Hello!
I am planning to move to Auckland for a working holiday, and I would like to get some feedback on my budget. Below is what I've sorted out so far, but since this will be my first time in NZ I am sure I am missing something. It would be most appreciated if you could please point out anything I've missed, any corrections you have to what I've written, or anything you can think of in general! Really this is just a starting point for me, and I'd like to make sure I'm on the right course.
This is a basic monthly budget. It is just for me living in a room in a shared house, and only concerns the basics, so luxuries like alcohol/drugs, concert tickets, scuba diving etc are not included. I plan to buy a motorcycle, so guzzoline and insurance are included. However, since I plan to sell it at the end of my working holiday, I have not included the purchase price. I also haven't included expenses related to traveling to NZ, applying for the visa, and other one-time preparation things; this budget only concerns expenses while living in Auckland.
.
My Basic Monthly Budget
Total Monthly Expenses: 1870
.
Questions / Uncertainties
As you can tell there are a few things I'm not so sure about. Brief google research has told me that motorcycle insurance should be around $1000/year for a bike worth $10,000. But I'm planning to buy a much cheaper bike. But I'm a foreigner with no NZ driving experience. As long as this is not a severe underestimation, I'll be happy; it's just a number to work with.
Health insurance is something else I'm not so sure about. 100/month would be the cost of travel insurance if I were to buy it back in my home country. But is there a way for working holidayers to register for normal NZ health insurance? If so, would that be better/cheaper?
I've had some luck searching on trademe for a motorcycle. But are there purchase costs that are not immediately visible? For example, this bike is listed at $4750. But if I were to buy it, would I also need to pay any sort of ownership transfer fees or taxes? I would arrange for a professional mechanic to do a full pre-purchase inspection; would $200 be a reasonable price to expect for that service? I know this is a bit more of a motorcycle than poverty finance question, but if anyone has some knowledge to share, it would be most appreciated!
Please let me know what you think, and thanks in advance!
P.S. I'm calling it guzzoline cuz I couldn't figure out if you say petrol or benzene or gasoline these days : )
I am planning to move to Auckland for a working holiday, and I would like to get some feedback on my budget. Below is what I've sorted out so far, but since this will be my first time in NZ I am sure I am missing something. It would be most appreciated if you could please point out anything I've missed, any corrections you have to what I've written, or anything you can think of in general! Really this is just a starting point for me, and I'd like to make sure I'm on the right course.
This is a basic monthly budget. It is just for me living in a room in a shared house, and only concerns the basics, so luxuries like alcohol/drugs, concert tickets, scuba diving etc are not included. I plan to buy a motorcycle, so guzzoline and insurance are included. However, since I plan to sell it at the end of my working holiday, I have not included the purchase price. I also haven't included expenses related to traveling to NZ, applying for the visa, and other one-time preparation things; this budget only concerns expenses while living in Auckland.
.
My Basic Monthly Budget
- Rent: 900 (200/week + utilities)
- Groceries: 500
- Phone: 50
- Guzzoline: 135 (1500km/mo, $3/L, 3L/100km )
- Motorcycle Insurance: 85 ($1000/year? not sure...)
- Health Insurance: 100 (travel insurance from home country)
- Health/Wellness: 100 (haircut, toothpaste, medicine etc...)
Total Monthly Expenses: 1870
.
Questions / Uncertainties
As you can tell there are a few things I'm not so sure about. Brief google research has told me that motorcycle insurance should be around $1000/year for a bike worth $10,000. But I'm planning to buy a much cheaper bike. But I'm a foreigner with no NZ driving experience. As long as this is not a severe underestimation, I'll be happy; it's just a number to work with.
Health insurance is something else I'm not so sure about. 100/month would be the cost of travel insurance if I were to buy it back in my home country. But is there a way for working holidayers to register for normal NZ health insurance? If so, would that be better/cheaper?
I've had some luck searching on trademe for a motorcycle. But are there purchase costs that are not immediately visible? For example, this bike is listed at $4750. But if I were to buy it, would I also need to pay any sort of ownership transfer fees or taxes? I would arrange for a professional mechanic to do a full pre-purchase inspection; would $200 be a reasonable price to expect for that service? I know this is a bit more of a motorcycle than poverty finance question, but if anyone has some knowledge to share, it would be most appreciated!
Please let me know what you think, and thanks in advance!
P.S. I'm calling it guzzoline cuz I couldn't figure out if you say petrol or benzene or gasoline these days : )