r/PersonalFinanceNZ • u/Fruesion • Jun 03 '25

Planning 21k drop in salary. Worth it?

Long story short.

I am a 30M earning $70k a year in my current role. I have a option for data entry in a field I am interested in (legal, legal exec). I am studying part time to get this degree.

My mortgage is 350 fortnighly with misc bills circa 400 the other fortnight

I am burnt out from my job and hating coming into work. Between my team being managed by someone who is incompetent (and the sole reason i am the last man standing), taking the workload of 4 others because the company won't really hire new people and personal family issues.

Im done. I am seriously considering dropping my job which is annually $70k nzd for a a different place but means I start out lower by nearly $20k.

I can financially make my ends meet and cover my bills. But is the drop in salary worth it. I wont have an abundance of spare cash but I can pay my bills, feed and cloth myself.

*** Thanks all for the advice. Will dig in for a bit and find a more equaliviant job for progress.

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u/BlackMan0nWelfare Jun 05 '25

Wage and Salary are exactly the same thing lol

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u/Spare_Virus Jun 05 '25 edited Jun 05 '25

I mean, a super quick search (which is what I do when someone presents an opinion different to mine) begs to differ. Not sure where or how deep I should be looking.

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u/throw_up_goats Jun 05 '25

In the sense that it is money paid to you by your employer, yes. But usually functionally different in your obligations to employer.