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

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FalconZA

Senior Member
Joined
Jan 25, 2007
Messages
503
32 years old
IT Business Analyst Contractor in Cape Town
R85 000ish after tax

Bond: 0 (house paid off)
cars: 0 (2 cars and 1 motorcycle paid off)
Possesion Insurance : 2000
Life insurance: 1600
Medical Aid : 4600 (family of 4)
Internet : 1000
Cellphone : 1500 (3 contracts in the family)
Food: 12000
Petrol: 3000
Rates /water/elec: 2000
Entertainment : 5000
Tithing: 5000 (yes im a christian)
retirement savings: 20000
rainy day savings: 10000
foreign investments : 10000
Spending on random crap: 5000

Qualifications: BSc Honors in Information Technology, PMI PMP, IIBA CBAP, MBA

working experience: 10 years
 
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M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
Messugga said:
Netting R47k now. Difference is going to more investments. Bought the missus a car paid for that out of the bond. Cellular is down to zero.
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Netting around R52k now. 29 years old. I had an opportunity to increase that a good chunk, but ran into restraint of trade issues so couldn't take the guys up on their offer.

Very little has changed in our lifestyles.
Still a dual income, child-free household with the same expenses. Our home should be paid off by the end of the year, which would mean we're then debt free.

I've pushed more and more into savings over the last year, and will continue to do so. We're saving probably around 40% of our combined income, at this point.
 
M

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
12,746
FalconZA said:
32 years old
IT Business Analyst Contractor in Cape Town
R85 000ish after tax

Bond: 0 (house paid off)
cars: 0 (2 cars and 1 motorcycle paid off)
Possesion Insurance : 2000
Life insurance: 1600
Medical Aid : 4600 (family of 4)
Internet : 1000
Cellphone : 1500 (3 contracts in the family)
Food: 12000
Petrol: 3000
Rates /water/elec: 2000
Entertainment : 5000
Tithing: 5000 (yes im a christian)
retirement savings: 20000
rainy day savings: 10000
foreign investments : 10000
Spending on random crap: 5000

Qualifications: BSc Honors in Information Technology, PMI PMP, IIBA CBAP, MBA

working experience: 10 years
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I've been considering the CBAP cert. Would you say itswbeen worthwhile?

MBA is a possibility somewhere along the line, though I'm not positive I could manage the workload along with my current obligations and remain sane.
 
F

FalconZA

Senior Member
Joined
Jan 25, 2007
Messages
503
Messugga said:
I've been considering the CBAP cert. Would you say itswbeen worthwhile?

MBA is a possibility somewhere along the line, though I'm not positive I could manage the workload along with my current obligations and remain sane.
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CBAP very much worth it, its still relatively scarce in South Africa so when an employer hears that you have it, they start throwing dollar bills at you.

I also learnt a heck of alot along the way which helps :)
 
H

HavocXphere

Honorary Master
Joined
Oct 19, 2007
Messages
33,155
Messugga said:
Netting around R52k now. 29 years old. I had an opportunity to increase that a good chunk, but ran into restraint of trade issues so couldn't take the guys up on their offer.

Very little has changed in our lifestyles.
Still a dual income, child-free household with the same expenses. Our home should be paid off by the end of the year, which would mean we're then debt free.

I've pushed more and more into savings over the last year, and will continue to do so. We're saving probably around 40% of our combined income, at this point.
Click to expand...
Meanwhile I've had some serious lifestyle creep. :(
 
S

Sensorei

Executive Member
Joined
Sep 15, 2008
Messages
6,796
I'm in my mid 30's. Net income after tax and medical aid is R54K. House is 90% paid off. Both cars bought with cash.
School fees R6500
Insurance is R2100
Rates R1500
Electricity R1400-R1600
Food R7000
Toiletries/cleaning/gardening stuff R2000.
Maid 1.5x per week R1300
Petrol R700

That leaves about R30K to save and spend. I buy a lot of gadgets. I'm pretty good at saving but bad at deciding where to invest and make up my mind.

I left IT to do my own thing. Didn't finish my degree and have no qualifictions for type of work I do now, but Im the boss so it doesn't matter.
 
H

heartbroken

Expert Member
Joined
Apr 2, 2010
Messages
3,073
I have no idea what I earn, it's fluctuating wildly month to month at this point. All I know is that I am on 319k after tax earned since January most of that has gone into debt repayments.
 
Pho3nix

Pho3nix

The Legend
Joined
Jul 31, 2009
Messages
30,589
heartbroken said:
I have no idea what I earn, it's fluctuating wildly month to month at this point. All I know is that I am on 319k after tax earned since January most of that has gone into debt repayments.
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even broked down per month that's a little 79k a month :wtf:
 
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