this post was submitted on 17 Aug 2023
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Personal Finance

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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.

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[–] [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.