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Bytor
14th February 2012, 14:44
So I'm going to be living on my own soon (Don't ask) and trying to work out rough weekly expenses.
Trouble is I know what I earn per week, what child support will be, roughly food/petrol etc but I can't seem to find any info on how much a week it'll cost to run say a 2 bed unit in Auckland (prob Manukau City).
Can anyone give me an indication of what expenses I need to allow for and how much i.e. rates, water, power, phone, internet (ok phone and internet I can find). Anything I've forgotten?

Even the CAB don't have any kind of updated living expenses to use as a guide.

Cheers

sil3nt
14th February 2012, 15:10
AFAIK renters don't pay rates or water. Could depend on where you live though.

Power should be less than $100 a month (was around $80-$100 for me and the GF in a tiny 2 bedroom place, is $100-$200 with 4 of us now). Depends on how many PC's, TV's and fridges you have really!

I would budget

$100 /month Phone & Internet
$100 /month Power

And thats about it really?

SMOKEU
14th February 2012, 15:11
Rates should be covered by the landlord (you end up paying for it as part of the rent). You might use $250 a month of power in winter, maybe $150 in summer depending on the age of the place you're renting and what heating you have. Internet might be $80 a month, phone maybe $40 (do you really need a land line phone?).

Sit down with a piece of paper and a pen and write down all the weekly expenses (rent, food, power, internet, phone etc) and you should have a pretty good idea how much you're going to spend.

SMOKEU
14th February 2012, 15:12
Power should be less than $100 a month (was around $80-$100 for me and the GF in a tiny 2 bedroom place, is $100-$200 with 4 of us now).

Fuck that's cheap.

nzspokes
14th February 2012, 15:15
So I'm going to be living on my own soon (Don't ask) and trying to work out rough weekly expenses.
Trouble is I know what I earn per week, what child support will be, roughly food/petrol etc but I can't seem to find any info on how much a week it'll cost to run say a 2 bed unit in Auckland (prob Manukau City).
Can anyone give me an indication of what expenses I need to allow for and how much i.e. rates, water, power, phone, internet (ok phone and internet I can find). Anything I've forgotten?

Even the CAB don't have any kind of updated living expenses to use as a guide.

Cheers

Well if your in Manukau, come along to SASS. :niceone:

DMNTD
14th February 2012, 15:17
Re child support...100% depends on how many kids and how much you earn. As much as $600+ per week or as little as $50...

Bytor
14th February 2012, 15:22
AFAIK renters don't pay rates or water. Could depend on where you live though.

Power should be less than $100 a month (was around $80-$100 for me and the GF in a tiny 2 bedroom place, is $100-$200 with 4 of us now). Depends on how many PC's, TV's and fridges you have really!

I would budget

$100 /month Phone & Internet
$100 /month Power

And thats about it really?

Sweet, so rates I can forget about then! A lot of rental ads I'm looking at don't include water rates, infact hardly any do - can't imagine it'll be too much though.

Bytor
14th February 2012, 15:24
Sit down with a piece of paper and a pen and write down all the weekly expenses (rent, food, power, internet, phone etc) and you should have a pretty good idea how much you're going to spend.

Yep that's what I'm trying to do so i can work out how much I can afford or not afford for rent. Thanks for the figures.

nzspokes
14th February 2012, 15:25
Re child support...100% depends on how many kids and how much you earn. As much as $600+ per week or as little as $50...

Mine started at $1200 per week. Took them a while to understand it was wee bit more than I earned. <_<

Bytor
14th February 2012, 15:25
Re child support...100% depends on how many kids and how much you earn. As much as $600+ per week or as little as $50...

Ha ha wish it was $50.....

Bytor
14th February 2012, 15:26
Well if your in Manukau, come along to SASS. :niceone:

Would but have sold my bike. Things may change though when the house gets sold and I have a little cash....fancy a Husqvarna 630sm.....mmmm

Howie
14th February 2012, 15:37
Re child support...100% depends on how many kids and how much you earn. As much as $600+ per week or as little as $50...

Can be less than $50 a week, I receive the princely sum of seventy something dollars a month in child suport. You can work out How much you'll have to pay in Child suport fairlyaccurately on the IRD website.

DMNTD
14th February 2012, 15:37
Ha ha wish it was $50.....

I have 5 kids...do the math :mellow:

DMNTD
14th February 2012, 15:39
Can be less than $50 a week, I receive the princely sum of seventy something dollars a month in child suport. You can work out How much you'll have to pay in Child suport fairlyaccurately on the IRD website.

Indeed but what someone pays and what the other person receives can be waaaaaaaaaaaaaay out.
The day that 'they' can proof that a kids costs more than $80 per week to raise, then I'd be happy to pay it

Maha
14th February 2012, 15:41
Ha ha wish it was $50.....

I pay around that figure for my daughter...but she gets whatever she asks for through the year..like phone top ups/gadgets/clothes and mall money...its not a problem.

Howie
14th February 2012, 15:48
Indeed but what someone pays and what the other person receives can be waaaaaaaaaaaaaay out.
The day that 'they' can proof that a kids costs more than $80 per week to raise, then I'd be happy to pay it

That only happens if the person Receiving the Money is on a Benefit. I get all that is paid.

As to the cost of Raising a child, work it out sometime, You have Shelter, food, medical, education, out of school care, clothing, Holidays, educational trips, sporting interests etc to pay for. $80 a week might work at younger ages maybe, but costs would be way more once in the teen years.

merv
14th February 2012, 16:09
When renting, if you have anything worth stealing don't forget you will need your own contents/personal possessions insurance and that's probably $5 to $10 per week depending on the value of your stuff.

The landlord should cover the house insurance of course.

Usarka
14th February 2012, 19:55
Water should be around $25 per month give or take.


When renting, if you have anything worth stealing don't forget you will need your own contents/personal possessions insurance and that's probably $5 to $10 per week depending on the value of your stuff.

The landlord should cover the house insurance of course.

Insurance is worth getting/considering even if you have squat. The tenant is liable if they burn the place down.....

Wannabiker
14th February 2012, 19:58
Yes, do budget a little for contents insurance.... and some indemnity cover. (just in case you do major damage, like fall asleep with the frying pan on the stove, flood the kitchen, etc.). I know of someone still paying for a 10K kitchen repair following a fire at their flat.

avgas
14th February 2012, 20:26
When I was a lowly student all my bills could fit in $170/wk.

Now I am a moron I am lucky if I can fit the lot inside $1000/week.

I am paying over $150/week in student loan alone. Rent is $435.

Thank god my uni study pays off on the power bill. I think we pay about $100/month for 3 bedroom house.

Wife has just gone back to work. And I have almost saved enough for a set of tyres. I haven't had a WOF since Jan 2011.

Sable
14th February 2012, 20:46
I pay 110 a week expenses included for a room in a flat, if I'm careful food can be as low as $50.