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Pension experiment, page-16

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pintohoo

81,157 Posts.

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22/02/18

00:53

Post #: 31240630
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Originally posted by picastoc ↑

I admire your efforts. It would be very informative and give one a good appreciation of what life on a pension means. In the past, I've never bothered with calculating my weekly expenses. I have now done so across a year. That $350 rental charge is the killer, for sure. Living in one's own home has pretty much fixed expenses - council rates, water, gas, electricity. For me that equals $77 per week. If I had a pension of $447 per week and below were my weekly expenses:
Gas, Water, Electricity, Rates = $77
Food = $100
Car = $28
Chemist = $12
Phone/internet = $45
Insurances = $50
BodyCorp = $22
Hairdresser=$10
Clothes = $25
Transport=$10
Gifts = $25
Craft=$10
TOTAL $337

This does not count in newspapers, magazines, the replacement vacuum cleaner, the purchase of a smart-phone (essential as old phone was going off network), pair of specs, solar whiz for roof top, eating out, and a new washing machine.
These add a further $100 per week. (Specs cost $1079!!! Yikes.) With these added, total is $437 per week.

So, the $447 per week is within my last year's budget.

Now that was a fluke because I juggled no numbers at all in this exercise.
If I rented at $350 per week, then it is a totally different exercise as in CANNOT BE DONE.

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Pretty good list.

Can you factor in car depreciation/replacement?

Also - body Corp - does that leave zero outside maint?

Tia
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