1st Year Cost of Living
Guys and gals I just wanted to put some thought into the cost of living with Year 1 SO salary. It would be grateful if anyone with solid knowledge could add to/amend my rough calculations.
Income
Pre-Tax
Salary = $398,148
13th Month Bonus = $33,179
Flight Pay (based on 84 credit hours a month) = $29,398 per annum
After-Tax (assuming 13th month bonus is not taxed)
Salary + Flight Pay = $427,546
Tax of 15%
After-Tax income = $363,414
Per Month = $30,284
Expenditure
Rent = $10,000
Food (weekly shop of about $300) = $1,200
Home Telephone = $110
Mobile Phone = $300
Internet = $280
Electricity = $300
Gas = $400
Water = $150
Public Transport (very roughly estimated since depends on lots of factors) = $560
Total expenditure so far = $13,300
OK i need to add a lot more to the expenditures. As long as you don't go out to LKF every night!
Please help me add to these calculations!
At the moment, net income after BASIC expenditure is $16,984 (if you are a hermit)