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Are you satisfied with your current pay?
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this post was submitted on 17 Aug 2023
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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.
Wait, your interest rate on your mortgage changed after you signed it? That's whack
Yeah, in Australia we don't have fixed rate mortgages for more than a few years.