<blockquote rel="peach17"><blockquote rel="IslanderndCity"><blockquote rel="TasBurrfoot">I realised that I started this thread and I still not have shared our budget here in Australia.
1) Rent: $1,520 (2 bedroom villa located 10km north of MEL CBD)
2) Internet: $80 (iinet at 100gb/month)
3) Third Party Car Insurance: $37.76 (c/o AAMI)
4) Petrol: $150
5) Transportation: $132 (Myki with Zone 1 pass for myself; si misis nil kasi hatid sundo ko sa office)
6) Health Insurance: $252.90 (c/o Medibank - this will increase by more than 5% next month)
7) Grocery: $325 (varies but we budget it as this)
8) Electricity: $75 (average past months)
9) Gas: $20 (average past months)
10) Water: $40 (average past months)
11) Mobile Phone: $100 (I am on contract while wife is on prepaid)
Total: $2,732.66 (exacto pa talaga) - but we set aside $3,000 per month as our household expenditure.
As part of so-called preparing for our future retirement (which won't occur until another 25 years cguro...), we allot altogether $750/month as salary sacrifice to be placed in our superannuation fund.
Life is definitely more expensive here that what we were used to in Singapore but you will get by naman... By the way, the above expenses are for a couple with no kids.</blockquote>
wow! comprehensive list. can somebody from South Australia share your budget then po?</blockquote>
Hi @TasBurrfoot, monthly yung electricity, gas and water bill figures above right?
Mura lang pala ang utility bills master?
Ung sa Salary Packaging master, inavail nyo sya agad agad nung makakuha kayo ng work?
Mas bumababa ba talaga ang tax kapag nag salary packaging?
Hindi ko pa rin kasi maintindihan, sa case ko kasi Novated Car Lease and Salary Sacrifice through Super lang ang option ng Salary Packaging.
And since hindi ko pa sya magets kung paano bababa ang tax ko, hindi ko pa sya inaavail.
Hope you could help.
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I find it expensive - basic lang kasi yang utilities namin; unlike sa SIngapore before na aircon kami every night from 10PM to 7AM... 🙂
I availed kaagad the salary sacrifice to top up my superannuation contribution when I got my job last year. Bumababa ang tax in the way that instead of my usual tax rate, I just pay 15% of what I salary sacrificed as contribution tax.
To put it in perspective; for example 30% and tax mo, the amount you salary sacrificed will only be taxed at 15%... Yun nga lang, this will be for the long haul as you cannot touch your super until retirement.
I also have novated car lease but I did not bother with this as happy naman ako sa 14 yo car ko currently. I know the concept but there are some question marks pa.