How low can you go, monthly budget cost

[rott]

Jason it is now pushing eighteen months since you opened the thread, when would your ETA be and have you delayed it due to possibly rethinking your budget?

[JASON THAI]

Jason it is now pushing eighteen months since you opened the thread, when would your ETA be and have you delayed it due to possibly rethinking your budget?

Hi Rott, I have not delayed, when I started the topic I want to see some what answers I would get and if needed to redo my budget, now fast forward 18 months, I have 1 internet business setup with a profit of around 60k (Baht) a month, but I will need to pay for people to look after this in the UK when I am in Thailand so hopefully looking at a steady 30K per month coming in so only need about 10k per month from my savings to take me up to 40k per month which I think will be fine for all of us, as I now need to take less from my savings this will mean I will have around £30k backup fund for any problems and this amount will increase by £4k per year as now I will be using less from my savings to live on.

Just working on my second Internet business which hopefully will bring in enough per month for holidays & going out, so it's looking good, tickets booked to fly one way on November 4th, I will still be keeping a tight budget as I think it is important to set yourself a budget and live within your means otherwise you will end up with problems later on in life so it's best to keep an eye on what you are spending.

[rott]

Best of luck to you mate, there is much in what you say about sticking to a budget, but I think your original figure would have led to an uncomfortable lifestyle though I am sure there are others doing it on the same or less.

Speaking of which I have not seen an update from canary sun for a while, possibly still saving for the third class fare to Chang Mai.

[WhoWhenWhyWhat]

Jason it is now pushing eighteen months since you opened the thread, when would your ETA be and have you delayed it due to possibly rethinking your budget?

Hi Rott, I have not delayed, when I started the topic I want to see some what answers I would get and if needed to redo my budget, now fast forward 18 months, I have 1 internet business setup with a profit of around 60k (Baht) a month, but I will need to pay for people to look after this in the UK when I am in Thailand so hopefully looking at a steady 30K per month coming in so only need about 10k per month from my savings to take me up to 40k per month which I think will be fine for all of us, as I now need to take less from my savings this will mean I will have around £30k backup fund for any problems and this amount will increase by £4k per year as now I will be using less from my savings to live on.

Just working on my second Internet business which hopefully will bring in enough per month for holidays & going out, so it's looking good, tickets booked to fly one way on November 4th, I will still be keeping a tight budget as I think it is important to set yourself a budget and live within your means otherwise you will end up with problems later on in life so it's best to keep an eye on what you are spending.

I applaud you, Jason . A realistic, sound and thorough budgeting analysis.

You did mentioned somewhere of having some safety cash as back up, just in case. Medical emergencies depending on the gravity can be a bummer.

Thus I urged you to fattened up that piggy a wee bit more for contingencies.

Other than that, you and the family will be fine. Tight, but not choking

All the best!

Cheers

[Issangeorge]

Something you have to be aware of is exchange rates. In the last year as Canadian I have lost close to ฿15,000 a month, and as I did not have that much discretionary money to begin with it has made a difference. However I believe the baht is going to drop quite a bit in the next couple of years, but who knows, it could go the other way.