$480,000 mortgage and earning 80k each. The repayments would be roughly 800 per week. They must be making 1100 a week each in the hand which would leave well over a grand a week to live off.
Not sure how much they are losing each week on the investment property but surely they could still afford the repayments on 300k ...maybe 500 a week plus they get rent from it maybe 300 a week.
So they still have 800 a week?
Food 200, fuel 100, power 40,phone/net 40/rego insurances 60...childcare to but dont know what thats worth Still 300 a week roughly to save/pay off loans etc
If one of them was to lose their job, then that would make it hard, but from what I can see these guys are getting by. Must say his hours of work arent flash.
4 am wake up to get ready for work and home at 6pm...not much of a life for him, why have kids ?
My advice sell the investment property, get a lower paying job whuch gives you more time to spend with your family.
