can you live by 500 dollars in month , in your country ?

[Godobeyer]

I would vote for such a candidate. The current government is selling off resources to the highest bidder but also making foreign companies immune to national laws. So a foreign company operating a oil refinery or pipeline in Canada can not only break laws like safety regulations but also avoid legal penalties.

there are foreign oil companies here , they shared the benefits with goverment (51% for goverment,49% for foreign oil company) there is oil Algerian 100% company which always discover oil in Sahara desert .

my point is : IF Canadian or USA goverments would nationalizing the oil company (take it from individuals) , so money goes to goverment then to whole people as national fortune (equality), is that would be better .

The cost of services and products is directly influences by the wages citizens earn. This is influenced by the costs of production costs. There is also the factor based on if an item is imported or not. So the value of a dollar in one nation is in parity with the average wages, cost of services, fees and taxes. For example min wages is 10-11 dollars so cost reflect this wage. So for a company to make a profit whatever services or products it provides it needs to charge a rate which corresponds to its costs. If 10 people making 10 usd/hour produce 100 baskets an hour in total, 100 usd cost for labour. The resources costs per basket is 1 usd, 100 cost for resources. So these hundred baskets must be sold at a rate which covers these costs. There is also transportation of items, fees, taxes and other investment such as advertising. This further adjusts the final price of an item. There is also investments made into the dollar via the stock market. This drives the value of currency, up and down, thus cost change accordingly, if very slowly.

Keep in mind the average wage in Algeria in USD is about 1/5 of what it is in Canada. So you pay for the value of the item in your nation rather than what it is in another nation. A portion of the population can take advantage between the disparity between the costs in Algeria and Canada short-term. Hence why tourist visit nations on the lower end of the development index as their money is worth more in that nations market. Only business and the rich can take full advantage of this disparity long-term as their sources of income are not directly bound by working in a specific location like a common labourer.

our commun wage (teachers,employers) in Algeria is almost $400 , so most of Algerian could live with this wage comfortable for one month , and plus they can economy about $100 .

a family of 3 person can live (all bills) for month by $400 in Algeria , one person in Europe or North America can't live by $400 !!! it's about 45000 Dinars for month .depend the degree of employed (+.-)


Note our goverment are support the essential food ,as wheat, milk,oil ,sugar ..etc , so wheat, milk and other products are come to citizen less than it's world prize .

 

[Godobeyer]

Interesting article

http://money.usnews.com/money/blogs/alpha-consumer/2010/11/12/how-to-live-on-500-a-month

I could not acces to this link , it's maybe contian some java ....

 

[Milton Platt]

Hi all

I just want to know if 500 dollars enough to live for month in different country by different currency costs (by convert it to your currency)

for exemple :
I am from Algeria :

500 dollars converted to Algerian currency , cost 52954 Dinars

52945 Dinars make live very normal month in Algeria "like a little king" .

edited to add currency converter:
check this site :

http://www.xe.com/fr/currencyconverter/convert/?Amount=500&From=USD&To=DZD

my friend from USA , said "he spend 500 dollars for a week !!! and it's not enough to live in USA because of taxes !!!"

can you live normal by 500 dollars in month ?

One could certainly live at that level and many do. But I can tell you from past experience that it is not a comfortable life. You would be living under less than ideal conditions. You would be living in poverty.

 

[Milton Platt]

there are foreign oil companies here , they shared the benefits with goverment (51% for goverment,49% for foreign oil company) there is oil Algerian 100% company which always discover oil in Sahara desert .

my point is : IF Canadian or USA goverments would nationalizing the oil company (take it from individuals) , so money goes to goverment then to whole people as national fortune (equality), is that would be better .





our commun wage (teachers,employers) in Algeria is almost $400 , so most of Algerian could live with this wage comfortable for one month , and plus they can economy about $100 .

a family of 3 person can live (all bills) for month by $400 in Algeria , one person in Europe or North America can't live by $400 !!! it's about 45000 Dinars for month .depend the degree of employed (+.-)


Note our goverment are support the essential food ,as wheat, milk,oil ,sugar ..etc , so wheat, milk and other products are come to citizen less than it's world prize .

The wheat, milk, oil, sugar does not actually cost less than it is worth. The government collects taxes from you and uses it to pay the difference. That makes no sense and is far less efficient than free market.

Oil companies also pay taxes here, just not as much. The rest is distributed to shareholders of the company (people like you and me) and used to pay salaries, and expenses of running the company. A large share also goes into exploration and improved technology. Your state run oil company does not invest much if anything in research, they simply buy it from others or proceed on old technology which is decades old. When they "always find oil in the Sahara" it is with the help of technology developed by others, not themselves. They only are only looking in one small country. Independent energy companies are looking globally and investing in alternative energy research. How much has your state run company invested in research into other energy sources?

 

[Shadow Wolf]

Interesting article

http://money.usnews.com/money/blogs/alpha-consumer/2010/11/12/how-to-live-on-500-a-month

That title assumes it is possible to do all steps involved, including move back in with your parents (I have to move away from the state my parents are in if I want a decent job with double-digit hourly income; and many just can't move back in), and that giving up your car is an option (for me, it's not). If you are paying for housing, chances are not good that you'll actually be able to live on $500 a month, even where it's cheap. It has some interesting things (the cookie trick sounds cool), but it won't get you living on $500 a month.

I think you misunderstood my post. Surfer Dude does not have a house, nor kids, has free emergency care at hospitals, does it look like he goes to work every day. You are generalizing everyone's s situation as equal. They are not. I just pointed out that Surfer Dude can probably make it on $500 a month sponging off his friends, relatives, and the taxpayer. It's his current life style.

If he's alright with that. But if he can't maintain that lifestyle, $500 a month isn't gonna cut it.

 

[Godobeyer]

Hi everyone,

The OP remind me with a Saudi TV program about loans,debts and the interest effect in some communities,
the program is translated to English.

Good video document

so credit cards are made debt for people in West !!!!

Education in university in Algeria for free, it's not in West !!!

EDITED , sorry i don't think it's subtitles in English .

 

[esmith]

That title assumes it is possible to do all steps involved, including move back in with your parents (I have to move away from the state my parents are in if I want a decent job with double-digit hourly income; and many just can't move back in), and that giving up your car is an option (for me, it's not). If you are paying for housing, chances are not good that you'll actually be able to live on $500 a month, even where it's cheap. It has some interesting things (the cookie trick sounds cool), but it won't get you living on $500 a month.

If he's alright with that. But if he can't maintain that lifestyle, $500 a month isn't gonna cut it.

The question was "can you live on $500 a month". Nowhere did it ask if you could live that way for the rest of your life. However, there are those that do, they are called the "Train Hoppers"
https://wandrlymagazine.com/article/trainhoppers/

 

[Shadow Wolf]

The question was "can you live on $500 a month". Nowhere did it ask if you could live that way for the rest of your life. However, there are those that do, they are called the "Train Hoppers"
https://wandrlymagazine.com/article/trainhoppers/

The article specifically states that if you follow it's guidelines (which will not be possible for all), your cost of living will go down to "around $500 a month." This is a cheap place to live and $500 a month in most cases won't even cover rent.

 

[Godobeyer]

The wheat, milk, oil, sugar does not actually cost less than it is worth. The government collects taxes from you and uses it to pay the difference. That makes no sense and is far less efficient than free market.

not all Algerians pay taxes , so it's not obligation .

it's just about $100 per year it's not big deal .

Goverment support the essential food, free hosipital, free eduction (from primary to university) by oil and gaz money . the taxes is not enough .

Oil companies also pay taxes here, just not as much. The rest is distributed to shareholders of the company (people like you and me) and used to pay salaries, and expenses of running the company. A large share also goes into exploration and improved technology. Your state run oil company does not invest much if anything in research, they simply buy it from others or proceed on old technology which is decades old. When they "always find oil in the Sahara" it is with the help of technology developed by others, not themselves. They only are only looking in one small country. Independent energy companies are looking globally and investing in alternative energy research. How much has your state run company invested in research into other energy sources?

of course the foreign companies (Europeen top are France and Italy and Spain,China,USA,....) are partners in developping Algerian economy in many projects .

I don't know how much my state invested in research of energy , but i am guess by millions of dollars .

there are research for Shale gas , there was protesting against use it , because it's polution the air and land .

 

[Shad]

Good video document

so credit cards are made debt for people in West !!!!

Education in university in Algeria for free, it's not in West !!!

EDITED , sorry i don't think it's subtitles in English .

It's free in Germany for university and far superior to any education Algeria has to offer. Algeria's education system is below the international average. I would rather pay for an education than have a sub-standard free education. Also many nation provide grants and non-repayable loans to students. Also the education is only free up to 16 years old in Algeria, which is paid for by taxes. All Western nations do the same there is no difference at all. However the quality of education speaks for itself in comparison. Canada is in the top 10 when Algeria is not even in the top 40.

That video is crap made by a moron. Credit cards let people buy items when they do not have the funds at the current time. However most competent people pay their bills on time thus have no interest. I pay my bills on time. I have zero debt from credit cards at this time. I own my home, I have no mortgage. I only have student loans but I paid off a large chunk outside of the repay period thus 0% interest. Once the repay period starts I can reduce the interest of 5% by making large payments rather than a series of smaller ones. I can cut say an interest of 5% over 9 years on a 25000 loan, over 7000 in interest, to just over 1000 in total by making a large payment per month. So I only pay 1000ish for a 25000 loan, get an education thus a job which pays above min wages. Credit is one of the reasons the West has higher standards of living then Africa and the Middle East. Also the video is sampling bias since it targets other morons that can not manage their money. Credit companies get rich due to morons not paying their bills or living within their means. They make little money from people that know how to manage their money.

 

[Godobeyer]

It's free in Germany for university and far superior to any education Algeria has to offer. Algeria's education system is below the international average. I would rather pay for an education than have a sub-standard free education. Also many nation provide grants and non-repayable loans to students. Also the education is only free up to 16 years old in Algeria, which is paid for by taxes. All Western nations do the same there is no difference at all. However the quality of education speaks for itself in comparison. Canada is in the top 10 when Algeria is not even in the top 40.

That video is crap made by a moron. Credit cards let people buy items when they do not have the funds at the current time. However most competent people pay their bills on time thus have no interest. I pay my bills on time. I have zero debt from credit cards at this time. I own my home, I have no mortgage. I only have student loans but I paid off a large chunk outside of the repay period thus 0% interest. Once the repay period starts I can reduce the interest of 5% by making large payments rather than a series of smaller ones. I can cut say an interest of 5% over 9 years on a 25000 loan, over 7000 in interest, to just over 1000 in total by making a large payment per month. So I only pay 1000ish for a 25000 loan, get an education thus a job which pays above min wages. Credit is one of the reasons the West has higher standards of living then Africa and the Middle East. Also the video is sampling bias since it targets other morons that can not manage their money. Credit companies get rich due to morons not paying their bills or living within their means. They make little money from people that know how to manage their money.

that's you opinion .

the video shows how Westerns and also Obama talking about them-self how they suffered by debt and taxes

so calling view of some Western crap about , is not fair .

i am not talking about eduction level in science
indeed Algerian is not in top level and most of country too , because science and technologiy in West is monopolist .

So i am talking about how Algeria goverment as not rich country offered education for free in university , but USA or UK and many Europeen countries by money .


btw , this site said education in Germany in universities is by money .
maybe it's not goverment universities ?

http://www.topuniversities.com/student-info/student-finance/how-much-does-it-cost-study-germany

 

[MARCELLO]

Are you telling me to live without Gucci? Find a sharp knife,and strap it to me,it would have felf better

 

[Flankerl]

btw , this site said education in Germany in universities is by money .
maybe it's not goverment universities ?

http://www.topuniversities.com/student-info/student-finance/how-much-does-it-cost-study-germany

Do you even read what you post?

"Last year saw the last of Germany’s 16 states abolish tuition fees for undergraduate students at all public German universities. This means that now, both domestic and international undergraduate students at public universities in Germany are able to study in Germany for free, with just a small fee to cover administration and other costs per semester."

 

[Shad]

that's you opinion .

the video shows how Westerns and also Obama talking about them-self how they suffered by debt and taxes

Yet Obama is debt free and rose to the highest government office in the land. He would of never gotten close without those loans. Thus credit used correctly enabled him to reach a goal outside his social and economic standing.

so calling view of some Western crap about , is not fair .

As I said the video only applies for those that can not manage their money in the first place. For those that can credit allows one to climb the economic and social ladder in a society.

i am not talking about eduction level in science
indeed Algerian is not in top level and most of country too , because science and technologiy in West is monopolist .

I was talking in general, from public to university levels.

So i am talking about how Algeria goverment as not rich country offered education for free in university , but USA or UK and many Europeen countries by money .

You ignore the fact about economics in which costs are relative to the nation. Germany is not tossing around free money but considered it an investment. If it provides free university education it later on benefits from the higher tax bracket graduates can fall under.


btw , this site said education in Germany in universities is by money .
maybe it's not goverment universities ?

http://www.topuniversities.com/student-info/student-finance/how-much-does-it-cost-study-germany[/QUOTE]

Read the link before you post it (props to Flankerl)

 

[Akivah]

Hi all

I just want to know if 500 dollars enough to live for month in different country by different currency costs (by convert it to your currency)

{snip}

can you live normal by 500 dollars in month ?

Hi Godobeyer

There are several issues to consider:
1) What standard of living do you live at? For example, is one's home just for shelter or does it have amenities? Does it include land?
2) Are you living on your own or do you have a family and kids?
3) Is living defined as being rural or in a city? City living tends to be more expensive. Better neighborhoods and views are more expensive.

The US standard is different from most places in the world. Try watching "House hunter" TV shows for comparison. American homes tend to be larger than those in other countries.

In my state, $500 wouldn't be enough to even cover the monthly rent for a home. You'd only be able to afford to rent a room. On the other hand, a salary of $6,000 per year ($500/month) is unheard of (and illegal). Nobody pays that little. Minimum wage in my state is $16,744 ($8.05/hr).

 

[Akivah]

for my opinion the taxes in USA take too much money from people .

Yeah, many people in America say that. But Europeans, with their cradle-to-grave government coverage pay far more.

by just taxes $9075 for YEAR (958492 Dinnars) you can live in Algeria very comfortable life . i mean you can eat;drink,wear clothes whatever you want, include Internet and electricity and home gaz , car gaz and mobile 24/24 free calls !!!.

The median salary in Florida of $41,820 (2014) also allows a comfortable life. You can eat, drink, dress, internet and utilities as one wants.

I don't approve of governments providing amenities free to their citizens. It renders the amenity valueless and promotes a sense of entitlement. Governments should not be in business of providing everyone the same standard of living.

 

[Godobeyer]

Do you even read what you post?

"Last year saw the last of Germany’s 16 states abolish tuition fees for undergraduate students at all public German universities. This means that now, both domestic and international undergraduate students at public universities in Germany are able to study in Germany for free, with just a small fee to cover administration and other costs per semester."

but i think it's not totaly free , in Master or may Doctor degree they should pay .
and privet universities too .

i get mislead by costs that article and people talking about in that link .

 

[Godobeyer]

Yeah, many people in America say that. But Europeans, with their cradle-to-grave government coverage pay far more.

so why Shad
called the video talking about debt in USA is crap !!!

this video :

The median salary in Florida of $41,820 (2014) also allows a comfortable life. You can eat, drink, dress, internet and utilities as one wants.

do you mean in one month or year ?

I don't approve of governments providing amenities free to their citizens. It renders the amenity valueless and promotes a sense of entitlement. Governments should not be in business of providing everyone the same standard of living.

If most of USA citizens are upset from taxes , why you disagree that govement help them in life , for exemple Hospitale/University are free ?

 

[Mindmaster]

$500 in silicon valley gets doesn't get you much...

It's all relative. The next question is the medium income of the local region to make it all balance out.

Depends on where you are. I've seen places you can rent just outside of the main areas (like Fremont) that are $600ish. They weren't in bad neighborhoods... etc... Cali is weird in that there are ridiculously expensive places right next to the hipster specials.

 

[suncowiam]

Depends on where you are. I've seen places you can rent just outside of the main areas (like Fremont) that are $600ish. They weren't in bad neighborhoods... etc... Cali is weird in that there are ridiculously expensive places right next to the hipster specials.

$600 a month?! That seems crazy low. What do you get at that price?

Rent around where I live is like $2000 to $3000. You get around 1000 - 2000 sq ft in that range.