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Struggling on $150,000

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  • #496292
    gremmblesgremmbles
    Member

    The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    I could go on but by now you are probably getting my drift.

    #496293
    FaolmorFaolmor
    Member

    gremmbles post=311439 wrote: The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    I could go on but by now you are probably getting my drift.

    Absolutely.

    I also think the earlier post about consumerism is – for wont of a better idiom – bang on the money. Today’s society tells us we are nothing without the newest, biggest, brightest of everything, and we are conditioned pretty much from birth now to believe it. Apparently, this is now called “struggling.”

    Maybe if these people would learn to turn off half their appliances off standby overnight, they might find a bit of extra cash in the budget…

    Thing is, people also seem to have forgotten how to then take what’s left over at the end of the week, and SAVE it. All too easy to think, “Hey, I’ve got $150 left…let’s go out to dinner/buy that new game/toy/plastic fantastic item which will definitely complete our lives and make us better people…and suddenly, you’re “struggling” to live on $150,000.

    Maybe the $150 a week they’re spending on running their unnecessary suburban 4WDs could have something to do with it..?

    #496294
    sharsmareesharsmaree
    Member

    gremmbles post=311439 wrote: The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    I could go on but by now you are probably getting my drift.

    I think you’ve hit the nail on the head. My idea of being extravagant was buying new clothes at target and take away once a week. We live very well on an income a third of that. I do know people like you have described and we found them unbearable. It did not seem to matter what they had, it was never enough and if you dared to buy something they actually didn’t have they became very nasty.

    I did find the longer the hours we worked the more money we wasted. Too tired to make that little bit extra. I also feel sorry for the younger ones who are trying to buy near their work if they work in built up areas. The only way would be able to buy would be to earn the 150,000. The rents they have to pay are huge and are sometimes close or more than our weekly income. Far too much stress for me. I think opinions and perceptions of what we really need sometimes changes with experience and hopefully living well is seen as more important.

    just my 2c worth again. 🙂

    sharsmaree

    #496295
    donnamacdonnamac
    Member

    I heard a bloke on the radio yesterday trying to justify how it was a struggle on $150 000. He said something along the lines of ‘ it just means I can live a suburb closer to the city and drive a better model of car’. Somehow the listeners were meant to feel sorry for him because he isn’t wealthy according to his criteria. Sheesh.

    #496296

    The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    oh yes absolutely. This is pretty much right, although im going to slightly change it for a ……. of mine

    1 has a shitty house in a really great suburb

    2 1 $80k 4×4, plus convertible sports car and several motorbikes, camper trailer

    3 Eats at home , mostly, buy buys really expensive groceries

    4 yes, lots of booze plus the casino

    5 goes on alot of holidays, to expensive places, doing expensive things

    6 reasonable clothes, but dosnt hesitate to spend the big bucks on special occasion clothes

    7 entertains …alot

    8 kids at private schools

    9 yes,buy alot of expensive toys for everyone , also things like furniture, tellys

    10 AFL membership, concerts, ect

    #496297
    AbbysMumAbbysMum
    Participant

    quote=”gremmbles” post=311439]The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    One thing seems to have been missed here. You are all right and I am not saying your not BUT, the expenditure of these consumers is what pays wages for other folk, from the farmer who produces the food for the restaurants to the people that are all employed in every industry. I do NOT stick up for those who believe that on $150,000 they are struggling but once not so long ago I eased myself onto that very round about earnt that sort of money felt it was not enough put my head down and worked some more until I had a breakdown. Do I agree with them NO do I understand them yes I do

    Regards

    Susan

    #496298
    pennypenny
    Member

    If you are struggling on an income of $150,000 or more you really should look at where you are spending and budget accordingly. How you spend your money is up to you BUT I should not have to subsidise your extravagance. Nor should those who recieve even less. Our government has to draw the line somewhere and $150,000 is. I think, a very generous threshhold. I feel sorry for young people trying to get thier first place. Proportionally they are having to pay more for land than we did even 10 years ago

    #496299
    colourscolours
    Member

    I don’t know where I stand on this arguement. I looked at their cost breakdown and the thing that stuck out to me was the $1000 they spend on food per week or was it per month? I just got my tax return back and we had earnt $130 last year which was a good year for us, this year not anywhere near as good. But even last year, I buy clothes at Anglicare for myself and the kids, kids go to a public school, we have two 21 year old corollas that we’ve owned for years. I get most groceries from aldi buy vgies I grow. We eat bugger all meat and have our own eggs. Solar power and on tank water. We rarely go out fo anything more expensive than the local Thai and don’t drink much. Bring our lunches to work. We still struggle. We have been going on holidays once per year but usually in Qld to save money.

    I guess with the price of transport, childcare, rates, etc things just can add up. We do have a large mortgage, which is because I wanted a house with lots of land (we got 3 acres) which was close enough to the city that I coud keep working to pay it off. I guess that’s self-defeating. I travel 2.5 hours each way to work so I’m not really guilty of trying to live one suburb closer to the city.

    I would love to live further away from Sydney but need to be close to mum and my husband’s business. I don’t know what the answer is.

    I do feel like I struggle even on our wage, but we work hard and deserve the lifestyle we are aiming for. I resent all the single mums out there that I know that have re-married, had more kids and are at home in their Mc Mansion not working but receiving payments. I know that isn’t evey single mum-s story but it is definitely the story of all the ones that I know. My fault for being jealous I suppose. Maybe we can dedicate a column for money-saving tips? Lol.

    #496300
    colourscolours
    Member

    sorry that last paragraph didn’t really come out right. What I resent is the govt seeming to target the people that go out and work and struggle and focus on the ones that need money, that might work less than we do, that may have spent less time training as hard as i did. Reducing HECs discounts. I think education should be free, regardless. How are we encouraging people to try a bit harder?

    #496301
    mistyhollowsmistyhollows
    Member

    Wow I’ve really hesitated to comment on this thread and probably shouldn’t with the reaction I may get 🙁 but I have to say that DH earns close to 2/3 of that amount. We don’t live extravagantly being that we don’t wear designer clothes, I do shop at the Salvos (in fact found a fantastic old wooden table there last week for my new paving area (which are 2nd hand pavers given to us, not a cent paid there on a Better Homes and Garden landscape other than the crushed concrete to go under the pavers) and also got a $4 woolen jacket for myself and some clothes for the kids), I drive a 9 yr old stationwagon (sorry no 4wd here to fit the stereotype), we live on a rural property which enables us to spend some of our excess income on living the lifestyle we want of buying trees, growing our own fruit and veg etc. DH travels at least 2 hrs most days to get to work (this allows us to live in a rural area) and he has worked bloody hard to get where he is in his job, no apologies there sorry, he deserves every cent he gets. We didn’t have kids straight away, both worked hard for many years, which allowed us to save and we were able buy a house and sell that to get where we are now. We have a large mortgage and a lovely huge chunk of that income pays for it. My kids go to a private school because I cannot get them into a decent public school in our area (yes I’ve tried, they rarely take out of zone). My eldest child is a smart cookie and his current school gives him the extension work he needs. The closest public school we are zoned for is the worst in our area and kids there hit each other over the head with garbage bin lids at recess for entertainment. No, I don’t want my kids exposed to that so we send our kids to a private school and yes we pay full fees. We are very fortunate that we are able to do so.

    We get minimal help from the government in the way of benefits, perhaps some should look at what they receive in total and they may get a pleasant surprise. I go to a gp that bulk bills, we don’t get cheap pharmaceuticals for constant asthma medication needed for 3 of us. I need constant pain medication for an arthritic condition and yes it all costs $$, no subsidies there. We have lived on a lot less and worked very hard and gone without many things to get where we are today. We don’t take overseas holidays (contrary to what some believe) we camp for holidays, in state forests (which don’t cost a cent), we don’t eat out every lunch and dinner, infact DH takes a packed lunch everyday and we only get takeaway once a week as our treat. My kids do not have the latest and greatest, I have seen too many of their friends parents with financial problems still buying their kids the latest ipods and goodness knows what else and refuse to go down the same path, so other than birthday and christmas presents they might get some books from the school book club.

    I think the tall poppy syndrome is well alive and well in this country. If we earned $150,000.00 we would all be much better off and only want more, but can’t people just be happy and grateful for what they have and if they want more $$ work hard to achieve it instead of whinging about what they dont???

    #496302
    mistyhollowsmistyhollows
    Member

    colours post=311468 wrote: What I resent is the govt seeming to target the people that go out and work and struggle and focus on the ones that need money, that might work less than we do, that may have spent less time training as hard as i did. Reducing HECs discounts. I think education should be free, regardless. How are we encouraging people to try a bit harder?

    :clap: :clap: Well said colours.

    #496303
    mistyhollowsmistyhollows
    Member

    The cheat’s guide to struggling on $150 000

    1. Buy huge mcmansion in an “elite” suburb.

    2. Buy to 2 to 3 Incredibly expensive cars to impress everyone.

    3. Eat out almost every night and buy your lunch during the day.

    4. Drink copious amounts of alcohol

    5. Go on at least one overseas holiday and one cruise a year.

    6. Only buy designer label clothes

    7. Buy your food from deli’s (you don’t really eat at home anyway)

    8. Only buy your children designer label clothing.

    9. Buy your child every toy they ask for, the more expensive the better.

    10. Buy lots of toys for you, boat, jet skis, snow ski’s etc

    1. I don’t live in a mcmansion, a quite small house actually.

    2. I own a 9 yr old station wagon, only one car.

    3. Eat takeaway once a week and homemade lunches.

    4. Rarely drink alcohol.

    5. Have only ever had 1 overseas holiday about 12 yrs ago.

    6. Never buy designer label, in fact went to the Salvos today.

    7. Never buy from delis. I buy in bulk mainly from the local wholesaler!

    8. Kids often get clothes from Salvos and hand me downs. They do get some new stuff at Christmas and birthdays though.

    9. Kids get toys at birthdays and christmas and then books throughout the year from school book club.

    10.Don’t own a boat, jet ski or snow skis. Last time I went to the snow was probably close to 15 yrs ago, hired snow clothes, bought my own snow gloves (which I still have) and used a truck tyre innertube to bobsled, much more fun than skiing!

    No apologies for not fitting the sterotype here and slightly offended that there are so many unpleasant comments on this thread that lump all higher income earners all together. The grass is always greener???

    #496304

    5hrs round trip a day to go to work… all that petrol, all that time… :jawdrop:

    My ex worked hard so that I could stay home with the kids (meaning that someone else got my job and super…) He paid a lot of tax and now that I’m on centrelink I have no (well I actually have more than I let on… ) guilt about taking handouts now…

    Mind you $150 000 is a lot of mula where I live but in other places (capital cities?) it might not be the case…

    #496305
    sharsmareesharsmaree
    Member

    Misty Hollows, you have made some excellent points. This thread started out with a comment from someone about the difficulties of struggling on this amount of money. It does seem to have veered off a bit. The truth is that without these incomes there would be a lot less taxes and a lot less services. I hope I didn’t come across as resenting these incomes because I don’t and wish anyone well who can achieve this. I have learnt over the years to live without the envious types(and these can be all incomes). I do know many people who are well off but this is not why they are our friends and I am also well aware that we are thought off as well off. And to us we are. I think it was said earlier its all a matter of perspective and what suits one may not suit another, not necessarily a bad thing.

    I have to admit that I am certainly envious of the fact that you have a GP that bulk bills, these doctors are getting hard to find. 🙂

    Sharsmaree

    #496306
    mudhenmudhen
    Member

    This was an opinion piece on the ABC a couple days ago which seems to me to explain things fairly well:

    http://www.abc.net.au/unleashed/2614076.html

    I don’t think the point of this thread was to be a blanket gripe at people earning $150000 a year, but one of being gobsmacked that such people could cry poor — ie, “struggling” to get by on that income.

    No matter what we earn, we make choices about what we do with the resulting income. Choosing a simpler lifestyle and probably a healthier one for your kids on acreage but having a partner that travels hours each day to and from work is one difficult choice that many people make. Does it cost more? You bet! Worth it in the long term? If you can keep your marriage together, keep your sanity and not simply get ground down by it all, then I would say yes, and good on you for having a go.

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