if i want to save USD 50000 after meeting all standard expenses of a upper middle class family of 3 (me, my wife and 3 yr old son) over a 4 year period, what should my net annual salary in qatar currency be?
My dear why don't u work in India only when u getting a handsome salary,there is no security here as you planning to come and work for 4 years in Qatar..I hope understood why Iran/Israel/US conflict...on nuclear issues..
Cost of living in qatar is too high average linging is not less than 8000/ QR + grosery items 2000/- Per month + Car exp again 1000/-QR ,@ value of QR = 1QR= 11.25 (Average ) , this time it is approx 11.80 , now u can calculate .
Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.
My dear why don't u work in India only when u getting a handsome salary,there is no security here as you planning to come and work for 4 years in Qatar..I hope understood why Iran/Israel/US conflict...on nuclear issues..
bibo's formula looks gud n it is a gud guide.
Salary Should Be QR 7000+Hra 7000.Then one save desired amount.
You are talking about saving an evarage of 3,800 QAR/month.
so..
flat 2 bedrooms: 7000QAR (very standard)
grocery = 4000 QAR (upper middle class)
electricity and water: 350 QAR
mobile bill (1 mobile): 500 QAR
gas for 2 cars (1 sidan and 1 four wheels): 550 QAR
medical: not less than 200 QAR
outings: depends on your style and standard, I'd say 1,000 QAR
nursery / school: 2000QAR/month
maid / house keeping assistance: 1000 QAR
vacation saving: 800 QAR
clothing: 1000 QAR
random and emergency: 1000 QAR
two cars: 4000 QAR (whether rental or credit settlement)
+ 3,800 QAR the saving you are targeting
so total?
27,200 QAR as total family package
3.6315 X 50000 = 181575 QR
savings per month = 181575/(4 X 12)= 3782.8125 QR
rent + Kaharma = 6000 at least
food + travel = 2000
travel = 1000
Miscellaneous = 500
total = 13283
This happens to exactly equal your current net earnings!
You are a genius !!!
This will form a fourth order equation, so need a mainframe at least
Cost of living in qatar is too high average linging is not less than 8000/ QR + grosery items 2000/- Per month + Car exp again 1000/-QR ,@ value of QR = 1QR= 11.25 (Average ) , this time it is approx 11.80 , now u can calculate .
Hope my answer wil help you
US50k is QR182,100 and INR2.158Million
What does an upper middle class person with a wife and child spend his money on?
Thats means you wish to SAVE just over $1000 dollar per month. I think QR 20K-25K pm salary should good enough for you to reach your target.
Do a research on cost of living, draw up a budget and you'll find out how much you need to earn.
it should be a 12 nets full of 500 riyal notes.
SORRY, too difficult I skipped Math Classes.