comfortable salary

[Abraham]

It depends on your end goals as well though, do you want to be paying a mortgage off for the rest of your life, or do you want it paid of asap? Personally I want my current one (£80kish) to be paid off as quickly as possible, which maybe means taking a bit more money than I'd otherwise need to live comfortably.

 

[G-MAN2004]

You are money-driven, good for you, but the desire to earn as much money as possible puts your views on what is 'comfortable' so far in an extreme that it should be excluded from getting a general idea on what comfortable is.

My gf's sister is very work-driven, earns huge amount for a 31 year old, but works 12+ hours days, sometimes 7 days a week. She loves it though, she lives to work.

Me, I value my personal time more than any monetary earning I could ever aspire to, I do plenty of balancing between work effort required, work time required, and earnings.

Which is why this thread is pretty pointless.

 

[randomshenans]

In the area i live in i would suspect that earning 25k a year would give someone a very comfortable lifestyle.

Bledd hit the nail on the head for me, £700+ left per month after essential bills are paid and thats being comfortable.

I'd say that would be pretty comfortable. I would class comfortable as not having to worry each month. Like for me, the MOT on my car is due, and the exhaust decided to implode, I had to tax it last month and pay a speeding fine. I cannot currently afford my MOT and even doing the work myself, without having to miss out on something else. That's not comfortable. So I'd say being able to do things you enjoy, without worry and to be in the position to have things come up (like house issues etc) and not be worried you'll not eat!

For me at the moment about 56750pa would be a good figure. Net me £3k p/m which would be comfortable.

 

[Housey]

You are money-driven, good for you, but the desire to earn as much money as possible puts your views on what is 'comfortable' so far in an extreme that it should be excluded from getting a general idea on what comfortable is.

My gf's sister is very work-driven, earns huge amount for a 31 year old, but works 12+ hours days, sometimes 7 days a week. She loves it though, she lives to work.

Me, I value my personal time more than any monetary earning I could ever aspire to, I do plenty of balancing between work effort required, work time required, and earnings.

Your view is no more or less valid, it's just your view of a subjective.....as I keep saying. You can't stick people into boxes with this one and if you do it will be based on the box YOU feel comfy in so simply your subjective view, no more. Whilst no one NEEDS big money to live a life for one can always get by, to define 'comfy' based on where you are today in your life, where you live today or what you feel is 'about right' is pointless as it's simply based on your definition limited by your own circumstance and experiences.

The answer is, once more, it depends.

 

[Freefaller]

But you see my point? unless your earning bigger money you'll never build up the now almost certainly required 20% deposit (unless you want LOL rates)

I guess my point is fair as long as by 'comfortable' you read 'owning you own home'

if 'comfortable' means putting food on the table, paying the leccy bills, but not saving much if at all and renting with mates (which, I don't doubt is a comfortable life, I was very happy doing the same) then yes, you can cope with significantly less than my figures.

Oh absolutely. To save enough to put money aside for a deposit you do have to earn significantly more. However excluding the money you put aside for it, you should still be able to cope on a "lower" salary. Take the 150k example, that's over 7k a month. If you're used to living with around 2-3k a month that gives you an extra 4k a month, in a year that gives you a potential of 28k of savings.

The issue being is that people live to their means - i.e. their live to what they earn!

If I was saving up for a deposit for a house then yes my salary wouldn't be enough for my luxuries, but I would be able to live, but have less holidays and spend less things on frivolous items! However, I'd still be able to feed myself and pay the bills.

 

[vincent1989]

No, that's just living to work.

no, that's working to live, which for the vast majority of the worlds population means spending every waking moment just trying to put a single meal on the table, or floor depending on if the table was affordable or not.

in the UK we are all affluent in contrast with so many other people it doesn't even bare thinking about, I never need to worry about healthcare, I never needed to worry about an education, I never need to worry if for some reason I'm unable to find work, I don't have to worry about being cared for when I'm old, or starving to death, dying from lack of clean water or not having at least a room I can call home. all this and more is easily accessible in the UK should you chose to make the right decisions, all of this, for 90% of the world, IS LUXURY, anything else is just icing on the cake.

edit: what's more we all have the time to enjoy our luxuries.

 

[Guest2]

no, that's working to live, which for the vast majority of the worlds population means spending every waking moment just trying to put a single meal on the table, or floor depending on if the table was affordable or not.

in the UK we are all affluent in contrast with so many other people it doesn't even bare thinking about, I never need to worry about healthcare, I never needed to worry about an education, I never need to worry if for some reason I'm unable to find work, I don't have to worry about being cared for when I'm old, or starving to death, dying from lack of clean water or not having at least a room I can call home. all this and more is easily accessible in the UK should you chose to make the right decisions, all of this, for 90% of the world, IS LUXURY, anything else is just icing on the cake.

edit: what's more we all have the time to enjoy our luxuries.

Well said, apart from the bit about enjoying luxuries as some people work crazy hours.

People should stop moaning about their 'rubbish' 25k salaries. A single person can easily live and be comfortable in UK on £1000 / per month after tax

Millions get by on benefits and dole, which is around £550 per month (this is just job seekers and housing benefit, no tax help, disability, child credits etc etc)

 

[VFM Addict]

£50k outside London
£65+k in London

+1