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Living costs

Posted: Wed Jan 23, 2019 10:01am
10 replies377 views6 members subscribed
Eileen58

Posts: 25

Location: Balsicas

Joined: 29 Oct 2018

Hi there

We are hoping to buy a property in spain from the sale of our house, until we receive our pensions,  would €700 a month be enough to live on?

Bill17520

Posted: Thu Jan 24, 2019 8:48am

Bill17520

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Posts: 278

143 helpful points

Location: Los Urrutias

Joined: 10 Mar 2018

Posted: Thu Jan 24, 2019 8:48am

Hi, It looks very tight and you need to be more specific. For instance the size of house (for electricity cost..v.expensive), have you factored in health insurance, car running costs....also bear in mind the pound may drop still further, so less Euros??

crissywissy

Posted: Thu Jan 24, 2019 9:07am

crissywissy

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Location: Mar Menor

Joined: 26 Sep 2015

Posted: Thu Jan 24, 2019 9:07am

you need to prove an income of more than this to apply for residencia which you must do if you are going to live here ...this also includes having prvate health care so you need to factor in the cost of this too.....why not rent until you get your pensions then you will have more disposable income.

Bhamoggy

Posted: Thu Jan 24, 2019 9:49pm

Bhamoggy

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Location: Camposol

Joined: 22 Jan 2018

Posted: Thu Jan 24, 2019 9:49pm

Living costs

Electric bill - 100

Water bill - 50

Food - 200

Petrol - 70

Health insurance - 100

IBI tax - 50

Car insurance & tax - 30

Mobile phone and internet 50

Home insurance 20

€670

crissywissy

Posted: Thu Jan 24, 2019 10:55pm

crissywissy

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Location: Mar Menor

Joined: 26 Sep 2015

Posted: Thu Jan 24, 2019 10:55pm

I certainly couldn’t live on just 30€ left very month!! 

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Bhamoggy

Posted: Thu Jan 24, 2019 11:40pm

Bhamoggy

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Posts: 160

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Location: Camposol

Joined: 22 Jan 2018

Posted: Thu Jan 24, 2019 11:40pm

crissywissy wrote on Thu Jan 24, 2019 10:55pm:

I certainly couldn’t live on just 30€ left very month!! 

Obviously I’m trying to giving the op a breakdown. 

You clearly have missed what I’m trying to do

Bill17520

Posted: Fri Jan 25, 2019 8:58am

Bill17520

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Posts: 278

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Location: Los Urrutias

Joined: 10 Mar 2018

Posted: Fri Jan 25, 2019 8:58am

I agree with Crissywissy. You need about 15 to 20% in reserve for emergencies and the unexpected. Also we could not live decently on €200 food a month....more like €350 and that only for local food and the occasion menu del dia.

Pebbles

Posted: Fri Jan 25, 2019 9:50pm

Pebbles

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Location: Fuente Álamo

Joined: 25 Jan 2018

Posted: Fri Jan 25, 2019 9:50pm

Hi Eileen

When you say will €700 be enough to live off, I take it this does not include bills etc. this figure is just to purely live off for food etc.  If it's just for that then I see no reason why you can't survive on €700 a month, if you buy your fresh goods from the markets and have an occasional menu Del Dias I see no reason why you couldn't budget on that figure, but if you're having to include bills etc. Into that figure, Now that's another story 😬

Don't give up on your dream☺️

Bill17520

Posted: Sat Jan 26, 2019 10:55am

Bill17520

Helpful member

Posts: 278

143 helpful points

Location: Los Urrutias

Joined: 10 Mar 2018

Posted: Sat Jan 26, 2019 10:55am

Hi Eileen, I think it would help all the nice folk who have replied by telling us what you mean by "live on"? Do you mean ALL monthly costs or just food? Kind regards, Bill

Eileen58

Posted: Thu Jan 31, 2019 1:34pm

Eileen58

Original Poster

Posts: 25

Location: Balsicas

Joined: 29 Oct 2018

Posted: Thu Jan 31, 2019 1:34pm

This  was just a rough figure that came to mind, as this would rouhly be state pension figure.

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