It's that old cost of living chestnut once more. I know it's done to death, but it can be hard to translate others' experiences Into my own. My wife is keen to move but is worried about the finances. I feel we would be OK, but i was hoping some of you might be able to comment and offer some reassurance.
Based upon the assumption I will be renting, three of us (wife and 8 year-old son) and looking to live a comfortable lifestyle - holiday, cinema, meal out every couple of weeks, too many bottles of wine on a Friday, etc etc. Don't want to have to scrimp and scrape. I would be grateful if members would be good enough to comment on my following assumptions:
Rent - 700
Food - 600
Elec and water - 200
Gas - 30
Internet and cable - 50
Transport - 60
Mobile - 30
Not sure what insurance I'd need. Also not sure about school. I'd favour private and have factored in 250 per month.
We'd be living on income from rentals I have in the UK. This would leave me with about 2,700 per month net of UK taxes and expenses (tax is collected on UK rentals regardless of domicile). Not sure what I'd have to pay in addition vis a vis Maltese taxes.
In a nutshell, I think we'd be fine. Total expenses are circa 1900 (Inc school fees), which leaves us around 800 discretionary spending. We have savings to fall back on. Figures are in Euro.