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

[Sherbang]

wao,seems we have some big earners here : O

social desirability bias should probably be taken onto account on threads like this

 

[Pho3nix]

Hookers and blow.

lol that's always the case...some money just disappear, but if you check exactly what you spent it on, you'll see you bought crap

porn subscriptions ?

Interestingly enough, those percentages are from my budget spreadsheet so I'm purposefully excluding the 9% for God knows what.
Need to go through that again.

 

[Alton Turner Blackwood]

Hmmm, a bit difficult for me sine my wife (who's homemaker) does the majority of money management, but let me try the percentage thing

Bond: 9.3%
Utilities: 3%
Car: 0%
Petrol: 1.6%
Commuting to work: 0.9%
"Luxuries" - ADSL, DSTV, Netflix, etc: 4.1%
Personal Loans: 20% - only a few months left
Sins: 5%
Wife: 50%

From this month there's an additional 6 odd percent (annual increase) which we'll probably just save somewhere since we want to go off grid.

My wife pays school fees, clothes, food and who knows what else!

 

[TehStranger]

Bond + levies + rates + life insurance etc. 29%
Saving 23%
Tax 19%
Medical aid 8%
Household 5%
Fuel 5%
Spending 5%
Insurance 3%
Cellphone 2%

 

[Mike Hoxbig]

Percentages are useless without amounts...

 

[TehStranger]

Percentages are useless without amounts...

I'm a $10K/day CEO, so you can work it back from there.

 

[HavocXphere]

Percentages are useless without amounts...

Says the guy that hasn't posted either percentages or amounts...

 

[Mike Hoxbig]

Says the guy that hasn't posted either percentages or amounts...

Between R500-R600k pa. Couldn't be arsed to break that down further into individual expenses...

 

[Ecco]

Percentage wise I can attempt :

Monthly Saving 35%
Bank Fees and Funny Things 15%
ADSL 3%
Lunch 4%
Vodacom 6%
Parents 5%
Surplus 16%
Car 7%
Total 91%

Not sure where the other 9% goes :erm:

You counted lunch, maybe the 9% goes on breakfast and supper?

 

[Alton Turner Blackwood]

I'm a $10K/day CEO, so you can work it back from there.

That 19% Tax = does not compute

 

[Pho3nix]

You counted lunch, maybe the 9% goes on breakfast and supper?

Rarely have breakfast.
Parents percentage includes my dinner

 

[Pho3nix]

Between R500-R600k pa. Couldn't be arsed to break that down further into individual expenses...

Before or after incentives

 

[TehStranger]

That 19% Tax = does not compute

Tax evasion is a thing.

But seriously, my tax should be higher, but my rental income make up a big chunk of my total monthly income and skews things slightly.

 

[Sinbad]

Tax evasion is a thing.

But seriously, my tax should be higher, but my rental income make up a big chunk of my total monthly income and skews things slightly.

You're sposed to declare that

 

[Mike Hoxbig]

Before or after incentives

Before. My take-home is about 60% of that. Ok let's try this...

Co. contributions:
Medical Aid: R1,800
Pension Fund: R5,000
Disability cover: R300

My expenses:
Bond: R4,500
Car: R1,500
Insurance: R900
Fuel: R1,500
RA/Investments: R6,000
Cellphone: R500
Food and groceries: R2,000
Pissing away money: R3,000
Rest: dumped into bond, car and savings

 

[Pho3nix]

Before. My take-home is about 60% of that. Ok let's try this...

Co. contributions:
Medical Aid: R1,800
Pension Fund: R5,000
Disability cover: R300

My expenses:
Bond: R4,500
Car: R1,500
Insurance: R900
Fuel: R1,500
RA/Investments: R6,000
Cellphone: R500
Food and groceries: R2,000
Pissing away money: R3,000
Rest: dumped into bond, car and savings

1. Big deposit on your place? Seems decently priced.
2. How did you get your car payments so low ? :erm:

 

[Sinbad]

Medical Aid: R 7,192.00

 

[TehStranger]

You're sposed to declare that

It is declared. A have a mate (studying to be a CA) who handle's my taxes and ensures that everything is above board.

Before. My take-home is about 60% of that. Ok let's try this...

Co. contributions:
Medical Aid: R1,800
Pension Fund: R5,000
Disability cover: R300

My expenses:
Bond: R4,500
Car: R1,500
Insurance: R900
Fuel: R1,500
RA/Investments: R6,000
Cellphone: R500
Food and groceries: R2,000
Pissing away money: R3,000
Rest: dumped into bond, car and savings

That bond is tiny! Either you live in a small section of a 1 bedroom flat, or you put down a healthy deposit.

 

[TehStranger]

Medical Aid: R 7,192.00

For how many people?

 

[lived666]

Before. My take-home is about 60% of that. Ok let's try this...

Co. contributions:
Medical Aid: R1,800
Pension Fund: R5,000
Disability cover: R300

My expenses:
Bond: R4,500
Car: R1,500
Insurance: R900
Fuel: R1,500
RA/Investments: R6,000
Cellphone: R500
Food and groceries: R2,000
Pissing away money: R3,000
Rest: dumped into bond, car and savings

your food is sooo low, its less than what i spend a week, and wheres utilities water/lights/rates etc ?