Friday, July 26, 2013

Honestly, how much monthly salary is enough for a decent living in your country?

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Muhammad J


I am not asking a posh living and luxury car. But a decent salary enough for a family
of 4 of lower middle class. How much you think should be salary of your spouse if
he is the only bread winner?

Please quote your country ? People of South Asian countries are encouraged to
answer.



Answer
5000-7000 shekels...that is about 1550-2000 US dollars

Country: Palestine

How much does car insurance cost in a month?




Pavel_B


How much does car insurance cost for inexperienced driver? I'll be a newcomer in Winnipeg. I'd like to buy used car to drive to college. Can I buy a car and get a drivers license with a student visa?
Thank you.



Answer
Vehicles tend to be a very expensive luxury in Canada, something that if you can do without, you will save a lot of money.

First there is the cost of the car. Expect to pay at least $5000 for something that will work reliably in Canada's climate. Winnipeg is not a place you want to be with a car that decides it won't start on cold winter mornings or nights.

Next there is the gas. Manitoba gas prices are currently hovering around $1.22 per litre. That's actually lower than the Canadian average (I paid $1.41 this morning in Quebec) but still not something that a college student can really afford to pay unless they need the car to get to work as well as school.

Then there are the added costs of license and registration. Manitoba has an interesting scaled method of calculating what you pay. You start at zero (0) and for each year of safe driving, you get +1. For each year of bad driving you get -1. Your driving fees depend on what your current rating is. For example, no rating and no demerit points? You pay $65 for your license. Not sure how much vehicle registration and a license plate will cost you (looks like $100). And you have to get the vehicle inspected to make sure it is roadworthy and emissions are ok ($55 charge).

Finally, we get to insurance. Everyone is expected to get insurance, and basic coverage is given by AUTOPAC. But there is also optional coverage, so you can get more coverage or different coverage depending on your needs. Basic coverage looks like it is $500 per year.

So all this money going out to get you transportation. And we still have not looked at any possible maintenance costs, parking lot payments, breakdowns and costly towing and garage fees.

As a student, you probably want to look at the Winnipeg public transit. You get a reduced fare by being a student, don't have to worry about finding parking near the school, and all the money you save will pay for the public transit monthly passes.

You can still get a Manitoba license, so that if you want to be able to RENT a car and use it to go out of town for some holiday or downtime, you can. But it's all up to you.




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