What is a good salary?

[halfmist]

Over 65 yes but isn't that vastly lower than the living wage

It has been a while since the State Pension can be claimed at 65

 

[BlueHammer85]

It depends on so many factors, age, personal circumstances and lifestyle have such an impact.

I am lucky that I have gone through the tough times and come out of the other side and am now debt free, I have worked out that all of my monthly bills come to just under £700. I allow £1300 a month for everything else so £2k a month sees us through.

I feel for people now when i hear about £1000 a month mortgages and £500 a month car payments.

My mortgage will go from £1100 to £1500 from December

 

[Johnny Mars Bar]

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.

You spend 3 grand a month maintaining your house? What the fuck do you do, brick your own windows and piss through the letterbox every Friday night?

 

[snorky]

You spend 3 grand a month maintaining your house? What the fuck do you do, brick your own windows and piss through the letterbox every Friday night?

If I lived next door I would. :)

 

[Uncle Wally One Ball]

As the title says. Based on living in UK, outside of London. Not a dick swinging contest or to say how much you earn.

I'd say I could live off 30k and have an okay life, I've managed it on a lot less. But nowadays I'd say minimum 60k if you want a nice house, take kids to decent activities, and have a couple of holidays a year.

Is that between a couple or singularly earned?

 

[denislawsbackheel]

It's the people on fixed incomes like pensioners that will suffer whilst inflation busting payrises fuel further inflation.

Eh?
I’m a pensioner.
Got a 10.1% increase this year.

 

[PragueBlue]

I'd say £50,000 household income if you have kids and want a house, 2 cars, couple of holidays a year etc.

 

[Two Gun Bob]

Cut your cloth accordingly.

 

[meltonblue]

I am afraid so. Poll tax, insurance, heat and light, gardening, security, general maintenance easily exceeds that.

Wow, fair enough, intrigued to see your house now!

 

[Kompany Car]

Surely the answer somewhere should also depend on if you have sons or daughters. If the answer is sons then the figure you think is about right will be fine, if you have daughters, double the figure and add a bit for good measure.