Additionally, he notes that Thoreau followed Socrates in seeing how many things he could live without so that he would not become a slave to working in order to purchase things which were really luxuries and comforts that had become to be seen as necessities.
So the point of all this - it’s related to a degree to my planned retirement. I’ve been working on paring my life down to what I see as essentials for me. The idea is to spend time with my family, friends, and myself to rediscover who I am and be available for my children before they are grown and gone.
The issue of what someone needs to retire on and how much that might cost is always a topic of discussion on expat forums. So what is my ideal of the essentials?
Books (this is about one book per month) 180,000
Internet ( I’m estimating this, I hope it’s less) 300,000
Website Server 144,000
Indovision (satellite tv so I can watch baseball) 300,000
Tech Stuff (software, hardware, ink, etc.) 250,000
Car registration (due yearly, saved monthly) 120,000
Motorbike registration (same) 19,000
Motorbike 2 registration (same as car) 19,000
School fees (for the 4 kids) 400,000
Visa (my retirement visa) 500,000
Clothes (for the kids) 500,000
Phone (my phone that I use for the internet) 120,000
Medical (whole family) 900,000
Insurance (me) 1,000,000
All this totals to 4,932,000 per month. It’s not exactly living like a hermit, but it’s what I see as living a fairly conservative lifestyle. My 7th/8th grade Social Studies class are just finishing a unit about economics and creating a budget was one of their assignments. They found my budget fairly barebones. More on budgeting for expats later.
2 comments:
Books - 180rb. This is definitely a modest amount (I have a horrible book habit), but yet there are many decent used bookstores that would surely cut this number down (or increase the number of books / months). I'm sure you know this already, but you could also sell them back or generally even trade them in for another.
Is food falling under a different category? I find that to be quite expensive unless you're doing the nasi/tahu thing.
Does travel also belong to a different budget? Just wondering, as someday I'll be doing the same budgeting. (wouldn't hurt to start planning now!)
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