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Financial Situation

Answered 4 years ago

Thought it might be interesting to see where we compare to others on here with some quick questions

Your Age/s
Gross Household income
Mortgage or Renting amount
Savings/Offset amount
Any other debt
Number of children and age/s
Next financial goal


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ANSWER
4 years ago
23
$10k month (give or take)
$380Rent
$9k Savings
$0 debt
2 children - 3 and 1
Next financial goal - $20k month
( I own a online store and I’m a freelance writer )

Replies

REPLY
4 years ago
What do you sell if you don't mind me asking?

REPLY
4 years ago
I sell jewellery! (Rings, earings, necklaces ect).
I found 2 wholesalers, 1 in China and 1 in US, I buy from both of them as both have Great quality! I started selling on eBay and then once my sales went up I opened a online store.
Honestly anyone can sell anything.
Find something you are passion about start small and grow.

ANSWER
4 years ago
32
Around 350k
Around 120k
I don’t use an offset cos it screws with my negative gearing/tax so I’m better off taking the money that smashing the debts. The last two years our only savings is for the next holiday so it gets cleaned out every 6 months.
No other debt (mortgages totalled are at about 400k)

Next financial goal is retirement lol. Or semi retirement, my business is very successful but also a community service.
In 6 years I’ll never need to work again and have things secured. (At the moment the mortgages mean it’s not “secure” enough for me) but my buisness gives back so I may work for free. If I don’t decide to travel. I don’t know I just know in 6 years iv hit my last financial goal.

Replies

REPLY
4 years ago
Oh I have 3 kids

REPLY
4 years ago
What do you do to earn 350k a year?

REPLY
4 years ago
Good effort!

REPLY
4 years ago
She's not going to share luv if everyone does it she won't earn that kind of money

REPLY
4 years ago
I don’t mind sharing , I own a fairly successful (that I won’t share what it is lol) that pulls in around 100k for around 20 hours a week.
Then the rest all comes from property and rental incomes. All of them though are about 80% owned ir more so the mortgages are low and the return is high.
2 of the are large properties with 3 dwellings and so they return over 1000/1500 a week.
The other one is a unit so the return no where near as high and more expenses. But we are holding onto it for retirement as it’s beach front.

REPLY
4 years ago
Knew it lol

REPLY
4 years ago
Yeah, right. Now tell us another lie.

REPLY
4 years ago
How do you negative gear if your properties make a profit?

REPLY
4 years ago
The 2 units we own.
But my Father in law lives in one so we keep it as it’s perfect for him and the other as I said it will be good when paid off.
We will start to be ahead on that one next year.

ANSWER
4 years ago
Your Age/s: 28 & 43
Gross Household income: $120,000 & $200,000
Mortgage or Renting amount: $490.00 Weekly Savings/Offset amount: $10,000
Any other debt: $100,000
Number of children and age/s: 2 Children & 9 & 11
Next financial goal: Save as much as we can.

Replies

REPLY
4 years ago
$100k other debt? What could that be?

REPLY
4 years ago
What is left of my Mortgage? As we put everything toward paying our house off ASAP

ANSWER
4 years ago
Your Age 30 And 40
Gross Household income 130k single wage (But then we have $1500 a week in rental return
Mortgage or Renting amount 1.5m probably? Savings/Offset amount None all on mortgages
Any other debt no
Number of children and ages 3,4
Next financial goal reduce debt

ANSWER
4 years ago
40
Last year $97,000
$320 pw
Savings $13,500 & growing
No debts
1 4year old
Goal $20,000 savings

ANSWER
4 years ago
30
$160,000
Mortgage $2500 monthly
Usually around between $7k - $10 depending on time of year (rates, holidays etc)
1 x car loan and 2 credit cards
3 kids aged 14, 10 & 6
Home renovations

ANSWER
4 years ago
We are both 31, between us we earn roughly 180k. Mortgage is $400 per week. We have roughly $20k in savings atm but another 8k in our debt account. When that gets to $10k we lump on the mortgage. We have 2 children and currently TTC #3.
Next financial goal is to pay off our mortgage by 38.

Replies

REPLY
4 years ago
Wishing you all the best 😊

REPLY
4 years ago
Thankyou :) you too!!! Xx

ANSWER
4 years ago
36 and 37
180
0
30
0
2
Don’t know

ANSWER
4 years ago
32 & 39
140k
$520/week 🙄
40k savings
Owe $10k on my car @ 0% interest
4, 6, & 8
Buying a block of land or a house ☺️

ANSWER
4 years ago
Age 33 + 33
Income - 150k
Mortgage - paid in full as of Feb this year, one standard suburban brick home.
Savings 64k
Debt - none
Kids - 2
Next financial goal - we don't really know what big thing we want to do next, we're just going to keep saving until we figure it out.


ANSWER
4 years ago
27 60 k 360 rent Sav 1000 Debt 0 1 child More savings

ANSWER
4 years ago
29
I don't know, last year was 70K
380/week
$4500
$12K
5 kids: 1;4;7;9
Pay the $12K down to under $2K/ pay cash for a new (secondhand) car.

I feel like this is a census questionaire 😂 do you want our religion and marital status too? 😂😂

ANSWER
4 years ago


33
55k
100k mortgage
20k savings
No debt
4 kids
50k savings and pay off mortgage

ANSWER
4 years ago
24 and 25.
103k.
$350 a week rent.
$5,000 (roughly) in savings
0 debt
2 kids. Aged 2 and 4.
Next savings goal: $10,000 in the bank by mid next year. We are currently saving to buy or building a house by the end of next year. Trying to save up as large of a deposit as we can.

ANSWER
4 years ago
Oh oh. I hope this post doesn't attract the troll 😱

ANSWER
4 years ago
Your Age/s
37 and 39

Gross Household income
110k

Mortgage or Renting amount
350k mortgage

Savings/Offset amount
57k in offset

Any other debt
None

Number of children and age/s
3.5 and 5.5 he olds

Next financial goal
Pay mortgage off