Your retirement living costs
December quarter costs In March, the Association of Super Funds of Australia (ASFA) released the ASFA Retirement Standard. ASFA has kindly allowed YourLifeChoices to share this information (for the December quarter 2014).
Weekly expenditure
No change
Increased
Decreased
Comfortable couple
Modest couple
Comfortable single female
Modest single female
Building and contents insurance Rates Home improvements Repairs and maintenance Total housing
30.20 35.46 10.06 17.61 93.33
23.91 30.20 0.00 12.58 66.68
25.17 30.20 10.06 15.09 80.52
24.00 30.31 0.00 15.16 69.47
Electricity and gas Total energy
56.53 56.53
54.55 54.55
41.68 41.68
41.07 41.07
Food – groceries and other fresh food Total food
198.32 198.32
159.76 159.76
110.18 110.18
77.13 77.13
Bundle of home phone, broadband, mobile Total communications
32.60 32.60
16.32 16.32
25.62 25.62
9.32 9.32
Household cleaning and other supplies Cosmetic and personal care items Barber or hairdresser Music and CDs Newspapers and magazines Computer, printer, software Household appliances Pest control, alarm service Total household goods and services
25.60 3.05 20.48 2.14 8.20 4.20 11.75 12.57 88.00
15.36 2.94 8.83 0.00 1.90 4.20 2.98 0.00 36.21
18.43 6.86 14.71 0.32 8.01 4.20 10.01 12.57 75.12
10.24 1.97 4.93 0.00 2.40 4.20 2.98 0.00 26.70
Clothing Total clothing and footwear
57.43 57.43
28.71 28.71
38.28 38.28
17.69 17.69
Car transport and running costs Public transport Total transport
137.30 5.32 142.62
91.26 5.32 96.58
137.30 2.66 139.96
91.26 2.66 93.92
Health insurance Chemist Co-payment and out of pocket Total health services
77.94 22.91 40.21 141.06
62.50 3.13 12.12 77.75
39.65 12.64 27.63 79.93
31.25 1.76 7.28 40.29
Membership clubs TV, DVD, digital camera Alcohol consumed in home (or equivalent spent) Lunches and dinners out Cinema, plays, sport and day trips Domestic vacations Overseas vacations Sundry items Total leisure
9.73 1.80 40.63 81.26 13.62 77.85 54.48 30.05 309.42
1.95 0.90 15.24 25.29 18.97 36.97 0.00 11.67 111.00
4.89 1.80 25.39 60.71 6.81 66.17 36.97 23.05 225.79
0.98 0.90 10.16 30.36 5.84 18.49 0.00 7.78 74.51
Gifts and/or alcohol or tobacco
0.00
0.00
0.00
0.00
Total weekly expenditure Total annual expenditure
$1,119.32 $58,364
$647.57 $33,766
$817.07 $42,604
$450.09 $23,469
Expenditure items
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YourLifeChoices Retirement Update March 2015