In answer to the original question, i think having 1/3 of your wages left is a very good position to be in.

Its tough, I left a permenant contract position to take a 2yr training post knowing that at the end of the 2yrs i would have to 'apply' for my job. Now I have the qualifications to be on a higher pay scale (17k-22K) but they dont have enough money to keep me now. (its the NHS, say no more).
Still, its a better position than before. I could earn £17-19 an hour if i get my arse into gear and sort out registration fee's and locum agency crap.
ugghh!