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comfortable salary?

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sl
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2014/11/03 18:05:57 (permalink)

comfortable salary?

What salary could you live comfortably?

For me it's about 40k
#1

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    Vista
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    Re: comfortable salary? 2014/11/03 18:15:54 (permalink)
    Depends where you live but 40k did me o.k. and I have retired at 45 but will set up my own business at some point.
    #2
    sl
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    Re: comfortable salary? 2014/11/03 18:49:41 (permalink)
    What line of work did you do vista if you don't mind me asking?
    #3
    Vista
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    Re: comfortable salary? 2014/11/03 18:58:35 (permalink)
    Worked for the government, civilian for armed forces
    #4
    Oldy
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    Re: comfortable salary? 2014/11/03 19:08:46 (permalink)
    With the mortgage paid off years ago and no debts i can live a very decent life on 10K, and probably a lot less than that if i wanted to.
     
    I retired at 47 and have been living off my savings and investments for the last 7 years.
     
    I am single which obviously mean i need less as no kids or partner to support.
    #5
    aaronjamesukuk
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    Re: comfortable salary? 2014/11/03 19:17:11 (permalink)
    20k for me. I'm not a material person with no dependants. All I need is gym, food and shelter.
    #6
    Rasputin
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    Re: comfortable salary? 2014/11/03 19:56:34 (permalink)
    **** that honestly I have been chasing my tail since uni etc and I have been earning about £80k for the last three years on average. Just set up my own business so really for the first time watching pennies in pennies out and genuinely if i don't make £150k this year I will close the business, its been so stressful and disappointing already through no real fault of my own.
     
    I guess it depends where you live, marital/kids situation and what aspirations you have but I honestly don't think I would be comfortable with less than £100k and living in London or overseas. As a single 30+ guy in the smoke I reckon £100k is about right gives a take home of £65k which sounds like a lot but won't go far when you factor in a nice place to live mortgage etc. Where as if your married or cohabiting in theory you could earn half and be ok as you can split the bills.

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    #7
    Suspirio
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    Re: comfortable salary? 2014/11/03 19:59:59 (permalink)
    What has been stressful and disappointing about the new business Ras? I could easily live on 20 a year.
    #8
    WW10
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    Re: comfortable salary? 2014/11/03 20:11:51 (permalink)
    I'll eventually be happy on around 25-30 I reckon.

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    #9
    dazzz
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    Re: comfortable salary? 2014/11/03 20:13:41 (permalink)
    My mrs wage is ****. If she earned the same as me, which isnt much ( 24k) that would do

      




     
    #10
    Celt
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    Re: comfortable salary? 2014/11/03 20:29:57 (permalink)
    As a single man I'd need less than half of what I need now as a married father of two!

    Living in the north can make a huge difference on housing costs, but not so much on anything else.

    Without a significant second income in our house, I reckon we need a minimum £50k income from me to maintain current lifestyle, which isn't lavish but includes foreign hols and a mortgage on a decent townhouse in a decent area.
    #11
    TOOLMONKEY
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    Re: comfortable salary? 2014/11/03 20:31:36 (permalink)
    45k just to cover normal monthly outgoings, wife and 3 teenage kids, not cheap. To be comfortable, at least 55k

     



    #12
    lancs_lad
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    Re: comfortable salary? 2014/11/03 20:37:00 (permalink)
    If you dont have debt besides the mortgage I dont see why you all need more than 30k.
     
     
    #13
    dirtyvest
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    Re: comfortable salary? 2014/11/03 20:45:38 (permalink)
    Same boat as you dazzz.... we do OK, no life of luxury and we do have to watch things so I wouldn't say we live comfortably. But I guess if we earned double I'd end out with a bigger house (altho we only rent) a nicer car etc etc and would be in an identical situation

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    #14
    Arfie
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    Re: comfortable salary? 2014/11/03 20:52:12 (permalink)
    Was a similar thread years ago and I said £80k - that's "comfortable", not loaded - and was met with various "wtf" comments.
     
    I share Rasputin's view - the difference in requirements between London (or just outside) and anywhere else is enormous.

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    #15
    dirtyvest
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    Re: comfortable salary? 2014/11/03 20:56:52 (permalink)
    It also depends on what you expect from life.... I'm not London but cost of living wise I'm not far out. Can't afford a mortgage but there you go. Can't afford a nice holiday each year. But we are also without certain other stresses and we get decent time together.

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    #16
    TOOLMONKEY
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    Re: comfortable salary? 2014/11/03 20:57:03 (permalink)
    lancs_lad
    If you dont have debt besides the mortgage I dont see why you all need more than 30k.
     



    Mortgage 900
    Gas and elec 155
    council tax 155
    food 600
    petrol 90
    car 200
    Incidentals school uniforms, school trips, tyres, clothes etc 300
     
    That's just shy of 38k salary
     
    Plus mobile phones, sky, tv licence, life insurance, house insurance, car insurance, water, kids savings.
     
    It doesn't go anywhere really
     
     

     



    #17
    brittas
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    Re: comfortable salary? 2014/11/03 21:51:47 (permalink)
    Many years ago I found out my boss was on £40k and I thought he must be rich. Fast forward 8 years or so and I'm on £50k and it still wasn't enough. My wife only worked a handful of hours after having kids, then packed her job in in altogether so we lived on my wage which barely paid the bills. A lot of that is to do with my wife's "can't wait" attitude, so everything was on finance or loan.

    We've since split up sorting out the financial mess and I'm so looking forward to having control of my own finances again. Even with the child maintenance payments (which I don't begrudge for a second), I should be able to live comfortably on my salary. And seeing as most of the girls I'm dating have full time jobs, I'd like to think when I settle down again with someone it will be very different and will never get myself in that mess again.

    I should be more than comfortable on £50k and I intend to be.

    Daft thing is, now we've split my ex has found a part time job working 26 hours. If she'd done that while we was together, add that to my salary, we'd have been laughing.
    post edited by brittas - 2014/11/03 21:56:30
    #18
    Furious D
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    Re: comfortable salary? 2014/11/03 23:12:01 (permalink)
    Hard to answer as I am borderline comfortable now, but give me an extra 50k a year, and I'd still be borderline comfortable, just in a bigger house, with a nicer car and more luxurious holidays.

    Very much depends where you live too given that housing is presumably most people's main expenditure and some areas are miles more expensive than others.
    #19
    sillynarbie
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    Re: comfortable salary? 2014/11/04 00:08:53 (permalink)
    Depends where you wanna live.
     
    If you want a flat in a reasonably nice area (i.e. not Peckham) in London, want to eat well, go out for drinks/meals a couple of times a week with friends, buy nice clothes and other bits and bobs and go on a couple of exotic holidays each year then you need £100k gross a year IMO.
     
    Anywhere else in the country 50k will be enough.
    #20
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