I stayed there for 5 and a half months around 2 years ago.
Blew about 15 grand (GBP)
Lived in a relatively decent place (i'm not a young bloke who can share a room) which cost about 200 GBP a month. Also, spent some time in Bangkok, and had some flights back and forward to Phuket.
I trained really hard and had a few fights. However, I also enjoyed myself and made some trips to Phi Phi and had some fun nights out (!!!).
My biggest FAIL was having a thai "girlfriend" for most of my time and then having my uk "girlfriend" join me for the last month. Recipe for financial and emotional disaster.
DO.....NOT......REPEAT.....MY......MISTAKE
I think you can stay over there on a tight budget if you are VERY disciplined. Thailand can be problematic if you are even slightly interested in asian girls. I definitely believe that your financial capacity is inversely proportional to your interest in thai women.
Anyway - I have now recovered and am happily married to my british wife.
(still cant help a sneeky peek at thai girls tho....:-/)





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