The original context of the post was like a "small apartment"... You could easily get a small studio for that. 1000+ sqft = a small house.
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can you live by 500 dollars in month , in your country ?
- Thread starter Godobeyer
- Start date
The original context of the post was like a "small apartment"... You could easily get a small studio for that. 1000+ sqft = a small house.
Only if I didn't have a home.
Terrywoodenpic
Oldest Heretic
I could more , but rarely do spend more than £1000 a month, the rest I save.
However I own my own house, and have everything I need. so my outgoings are minute, compared to people starting out.
In no way do I stint myself and I waste money on my hobbies and interests.
However I own my own house, and have everything I need. so my outgoings are minute, compared to people starting out.
In no way do I stint myself and I waste money on my hobbies and interests.
by £1000 you can do what ever you wish in month ? i mean eat what ever you want food,travel to other countries by plane , full gaz for 3 cars , free 24/24 mobile line , TV cable , Internet ?
Terrywoodenpic
Oldest Heretic
That is a very silly Idea. But I run a Toyota camry and have broad band internet, land line and pay as you go mobile.
I eat what I like.The rest of your list has no interest for me. But if I wanted to travel I could from my savings.
that's just was a curious question .
Akivah
Well-Known Member
Does your government provide all that for free to its citizens?
education (from primary to university) and treatment in hospitales are free .
and drugs may free depend the situation .
Water in home dailly is for free .
gaz and electricity cost $100 for 3 month .
Internet cost $15 for month
full for car cost $6-10 .
(i convert it , from Dinar to Dollar)
here the taxes for employer for month , is less than $4 per month so it's about 1,5% taken from monthly salary , for non-employer whom want the retirement about $100 per year as membership fee,
Terrywoodenpic
Oldest Heretic
And when the oil runs out ?
that's would be very serious economic problem , because our economy based on oil and gaz .
maybe we will back to camel and traditional tent period
Akivah
Well-Known Member
Given all those freebies, I can better understand how you get by, living like a king, on $500 a month.
Terrywoodenpic
Oldest Heretic
You describe a low wage high subsidy / benefit economy.
Every thing is being paid for as under any other economy.
however the rulers decide what is to be spent and on what.
The population at large live with controlled wages, with the cost of living artificially lowered.
Such a system mostly locks large parts of the population to their homelands, as the wages and benefits are out of proportion to most other places. Their lives are in the control of the leading families, who control this largesse.
Every thing is being paid for as under any other economy.
however the rulers decide what is to be spent and on what.
The population at large live with controlled wages, with the cost of living artificially lowered.
Such a system mostly locks large parts of the population to their homelands, as the wages and benefits are out of proportion to most other places. Their lives are in the control of the leading families, who control this largesse.
Yay! We came in at sixth!!!
Thing is, cost of living is not a useful measure unless it is combined with median income, and standard of living indexes.
So, yes, where I live is expensive. But my wage is higher also, and I have an excellent standard of living.
This means I get to complain about my morning coffee being slightly bitter, or even travel overseas and act like an arrogant arse.
(okay, so the bottom line was a joke, but the rest of this post is accurate)
From the same site you got the cost of living information is a handy (if subjective) sortable list;
http://www.movehub.com/city-rankings
This allows you to see relative purchasing power (comparison of wage to cost of living) as well as things like average income, crime stats, etc.
Consider...if I can survive on $500 a month, and the average wage is $500 per month, then I am in the same relative situation as someone surviving on $5000 with an average wage of $5000. (ie. parity)
You also mentioned about being able to live like a king. That's also relative. It's possible that some of the people posting here DO live like kings, in relative terms.
I've lived in a poor country, and could survive there with much less money than I need in Australia, for various reasons. My ability to earn income was actually very good, as I received tax breaks, and was paid in US dollars rather than the less stable local currency. But the quality of life was extremely low in relative terms.
Thing is, cost of living is not a useful measure unless it is combined with median income, and standard of living indexes.
So, yes, where I live is expensive. But my wage is higher also, and I have an excellent standard of living.
This means I get to complain about my morning coffee being slightly bitter, or even travel overseas and act like an arrogant arse.
(okay, so the bottom line was a joke, but the rest of this post is accurate)
From the same site you got the cost of living information is a handy (if subjective) sortable list;
http://www.movehub.com/city-rankings
This allows you to see relative purchasing power (comparison of wage to cost of living) as well as things like average income, crime stats, etc.
Consider...if I can survive on $500 a month, and the average wage is $500 per month, then I am in the same relative situation as someone surviving on $5000 with an average wage of $5000. (ie. parity)
You also mentioned about being able to live like a king. That's also relative. It's possible that some of the people posting here DO live like kings, in relative terms.
I've lived in a poor country, and could survive there with much less money than I need in Australia, for various reasons. My ability to earn income was actually very good, as I received tax breaks, and was paid in US dollars rather than the less stable local currency. But the quality of life was extremely low in relative terms.
It is possible to live in Brazil with just two thousand Reais a month (500 dollars). It won't be very confortable at all, but it can be done and it is, in fact, done by many, many people.
for one person ?
Here it's could be family to live with $500 for month , if they don't spend (wasting) it's could reach 2 month .
Hell no. $500 would be rent alone and that's if you're living in a very, very cheap place here, like a studio apartment or a slum in a bad area (like I'm living in). That's besides paying other bills, food and other necessities.