How much do you need to earn these days for decent life???

[Kris]

http://www.rightmove.co.uk/property-...ludeSSTC=false

Houses in Gwent can sell for £35,000. That's £140 a month. Council tax would be about £100 a month. Food - if just you, you could easily eat for £40 a week or £160 a month. £400 a month.

Water rates £50 a month
Electricity and gas, about £80 a month.

£530 a month. Add in house insurance, and a bit for a rainy day, and for £600 a month you could be buying a property in Gwent, eating and living in warmth.

Everything else is, frankly, a luxury. So, it's open to definition of what living comfortably is. I reckon you could live a minimal existence for £8000 per year. And, in 25 years, you'd own your own property. If you could get in a lodger, you could feasibly charge £100-£120 a week for rent and you'd be living on less than £4k a year.

You are effing crazy if you think you can live on £8000 a year. Do you really think you can live on £150 pw? You're mad if you think it can be done.

[CCFCPhil]

You are effing crazy if you think you can live on £8000 a year. Do you really think you can live on £150 pw? You're mad if you think it can be done.

£35 a week mortgage
£40 a week food
£12 water
£20 gas and electric

£107 a week will pay for all that.

[Kris]

£35 a week mortgage
£40 a week food
£12 water
£20 gas and electric

£107 a week will pay for all that.

What about Council Tax? House insurance. Travel costs. Furniture. £150 a week, what an exaggeration.

[CCFCPhil]

What about Council Tax? House insurance. Travel costs. Furniture. £150 a week, what an exaggeration.

Council Tax will add £20 a week. House insurance a couple of quid a week.

Travel - you can walk to the shops.

I'm assuming you already have furniture.

[goats]

£35 a week mortgage
£40 a week food
£12 water
£20 gas and electric

£107 a week will pay for all that.

Surely the average mortgage is around £500 per month, maybe more?
£200 c tax
£200 gas and leccy
Water £40
Tv bb phone £80
Insurance etc 100
Food £4-500

Guess getting mortgage free is the big one, fancy mobiles like do u need one? Gym subs etc, clothes, cars, eating and drinking out, holidays are all luxuries that change per person, some do none some seem to blow it all every month whatever they earn.
A guy I know, good job, £70k, buys big house in Cyncoed, cars, 2 grand mountain bikes, kids, can't even pay his own tax bill, goes back to daddy fir it....I find this bizarre the need to blow it all....