What is a good salary?

[BimboBob]

Live within your means. Enjoy what you have. It's a very short life. To short to be worrying about how much you need/earn.

 

[Kippax Street 1880]

Depends on your expenses and responsibilities. If the mortgage is paid off and you don't have kids to feed then 20k is probably decent. Big house 2 cars, wife doesn't work, ex wife wants child support etc etc 4 times that might not be enough

 

[Trevor Morley's Tache]

The question is dependant on what you ared doing to earn your salary and your lifestyle/location/outoings/needs.

Obviously £20,000 grand for a high pressure, long hours job as a single earner with a wife and kids is a crap salary. Conversely, a £40,000 salary for a 38hr week with little or zero responsibility, living at home with your parents is a pretty good deal.

 

[geoff hammond]

Thirty years ago I could have done with having the income I have now.
Whereas now, I could probably make do with salary I had then.

 

[I'm With Stupid]

Just had a quick look on rightmove, and the cheapest 3 bedroom house for rent in Manchester was 950 a month and says in the advert that it requires a minimum income of 28,500 to pass the affordability checks. Cheapest 2 bed is 775, so that gives you a rough idea. Both unfurnished.

 

[stonerblue]

Feta and romato but it has to be in greece

 

[Tuearts right boot]

Me and the Mrs run a smallish business and do on average 3 - 4 days a week, I do more when I can as it keeps me out of her hair....We finish mid afternoon, no commute, 60 seconds away, no stress, great staff and very good customers. No mortgage since 2000, kids grown up and buggered off, nothing on tick and everything paid for. Well I say everything paid for, we do have a BTL type mortgage with about £40k to pay off on a holiday rental which we go to most winter weekends. We dont go short, we dont struggle either and dont spend a great deal but I'm sure we could find room for a larger salary but at my age I've stopped taking on the world in the vain hope of winning and spend my time just fucking about doing blokey things. We do this on about £50k between us.;

 

[Magicpole]

Since we are in this line of thinking, anybody worked out how long that piece of string was?

 

[halfmist]

There are so many factors to take in to consideration as others have pointed out. No matter how much anyone earns they will always say they need more. I am in retirement with no debt, no kids and a wife not keen on spending money. On average I need a take home spend of around £6k per month but I would say around 1/2 of that goes on running/maintain my house which will make it easier to sell when we decide, if ever, to downsize. When ever I look on Rightmove at houses for sale when it shows a monthly payment which has to be paid out of taxed income, for what is an average house, I think Christ how can a family with other commitments afford to buy that.

 

[aguero93:20]

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