Jump to content
BANGKOK

Archived

This topic is now archived and is closed to further replies.

JASON THAI

How low can you go, monthly budget cost

Recommended Posts

Jason they lowered the maximum years of work for a full pension down to thirty years, but raised the retirement age.

HL

Cheers that's good to know so I will only need to pay fo 1 year of NI crap as I will have already paid 29 years to get the full state pension if there is one or if I am still alive lol.

my understanding,but its not entirely clear yet,is that for those of us below UK retirement age (when the goalposts move in 2015) will only get a state pension pro-rata to the new 35 years NI contributions required.

To give you my situation,I am 58,I was told by the UK Pensions service,some years ago that as I had made 30 years Ni contributions no further years needed to be paid to qualify for the full pension.

Now,it seems that I will only qualify for 30/35 or about 85% of the full state pension.

Additionally,I have not seen any openings for people circa my age to be able to purchase the additional 5 years.

So,it would seem,stuffed again................unless any of you know any different.

As non-UK resident for tax purposes for the last 20 years I paid voluntary NI contributions up to age 65 (last year) and will receive the full UK State Pension. I have deferred taking it until I need to and it will build up accordingly.

Share this post


Link to post
Share on other sites

I live with my girlfriend in her parents house, so the 4 of us and a baby on the way.

These are my monthly outgoings.

Water = 200

...

.

We could easily spend less and more.

Thanks for your breakdown costs

Hope the plans are going well Jason!

Share this post


Link to post
Share on other sites

I live with my girlfriend in her parents house, so the 4 of us and a baby on the way.

These are my monthly outgoings.

Water = 200

...

.

We could easily spend less and more.

Thanks for your breakdown costs

Hope the plans are going well Jason!

Yea things have got better, got a 4k GBP bonus from work, which will now help to push up my income to 30k per month with the wife & daughters income on top of this should be looking at 35-36k a month to start off with for the first year then working PT & doing my internet businesses should bring me up to 50k per month from the second year which for me is enough as I will also have over 20k GBP as backup money for emergencies.

The wife has sent money to Thailand to build a small chicken farm on her mums land, we are not getting the small chicks, but the big ones 7 in total which should produce about 6 eggs a day or 180 eggs a month we will keep half for us to eat and sell the remaining 90 for 300 Baht to cover the cost for the chicken food.

Our mango trees have finally started to produce been waiting nearly 6 years but we have 2 big trees so half my breakfast is free now if I include the eggs lol, we also have another fruit tree the wife calls them shampoo, never heard of them before and we also have a pappya tree which is doing great, the MIL have rice land so, rice is free well most of the time 555 .

Now got to wait a long 18 months before I can put this plan to action !!

Share this post


Link to post
Share on other sites

retired with wife, no children, living about 100km outside of Korat and 3 km outside of "town".. House paid for. 5000 a month car payment. Don't drink. Have a few rai to grow rice, some vegetables and fruit trees. Eat mostly Thai. There is nothing to spend money on out here, I live on the train line so it only costs me 14 baht to go to the city. 15000 to 20000 a month, mostly depends on insurance payments for the difference.

Thanks for your post, I already have rice & fruit trees growing, what vegetables do you grow, I was looking into tomatos and the wife is setting up a Chicken Coop for about 7 so we should get about 6 eggs per day for us to eat also she has got the MIL to plant a bannana tree will take a bit of time to grow but should be ready by the time we get there.

Living off the land is the best way to keep your food budget down IMHO

Share this post


Link to post
Share on other sites

A set of Mach 3 razor blades and 3 days of your food budget is gone already. Socks have gone up from 5 for 100b to 3 for 100b in the blink of an eye. rolleyes.gif

I hope any budget people are making isn't based on foreign income. When I came here 10 years ago people I met with income from the UK were getting around 70b to the pound. There were probably a few 65 yr olds coming over then with their pension, 1000 quid equalling 70k p/m in a cheap ol' Thailand. Paradise retirement. rolleyes.gif

10 years later and they're 75 yrs old only getting 53b to the pound in an expensive Thailand. Bet that isn't a nice unless their pension is at least 3000gbp p/m.

Why do you need to buy socks in Thailand?

Share this post


Link to post
Share on other sites

A set of Mach 3 razor blades and 3 days of your food budget is gone already. Socks have gone up from 5 for 100b to 3 for 100b in the blink of an eye. rolleyes.gif

I hope any budget people are making isn't based on foreign income. When I came here 10 years ago people I met with income from the UK were getting around 70b to the pound. There were probably a few 65 yr olds coming over then with their pension, 1000 quid equalling 70k p/m in a cheap ol' Thailand. Paradise retirement. rolleyes.gif

10 years later and they're 75 yrs old only getting 53b to the pound in an expensive Thailand. Bet that isn't a nice unless their pension is at least 3000gbp p/m.

Why do you need to buy socks in Thailand?

That's the latest fashion, socks & sandles biggrin.png

Share this post


Link to post
Share on other sites

That's the latest fashion, socks & sandles biggrin.png

Only with baggy shorts and a "wife beater" vest.

Sent from my iPhone using Thaivisa Connect Thailand mobile app

Share this post


Link to post
Share on other sites

A set of Mach 3 razor blades and 3 days of your food budget is gone already. Socks have gone up from 5 for 100b to 3 for 100b in the blink of an eye. rolleyes.gif

I hope any budget people are making isn't based on foreign income. When I came here 10 years ago people I met with income from the UK were getting around 70b to the pound. There were probably a few 65 yr olds coming over then with their pension, 1000 quid equalling 70k p/m in a cheap ol' Thailand. Paradise retirement. rolleyes.gif

10 years later and they're 75 yrs old only getting 53b to the pound in an expensive Thailand. Bet that isn't a nice unless their pension is at least 3000gbp p/m.

Why do you need to buy socks in Thailand?

That's the latest fashion, socks & sandles biggrin.png

If you say so.

Share this post


Link to post
Share on other sites

In the 6 years I have lived in Thailand I have read many of these budget forums for people moving here. A lot are moving to Issan on fairly tight budgets i.e. living for a Month on a weeks salary or less based on Australian incomes. What is the attraction? Is it a case of rose coloured glasses that tend to fade the longer they try this budget balancing act and if they do manage it does the fascination with Thailand fade after a while or the budget go out the window. As we moved here for business reasons I have never had to personally confront these sort of issues but it would be interesting to hear from those that have tried and either succeeded or failed.

Sent from my Slate 21 using Thaivisa Connect Thailand mobile app

Share this post


Link to post
Share on other sites

In my opinion, based on my experience of living in Isan for several years, including a few out in the village, sticking to a tight budget without a fair chunk of cash allotted for simply having fun, is a sure way to go mad quick.

My budget is now very simple:

20k Baht to the Mrs, she buys the food, pays the bills etc.

30k Baht pocket money for having fun.

Share this post


Link to post
Share on other sites

I think you could shave a little off the food and phone card. Would be tight but possible.

Share this post


Link to post
Share on other sites

In my opinion, based on my experience of living in Isan for several years, including a few out in the village, sticking to a tight budget without a fair chunk of cash allotted for simply having fun, is a sure way to go mad quick.

My budget is now very simple:

20k Baht to the Mrs, she buys the food, pays the bills etc.

30k Baht pocket money for having fun.

What did you spend 30,000 baht on in a month when you were living in a village ?

Share this post


Link to post
Share on other sites

In my opinion, based on my experience of living in Isan for several years, including a few out in the village, sticking to a tight budget without a fair chunk of cash allotted for simply having fun, is a sure way to go mad quick.

My budget is now very simple:

20k Baht to the Mrs, she buys the food, pays the bills etc.

30k Baht pocket money for having fun.

What did you spend 30,000 baht on in a month when you were living in a village ?

Getting out of the village usually! 2-3 days a week me and the Mrs having a long lunch in the city, a few beers most days, BBQ for the family at the weekends, 1 or 2 nights in a hotel in the city a week so I can have a night out with the lads and not worry about getting home. It all adds up!

Share this post


Link to post
Share on other sites

Very nice Cam Khao. Most people prefer to sit outside their house and watch the rice grow thumbsup.giffacepalm.gif

Share this post


Link to post
Share on other sites

Very nice Cam Khao. Most people prefer to sit outside their house and watch the rice grow thumbsup.giffacepalm.gif

I'm not dead yet, and neither am I happy to sit around waiting to die :)

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...