Outings (non food mostly drinks) 1500-2000
Transport 400 (mtr + taxis)
then you have to factor in trips and random spends (high end / luxury shopping, technology products) Planning to get a decent one bed room apartment to cook in on evenings/weekends but cannot find anything decent for less than 18k. Also it doesnâ€™t really make sense financially as my good budget would probably decrease by only 2000 so less than the rent increase with new apartment + my time spent cooking but it would be healthier...
Last edited by TheRoadAhead; 12-01-2020 at 10:40 AM.
Two people- Last month, fairly typical
electric and water 500
only spending not included is clothes (as little as possible)
we do spend loads on holidays!!