LiamGTR Posted October 21, 2010 Share Posted October 21, 2010 Been asking this recently and got answers from £15k/£60k ... LOL! For example, how much would you have to earn to have:- A nice 2/3 bedroom house (maybe with a garage?)- A nice car- A dog (pet)- 1/2 children (when I reach 30+)- Spare money to go out with mates/treat the other half on weekends Discuss Link to comment Share on other sites More sharing options...
sidrick Posted October 21, 2010 Share Posted October 21, 2010 (edited) 40k if you have a 2 kids(deduct 7k per kid if you don't). This assumes your partner is earning an okay full time wage as well. It obviously varies hugely depending upon where in the UK you live. Edited October 21, 2010 by sidrick Link to comment Share on other sites More sharing options...
MarkyMark Posted October 21, 2010 Share Posted October 21, 2010 (edited) Been asking this recently and got answers from £15k/£60k ... LOL! For example, how much would you have to earn to have:- A nice 2/3 bedroom house (maybe with a garage?)- A nice car- A dog (pet)- 1/2 children (when I reach 30+)- Spare money to go out with mates/treat the other half on weekends Discuss My life is pretty much what you describe, 3 bed semi, detached garage, 2 kids, 3 pets. Most if not all my spare money goes on the kids, occasionally going out for meals etc, to do this without worry i need to be earning around 30K a year. I can get by on less but its a bit depressing, been scraping by for about 3 months since being made redundant and its utter shite, £60 a week Jobseekers allowance doesn't even cover the mortgage but you just gotta keep plugging away Edited October 21, 2010 by MarkyMark Link to comment Share on other sites More sharing options...
LiamGTR Posted October 21, 2010 Author Share Posted October 21, 2010 Fuuuuuuuu Looks like I need a new job, or a promotion! Link to comment Share on other sites More sharing options...
sidrick Posted October 21, 2010 Share Posted October 21, 2010 Fuuuuuuuu Looks like I need a new job, or a promotion! Depends on the person's definition of comfortably though. Mine would include a family holiday every year at circa £2k, but others might not care about that. If you had the looks, I'd suggest trying to snag a rich cougar, but sadly..... Link to comment Share on other sites More sharing options...
shawdreamer Posted October 21, 2010 Share Posted October 21, 2010 roughly Id have to say between 38k - 42k myself thats a 3 bed house1-2 cars (one often being new)1 disabled child1 dog5 cats1 moaning wench that refuses to allow me to buy that lock-up Ive had my eye on for monthes Link to comment Share on other sites More sharing options...
Craig855S Posted October 21, 2010 Share Posted October 21, 2010 I earn just under 29k and since im saving at least 400 quid because of the RAF house i'd say you need to be on at least 5-6K more than that to live comfortably (and NOT in southern england, some places you can find a mortgage for 600 a month on a house id be happy with) Thats with 2 kids and 1 car, and a wife who is a homemaker Link to comment Share on other sites More sharing options...
SteveB Posted October 21, 2010 Share Posted October 21, 2010 It really depends where you want to live. I live down south in a 3 bed terraced house with garage worth about £250k, but the same up north is probably half that. My dad's 2 bed cottage in Yorkshire is worth about 90K. I worked it out for my son about a year ago that to buy a house like mine he would need 15K take home just to pay the bills, so I would say at least 32K for what you want down south, and maybe 25K up north. Link to comment Share on other sites More sharing options...
MarkyMark Posted October 21, 2010 Share Posted October 21, 2010 Fuuuuuuuu Looks like I need a new job, or a promotion! Depends on the person's definition of comfortably though. Mine would include a family holiday every year at circa £2k, but others might not care about that. If you had the looks, I'd suggest trying to snag a rich cougar, but sadly.....I've not been on holiday for 4 years so add another 2K as sid says to the total, i bought my house just before the market boomed so my mortgage is alot less than most peoples which brings my total down a bit. Link to comment Share on other sites More sharing options...
LiamGTR Posted October 21, 2010 Author Share Posted October 21, 2010 Hmm, maybe I will take away that one kid, haha Link to comment Share on other sites More sharing options...
sidrick Posted October 21, 2010 Share Posted October 21, 2010 Hmm, maybe I will take away that one kid, haha I always thought I wanted to be married circa 27 and start a family by 30, but it's not the done thing anymore, largely due to house prices. My family home when I moved into it in 1994 (4 bedroom semi in a nice area) was about 92k. My girlfriend's flat (small 1 bedroom in a not very nice area) cost about 92k last year :| It's sick. Link to comment Share on other sites More sharing options...
caled Posted October 21, 2010 Share Posted October 21, 2010 Hmm, maybe I will take away that one kid, haha I always thought I wanted to be married circa 27 and start a family by 30, but it's not the done thing anymore, largely due to house prices. My family home when I moved into it in 1994 (4 bedroom semi in a nice area) was about 92k. My girlfriend's flat (small 1 bedroom in a not very nice area) cost about 92k last year :| It's sick. Not that bad, my parents bought their house in 1983 for ~£37k, its now on the market for £275k.Not a bad markup. As far as the topic goes, I'd like to point out that it's not just money that's the main concern - job security is a big factor in my view. The nature of the work that I did means that 3 year or less contracts are the norm, which plays hell with future planning as i have no idea where the next job is coming from. It sucks. Link to comment Share on other sites More sharing options...
scottg17 Posted October 21, 2010 Share Posted October 21, 2010 im on 18.5k just now, im still at homeget about £1300ish after tax ect£140 on digs£188 on the car£120 on insurance£40 on my phone£100 on a loan thatll be paid soonish I reakon i could afford to rent a place just now, circa 400 ish a month up here on a 1/2bed flat private let and then the bills on topI wouldnt call it comfy but if it were in the same town as i work i woudnt be using the car as often so ill be saving on fuel Id say a single person with not alot of outgoings could rent a place and live fairly comfy on 20-22k a year Link to comment Share on other sites More sharing options...
Martin Posted October 21, 2010 Share Posted October 21, 2010 I reckon 2 adults and kids up here would need a combined income off 42k to be comfortable Link to comment Share on other sites More sharing options...
caled Posted October 21, 2010 Share Posted October 21, 2010 There was a report a while ago that suggested that for the average family to not have to worry about money, they would need to be earning ~£63k a year between them. I'll try and dig up that report. Of course, theres a difference between 'coping', 'comfortable' and 'I haven't checked my bank balance in months'. Link to comment Share on other sites More sharing options...
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