{"id":303000,"date":"2025-11-23T06:43:08","date_gmt":"2025-11-23T06:43:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/303000\/"},"modified":"2025-11-23T06:43:08","modified_gmt":"2025-11-23T06:43:08","slug":"why-a-man-who-earned-over-88k-a-month-had-total-savings-of-only-13k","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/303000\/","title":{"rendered":"Why a man who earned over $88k a month had total savings of only $13k"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">A director of a bank drew a monthly salary of more than $88,000, but he had only about $13,000 in his savings accounts during his divorce because his high income would routinely be depleted just from paying for the expenses of his household of four.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">His own monthly expenses would come to about $46,000 on average, while his former wife said she and their two children, aged 20 and 18, would need more than $30,000 every month. That meant that almost 90 per cent of his monthly salary would be spent on their expenses alone.<\/p>\n<p>Financial literacySavingsInvestCredit\/Debit cardsMortgages\/Real estate credit<\/p>\n","protected":false},"excerpt":{"rendered":"A director of a bank drew a monthly salary of more than $88,000, but he had only about&hellip;\n","protected":false},"author":2,"featured_media":303001,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":["post-303000","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-au","tag-australia","tag-business","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/303000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=303000"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/303000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/303001"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=303000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=303000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=303000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}