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
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
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
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?
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
Rdudden "most ex pats here are poverty stricken opinionated loosers"
Explain a little more?
Villas
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This post that was quoted has been deleted.
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.
This post that was quoted has been deleted.
Rdudden the O.P. seems to be suggesting that amount per year not per month. 😀
LeckyLes.
This post that was quoted has been deleted.
. 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.
I should have made myself clearer, £1500 was per month, not per year or week, thanks
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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