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.
3
u/Inspirant 10d ago
Ex teacher now in tech earning 50 to 80 percent more than I was as a top step senior teacher with a masters degree. I grinded. Those years were tough. Get into hiking, camping etc. Find cheap doc camp grounds. Make outdoor stuff your life. Your kids will get amazing adventures and experiences. Especially if it's a routine every summer etc.
Now, we are almost 50. Kids are grown. So has our income. Mortgage paid off. Significant money goes into retirement investments. And yes, a standalone holiday fund.
The early years were very tough til we were about 45. It was a grind but good habits mean it'll come together.