Is 50000HKD per month salary sufficient?

Expert Info

Posted by

on 30 Apr 2015

I have a 12 year old son who is in 6th grade, a wife (hose maker). I have got a 50000HKD per month job offer in Hong Kong? How much would be expenditure and how much I would be able to save? Since I am from India so I have to seek admission in an international school for my son. I am guessing below MONTHLY expenses House Rent = HKD 15000.00 Food = 10000.00 (family of 3, vegetarian) Child Education = 12000.00 Travel, Internet, Electricity and misc = 5000.00 Tax on salary= 1000.00 Total Expenses =43000.00 Total Earning=50000.00 Saving=7000.00 Please let me know if anyone has a better idea of expenses and saving. I will really appreciate your help Thanks Vinod

Anonymous (not verified) on 9 Jun 2015 - 04:10

Hello Vinod, I got a 10,000 USD offer. I wonder I should take the offer? I have two sons and my wife, so kids education and others.. Mahi

Anonymous (not verified) on 9 Jun 2015 - 11:19

Hi Mahi If I read correctly you got a HKD ten thousand job in hong kong. With a family having two sons would be very difficult to survive. It is very less unless you have any other source of earning in hongkong. If you are okay for local Chinese schools for your children education then also difficult because six thousand HKD is minimum rent here. I would advise you to reconsider your options again. Regards Vinod

Anonymous (not verified) on 9 Jun 2015 - 11:22

Sorry Mahi, I did not read the currency. If it is USD ten thousand you are in much better position. Go for it Vinod

Anonymous (not verified) on 14 Apr 2016 - 18:12

Hai Vinod & Mahi, Hope you both settled at Hongkong and experienced the expat issues. can I ask you both some advise please? is it possible to get your email Ids please? thanks, Karan

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