What is a good salary?

[oldius]

What about alcohol, entertainment, transport, clothing, sky, mobile, holidays etc

Oh, I agree, but I gave an essential starting point.
That starting point, with no 'luxuries' whatsoever, commands a salary of 24k. Just paying for the average house and a very average set of bills with NOTHING else.

 

[dickie davies]

Oh, I agree, but I gave an essential starting point.
That starting point, with no 'luxuries' whatsoever, commands a salary of 24k. Just paying for the average house and a very average set of bills with NOTHING else.

After tax and NIC, it's a salary in excess of £30k, so with a car, holiday, clothes, house repairs, pension contributions etc we're now in the realms of £45k and we've not taken into account any children

 

[halfmist]

Oh, I agree, but I gave an essential starting point.
That starting point, with no 'luxuries' whatsoever, commands a salary of 24k. Just paying for the average house and a very average set of bills with NOTHING else.

My old mum,God rest her Soul used to have a saying, when I was building my business up, make sure you work to live, not live to work.
I used to have a rule of thumb, when the price of a pint became more expensive in terms of time taken to earn it, rather than drink it,I would give the drink up.
Fortunately over the years I have managed to stay ahead with my earnings.

 

[oldius]

After tax and NIC, it's a salary in excess of £30k, so with a car, holiday, clothes, house repairs, pension contributions etc we're now in the realms of £45k and we've not taken into account any children

Sorry, I had already grossed it up but your point absolutely stands.

 

[west didsblue]

No surprise that when there’s a thread about salaries the usual suspect is all over it boasting about his wealth. Fucking bellend.

 

[RabidCity]

I don't think it is that difficult to make a reasonable starting point on this:

To be able to afford a mortgage on the average UK house - price 270k - repayment 1200 pm (250k mortgage)

Food per month - £300

Utilities and Council tax - 400 a month.

Insurance 100

As a starting point, that is 2000 a month net salary

That is for a single person.

Why would a single person want a £270k house? Nice worse case scenario there.

Realistically those figures should be:
Rent £600 pcm, council tax (band c/d - £150, utilities £100, insurance £30 (small car - 1 driver), food around £150, petrol or transport £100. So that's around £1k without luxuries.

If you have 2 people contributing, affording a larger house and possibly a mortgage is realistic. That or a bigger wage and buy a house yourself.

 

[Scottyboi]

No surprise that when there’s a thread about salaries the usual suspect is all over it boasting about his wealth. Fucking bellend.

I thought it was a sketch!

 

[RabidCity]

A lot of previously comfortable people are now feeling the pinch of inflation. A sharing pizza at Pizza Hut is now £26!
It's affecting those small bits of enjoyment people could enjoy. We have to really cut down on those days out.

 

[The Future’s Blue!]

No surprise that when there’s a thread about salaries the usual suspect is all over it boasting about his wealth. Fucking bellend.

Not sure who you are talking about but when I see that I automatically think of somebody in their 30s, still living in their parents back room, having to pretend something that they are not.

Either way, it’s not a great look.

 

[chris85mcfc]

My old mum,God rest her Soul used to have a saying, when I was building my business up, make sure you work to live, not live to work.
I used to have a rule of thumb, when the price of a pint became more expensive in terms of time taken to earn it, rather than drink it,I would give the drink up.
Fortunately over the years I have managed to stay ahead with my eaearnings.

Half an hour a pint, so probably only need to be earning just above minimum wage to reach that level of earnings!