Melbourne is ranked as world's 67th most expensive city out of 227 cities in the most recent survey
now it is quite different for those people who have just arrived to Australia versus someone
who's been living in Australia for the last five years right so today in this video I'm going to
talk to you about my monthly expenses and I'm also going to share different ways and how you
can save up some money without any further Ado Let's Get Married the major experience anyone
could have is range so I live in the suburbs and uh I live in a three bedroom house and it cost me
about two thousand four hundred dollars a month so now because I love with three people each one
of us pay about 800 of rent monthly now if you ask me said Randy which is better you know should we
live in suburbs or should we live in the inner city of Melbourne that is Melbourne CBD I have
lived in Melbourne CBD for about four months I should say from January to April what I found is
during my tenure of living in the city I spent a lot I spent a lot on rent and uh I felt the amount
that I spent was not worth because uh the houses that you find in the city are not that spacious
and the kitchen especially because we Indians love our food and the kind of food that we make
um the kitchens are quite small and I just couldn't cook a lot of food and it was quite
uncomfortable for me another thing is because you're surrounded by a lot of shops and a lot
of stuff we tend to spend a lot during weekends so every weekend we would go out spend a lot of
money and then come back home so when I compare living in suburbs versus living in the city
um I would say living in suburbs would help you save a ton of money in and you would get a really
spacious house I would say I've also lived in a house where we have four bedrooms it was extremely
spacious but um it was just two thousand dollars a month because that's quite a way it takes about
40 minutes from that suburb to reach Flinders that's the city and for me currently it takes
about 25 minutes to reach to Flinders so we are we are we are living currently slightly closer to
the city which is again why the rents are slightly higher as well followed by the next expense that
we usually have is bills which means electricity water gas Wi-Fi these are the usual bills that
everyone should pay and that will cost you about 200 to 300 in total and then when you split it
up based on how many Apple people you live with that's how much it's going to cost now for me
it usually costs about 100 120 because we have less people in the house and um because we all
work from home um usually the electricity slightly goes up and again even in Winter sometimes because
you always have uh heaters running you might usually have an electricity hike as well now
let's talk about groceries and vegetables now initially initially in the initial years uh
we used to heavily rely on frozen food because that's what we would get back in Coals um alley
Woolworths and we used to not have much time not much money um and all of that so um now we prefer
buying fresh vegetables from market so we have a supermarket ride closed right next to my house
and we spend about 50 a week for three people on fresh vegetables um and it costs about 200 a month
um for three of us to get fresh vegetables and for groceries it costs again about 150 to 200 based on
what we purchased and if you ask me sereni where do where do you buy Grocery and we have an Indian
um store um that's close to my place as well it's it's one of the biggest stores and you usually get
a stuff for Less we also go and buy chips and you know some of the smaller uh grocery items
from Kohl's or hoodies so that costs about fifty dollars a month or 50 to 75 the next
major spend would go on transport and because I don't drive a car I usually use public transport
so whenever I go by public transport um I spend nine dollars a day so going and coming back I
spent nine dollars a day so previously because I used to work five days a week or sometimes
six days a week I would take a monthly pass which costed about 160 a month I believe
um but now because I work one to two days a week from the office and rest of the days
from home my transport costs have major cut down so now I recharge my my key about
um Thirty forty dollars a month and that should suffice my you know visits to the
office then I have about five hundred dollars of my monthly expenses such as for my phone
um phone bill and I do I do you know manage a couple of my clients so I use a bunch of
softwares for which I pay and for my social life as well so because most of the weekends we go out
we watch movies we have food um so for all of that I spend about 400 to 500 a month and I think that
is more than enough and I'm actually planning to cut that down four hundred five hundred dollars
uh 400 to 500 is slightly on the expensive side so I'm planning to make it to 250 to 300
um yeah now the rest of the money that I usually have would go into different kinds of savings and
I also have to pay my tax and uh there's a bunch of other expenses that I have so I make sure sure
I always have about 10 to 20 percent of the money that I earn in savings which is maybe
can be considered as emergency savings or let's say if I'm planning to go India I have a bunch
of money saved from before and all of that so I'm very planned in terms of my finances I don't do
much of shopping I do a major shopping maybe once every quarter which is three months and I don't
spend much on boxing day as well because I know uh that's old stock and I don't know for some reason
I don't like shopping on boxing days and stuff um I don't do clothing shopping and all of that
if there's something that's worth that I find I'll save up some money for it let's say if I have to
purchase a camera which is a mic or any of those gadgets and stuff yeah yeah then I spend um worth
on boxing day but otherwise I usually save a ton I also save some money for my travels let's say if
I would like to travel to Adelaide if I would like to travel to Sydney and all of that I usually save
money and I spend money on experiences rather than things um that's one of the things that I
found more worth so yeah I hope this video was quite helpful and if you like this video please
make sure you hit like comment and subscribe and please until my next week's video bye