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

[shadow_man]

Bump

Curious to see what other IT professional's earn.

I'm 30 and currently a Linux sys admin, in the cloud space at an ISP. I think I earn OK there's always the need to make more, in order to pay expenses (bond, car, living costs etc)

 

[xcaliber]

Bump

Curious to see what other IT professional's earn.

I'm 30 and currently a Linux sys admin, in the cloud space at an ISP. I think I earn OK there's always the need to make more, in order to pay expenses (bond, car, living costs etc)

You don't state what you earn but want others to?

 

[^^vampire^^]

Last week was R1 050 000, got a raise on Tuesday to R1 260 000 and as soon as they announce the Gordhan news it went to R1 293 600. Not that it matters in relative terms where I am.

 

[^^vampire^^]

What world do you live in where people can put away 50% of their R15k salary? Getting by on R7.5k is very, very difficult. That amount will be eaten up between a car, rent and petrol.

If you can't afford a car cash you either buy a really really cheap one where the repayment is minor or you don't buy one at all. Problem is people get their first job and go buy a BMW on one of those special offers where the repayment is R7500 a month and the balloon is like 40% or it has a buy back option; either way money pissed down the drain. Then their insurance in R3000 a month. Then they stay at home with their parents for 5 years while they pay off their car just so they can look "cool" when they go out and use R2000 for alcohol, R500 for petrol and R200 for food. Priorities really.

 

[DA-LION-619]

If you can't afford a car cash you either buy a really really cheap one where the repayment is minor or you don't buy one at all. Problem is people get their first job and go buy a BMW on one of those special offers where the repayment is R7500 a month and the balloon is like 40% or it has a buy back option; either way money pissed down the drain. Then their insurance in R3000 a month. Then they stay at home with their parents for 5 years while they pay off their car just so they can look "cool" when they go out and use R2000 for alcohol, R500 for petrol and R200 for food. Priorities really.

Reading this I realized, I know people like this...

 

[whatwhat]

If you can't afford a car cash you either buy a really really cheap one where the repayment is minor or you don't buy one at all. Problem is people get their first job and go buy a BMW on one of those special offers where the repayment is R7500 a month and the balloon is like 40% or it has a buy back option; either way money pissed down the drain. Then their insurance in R3000 a month. Then they stay at home with their parents for 5 years while they pay off their car just so they can look "cool" when they go out and use R2000 for alcohol, R500 for petrol and R200 for food. Priorities really.

You're only young once.

 

[HavocXphere]

How do I spend it?

Suits, flights and fking roaming charges at the moment

 

[^^vampire^^]

You're only young once.

...but stupidity can ruin your life forever

 

[shadow_man]

You don't state what you earn but want others to?

I've got several colleagues on here who know my account. That would probably make for too fun of a conversation for me

 

[Stevi]

You're only young once.

YOYO!

 

[Sly21C]

If you can't afford a car cash you either buy a really really cheap one where the repayment is minor or you don't buy one at all. Problem is people get their first job and go buy a BMW on one of those special offers where the repayment is R7500 a month and the balloon is like 40% or it has a buy back option; either way money pissed down the drain. Then their insurance in R3000 a month. Then they stay at home with their parents for 5 years while they pay off their car just so they can look "cool" when they go out and use R2000 for alcohol, R500 for petrol and R200 for food. Priorities really.

+1, Well said!

And then you have students who want fees to fall but will be first in line for an iPhone 7.

 

[^^vampire^^]

+1, Well said!

And then you have students who want fees to fall but will be first in line for an iPhone 7.

Exactly this. For years I've seen my colleagues with the fancy Samsung and Apple phones while I had the old school blackberry with free internet. It's not because I couldn't afford it, far from it, but it was far from what I needed. The only reasons I have a Samsung now is because it is extremely affordable in Aus.

 

[yebocan]

live in your means....always try to buy in cash....do not make debt, unless you really have to...eg. bond or car.
get the notion that credit cards are a necessity, they just a very expensive status symbol, end of the day...you pay for that line of credit.
learn to save...before you know it , you are saving a 1/3 of your income.

 

[syntax]

Bump

Curious to see what other IT professional's earn.

I'm 30 and currently a Linux sys admin, in the cloud space at an ISP. I think I earn OK there's always the need to make more, in order to pay expenses (bond, car, living costs etc)

I would guess you are between 400 and 600k p/a, at least thats what i have seen guys in that space roughly earn

 

[Pyro]

live in your means....always try to buy in cash....do not make debt, unless you really have to...eg. bond or car.
get the notion that credit cards are a necessity, they just a very expensive status symbol, end of the day...you pay for that line of credit.
learn to save...before you know it , you are saving a 1/3 of your income.

Abusing the credit on the CC might be a problem, but a CC can be a very handy tool if used responsibly.

 

[HavocXphere]

Abusing the credit on the CC might be a problem, but a CC can be a very handy tool if used responsibly.

Yeah the paranoia surrounding credit cards is unwarranted unless you're someone with weak self control...in which case you've got bigger problems

 

[TofuMofu]

live in your means....always try to buy in cash....do not make debt, unless you really have to...eg. bond or car.
get the notion that credit cards are a necessity, they just a very expensive status symbol, end of the day...you pay for that line of credit.
learn to save...before you know it , you are saving a 1/3 of your income.

This is so important.

I've gotten in some really deep debt due to credit card because I think "I'll pay it of next month" when I should really have just saved for what I wanted/needed.

I'm fine now and learned from my mistakes

 

[cr@zydude]

Credit cards can be great, if you pay them off in the interest free period, usually 55 days. I do this, basically use my card for everything, and pay the balance at the end of the month. I never spend more than I have in my cheque account. This gives me a credit record, and a small increase in interest earned on my cheque account.

 

[theratman]

Credit cards can be great, if you pay them off in the interest free period, usually 55 days. I do this, basically use my card for everything, and pay the balance at the end of the month. I never spend more than I have in my cheque account. This gives me a credit record, and a small increase in interest earned on my cheque account.

Same, I've never been able to use my cc for stuff I won't be able to pay off come payday.

 

[Surv0]

I've got several colleagues on here who know my account. That would probably make for too fun of a conversation for me

what % tax are you paying?