Monthly Budget Breakdown: The Real Cost of Living in Melbourne
personal finance · vlog
About this work
A creator details their monthly expenses in Melbourne, Australia, covering rent, groceries, utilities, transport, investments, subscriptions, gym, savings, and sending money home. The video highlights the use of a budgeting app and a money transfer service for international transactions. It's a personal finance vlog demonstrating budgeting and expense management.
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I spent $4965 AUD last month (Real cost of living in Melbourne) This is my actual monthly budget tracker Rent - $1200 (my share) 2B 2B Townhouse Groceries - $500 (My share) Utilities - $400 (My share) Gas, electricity, wifi, phone Transport - $120 Investments - $500 Subscriptions - $200 Gym - $45 Savings - $1000 Send back home - $1000 MY MELBOURNE MONTHLY BUDGET Where the money actually goes Category Amount (AUD) %(of Total) Rent (my share) $1,200 24.2% Groceries $500 10.1% Utilities $400 8.1% Investments $500 10.1% Subscriptions $200 4.0% Gym $45 0.9% Transport $120 2.4% Savings $1,000 20.1% Sent Back Home $1,000 20.1% TOTAL $4,965 100% All of these add up to $4,965 But here's the thing Eight of these expenses can change, but the last one, I set aside for my family, it never does. And to make the transfers from Australia to India, I use Remitly. Because I know that what I send actually arrives. And I get my best value for my money. I started using Remitly when I came to Australia as a student and it's been 7 to 8 years since I've been using it. There's no hidden fees eating into the transfers. The rates are great and I also find it reliable. When your budget looks like this, you want as less things to stress about can. Remitly is one of those things that I don't have to think about twice. So, here you go. This is the real cost of living in Melbourne. Is it expensive? Yes. Is it manageable? Of course, yes if you're smart about it. So yeah, if you're living in Australia, moving to Australia, download Remitly and make a transfer, you won't know how good it is until you try it. Also, if you're a new user to Remitly, you can get your transfer fee waived off for a limited time. So, these are too many things to be sitting out on. And tell me your biggest monthly expense in the comment section. Is rent destroying everyone or is it just me?
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