Hi All,
I will be moving to HK in mid August, with my spouse and kid (15 mths) for a short term assignment - 2 yrs. I have actively read different posts on this forum and pretty much understand many things about HK. 1. Housing is very expensive.
2. people with 20 HKD pm are sometimes more happier than those with 50 HKD. It basically upto what lifestyle one wants to follow.
I am offered a package of 600 K HKD pa., I am fully aware that this will help me and my dependants lead a normal life (albeit not lavish )
I need some suggestions from you guys to help me decide.
1. Will I be able to get a fully furnished apt in NT for around 12K pm, more on Tseung Kwan O side. ( office is in Central) I am ok with the commute. Looking for around 700 sq ft , 2 Bed apt.
2. I have a huge mortgage at present at my home base. I need to save around 10 HKD to sustain that. (Please advise on the expenditure heads considered below). I may have over/ under estimated certain expenses but just looking for a ball park figure.
Realistically speaking, will I be able to save a decent amount from my salary on a monthly basis. I dont want to live counting every penny but I am not a spend thrift too.
In all I expect and plan to budget the following.
1. Housing = 12 K
2. Food = 7.5 K
3. Utilities = 1.5 K
4. Travel = 3 K
5. Tax at end 3 K
6. Any other 5 K
So total monthly exp = 32 K + 10 K (home mortgage) = 42K, still leaves me around 8K for splurge :-) ...
Let me know if my budgets are too optimistic ?
Thank you all for taking your time to read my post..
Golum