finance

The way a 29-yo Aussie on a $122,000 salary spends her monthly wage is flooring the world.

An Aussie woman living abroad in London has received backlash online after speaking about struggling to save for a two-bedroom flat on a AU$122,000 salary.

The 29-year-old’s hefty project manager salary puts her in the top five per cent of UK salary earners, but she can’t save a deposit for her first home.

Kate’s dream is to buy an apartment in East London, where the average property price sits at nearly AU$1 million. But housing prices aren’t that steep across the whole of London. Across the UK, the average property price is around AU$400,000.

Speaking to British newspaper iNews about how she saves her money, Kate shared the sacrifices she has made to fit her budget, including cancelling her AU$265 monthly gym membership and stopping herself from buying a red jacket.

“Recently I was going to buy a red jacket, but then I thought: ‘I don’t need a red jacket, I’ve got a navy one and it’s fine.’ So I’ve changed my train of thought about what I really need to spend money on,” she said.

The millennial also leaves herself AU$664 a month to spend on weekend getaways and an additional AU$215 a week to spend on just about anything she likes.

Twitter users were quick to point out Kate’s lavish spending habits, mocking the ‘sacrifices’ she has made on her six-figure salary.

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On the other hand, some people defended Kate, pointing out the cost of living in London and sympathising with the struggle of buying your first home.

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What do you think? Is someone on a six-figure salary allowed to complain about housing affordability?