Altis84 obviously talking about car expenses la, not take hm
salary... -_-... juz tat topic subject asking abt take hm
salary.
Assume :-
$60k car
Full loan for 7 yrs at 3% int =$1800/yr = $12600 interest (over
7 yrs)
Total = $72600
Not counting in the PARF benefits yet as you only get that back
when scrap, so $72600/7 = $10371/yr payable = $864/mth
(This is not calculating depreciation value of car but actual
expenditure u muz come out wif... )
Add in expenses :-
- Road tax ~ $100/mth (paid 6mthly or yearly)
- Insurance ~ $100-200/mth (paid yearly)
- Season parking $90
- Fuel $200-400 (depend on usage)
- Outside parking $50-100
- ERP $30-50
= $560 minmum extra oredi
$864 + $560 = $1400+ liao
This haven't include fines, maintenance (oil change, spark plug,
tyres etc...) which when counted as a monthly expenditure can add
another $50-100 on average.
tink take home $3k then is considered decently 'comfortable' if
u got no kids or family commitment.. half to car, half to
expediture (not much savings).
