Taking the challenge

Could you enjoy life on $320 a week? See how one young professional copes in this real-life budget challenge.

Things you should know

Based on insights from ABS and ASFA we have used the following assumptions to set the guidelines for Raman's challenge.

  • Male income - $75Kpa+ 9.5% SG contributions
  • Full time worker
  • Super balance :  $43,583 in super balance at age 30
  • Desired retirement age:
    • Male – 67yrs
    • Based on ABS report
    • Life expectancy – 90yrs (ABS)
    • No additional (non-concessional) contributions

Cost of living assumptions made via the calculator here.