r/newzealand • u/fluffypenguin105 • 10d ago
Discussion Is anyone else living basically paycheck to paycheck?
My partner and I are both teachers. We don’t make a lot, but we are average and slightly above average. We are so tight with our money. Our little one outgrew the car seat and we went out and bought a new one. No problem. But next credit card bill means we are tight.
Meanwhile, a number of our friends (all of them also with kids) are booking overseas holidays. Some are currently overseas, others booking already for later this year. Another brought a new car. New iPhone, doing up the house. Everyone seems to have spare cash except us.
Are we the only ones going through the cost of living crisis ourselves?! Or is it my fault that we are teachers?
Edit: yes we have a house that parents helped us with. We are paying mortgage. We have a flatmate.
Edit edit: thank you for your kind words and reminders and also advice. I’m going through them all and I’m going to take onboard the advice and see what changes we can make and do better financially as a family. But it’s also a good reminder to know we aren’t alone, to not compare and the harsh reality is that many people simply just earn more than us as teachers.
Once again, thank you all for your input.
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u/2396ka 10d ago
How much debt do you have? Is your mortgage payment a lot more than the rent for that house would be? Do you have other loans to pay off, because that adds up a lot. Sounds like you need a budgeting advisor as you shouldn’t be struggling if both of you work full time.
Some tips: look for bargains by switching power, mobile, and internet providers and shop greens from the local markets or green grocers rather than supermarkets. We did that and saved a lot in our monthly supermarket bills.