this post was submitted on 17 Aug 2023
32 points (100.0% liked)

Personal Finance

3776 readers
37 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
 

Trying to get to know the community a bit more.

If you want to share figures (you don't have to) you might probably want to use a throwaway account, better safe than sorry.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago (1 children)

I was. I was making 100k AUD, able to support another through University and easily pay my relatively small mortgage.

With interest rates gone up, I'm paying 50% more for the mortgage, and bigger increase than that on food, gas, electricity, rates and hot water. We are on the edge of comfortable, though our budget still has a little fat we can trim. I don't like the effective pay decrease I've had this last while, so no; I would be happy going back to two years ago levels of comfort.

[–] [email protected] 1 points 1 year ago (1 children)

Wait, your interest rate on your mortgage changed after you signed it? That's whack

[–] [email protected] 1 points 1 year ago

Yeah, in Australia we don't have fixed rate mortgages for more than a few years.