Incomes What do you survive on

Well now...

I remember back in the day (2000 - 2003) I was living in share accommodation (rent was cheap) :) , I had a Subaroo Fiori 780cc panel van 4.5 litres/100kms!!! :D I was paying for my studies up front (bachelors degree) :eek: and I was able to go out with friends most weeks as well as go down to York's (450km round trip) a couple of times a term.

I was not only studying full time but I was working a couple of nights a week and picking up work on some weekends but at tax time I had only turned over between $9,500 - $13,000 each year for those 3 years!!! :confused: How did I do that???

Since then I have been self employed (successfully) but have in the last month sold my business equipment in favour of going back to study next year to become a teacher - I'm not sure how I'll do my second degree with a double major and earn money enough to pay for everything in light of the current cost of living???

I guess life is what you make it, the amount I am told to expect to earn with my two degree's as a High school teacher in the private sector when I get out is around $48-50K p.a. for the first year or two. I would be happy with an offer similar to yours!!! :cool:

:confused: BTW anyone got a flexible hours job in Adelaide for me next year :confused:

Chosen

It doesn't matter how much you earn you'll always find a way to spend enough of it to be skint again two weeks short of your next payday :)

I can only compare to the IT industry in Canberra. 65K plus a car would equate to about $80K package, this would put you at the lower end of the market. An executive level one in the public service would earn $85-90K and be expected to supervise a small team of 5 or so people.
Hope this helps
Regards,
Tote

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Originally Posted by sam_d

It doesn't matter how much you earn you'll always find a way to spend enough of it to be skint again two weeks short of your next payday :)

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But I get paid weekly...

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Originally Posted by Tote

I can only compare to the IT industry in Canberra. 65K plus a car would equate to about $80K package, this would put you at the lower end of the market. An executive level one in the public service would earn $85-90K and be expected to supervise a small team of 5 or so people.
Hope this helps
Regards,
Tote

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The public service in Canberra does not resemble the real world. In DSS regional offices, an ASO4 supervises 6-10 ASO1's to 3's and maybe a youth trainee or two and is a decision making position referred to as "A Delegate of the Secretary". An ASO5 is a Section Manager responsible for 3 or 4 ASO4 led teams. Low level SOG's are Assistant Regional Managers and Regional Managers managing a regional office with staff from 100-200. ASO4's in Canberra make the tea.

I reckon you could at least push it to a 130 dualcab ...........no?

$65k plus car is around about equivalent to someone self employed (and under reporting cash income) on about $55k - depending on the degree of under reporting...

I hope you self employed blokes don't take offence at the under reporting income comment, but it is common.

As a (relatively) cash rich, asset poor wage earner, I'm stuck waiting for my kids to enter school for the missus to be able to return to work to be able to afford to buy a house... my work type means I've got to live in/near the city so the size of debt required to buy a house is crippling. *sigh*

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Originally Posted by RonMcGr

Gee Brian,

I'm a TPI with a DFRDB super pension, and I would not say I'm rich :(

However I have far more spending money than I did as a WO1 in the Army :)

Tax went from $13,000 down to $4,000.
Wage compared to pensions was a lot higher, but the tax makes a huge difference.

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Correct me if I am wrong, but a TPI generally receives a TPI pension and a service pension of some kind. Usually around $1500 per fortnight, the TPI component is non-taxable, and is not asset or income tested. Totally & Permanently Incapacitated is the name of the pension, not a qualification, Many TPI's work or have worked after receipt of pension. Some even worked full-time. A single DSS pensioner receives less than $600 per fortnight and does not get the generous medical treatment package that DVA pensioners enjoy.

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I haven't said yes or no....but I might give it a shot over summer (aircon vs bricklaying 40deg days) but my concern is the $65k do people survive on a $1000 per week?
What is the consensus?

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Look I have to be honest, I read this and re read it as I don't get it....seriously. Reason being you should be able to answer that question yourself. I'm self employed, whilst my income may fluctuate over a 12 mth period, in some cases "making hay whilst the sun shines", I have a pretty good idea of what I need to earn to fund my lifestyle, commitments, family, children, food in mouths etc etc.

If someone asked me or offered said package, straight away the answer would be no.....I couldn't survive.....V8 D3's aint cheap to run :). But seriously it is because I know what I need to earn each week. I'm surprised nobody else has picked up on the same line of thought. Unless I am missing something, I cannot understand how one couldnt know the answer to the question as it seems pretty obvious :D

Regards

Stevo

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Originally Posted by Brian Hjelm

A single DSS pensioner receives less than $600 per fortnight

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So what?How can you compare the two?

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Originally Posted by Brian Hjelm

and does not get the generous medical treatment package that DVA pensioners enjoy

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Neither should they.
It's not generous - they earned it!!