How much money do you earn? And how do you spend it?

[hj007]

Earn 25- 30k
Age 35
Save 12k per month
Source of income: 2 days a week plus rental plus small hire business
Work part time - 2 .5 days a week
3 min commute or from home

No debt as in zero and lucky to 8 million ( maybe 10 ) plus property in nice area of Cape Town . I inherited so lucky
To be honest lucky / blessed about work life balance

Is the work you do in relation to the rental and the hire business, or do you have another line of work?
Any details you'd be willing to share about what type of hire business you're involved in?
Could you automate the businesses and free up more time, or is the income / your involvement required / or do you do the work in order to have something fun to do?

I find it quite interesting, since also thinking of moving towards more parttime/business again.

 

[Pyro]

Earn 25- 30k
Age 35
Save 12k per month
Source of income: 2 days a week plus rental plus small hire business
Work part time - 2 .5 days a week
3 min commute or from home

No debt as in zero and lucky to 8 million ( maybe 10 ) plus property in nice area of Cape Town . I inherited so lucky
To be honest lucky / blessed about work life balance

Not sure how much of that R8-R10M is used for rental, but would have assumed it's much easier to get to R80k gross from rental alone.

 

[surface]

No debt as in zero and lucky to 8 million ( maybe 10 ) plus property in nice area of Cape Town . I inherited so lucky
To be honest lucky / blessed about work life balance

Eish, you BEE guys are coining it hey. ;-)

 

[r4nd0m]

Age: 33
Education: Matric and an IT certificate. No degree.
Career: Software Development

Income (job): R75 000 gross p/m
Income (property): R21 000 nett p/m
Income (investments): R6000 - R8000 quarterly

Expenses

Medical: R4100 (parent and myself)
Petrol: R1000
Insurance: R350 (car)
Connectivity: R800
Groceries and Food: R4000
Rent: R7000 (to live closer to work)
Savings: R40 000 to R50 000 (varies per month) into RA, TFSA and offshore brokerages
Cellular: ~R100 - on prepaid and bought my handset ~2 years ago (S7)
Clothing: Buy infrequently when needed, few hundred at a time
Hobbies: I mostly game or read, so a few hundred to 1-2 thousand (steam specials)
Alcohol/Cigs: Don't do either

I'm very much a recluse, so apart from going to work and back, I manage to save a decent amount. Also helps that apart from games and books, I don't buy into materialism much.

I'm single and apart from looking after my elderly parent, I have no personal responsibilities or commitments.

 

[feo]

Age: 33
Education: Matric and an IT certificate. No degree.
Career: Software Development

Income (job): R75 000 gross p/m
Income (property): R21 000 nett p/m
Income (investments): R6000 - R8000 quarterly

Expenses

Medical: R4100 (parent and myself)
Petrol: R1000
Insurance: R350 (car)
Connectivity: R800
Groceries and Food: R4000
Rent: R7000 (to live closer to work)
Savings: R40 000 to R50 000 (varies per month) into RA, TFSA and offshore brokerages
Cellular: ~R100 - on prepaid and bought my handset ~2 years ago (S7)
Clothing: Buy infrequently when needed, few hundred at a time
Hobbies: I mostly game or read, so a few hundred to 1-2 thousand (steam specials)
Alcohol/Cigs: Don't do either

I'm very much a recluse, so apart from going to work and back, I manage to save a decent amount. Also helps that apart from games and books, I don't buy into materialism much.

I'm single and apart from looking after my elderly parent, I have no personal responsibilities or commitments.

Jeez, are you me?

Sounds like my story except for the no degree part.

 

[Curious_Al]

Nice, what line of work are you in?

Software development hey.

 

[surface]

Software development hey.

Well done. That is close to 375 rands per hour. I don't think our company has any 27 year olds earning that much as a s/w developer.

 

[Tman*]

Bit of an update for me, aged 31:

Total Nett income: Day to day job + Side business + Rental Properties income: 100%

Total Bond repayments: 24%
Medical Aid: 4.3%
Short & Long term insurace: 2.35%
Car: 13.25%
Misc living expenses (food, internet, bank cost etc): 15%
TOTAL savings: +-40%

Notes:
Company pays petrol & cellphone.
Pumping extra money into car bond will be paid off in the next 2 months, which should push up savings %.

All savings is being used to push into access bond. About 50% of this is being used as required on property maintenance & renovations.

Planning on buying another rental property as soon as I have a big enough deposit.

 

[Esbendzn]

i earn **** lol but hey better to be with a job than without

income:
salary: R4850

expenses:
rent 1500
petrol 1400
wear and tear on car 500
group savings 500
food 1000
keeping the gf happy : whatever i have left

mans gotta start somewhere in life right?

 

[feo]

i earn **** lol but hey better to be with a job than without

income:
salary: R4850

expenses:
rent 1500
petrol 1400
wear and tear on car 500
group savings 500
food 1000
keeping the gf happy : whatever i have left

mans gotta start somewhere in life right?

Age?

 

[Esbendzn]

Age?

33

 

[xrapidx]

What do you do for that salary?

 

[Curious_Al]

Well done. That is close to 375 rands per hour. I don't think our company has any 27 year olds earning that much as a s/w developer.

Thanks I am very grateful. I am bit of a jack of all trades at the moment. I did testing and test automation for a few years using various tools before doing full time software development on front end and backend. Still figuring out what to specialize in.

 

[CamiKaze]

Thanks I am very grateful. I am bit of a jack of all trades at the moment. I did testing and test automation for a few years using various tools before doing full time software development on front end and backend. Still figuring out what to specialize in.

My career started off as a Software and Automation tester (TestComplete) as well, then got into pure dev, developing software for POS devices using embedded C. I wrote all the slips that that machine spits out as an example of my work.
That role then also gave me space to do .Net related work as well.

I then job hopped within the company to a support team (.Net based), fixing an enterprise wide system that is now bug free after 6 months of me supporting it.
This support team then gave me the opportunity to go into SAP ABAP where I now split the role of .Net dev and SAP ABAP dev.

After 10 years of dev experience, I now want to move into architecture (at my day job) as I have all the qualifications for it already but it seems like the company that I work for only see 10 years of dev experience so he must probably stay one forever.
Recruiters contact me every ####ing day for jobs that I am really not interested in.

On the side, I have my own software dev company where I do Java, node and a few other tech stacks and a new product that has caught the interest of 3 universities outside of South Africa (yeah I know, SA companies are always a step behind when it comes to leading edge software...).
I do see some interest from companies like Amazon that has invited me to a private dinner with Senior Managing Directors and Technical Engineers so I hope I network well over there.

All in all, my salary in my day job is still ### because of loyalty.

And BTW, since I have access to everyone's salary on the SAP system, since when TF does an HR have an earning range of 45k - 60k per month? I was always under the assumption that most of their work is admin based and therefore, not a very financially rewarding role to be in.


Oh, sorry... back to you wanting to specialize... well mine is clearly architecture, not sure if you want to specialize in a specific language though.

 

[crackersa]

Age: 45

Gross: r100,00/mo

Net (taxes, medical, dependent day care, pension): R59,500

Rent (includes water): r16,400

Utilities (cell and internet and electricity) : R1900

Food: r8k

Petrol: r807

Directv now / Netflix: r672

Money sent to wife: r10k

Vehicle - paid off (inheritance)

Annual bonus is 17% of annual salary. Plus an 8% of annual salary put into company pensions (total 24% of annual salary is directed toward pension, 8% paid by me)

Xmas bonus is 2 weeks pay.

Not the richest by far but very content


Edit - based in Texas

 

[xrapidx]

Did you do a direct conversion from dollars?

How do you rate your salary based on your location?

 

[The_Mowgs]

Age: 45

Gross: r100,00/mo

Net (taxes, medical, dependent day care, pension): R59,500

Rent (includes water): r16,400

Utilities (cell and internet and electricity) : R1900

Food: r8k

Petrol: r807

Directv now / Netflix: r672

Money sent to wife: r10k

Vehicle - paid off (inheritance)

Annual bonus is 17% of annual salary. Plus an 8% of annual salary put into company pensions (total 24% of annual salary is directed toward pension, 8% paid by me)

Xmas bonus is 2 weeks pay.

Not the richest by far but very content


Edit - based in Texas

Is your wife still in SA?

 

[crackersa]

Did you do a direct conversion from dollars?

How do you rate your salary based on your location?

Very good. Cost of living is slightly higher than Cape Town, but electronics, food is about the same. Petrol is cheaper.

And converted at 13.45, don’t know what the current rate is now.

 

[crackersa]

Is your wife still in SA?

Yes, I send her spending money. She’s a kept woman .

 

[The_Mowgs]

Yes, I send her spending money. She’s a kept woman .

Is her plan to go to the US or stay here?