Average Salary/Good Salary

Just about to start training on 12,000 tax free with accom provided, which seems ok and should give me some savings.

How much do you guys reckon a year you need to spend on luxuries and just general living, exlcuding a car and housing and be able to live fairly nicely, £12,000 at a max?
 
inferno said:
Just about to start training on 12,000 tax free with accom provided, which seems ok and should give me some savings.

How much do you guys reckon a year you need to spend on luxuries and just general living, exlcuding a car and housing and be able to live fairly nicely, £12,000 at a max?
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Where?
 
When i finish my NVQ3 hopefully i should be earning £24k on the industrial side of electronics, with weekend work as well im told i can probably earn £4k depending on how much i do.

I'd be pretty happy on £20k PA but would want atleast £25k by the time im mid to late 30's.
 
inferno said:
Just about to start training on 12,000 tax free with accom provided, which seems ok and should give me some savings.

How much do you guys reckon a year you need to spend on luxuries and just general living, exlcuding a car and housing and be able to live fairly nicely, £12,000 at a max?
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At the moment in Central London, excluding rent and car £15k ish would be acceptable for lifestyle for me.
 
People really need to learn what average means.

I would've said <£22k was the average. Put it this way, of all my friends in my age group (18-25) no one by me earns more than that, not even close.
 
inferno said:
Just about to start training on 12,000 tax free with accom provided, which seems ok and should give me some savings.

How much do you guys reckon a year you need to spend on luxuries and just general living, exlcuding a car and housing and be able to live fairly nicely, £12,000 at a max?
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No such thing as tax free :p Are you sure that's not after tax wage with benefits included?
 
Some of these numbers are beyond ridiculous. In Scotland, you can definitely live comfortably on £30k, in fact, where I went to school, people whose parents earned £50k combined were considered very well off.

It really depends on what sort of lifestyle you want though. I have no interest in designer clothes or overly fancy cars, so I would be more than happy with a household income of £50k. If you're more into the material stuff, then you obviously need a higher salary.
 
Vixen said:
Some of these numbers are beyond ridiculous. In Scotland, you can definitely live comfortably on £30k, in fact, where I went to school, people whose parents earned £50k combined were considered very well off.

It really depends on what sort of lifestyle you want though. I have no interest in designer clothes or overly fancy cars, so I would be more than happy with a household income of £50k. If you're more into the material stuff, then you obviously need a higher salary.
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Very true. It's ridiculous to ask what kind of salary = a good life.

Luxuries actually cost a very small proportion of most peoples' salaries. However, when you live the same way but a "luxury" is maybe an Xbox 360 game a month and you start earning more, "luxuries" become greater - eg. holidays, designer this and that. This kind of thing has no actual bearing on your quality of living per se, but seems to have taken prominence in todays culture.
 
You can't just say "In London" anymore. I have a friend who owns a flat in Wapping (£350,000 asking price, was evalutated last week, and has £4,500 per annum maintenance fares) earns 6 figures and has enough to live just comfortably. By that I mean he can't afford a holiday, but can afford to come out for a drink/meal a few times a month. Yet I've got other friends earning <£40k who are always off skiing/snowboarding etc. with their families (they are parents,) who live in massive houses in the suburbs. I also know a single mum of one child who earns £18k per year and lives in Island Gardens and doesn't have any worries about money.
 
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Dj_Jestar said:
You can't just say "In London" anymore. I have a friend who owns a flat in Wapping (£350,000 asking price, was evalutated last week, and has £4,500 per annum maintenance fares) earns 6 figures and has enough to live just comfortably. By that I mean he can't afford a holiday, but can afford to come out for a drink/meal a few times a month. Yet I've got other friends earning <£40k who are always off skiing/snowboarding etc. with their families, who live in massive houses in the suburbs. I also know a single mum of one child who earns £18k per year and lives in Island Gardens and doesn't have any worries about money.
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There. That's real life - just the way it is.
 
Dj_Jestar said:
You can't just say "In London" anymore. I have a friend who owns a flat in Wapping (£350,000 asking price, was evalutated last week, and has £4,500 per annum maintenance fares) earns 6 figures and has enough to live just comfortably. By that I mean he can't afford a holiday, but can afford to come out for a drink/meal a few times a month. Yet I've got other friends earning <£40k who are always off skiing/snowboarding etc. with their families (they are parents,) who live in massive houses in the suburbs. I also know a single mum of one child who earns £18k per year and lives in Island Gardens and doesn't have any worries about money.
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Earns six figures, only spends £4,500 on maintenance fees. Where is the rest going?:confused:
 
Jono8 said:
Earns six figures, only spends £4,500 on maintenance fees. Where is the rest going?:confused:
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Maintenence is just to pay for the security guard, and maintenence of lifts, hallways, carpark, garden etc. He still has to pay for his own bills, insurance, etc. etc.
 
Dj_Jestar said:
Maintenence is just to pay for the security guard, and maintenence of lifts, hallways, carpark, garden etc. He still has to pay for his own bills, insurance, etc. etc.
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Oh right.Does he have a wopping great mortgate then?

If he doesnt have a mortgage I still don't see how he cannot be living pretty damn well on six figures.
 
Because he lives in Wapping, which is one of the most expensive areas in the country. His mortgage isn't phenominal. He voluntarily pays £1,500 a month, all he is required to pay is £350 a month.
 
I would think in this current climate any salary is a good salary, regardless of where you are located
 
Depending on where you're living in London I wouldn't want to earn less than 40k as a minimum. But that would be more suburban living rather than being within 20mins of central london.
 
I am not going to comment on the size of my salary because I think 'willy waving' is inherently a flawed pursuit.

You see the problem is that you may think that your willy is quite big, bigger in fact than other people's willies. Once you've waved it around, your satisfaction is quickly lost when someone comes along and waves their much larger willy! So it's better for everyone just to keep their willy to themselves :)
 
The Mad Rapper said:
You see the problem is that you may think that your willy is quite big, bigger in fact than other people's willies. Once you've waved it around, your satisfaction is quickly lost when someone comes along and waves their much larger willy! So it's better for everyone just to keep their willy to themselves :)
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:D
 
before i lost my job recently i was on a £14,500 basic + comission + half year bonuses + yearly bonus. Probabally without doing much work i would be on 16,500 - 17,500. Thats in North Yorkshire, i was still struggling living at home, but that is what happens when you get credit cards when you turn 18!

I believe a good salary to be 18k, and an very good salary being £25k. This is based on when i move out with my gf once she qualifies being a nurse earning £19k+, otherwise i would say minimum to live on own is £30k+
 
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