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Living expenses

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Posted: Tue May 14, 2019 7:41pm
60 replies4269 views22 members subscribed
Trev58

Posts: 12

Location: Benijofar

6 helpful posts

Hi all, we are looking to retire to Spain our state pension won’t kick infor another 5 years and are trying to workout if £1500 Sterling would be enough to live on. Any advice comments please cheers

Trev

LeckyLes

LeckyLes

Very helpful member

Tue May 14, 2019 8:41pm

Posts: 900

Location: Cabo Roig

764 helpful posts

Posted: Tue May 14, 2019 8:41pm

Hi Trev,

To me Your initial budget of £1500  doesn't seem enough .

There are many variables ,not least taxes, healthcare cover,and community expenses etc.

Additional expenses not including food and socialising expenses, would be property insurance , vehicle expenses or public transport costs, Electricity and water Bill's, Monthly TV and/ or Internet charges, property repairs and household renewal of furniture,  and Kitchen Appliances etc when required . In effect, all the outgoings you would normally be paying back in the UK and maybe more.

I would say you would need to start a budget at two, three times and probably even much more of your £1500 estimate.

LeckyLes

Trev58

Trev58

Original Poster

Tue May 14, 2019 9:03pm

Posts: 12

Location: Benijofar

6 helpful posts

Posted: Tue May 14, 2019 9:03pm

Are you saying we would need over £3000 sterling per month to live on? we dont have that to live on in the uk and i thought the cost of living was similar to the uk, confused?

Villas

Villas

Very helpful member

Tue May 14, 2019 9:14pm

Posts: 1535

Location: Sax

842 helpful posts

Posted: Tue May 14, 2019 9:14pm

Trev58 wrote on Tue May 14, 2019 9:03pm:

Are you saying we would need over £3000 sterling per month to live on? we dont have that to live on in the uk and i thought the cost of living was similar to the uk, confused?

Hi wait.......(initial budget of £1500).1726.93€ TODAY. We can´t answer more, Jags , Boats, or walking about with a plastic bag......But we don´t know what you need..... Now listen to all the others...... I´m sure you´ll hear (bad & good.).....off we go!

Villas

Villas

Villas

Very helpful member

Tue May 14, 2019 9:24pm

Posts: 1535

Location: Sax

842 helpful posts

Posted: Tue May 14, 2019 9:24pm

Rdudden "most ex pats here are poverty stricken opinionated loosers"

Explain a little more?

Villas 

LeckyLes

LeckyLes

Very helpful member

Tue May 14, 2019 9:31pm

Posts: 900

Location: Cabo Roig

764 helpful posts

Posted: Tue May 14, 2019 9:31pm

No Rdudden, £ 4500 per year and that was only a base estimate for day to day Bill's, just to survive. 

In reality it would almost definitely be more. It sure is with us 😀

LeckyLes.

LeckyLes

LeckyLes

Very helpful member

Tue May 14, 2019 9:34pm

Posts: 900

Location: Cabo Roig

764 helpful posts

Posted: Tue May 14, 2019 9:34pm

Rdudden the O.P. seems to be suggesting that amount per year not per month. 😀

LeckyLes.

LeckyLes

LeckyLes

Very helpful member

Tue May 14, 2019 9:42pm

Posts: 900

Location: Cabo Roig

764 helpful posts

Posted: Tue May 14, 2019 9:42pm

. If it is a suggested budjet for a year then it May just be ok if living in a Cave and living off the land .😀

Sorry Trev, not meaning to trivialise your post but if you can come back in and maybe explain a bit more in detail your plans then hopefully we can assist. 👍

LeckyLes.

Trev58

Trev58

Original Poster

Tue May 14, 2019 9:42pm

Posts: 12

Location: Benijofar

6 helpful posts

Posted: Tue May 14, 2019 9:42pm

I should have made myself clearer, £1500 was per month, not per year or week, thanks

LeckyLes

LeckyLes

Very helpful member

Tue May 14, 2019 9:45pm

Posts: 900

Location: Cabo Roig

764 helpful posts

Posted: Tue May 14, 2019 9:45pm

Trev58 wrote on Tue May 14, 2019 9:42pm:

I should have made myself clearer, £1500 was per month, not per year or week, thanks

Thanks Trev, you had us in a spin there .

I am with  Rdudden then and £1500 per month should be more than adequate .

Best wishes ! 

LeckyLes.

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