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Costs
Our money £73500
Flat Price £65000
Money left after purchase together £8500
Money left after purchase Each £4250
Fees £2500
Money to fix up £2500
Money left Together £3500
Money left each £ 1750
Flights to NZ for both of us £2000 or £1000 each (Return Ticket)
12 Months stay you need £5000 for both of us or £2500 Each
Visa cost for both of us £500 or £250 Each
Total Cost £7500 or £3750 Each
money left together £-4000 or £-2000 Each
We would still have £3500 in the bank Together or £1750 each Without New Zealand
Together £-4000 or £-2500 each, incudes the total cost of New Zealand
Earning's Potential
Thomas in 6 months £9100
Earning £350 a week
save £200 a week
saving potential £5200
Emma in 6 months £5200
Earning £200 a week
saving £100 a week
saving potential £2600
combined savings in 6 months £7800
£7800 + £-4000 = £3800
This figure doesn't include the £5000 we would already have to stay in New Zealand for 12 months together
Total in bank after 6 months. Including money needed to stay in New Zealand for 12 months = £8800
Each £4400
Earnings from Property
1 month £650
12 Months £7800
Time to repay property in Full from just renting = 10 Years
Ideas to save money
- Ask for a lower asking price. Potentially save £4000
- Ask for help from Family. Potentially save £2500 on fees
- Ask for help painting and decorating. Potentially save *Unknown*
- Ask family i.e my grandparents for money. (Not best option, I'd feel like a prick)
Potentially save £6500
1) Worst Scenario, If cost is high end, with low savings, then will have to work 6 months and save. will have £4400 each in bank each
2) Best Scenario, If cost is low end, no saving needed. -£4000 + Potentially saved £6500. Means we would have £10000 together. £5000 each
New Zealand total cost £7500 or £3750 Each. Means we would have an extra £5000 together or £2500 each.
Meaning in bank when in New Zealand day 1 we would have £10000 together or £5000 each
6 months Earnings on top of everything = £7800 together
6 months savings + Money saved in general = Day 1 in New Zealand £17800 or £8900 each
3 months Earning on top of everything = £3900
3 months savings + Money saved in general = Day 1 in New Zealand £13900 or £ £6950 each
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