Dont have kids
We spend say
$100 duriong the week for groceries during the week
We dont cook on the weekends and some times during the week
So that's like $50 a pop when we go out
We normally eat out Friday night, Sat & Sun lunch & dinner
Yeah so say per annum
Electricity $1,200
Water $1,000
Gas $400
Council rates $1,000
House Insurance $1,000
Car Insurance $1,000
Food & groceries - ??
Social Life - ??
Fuel/Public Transport - ??
Other - ?
$41,703 after tax
So $802 per week
So $1,604 per week per couple.
So say $6,400 per month
What are mortgage repayments on principal and interest on $500k? Would be close to $3k
Yeah so technically you are still paying for it. So yeah keep a close on le FBT
Yeah if your using it 100% private then you'll get shafted
But that is the general gist of things, not bad for an engineer
FYI 20% is just part of a formula calculation on not what the % tax paid is
Bit of press on the FBT changes
Im curious as to know your understanding and explanation on how and why this effects you?
Just trying to gauge the understanding of the changes from the public's point of view
All you need is a cams approved helmet, fire extinguisher and some stickers and off away you go!
As for tracks, IMO Winton is easier for the beginner but Sandown is convenient because its so close