Those of you who live on 40k a month

[BritManToo]

7 minutes ago, GanDoonToonPet said:

Currently £230.25 per week = £997 a month

When I retire in 2041 projected to be £2284 a month or over 100 000 THB at current rates

My psychic powers predict in 2041 they won't be paying a state pension to citizens living overseas.

[KannikaP]

36 minutes ago, BritManToo said:

Ask me after I've had the new payment!

Every 4 weeks happens randomly, not on the 1st.

The first complete new payment will be in the middle of May.

For some reason I get mine every Monday. Just gone up 6 quid a week = 312 quid for the year.

[bkk6060]

15 minutes ago, GanDoonToonPet said:

 

Currently £230.25 per week = £997 a month

 

When I retire in 2041 projected to be £2284 a month or over 100 000 THB at current rates

So you think that is some great increase for 15 years?

With inflation it is probably lower then 997.

Unfortunately,  a poverty joke of a shameful  pension.

[Upnotover]

13 minutes ago, KannikaP said:

For some reason I get mine every Monday. Just gone up 6 quid a week = 312 quid for the year.

Payment day is based on the last 2 digits of your NI number.  Monday is 00-19.

[redwood1]

30 minutes ago, GanDoonToonPet said:

 

Currently £230.25 per week = £997 a month

 

When I retire in 2041 projected to be £2284 a month or over 100 000 THB at current rates

 

Well if you hold off retirement till 2061 or 2071 or 2081 you might get double or 200.000 TBH at current rates...

[roo860]

33 minutes ago, GanDoonToonPet said:

 

Currently £230.25 per week = £997 a month

 

When I retire in 2041 projected to be £2284 a month or over 100 000 THB at current rates

£230.25 per week = £921 a month?

[GanDoonToonPet]

2 minutes ago, roo860 said:

£230.25 per week = £921 a month?

 

£230.25 per week = £921 every 4 weeks with 13 four-weekly payments

[GanDoonToonPet]

24 minutes ago, bkk6060 said:

So you think that is some great increase for 15 years?

With inflation it is probably lower then 997.

Unfortunately,  a poverty joke of a shameful  pension.

 

Hard to predict inflation but Thai food / drinks, cost of labour etc not likely to increase in proportion to the UK pension.

 

If you own your own home, minimal increase in costs.

 

Hopefully the 800k threshold for retirement visa will still be in place, giving a comfortable cushion.

[roo860]

1 hour ago, GanDoonToonPet said:

 

£230.25 per week = £921 every 4 weeks with 13 four-weekly payments

Cheers!!!!!

[baansgr]

Can be done on less...but of course all you poor people that like to act the big buwana won't..I eat steak, salmon but always cook at home. I get the burger king 29baht special offer every month and occasionally go to BKK for 35 baht on the train...really life is wonderful...and my 600 baht Thai pension comes in very handy 

[NorthernRyland]

5 hours ago, Sir Dude said:

 

4. Do you like traveling around the country exploring and staying in hotels? Yes, can be done on budget, but again it's a logistical choice on your behalf.

 

 

Traveling would be really hard on 40k/month. Doable but certain areas will be off limits. For example I usually live on about 30-40k depending on the month and went to Krabi for 4 nights with my wife last week. Ended up costing a little over 30k including flight from Chiang Mai. Krabi kind of sucked also, total tourist trap and overpriced so I wouldn't go back.

 

On a strict budget I would go to other places I could drive too and are more local. No reason to go into the belly of the beast if you don't have to.

 

 

[BritManToo]

Just now, NorthernRyland said:

 

Traveling would be really hard on 40k/month. Doable but certain areas will be off limits. For example I usually live on about 30-40k depending on the month and went to Krabi for 4 nights with my wife last week. Ended up costing a little over 30k including flight from Chiang Mai. Krabi kind of sucked also, total tourist trap and overpriced so I wouldn't go back.

 

On a strict budget I would go to other places I could drive too and are more local. No reason to go into the belly of the beast if you don't have to.

 

 

As a pensioner, I'm past travelling.

Happy to stay at home.

[Harrisfan]

1 minute ago, NorthernRyland said:

 

Traveling would be really hard on 40k/month. Doable but certain areas will be off limits. For example I usually live on about 30-40k depending on the month and went to Krabi for 4 nights with my wife last week. Ended up costing a little over 30k including flight from Chiang Mai. Krabi kind of sucked also, total tourist trap and overpriced so I wouldn't go back.

 

On a strict budget I would go to other places I could drive too and are more local. No reason to go into the belly of the beast if you don't have to.

 

 

Travel is easy on 40,000 a month if single and dont drink much. 

[nauseus]

1 hour ago, roo860 said:

£230.25 per week = £921 a month?

 

or X 52 then /12  = 997 av per 12 calendar months 

[NorthernRyland]

2 minutes ago, BritManToo said:

As a pensioner, I'm past travelling.

Happy to stay at home.

 

You can still get out and see your local area. Drive out to another town nearby and rent a 1000/night room which always good enough for me. Helps to break up a routine even if a couple times a year. 

[Sir Dude]

6 minutes ago, NorthernRyland said:

 

Traveling would be really hard on 40k/month. Doable but certain areas will be off limits. For example I usually live on about 30-40k depending on the month and went to Krabi for 4 nights with my wife last week. Ended up costing a little over 30k including flight from Chiang Mai. Krabi kind of sucked also, total tourist trap and overpriced so I wouldn't go back.

 

On a strict budget I would go to other places I could drive too and are more local. No reason to go into the belly of the beast if you don't have to.

 

 

 

The word "flight" is just wrong on a budget of what we are talking about... in the context of this thread, we should be saying bus or train.

[save the frogs]

11 hours ago, Sir Dude said:

 

The word "flight" is just wrong on a budget of what we are talking about... in the context of this thread, we should be saying bus or train.

AirAsia has a lot of cheap flights ...  spend less on other things to save for ocasiional travel, unless you really dont want to travel

[Sir Dude]

Just now, save the frogs said:

AirAsia has a lot of cheap flights ...  spend less on other things to save for ocasiional travel, unless you really dont want to travel

 

Guess that's a personal choice... as highlighted by my comment regarding logistics. Yes, there are deals to be had, but no blanket rules of all things. Also, I'm not a big fan of the domestic "Dan Dare airlines" in many places... would rather drive, just personally don't like flying.

[Middle Aged Grouch]

If you own property and are not able to do the regular maintenance, paint, cement or plumbing jobs now and then forget the 40k a month. Places like Hua Hin will explode one's budget with all the overcharging from house contractors here.

[still kicking]

6 hours ago, Ralf001 said:

The old age pensioner living in Aus on that amount... the own the roof over their head... or rent ?

 

Living in Pattaya. easy on 42k a month... I rarely spend that.

I live in OZ, I pay rent  and live on about 50000 I could live in LOS easily since I don't pay rent (well, not in Pattaya, I guess)

[EVENKEEL]

4 hours ago, Packer said:

 

I meant for normal people, not socially inept freaks. 🙂 

Going to a nicely equipped gym with AC, lovely ladies all around, with steam room and sauna, a big pool with lounge chairs can't compete with your idea of adequate.

[atpeace]

6 hours ago, Jingthing said:

Without going into detail I live similarly to how I would if I was retired in a place like Ames, Iowa that lacks very much that I actually would be tempted to spend a lot on (such as Broadway shows, etc.).

But here --

No need for a car or bike

No need for long pants or even socks and regular shoes

Delivery of everything a bargain rather than a rip off

No snow

Really enjoy your non-political posts 🙂

[still kicking]

3 minutes ago, EVENKEEL said:

Going to a nicely equipped gym with AC, lovely ladies all around, with steam room and sauna, a big pool with lounge chairs can't compete with your idea of adequate.

I don't need all that I am old and slightly disabled 

[NorthernRyland]

1 hour ago, Sir Dude said:

The word "flight" is just wrong on a budget of what we are talking about... in the context of this thread, we should be saying bus or train.

this is probably right unless you saved by living under your budget for some months. Hopefully you have some savings too which you can use for an annual trip  and flights. If you have no savings at all you're in trouble for a number of other reasons too.

[atpeace]

5 hours ago, John Drake said:

I rarely spend as much s 40,000 each month. Don't need to. 

Health insurance? I would think that would be expensive at your age.

[still kicking]

1 minute ago, atpeace said:

Health insurance? I would think that would be expensive at your age.

That is the reason I went back to OZ. My health insurance is free for me. I am turning 78. Go for a health check every 3 months went to the hospital twice but never paid a cent. 

[newnative]

36 minutes ago, georgegeorgia said:

Well millions are living on this in Australia right 

So please give me the Academic reason why it can't be done in Pattaya?

Yet many say it can't be fine ,then please tell me how the aged pensioners live on that amount in Australia 

Ok granted and thankyou ,many own their own homes but still live on the $2200 a month 42ooo baht give or take so please don't say its not being done in Pattaya 

 

      There have been numerous threads on this--likely some by you.  Can you live on ________  amount in Thailand?   Fill in various amounts, including the latest, yours, of 40k.  If you have read any of those numerous past threads, you'll recall a lot of different answers.  But, basically, it pretty much boils down to two.   You have the posters who say, no way could they live on _______ amount.   And, you have the posters who say they could easily live on _________ amount, with some posting that they could live on even less.

      A responsible person will make whatever amount they are working with meet their needs.  And, especially if that amount is small, they will do that by adjusting their needs according to the amount they have.   When my spouse and I first moved to Thailand in 2010, our income dropped quite a bit and we were living on just a pension of around 65,000 baht a month, about what Immigration requires.  I would turn 59 that year and Social Security would not kick in until I turned 62.  

    65,000 baht is not a lot, especially for two, but it's more than some receive and we made it work by making adjustments.  That meant buying a small condo to save on rent.   That meant buying a small condo we could afford and not a large house we couldn't afford--living within our means--which many have never learned to do.   Could we live in a small, one-room studio with only one bathroom and not kill each other?  Yes, we could--and we did.  A studio was all that was within our means at that time, so we made it work.   

    That's really all there is to it, whatever your income--living within your means.  Being realistic and making it work.  There used to be a popular expression, years ago when I was growing up, "Keeping up with the Joneses".   If you're not a Jones, don't try to keep up with them.  Keep up with yourself, instead.  

     Just as an aside, by buying, not renting, we put to work for us the largest chunk of money we had each month to do anything with to better ourselves--our housing money to keep a roof over our heads.  Instead of paying a landlord rent, we paid ourselves.  We used what we would have spent on rent to fix up the condo we bought and then we sold it--at a profit.   Then, rinsed and repeated.  

 

      

[Ralf001]

7 hours ago, still kicking said:

I live in OZ, I pay rent  and live on about 50000 I could live in LOS easily since I don't pay rent (well, not in Pattaya, I guess)

 

Yeah, are you the one that keeps spouting how little your rent is in Aus ?

 

[jacko45k]

15 hours ago, georgegeorgia said:

See many of you are forgetting the "core " of the subject 

If an Australian old age pensioner can live in 42,000 baht in Australia 

Tell me why he can't in Pattaya???

And indeed the UK old age pension,how much is that currently?

 £230.25 a week, 10,000 baht. But it is frozen at what it was when you first claimed it, ie you do not receive the cost of living increases. Bit of a killer that. 

[baansgr]

8 hours ago, newnative said:

      There have been numerous threads on this--likely some by you.  Can you live on ________  amount in Thailand?   Fill in various amounts, including the latest, yours, of 40k.  If you have read any of those numerous past threads, you'll recall a lot of different answers.  But, basically, it pretty much boils down to two.   You have the posters who say, no way could they live on _______ amount.   And, you have the posters who say they could easily live on _________ amount, with some posting that they could live on even less.

      A responsible person will make whatever amount they are working with meet their needs.  And, especially if that amount is small, they will do that by adjusting their needs according to the amount they have.   When my spouse and I first moved to Thailand in 2010, our income dropped quite a bit and we were living on just a pension of around 65,000 baht a month, about what Immigration requires.  I would turn 59 that year and Social Security would not kick in until I turned 62.  

    65,000 baht is not a lot, especially for two, but it's more than some receive and we made it work by making adjustments.  That meant buying a small condo to save on rent.   That meant buying a small condo we could afford and not a large house we couldn't afford--living within our means--which many have never learned to do.   Could we live in a small, one-room studio with only one bathroom and not kill each other?  Yes, we could--and we did.  A studio was all that was within our means at that time, so we made it work.   

    That's really all there is to it, whatever your income--living within your means.  Being realistic and making it work.  There used to be a popular expression, years ago when I was growing up, "Keeping up with the Joneses".   If you're not a Jones, don't try to keep up with them.  Keep up with yourself, instead.  

     Just as an aside, by buying, not renting, we put to work for us the largest chunk of money we had each month to do anything with to better ourselves--our housing money to keep a roof over our heads.  Instead of paying a landlord rent, we paid ourselves.  We used what we would have spent on rent to fix up the condo we bought and then we sold it--at a profit.   Then, rinsed and repeated.  

 

      

Best quote, some can learn from this 👍