Hi guys, i know there are probably 1000s of threads on the same topic but i can't find an up to date one that suits my situation. So basically i am 20 years old, recently got the opportunity to move to Perth (Welshpool) area with my trade as a transport refrigeration engineer. The company i would be working with have given me a minimum starting wage of $32 an hour which should go up within the first year, but what i am wondering is what sort of life style could i live off $32 an hour, minimum week of 40 hours plus as much overtime as i want so will proabably average 50 hour weeks.
The way i have worked it out is Rent would be 350 PW for a 2 bed house with parking (just from looking at renting websites)
Electric bills/Heating/aircon would should come in around $250 a month,
Internet $70 a month
Gym membership $80 a month
Phone contract $80 a month??? (i've pretty much guessed that)
Food $400 a month
Total average of $2300
if i was to just do 40 hours a week i should be taking home about $4200 a month after tax and medicare
Which would give me a average of $1800 a month to play with after all my main bills are paid.
Firstly is there anything on that list that i have seriously under of over budgeted for or are the prices about right?
Is there anything major average bill that i am forgetting?
And if all my calculations are right, is $1800 enough to live off per month for 1 person, not looking for a crazy rich life, beach, BBQ and beers suits me just fine. Of course like i said the pay should go up quite quickly and there is a big opportunity for over time in my line of work but i have done this as a worst case scenario.
Would be bringing over a rough $18,000 for the initial start up-rent deposit, buying and insuring a car.
Any tips/advice would be seriously appreciated as its such a big move and at the minute i feel like i am going in blind. Thanks