Received my salary "increase" letter

[Nicodeamus]

At R25k per month (CTC), you would only have R5000 to spend on the bond, that equates to roughly a R500k property. You can't get much, if anything, for R500k these days.

500k is pretty much a 2 bedroom flat in Pretoria. Not really worth it.

 

[cerebus]

500k is pretty much a 2 bedroom flat in Pretoria. Not really worth it.

Or a house in an area you REALLY don't want to live.

 

[ToxicBunny]

Precisely....

You can GET property for R500k... but its not property anyone really wants to actually live in.

 

[Garson007]

Which is why I started with living beyond your means.

 

[CamiKaze]

Well, I think that the important question is, what is enough to get by with after all deductions?

 

[GhostSixFour]

Well, I think that the important question is, what is enough to get by with after all deductions?

Maybe list per city, as in JHB, CT and DBN. That way we can get a good idea.

 

[Garson007]

If you budget - you'll get away with almost any salary because you will notice any changes in the percentages and try and eliminate the outliers.

 

[ToxicBunny]

If you budget - you'll get away with almost any salary because you will notice any changes in the percentages and try and eliminate the outliers.

You live in a monumental dream world if you think that is the case.

 

[Sonic2k]

And this is why people are in such deep crap.
To have a house, and by this I mean, not this broom cupboard rubbish called a "townhouse", you have to over-extend yourself.
As for who we have to thank for this:
1) The Estate Agency Affairs Board being a toothless, gutless organization
2) Estate agents who created this bubble.
3) The ANC government for contributing to it and allowing it to happen
4) The banks, especially ABSA bank.

 

[cerebus]

You live in a monumental dream world if you think that is the case.

I feel that way about pretty much every statement he's made on this thread.

 

[marco79]

I've done my performance appraisal recently and was told majority of the staff will be getting 6%. Only those who have added a qualification would get more. Management is getting 5%.

I fall into the 6% category.

 

[Sonic2k]

I've done my performance appraisal recently and was told majority of the staff will be getting 6%. Only those who have added a qualification would get more. Management is getting 5%.

I fall into the 6% category.

Seems to be the average out there. Thanks for sharing.

 

[reactor_sa]

6%, as is the average for the non bargaining units. Bonus was pretty good though, no complaints there. As things go as income gets higher, bigger bonuses, smaller increases.

 

[Vengeful]

I didnt sign any letter, and there was no meeting or a negotiation... Unsafe

 

[Garson007]

I get the feeling people here don't do much budgeting or investing.

 

[ToxicBunny]

I get the feeling people here don't do much budgeting or investing.

I get the feeling that you are very clueless about money in general tbh....

 

[Sonic2k]

I get the feeling people here don't do much budgeting or investing.

I do a lot of budgeting. The budget reveals thus:

1) Prices of food is increasing at an alarming rate
2) Price of petrol is an issue. It is so bad now that working far away from home is not practical at all anymore.

As for investing, when there is so little return, for so much risk (and the fact that I distrust the stock market because its been shown time and again to be un-trustable) I do not waste money on that crap. I see the stock market as no different to the lotto- Tata ma chance!

 

[supersunbird]

I do a lot of budgeting. The budget reveals thus:

1) Prices of food is increasing at an alarming rate
2) Price of petrol is an issue. It is so bad now that working far away from home is not practical at all anymore.

As for investing, when there is so little return, for so much risk (and the fact that I distrust the stock market because its been shown time and again to be un-trustable) I do not waste money on that crap. I see the stock market as no different to the lotto- Tata ma chance!

Agree on the petrol and food, as to investing... "Whatever!", +20% is not little return.

 

[Pavan]

I get the feeling people here don't do much budgeting or investing.

Please elaborate?

 

[Pavan]

Agree on the petrol and food., as to investing... "Whatever!", +20% is not little return.

Agree with sunbird. My best returns have been from the stock market this year. If you're that paranoid and refuse to educate yourself on what and when to buy, then there are far more stable options. An example would be the Satrix top40.