How To Budget For A Family In Hong Kong
First-time Parenting: Creating a Family Budget Plan in Hong Kong Learning how to budget for a family in Hong Kong is an important step to ensure that you can survive in this expensive city. According to the survey conducted by Mercer, a human resource firm in New York, Hong Kong landed second to the most expensive urban centres in the world. This data was actually intended for expats planning to live in Hong Kong. While they have a choice whether they want to live in this expensive city or not, the local residents of Hong Kong have to deal with the harsh reality of this city’s cost of living. Usually, expensive cities justify the cost of living with high wages. But then again, how do the wages fare in Hong Kong? According to the data published by the South China Morning Post, fresh graduates are given HK$10,860 as their first salary. Do you think that is enough for you to live by? Obviously, when you reach the point when you have to budget for a family, you should have gone through a couple of salary increases. Let us say that you are already earning HK$20,000 when you decided
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