| the_fornicator |
Does anybody know how much it costs to live somewhat liberally in Munich? Supposed to be moving over there for work so I'm in the midst of negotiating a contract for per diems and spending allowances to compensate for the higher cost of living relative to Edmonton.
What's a good wage there (in EUR or CND) so one can still pay a mortgage over here yet also live, travel and spend?
e.g. $65,000 is a relatively comfy wage over here such that a person can pay a mortgage, save, spend and live comfortably. What would be the $65,000/year equivalent over there?
I'll be there for at least a year -most likely two so I wanna get this right the first time.
Thanks! |
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| dtjohnst |
quote:
Originally posted by the_fornicator
Does anybody know how much it costs to live somewhat liberally in Munich? Supposed to be moving over there for work so I'm in the midst of negotiating a contract for per diems and spending allowances to compensate for the higher cost of living relative to Edmonton.
What's a good wage there (in EUR or CND) so one can still pay a mortgage over here yet also live, travel and spend?
e.g. $65,000 is a relatively comfy wage over here such that a person can pay a mortgage, save, spend and live comfortably. What would be the $65,000/year equivalent over there?
I'll be there for at least a year -most likely two so I wanna get this right the first time.
Thanks!
Pay a mortgage? You won't find a house, mate. I know people who've lived their entire lives in Germany and are still living in apartments. Very few houses come up for sale, and most go for over $1mil. That's the word I got last time I spoke to my buddy the Schwinehund. He's got lots of family there, and we spoke about 18 months ago last.
Also as a note, Munich is one of the most expensive cities in all of Germany. Last I heard it was about 750-850 Euro a month, which equates to $1,200-$1300- CAD/month for basic essentials. Entertainement and car not included, and a VERY conservative food budget.
$65k CAD is just under 43k EUR right now. I think it can be done assuming things haven't changed much, but you but I don't think there's any chance at all of you finding a home. |
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| the_fornicator |
oh no no. I have a mortgage here that I have to pay for. sorry, should have been more specific.
over there, my company is paying for an apartment in the middle of downtown Munich, also paying for all apartment-related bills minus food/bev as well as a company car. they're also giving me a per diem and spending allowance so I'm pretty much living for free.
I'm still obligated to keep up my car payments, mortgage and other payments back home so I'm wondering if their offer for spending allowance and the per diem will suffice. |
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| the_fornicator |
| wow, sweet. thanks for the links. pretty much seems like whatever it costs here, just turn it into Euros. so essentially I gotta ask to be paid in Euros or about a 50% raise. |
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| ae1969 |
quote:
Originally posted by the_fornicator
wow, sweet. thanks for the links. pretty much seems like whatever it costs here, just turn it into Euros. so essentially I gotta ask to be paid in Euros or about a 50% raise.
Once you figure out what you think you need........ multiply it by two. |
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| TrevorK |
quote:
Originally posted by ae1969
Once you figure out what you think you need........ multiply it by two.
Good idea - living in a place that you are unfamiliar with means you're expenses will be higher than here - you'll be eating out more, buying more things, etc, etc....
As well, do you have to pay German taxes? |
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| the_fornicator |
not really too sure how that goes or who I would talk to.
I have a friend who moved over there and got married. been there like 4 years or something like that. apparently she wasn't supposed to be paying Canadian income tax or something like that. still gotta figure stuff out in that regard. |
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| the_fornicator |
does anybody know of any information regarding tax stuff and the sort if working in a different country for an extended period of time?
I don't wanna get stuck paying taxes for both countries. |
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| HEWSINATOR |
This will depend highly on HOW the company pays you.
That is all I know, but there are ways to set it up differently as the employer. |
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| the_fornicator |
| lol that's not general at all. |
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| Jojdm |
yeah 65,000 gross is an ok living here. But I am not sure how far that will get you over there.
While negotiating if it is term employment you should be entitled to a premium. I would consider your $65,000 your starting income based out of Canada. You still have to maintain a residence in Canada during your time in Germany. I would ask for a minimum of 40% increase since it is only for 1 year's time.
Depending on how relevant your position and role is to the company this shouldn't be an issue. Over and above you should be provided with an expense allowance of no less than $4,000. This should cover living arrangements and food for each month. For transportation a rental vehicle should be provided for the duration of the project included with a fuel card.
Remember you are not going to Germany to just survive. You will be sacrificing a lot to make this happen so you should be paid accordingly.
Value yourself and don't sell yourself short.
If your company decides to be cheap, your better off to tell them to beat it and find another yes-man.
best regards,
:blue: |
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| HEWSINATOR |
quote:
Originally posted by the_fornicator
lol that's not general at all.
What I am trying to say is that it will depend on how your employment is legally set up. Are you being paid by them in Germany or Canada for work being completed in Germany.
In all seriousness though, I finf it very odd that this is not stuff your ER is not very clear about with you. They should have all this for you. If they do not know, then I can imagine a less than pleasant experience. |
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