Cost of living in Denmark | Breakdown of expenses (Danish advice)

In this video, I delve deep into the cost of living in Denmark to give you a realistic picture of everyday expenses. I have made the minimum budget for one person - in essence, the available funds that you need to have each month to live in Denmark.

It's very important to consider if your disposable income corresponds to the life you want to lead. It's no good to move to Denmark, if you won't be able to enjoy yourself here due to a tight budget.

Fear not! Most people will make enough money in Denmark so that life is pleasant. You will most certainly be able to afford life in Denmark, if you have a full-time job.

Whether you're considering moving to Denmark or simply curious about how much it costs to live in this beautiful but expensive country, this video covers all you need to know about managing your finances here.

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🔹 Key Points Covered:

1. Assumptions About a Minimum Danish Budget: Setting the baseline for essential living costs.
2. Accommodation: Insights into rental costs for various living situations.
3. Groceries: Average prices for food essentials and tips for budget shopping.
4. Public Transportation: Costs and best practices for getting around.
5. Clothes & Garments: What to expect when updating your wardrobe.
6. Insurance: Necessary policies and typical premiums.
7. Fun and Leisure: Budgeting for entertainment and social activities.
8. Phone and Subscriptions: Managing communication costs effectively.
9. Self-care: Investing in personal wellbeing and health.
10. Buffer & Savings: Strategies for financial security and unexpected expenses.
11. Sunk costs: What are the sunk costs of moving to Denmark?


🔹 Who Should Watch?

Potential Expats: Considering Denmark as your new home?
Budget Travelers: Planning your expenses for a Scandinavian adventure?
Financial Planners and Advisers: Offering insights to clients moving to or living in Denmark.



TIMESTAMPS:
00:00 - Start
00:58 - Assumptions about a Minimum Danish Budget
3:00 - Accommodation
3:50 - Groceries
4:55 - Public Transportation
5:55 - Clothes & Garments
6:45 - Insurance
7:45 - Fun and Leisure
8:30 - Phone and Subscriptions
8:55 - Self-care
9:50 - Buffer & Savings
10:20 - Conclusion and minimum budget
11:00 - Sunk costs
12:15 - Outro

ABOUT ME
My name is Steven Højlund. With over 30 years of life in Copenhagen and experiences across Europe and the US, I share in-depth and honest insights to help you navigate life in Denmark. Whether you're planning to settle here or exploring from afar, I aim to provide you with valuable information to make the most out of your time in Denmark.