Re: Cost of Living
my estimate is based on these rough calculations. Except we have two cars and I have to drive a lot during work. So our petrol expenditures are more than normal. And we dont have to spend on schooling. So far our actual expenses are less than what you said but based on categories, I knew 150K is reasonable.
However, People live in much less. It depends on your means and luxuries etc. One MUST save whenever one can. It does not make you miser or spendthrift but more efficient.