Thread: Incomes What do you survive on

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

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

But I get paid weekly...

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

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*

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.

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.

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?

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

Regards

Stevo