How much you have to earn to maintain your lifestyle will be entirely dependent on the expense of where you live, your out going expenses and whether they are less than your incomings.
That is the only way to sustain your lifestyle - incomings higher that outgoings. Living within your means.
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05-09-2013 18:17 #21
05-09-2013 18:19 #22
We live in Sydney, off $65k a year after tax. We are comfortable... We rent though, And couldn't afford a mortgage in the area we currently live.
05-09-2013 18:38 #23
Last edited by LoveLivesHere; 05-09-2013 at 20:51.
05-09-2013 18:41 #24
05-09-2013 18:42 #25Senior Member
- Join Date
- May 2006
We have 4 kids, and lived in the inner west in Sydney - so we moved regional. Even though on paper our income looks good, as you say - it is just so hard to get ahead in the city. We ended up buying a house here a year after we moved and we can afford to do that on one income while I am at home with the kids. If we had stayed in the inner west, we probably wouldn't have ever been able to afford a house.
05-09-2013 18:44 #26
Very broad question.
We are renting in Sydney, 2 adults, one toddler and one part-time teen. We are on around 50K combined and very comfortable, but everyone is different. At this point in our life we are prioritising (and are able to) time together over income, so we are both working less than we could.
05-09-2013 18:45 #27
I'm on between $40,000 - $50,000 single income (as I have no partner), 2 kids - one in school one at daycare 4 days a week as I work part time/casual. I'm renting, have saved enough for an expensive surgery outright, have no credit card debt, pay for PHI, gym fees, eat a wide range of nutritious meals and can head to the movies/dinner out/short holidays if I felt the need. I save extremely well and regularly budget & meal plan. I feel quite comfortable on my income. I have the potential to earn close to $80000 if I went back full time - but until my little one is in school it's not anything I will even consider.
Last edited by Theboys&me; 05-09-2013 at 18:50.
05-09-2013 18:45 #28
I earn ok money for someone who works part time.
My husband earns really good money, but he is self employed so really hard to get a loan. Sucks.
We live closeish enough to the city, but in suburbia. We are 5 mins from beach, 10 minutes on train to city or 15/20 minute drive to city
05-09-2013 18:49 #29-
- Join Date
- Mar 2013
Its hard to say without knowing WHAT sort of lifestyle we are talking about.
We are in Perth, single income of 80k and living very, very comfortably, BUT we have no debts so most of it is disposable after bills and necessities.
05-09-2013 18:53 #30
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