$45k

Old Sep 17th 2005, 9:54 am
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Default $45k

We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
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Old Sep 17th 2005, 9:59 am
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
If you had a mortgage I personally think you would be struggling on that. It depends on where you live but I think $60k would be a minimum salary with a mortgage.

This is my personal opinion.
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Old Sep 17th 2005, 10:30 am
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
It depends on where you are? Though I think wherever you are, this isn't what I would consider a 'good' wage. Before we came here, we worked on a worst case scenario or me earning $50k and the missus not working - and we have no kids. This is based on living in / very close to the city.
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Old Sep 17th 2005, 11:32 pm
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
As others have said, it will depend on a number of things like what standard of living you are used to, but most particularly if you have a mortgage or not. You could certainly survive on that (especially as you would get some Family Tax benefit, assuming you will be here on PR), but its not a great wage. Particularly with kids going into the teenage years where they tend to want so much more stuff (expensive stuff )

IMO if your wife got a part-time job you'd probably be alot better off (even though you would probably lose some of your FTB).
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Old Sep 18th 2005, 12:52 am
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
you may just get by if you're mortgage free, 45k aint a lot....
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Old Sep 18th 2005, 4:51 pm
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
I understand what other people are saying that $45k isn't much, but the Aussies must be able to cope on this wage.
Just my opinion of course.
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Old Sep 19th 2005, 10:00 am
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Default Re: $45k

Originally Posted by matt n ann marie
I understand what other people are saying that $45k isn't much, but the Aussies must be able to cope on this wage.
Just my opinion of course.
Thats what Dad said.

Wife will certainly be looking for a part time job but have heard these are very few and far between so thought wise not to bank on it but to treat it as a bonus.

Bill
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Old Sep 19th 2005, 10:13 am
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Default Re: $45k

Originally Posted by BillBart1
We are a family of 4, 2 adults & 2 kids (11/12).

As I am the only wage earner and have been told the above is my annual salary in your opinion is it possible for us to live on this?

Just talking basics, negative as well as positive very welcome

Thanks

Bill
Hold on while I get my calculator..(thinking what's that in english money).
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Old Sep 19th 2005, 10:16 am
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Default Re: $45k

Originally Posted by Xgeminix
Hold on while I get my calculator..(thinking what's that in english money).
We are a family of 5, 2 adults, 3 kids (13, 10 and 2) and we manage at the moment on that in th UK, mind you I haven't been out since 1997...lol.
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Old Sep 19th 2005, 11:05 am
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Default Re: $45k

Hi,
I have been working the same thing out, I have worked out my wife and I (no kids) need to earn $70,000 with no mortgage (or ver little) to be where we want to be.
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Old Sep 19th 2005, 11:11 am
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Default Re: $45k

Originally Posted by matt n ann marie
I understand what other people are saying that $45k isn't much, but the Aussies must be able to cope on this wage.
Just my opinion of course.
Yes many can and do. But also consider that some of the lower income families are entitled to some benifits that you are not eligible for in the first couple of years.

Also consider that if you wanted to go to the UK for a holiday. We reckon on it costing us around 12k (Family 4 with car hire, spending, days out etc. Thats quite a lot of your annual income.

Of course you can survive but is that what you are coming half way around the world to do?
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Old Sep 19th 2005, 12:04 pm
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Default Re: $45k

Originally Posted by BillBart1
Thats what Dad said.

Wife will certainly be looking for a part time job but have heard these are very few and far between so thought wise not to bank on it but to treat it as a bonus.

Bill


Not true, here in Perth there is LOADS of part time work about!!
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Old Sep 19th 2005, 12:04 pm
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Default Re: $45k

Originally Posted by HUP
Of course you can survive but is that what you are coming half way around the world to do?
Good question....

I suppose my honest answer would be i'm coming for a life experience and an adventure.

I don't hate my current job, life or situation. I just want to make the most of every opportunity and not look back and wish I had. I think it is important to be informed of all the pros and cons and respect and am grateful for all views and opinions wether they are positive or negative.

If it was just the wife and I this wage wouldn't be an issue. I just don't want to ruin my kids future...

Bill

Last edited by BillBart1; Sep 19th 2005 at 12:08 pm.
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Old Sep 19th 2005, 12:47 pm
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Default Re: $45k

Bill,

Where are you heading because it will depend on that I guess. I have Australian family and quite a few of the women have part-time admin jobs, so I shouldn't worry about that, or are you going away from the cities
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Old Sep 19th 2005, 1:04 pm
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Default Re: $45k

Originally Posted by BillBart1
Good question....

I suppose my honest answer would be i'm coming for a life experience and an adventure.

I don't hate my current job, life or situation. I just want to make the most of every opportunity and not look back and wish I had. I think it is important to be informed of all the pros and cons and respect and am grateful for all views and opinions wether they are positive or negative.

If it was just the wife and I this wage wouldn't be an issue. I just don't want to ruin my kids future...

Bill
I think you have the right attitude getting all the answers first but as everyone said it all depends on a mortgage. Do you have one or not? I would say it is not enough if you need to have a mortgage.
People have a preception that Australia ( Melbourne in my instance ) is a lot cheaper than the UK. I am finding that is not the case, I think we have missed the porperty boom by a couple of years and everything as far as I can see is on a par if not more expensive ( houses ) I would say the houses are bigger but the mortgages are the same with a higher interest rate.
Be prepared and as the Aussies say 'She'll be all right'

Hope the info helps you out
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