comfortable salary

Knubje said:
A comfortable salary is roughly paying no more than 1/3 of your total income on rent/mortgage.

This doesn't include gas, eleccy, water, council tax.

Anything else is a luxury or an extra. Such as house phone, sky tv, broadband, mobile contract etc.

I would try ensure that after everything leaves my account all bills and such I have at least 40-50% of my income free for spending/saving.
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That works quite nicely for me.

I only earn £900 a month (part time) but then I share a flat so only pay £300 rent.

I always have enough for food, bills, car & going out.

It's just that I have nothing left once I paid for all those things. :p
 
rypt said:
No, but it depends on what one views as comfortable ... as one earns more, one tends to also spend more on luxury goods, such as better/fancier foods, etc.
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I have to say that some of my habits have changed as I've earned more but my wife and I still tend to budget well and keep the increased spending in check, well apart from our addiction to cycling and my Apple addiction that is! :D

That's the problem with this thread. Comfortable is too vague a definition as it will vary from person to person. If I got a job paying 80k a year or something then the definition of comfortable may change. However people tend to place too much emphasis on having things as a yardstick of being comfortable.
 
I got about 9K total last year from student loans, grants and working. I lived comfortably paying for everything myself.

Thats renting a house and paying shared bills, going on holiday twice, eating nice food and lots of it (I'm a decent cook), going out once or twice a week, buying a high end gaming PC, and still having enough to put some money in savings and stocks.

Its alllll about how you spend it :p Most of my friends think I'm much better off than I actually am.
Though I don't have a car, that makes things a hell of a lot cheaper.
 
DAIR said:
How much do you think one would need to earn (per year) to live a comfortable (not rich) lifestyle?

No doubt your figures will vary from location to location.

I'm thinking about the £30k for someone living in or around London.
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30K ? LOLOLOLOL

If you want to rent a shared room and live like a student - or try renting a bedsit/1 bedroom in a dubious area.... perhpas 30k is sufficient.

More like 75k + if you want to live comfortably in London (at least within zone1/2) - assuming you're single and living comfortably means being able to buy a modest 1/2 bedroom flat not located in a ghetto and wish to drive a car, go on holidays and go out at weekends...
 
Depends if you have kids or spend a lot on rent/mortgage. If you don't, you can live it up on even a modest salary.
 
the_chicco said:
My issue is tax, it is ridiculous. One of the main reasons I am planning to live abroad. I get raped for nearly £4k a month!
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You have an income of about £150,000 a year and you expect sympathy for financial hardship?

My suggestion is that you rub your genitals with Deep Heat instead. Or, as this is GD, I'll let you off with mustard.
 
Freefaller said:
I'm a single bloke and get on very well with a similar amount living in SW London. I suppose it depends on how much frivolity you enjoy.
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Buying a 1-2 bed flat in zone 1 or 2, running a car, going out on weekends and taking a foreign holiday once or twice a year. IMO that would be pushing it a lot on 45k.

You're looking at £300 a week just to rent a reasonable 1 bed in a nice part of London.
 
dowie said:
Buying a 1-2 bed flat in zone 1 or 2, running a car, going out on weekends and taking a foreign holiday once or twice a year. IMO that would be pushing it a lot on 45k.

You're looking at £300 a week just to rent a reasonable 1 bed in a nice part of London.
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Ah zone 1-2, well London's a big place - you don't have to live in zone 1-2. £300 a week for rent is a little on the high side.
 
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