AN EXAMPLE OF LIVING IN AUSTRALIA AND THE COSTS HOW MUCH IT COSTS TO LIVE IN AUSTRALIA 13-12-2020

 To get a decent house to start a life and have a family you will need $500,000 dollars in Australia.

To have a sizeable backyard,... a two car garage,... a modern kitchen,... three bedrooms,... maybe air con as well because Australia is hot as hell and can be very cold. etc etc.

Say you somehow save up $50,000... dollars for a deposit which is incredible in itself. 

You know have a $450,000 loan to pay off the half a million dollar house. 

Quickly plugging some sums on the Commonwealth Bank (one of the biggest banks in all of Australia) loan calculator as seen on this site 

https://www.commbank.com.au/digital/home-buying/calculator/home-loan-repayments?ei=tools_repayments

Heres the funny part... The loan claims to be a 3 per cent loan... 

When I type 3.13 per cent of a sum of $450,000 AUD and it comes up with $14085

How is that $14085 somehow becomes $243,923?

I'm not rocket scientist but I am pretty sure 3.13 per 
cent of $450,000 is $14085.??????????????????

IGNORING THAT because I don't work at a bank.

The fortnightly repayments come to $891.

Let's say with your mediocre job you take home $1300
a fortnight (after tax) And your partner takes $1000 after
tax. You make a average between you of 2300 a fortnight
(Which sounds like ALOT)

BUT

Then theres
Electricity $41 dollars fortnite assuming (500 quarter bill)
Water $25 fortnite assuming (300 quarterly bill)
Rates $300 a year?????? 10 A FORTNITE
Internet 35 a fortnite / 70 a month
Rego for your car (possibly two vehicles). 500 a year? or MORE 20 A FORTNITE
Insurance for your car (possibly two vehicles). 500 to 1500 a year? 20 A FORTNITE
MAINTENCE OF CAR $1500 A YEAR (WEAR AND TEAR AND SERVICES) 57 A FORTNITE
Food... 300 a fortnite
Phone / mobile phone bills. for me only $10 a month amaysim 5 DOLLARS A FORTNITE
Pet food and care (if you have pets). $100 a month / 50 a fortnite

(double or triple depending on the amount of pets you have)
Toll roads. $20 a week ? 40 a fortnite ? 
Life insurance? 40 a fortnight?? 
HEALTH INSURANCE 40 A FORTNITE
Funeral / Death insurance? 20 a fortnite ??
Home and contents insurance? 40 a fortnite ??
Foxtel? Netflix? Stan? etc 20 a fortnite ?? 
School fees? if kids (uniforms / excursions etc). $30 a fortnite ??
Private school fees? if the kids go to a private. $100 a fortnite ??


FORTNIGHTLY BILLS

 ADD TOGETHER ALL OF THE BELOW
+ 41 ELECTRIC 

+ 25 WATER 

+ 10 RATES 

+ 35 INTERNET 

+ 20 REGO
+ 20 CAR INSURANCE
+ 57 VEHICLE WEAR N TEAR
+ 300 FOOD
+ 5 AMAYSIM PHONE DEAL FORTNITE 

+ 50 PETS 

+ 40 TOLL ROAD USAGE

+ 40 LIFE INSURANCE
+ 40 HEALTH INSURANCE
+ 20 FUNERAL INSURANCE
+ 40 HOME AND CONTENTS INSURANCE
+ 20 FOXTEL ETC

+ 30 PUBLIC SCHOOL FEES

+ 100 PRIVATE SCHOOL FEES

EQUALS ... CORRECT ME IF I AM WRONG OR MISSED BILL LOL !!!!

$863 DOLLARS.
EIGHT HUNDRED AND SIXTY THREE DOLLARS IN BILLS !!! FOR A PRIVATE SCHOOL
GOING  SON OR DAUGHTER....
PLUS THE 891 A FORTNITE TO LIVE IN A HOUSE
EQUALS 

1754....... SEVENTEEN HUNDRED AND FIFTY FOUR DOLLARS... 

JUST TO LIVE AND GET BY... IF YOU HAVE ALL OF THE ABOVE.......

2300 DOLLARS EARNT MINUS 1754... 

YOU HAVE FIVE HUNDRED AND FORTY SIX... 546... TO PLAY WITH A FORTNITE.
WHICH SOON GOES............................

$546 DOLLARS LEFT ... 

spend it wisely...

Let's not mention..... going out... cinemas..... the zoo... birthdays..... speeding fines.....
unexpected events.... acts of god..... hospital fees ??? medical fees??? 
Vices ??? Smoking ... gambling.... drinking??? drugs????
Hobbies????
etc etc etc etc 

WELCOME TO LIFE IN AUSTRALIA.

Here is a picture of a Koala to cheer you up.