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[T395]The Cost Of Living
by Claire May, Cla
The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus? and Cyprus? is 30% lower than Spain's and Portugal's. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition Greece has a very low crime rate, low pollution, and plenty of sunshine. All things considered purchaser of holiday homes in Greece have an extremely attractive package.

Annual Income

A couple living permently in Greece can expect to require an annual income of around ?10,000 (14,000 Euro). Example;
House running costs + food????????????4816
Two people eating out twice per week???????1664
Garden maintenance?????????????? ?984
Car insurance????????????????? ?310
Petrol 5,000 miles per year at ?2.25p per Gal?... ?360
Return trip to the UK to visit family and friends??600
Contingency fund????????????????1266
Total per year?????????????????10,000

Food Prices

Prices have risen quite steeply since the introduction of the Euro in 2002. Locally grown produce is cheap when in season. Imported and processed foods are often highly priced.

Furniture/Appliances

To give you an idea of the price of furniture and kitchen appliances, here are some examples for a typical starter package;

Electric cooker?????????????..?350 (?500)
Fridge freezer??????????????.?350 (?500)
1 x double bed?????????????..?275 (?400)
2 x single beds?????????????..?350 (?500)
Dinning table & 4 x chairs?????????350 (?500)
Three piece suit (1 x sofa 2 armchairs)??.?730 (?1200)
Patio furniture (plastic table & 4 chairs???90 (?150)
TOTAL COST?????????????.?2586 (?3750)

Consumers Rights

If you should be unlucky enough to buy a faulty product in Greece you have the same rights of complaint against a Greek retailer as in any other EU country. For further information or advise contact INKA, free tel: 11727 or 210 363 2443.

Car Running Costs

To purchase a small saloon car in Greece (Fiat Panda or similar) would cost around ?4,600 (6,700Euro)

Fully comprehensive insurance and road tax is likely to be about ?310. (450 Euro)

Petrol is about 65p per litre (0.91Euro)

Car Rental will be ?20-?30 per day, depending on size and duration of hire. For 15 days plus, the smallest might cost ?18, and a 4WD between ?25 and ?40

For many, living on reduce buying power will mean a very uncomfortable reduction in life style. They will try to get by on the same income even though prices for food, transportation and health care continues to climb. This will lead to a good deal of unhappiness.

Phooey to Frugal Living

You don't have to sit there and take it. You can banish any worries about losing your job or accepting a lower salary. While others see their chances for a comfortable retirement slip away you can begin building a secure financial future.

Yes, you can continue to live a very good life if you are willing to take action right now.

What's the answer to cost of living increases? Learn to generate independent sources of income. That's right, take responsibility for your own income and financial security. There are a number of ways to do that, because you live in a country where anyone can prosper, if they are willing to change their thinking.

You must stop thinking like a helpless employee and transform yourself into cash generating business person. That can be much easier than you think.

Three Roads To Extra Income

You can make the leap through the help of training sources like CreatingWealthClub.com. In the Club we researched the opportunities for wealth building and narrowed down the best choices to these three:

1. Real Estate

2. Internet Income

3. Stock Investments

Those three areas have proven themselves over the years by producing millions of wealthy people. During good times or bad those three areas can produce all the income you'll ever need.

Forget About Your Debts

I am sad to report that thousands of people are so burdened by debt that they won't even consider building a second income that could grow to two or three times what they are now earning. They think they will need lots of cash to build an independent income. The truth is that in both ecommerce and real estate there are ways to get started with little or no money.

Those two areas can provide a way to quickly pay off your debts and move on to a new life with no money worries. After you've begun generating steady, extra income you can compound that income by carefully investing in shares of profitable companies through the stock market.

Financial Independence

Just what is financial independence? That's an easy question to answer, but it's different for every person. The basic answer is that you just need enough income to do what you want when you want!

You don't have to have millions. For many people just an extra income that allows them to maintain their comfortable style of living is enough. For others it's a business that provides a full time income on part time effort. For a few only the life style of the rich and famous will satisfy them.

Believe me when I tell you any of those choices is within your reach. The secret is that you have to change you thinking. You must open your mind to a whole new world of financial opportunity. All it takes to be successful is effort, persistence and some expert guidance.

Thousands have done it, so I know you can laugh at rising costs and begin living the good life.

Article Source : Pg. 2

About Author
Both Claire May & Mark Walters are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Claire May has sinced written about articles on various topics from Massage, Property Guide and Home Improvement. About UsR & C Property Management provides a wide range of information regarding buying a property in Greece and the Messinia Prefecture. It aims to help home buyers though the minefield of purchasing property in Greece by giving general advice, i. Claire May's top article generates over 49500 views. to your Favourites.

Mark Walters has sinced written about articles on various topics from Marketing, Modelling and Real Estate. Mark Walters is a third generation real estate investor and founder of . For a limited time Mark is offering his big guide to finding hard mo. Mark Walters's top article generates over 90500 views. to your Favourites.
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