Grand a month might cover bills, food is expensive if you like to eat well, 2 grand, 4? Holidays??
Never mind kids.....
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Grand a month might cover bills, food is expensive if you like to eat well, 2 grand, 4? Holidays??
Never mind kids.....
70k isn't it?
In Cardiff I reckon 60 - 70K would do it
Don't fill your life with materialistic crap and nowhere near as much as you may think
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.
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....
It may have been better if the OP had asked how much disposable income is required for a decent life. After all, those who own their home outright don't have the essential expenditure of servicing a mortgage or paying rent. And what constitutes decent? For a good many it must include at least one holiday each year, while for others' it's no big deal. Few would contend a holiday is a necessity. As one gets older one realises that good health trumps bling of all descriptions.
A mate of mine retired at 60, he owned homes in Wales, Spain and Florida, had a tidy sized yacht and plenty of dosh to keep him comfortable in his retirement. He died last year aged 62.
It would still be a good life in comparison to some around the world. Which means that "decent" life is arbitrary.
The question, really, should be "how much do you spend on luxury items that you feel you can't live without?". It's materialism, and every body wants different things.
I know young folk earning 30k to 40k with kids who find it tough, ie no free cash , however there is a new "tough now " , tough now includes having a car maybe two , high end mortgage in a nice area , £30 pounds a month mobile contracts x 2 , subscriptions,must have two holiday a year. ,I'm not critical ,just seems that the new poor have a lot more than I can remember poor having in the late 60's and 70's , interestingly back then buying consumer goods and day day shopping was expensive , as you had no real big supermarkets selling cheaper clothing for the kids , and no access to credit cards ,and benefits and state aid was hard to come by .
A decent life = the living wage. The real one that is.
An enjoyable but not extravagant live? 25-35k?
big money...
What is a decent life???
I'm sure Maslow's heirarchy of needs has been trotted out on here many times, but maybe it's worth a bump:
Mazlow.jpg
I'm still in my thirties, so it's the top triangle which occupies every waking hour so as to have a 'decent' life. I have a great sense of belongingness being on the fringe of the clique. I should add that we have five dogs.
Last edited by Cyclops; 30-04-17 at 10:02.