View Poll Results: What's your total monthly spending in HK?

Voters
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  • Less than $30k

    55 50.93%
  • $30k - $40k

    17 15.74%
  • $40k - $50k

    10 9.26%
  • $50k - $70k

    16 14.81%
  • $70k - $80k

    2 1.85%
  • $80k+

    8 7.41%
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Post your frugal budget

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  1. #1

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,000

    Post your frugal budget

    For the frugal minded of us it might be fun to compare budgets and share tips on how to drive down costs. So post your frugal (or frugalish) monthly budget.

    Here's our monthly budget for 2 adults and 2 young kids. I haven't included vacations here since these can vary widely depending on people's individual situations, plus some travel hacking can really help keep travel costs low. I also haven't included rent since I think people's housing situations also vary pretty widely.

    Groceries $3800
    Mobile (2 lines 5 GB LTE) $192
    Internet + TV (100 Mbps) $198
    Transport (Trams and buses) $320
    Clothes $1000
    Restaurants $3200
    Health insurance (12M annual limit per person) $930
    Utilities $2000
    Hobbies $1000

    Total $12,640

    Utilities for us is really bad due to AC. We're going to have our old AC replaced with a more energy efficient model. I'm aiming to get this under $1000 soon.

    So what's your budget like? Any tips you'd like to share on how to drive those costs down?

    Last edited by cendrillon; 25-09-2017 at 10:33 AM.

  2. #2

    Join Date
    Oct 2010
    Posts
    18,794

    Nothing in your budget for schools? Service charges for apartment or insurance/maintenance for houses?


  3. #3

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,000
    Quote Originally Posted by TheBrit
    Nothing in your budget for schools? Service charges for apartment or insurance/maintenance for houses?
    We're going the local route for school since our kids are fluent in Cantonese and Mandarin and we want that to keep improving. Our apartment management fee is pretty low, around $1300. I think its less interesting to compare housing costs since some people bought long ago when prices were cheap where as others are paying a lot for rent. There's less useful tips to share on that front.

    How about you, do you have a budget or some frugal tips to share?
    Last edited by cendrillon; 25-09-2017 at 10:35 AM.

  4. #4

    Join Date
    May 2006
    Posts
    5,651

    How much do you spend on travel?


  5. #5

    Join Date
    Aug 2008
    Location
    ??
    Posts
    16,499
    Quote Originally Posted by cendrillon
    We're going the local route for school. Our apartment management fee is pretty low, around $1300. I think its less interesting to compare housing costs since some people bought long ago when prices were cheap where as others are paying a lot for rent. There's less useful tips to share on that front.

    How about you, do you have a budget or some frugal tips to share?
    I guess not that much you can cut

    - Restaurants $3200
    Eat cheaper and cook more?

    - Health insurance (12M annual limit per person) $930
    As discussed in another thread. This could be somewhere you look to reduce

    - Utilities $2000
    Seems high but many variables. I would also suggest getting a ceiling fan fitted.
    https://hk.wellindal.com/home/orbego...SABEgIgK_D_BwE

    Did you fit window film and or thermal blinds?

    What type of aircon are you going for?
    Last edited by East_coast; 25-09-2017 at 10:49 AM.

  6. #6

    Join Date
    Aug 2006
    Posts
    9,740
    Quote Originally Posted by East_coast

    - Utilities $2000
    Seems high but many variables. I would also suggest getting a ceiling fan fitted.

    Did you fit window film?

    What type of aircon are you going for?
    It's worth pointing out that there's a big difference between DC and AC fans when it comes to power consumption.
    East_coast and imparanoic like this.

  7. #7

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,000
    Quote Originally Posted by civil_servant
    How much do you spend on travel?
    We have about 800k miles from travel hacking over the last year so we don't spend much on airfares. We either do short trips to places like Thailand where really nice accommodation through Airbnb is cheap, or we do long haul trips and stay with relatives. I would say this averages out to around $1300 per month.

    How about you?
    Last edited by cendrillon; 25-09-2017 at 11:13 AM.

  8. #8

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,000
    Quote Originally Posted by East_coast
    I guess not that much you can cut

    - Restaurants $3200
    Eat cheaper and cook more?

    - Health insurance (12M annual limit per person) $930
    As discussed in another thread. This could be somewhere you look to reduce

    - Utilities $2000
    Seems high but many variables. I would also suggest getting a ceiling fan fitted.
    https://hk.wellindal.com/home/orbego...SABEgIgK_D_BwE

    Did you fit window film and or thermal blinds?

    What type of aircon are you going for?
    I'm in the process of fitting film now.

    For AC there's two models I'm looking at. One is from Daikin. It runs on R32 refrigerant and has a DC inverter. Power consumption is 1315 W for a 17100 BTU/hr unit.

    The other is from General. It's a bit cheaper and uses 1190 W with 17700 BTU/hr.

    These are both big improvements on our current General AC which uses 1890 W.
    Last edited by cendrillon; 25-09-2017 at 11:18 AM.

  9. #9

    Join Date
    Aug 2006
    Posts
    9,740

    I believe that power consumption figures for air conditioners are self reported, there is no verification despite it these figures turning up on government sites.

    cendrillon likes this.

  10. #10

    Join Date
    Sep 2013
    Posts
    20

    If I understand correctly, you can feed a family of 4 for $7,000 per month?
    Impressive.


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