Tuesday, January 28, 2014

Kuwait - Expense and Lifestyle

KUWAIT - EXPENSE AND LIFESTYLE




So, consider a very basic non extravagant chart

Example - 1 month expense, for 2 persons - both earnings totaling to KD 1000 only:

Rent - KD 150 to KD 200
Cooperative / Bakala - KD 80
Outside food when you are tired and want to spoil yourself - KD 15
Mobile re-charge - KD 5 
Car Fuel KD 15 - KD 20
Personal care - KD 20
Personal buys - KD 20
Entertainment / Sports - KD 25
Home improvements - KD 20

Applicable Interval payments - 
  • car service - depends on kms, vehicle type and what need to be done
  • gas 0.250 - 0.750
  • telephone - KD 30
  • satellite - varies
  • internet - varies
  • Gifts - varies
  • Medical - varies
  • Travel - varies
So, 
200 + 80 + 15 + 5 + 20 + 20 + 20 + 25 + 20 = KD 405

Rest of the amount (say around KD 600) can be kept aside for those interval payments during the year (and savings, if any). So, a savings of KD 600 for the next 11 months seem pretty neat! 

Those with kids, I understand you need to add up real good; primarily for their education. I am not there as yet, please account and adjust that amount in here as well :)

So, ideally you spend KD 405 for 2 persons a month... for your rent, food, mobile, fuel, personal care and outfits, sports and home improvement needs. If you consider to convert monthly expense of personal care, buys, entertainment, home improvements to interval expense... you most definitely get to save a certain sum additionally :). 

Well, that's a little quality life with the basic necessities met and with a little saving :). The rest of it, I'd advise you to practice yoga :D

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