Year 12s: what will be the first way you research your future options? >>

How much would you like earn a year (what would you be happy with?)

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Reply 100

Dopesmoker

What I earn now: £100k+ year

Anything less than that and you're a peasant

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Reply 101

Dopesmoker

Original post by Reue

When I left uni, the average graduate salary was £21.5k.. so I considered anything above that to be good. As it was.. my first full time job paid £15.5k and I had loads of disposable income.

Yh I'm sure you did....living like a peasant in medieval britian

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Reply 102

Reue

Original post by Dopesmoker

Yh I'm sure you did....living like a peasant in medieval britian

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What?

Reply 103

DK_Boy12

Original post by Dopesmoker

Yh I'm sure you did....living like a peasant in medieval britian

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It's called good budgeting xD Look at my post on the beggining of the page.

Reply 104

TheOneMusketeer

Original post by SophieSmall

I don't see how that isn't achievable on 30k unless you have high rent.

My brother is on 25k and can afford all those things you mentioned though more in the middle of 600pcm savings, as well as a holiday if he fancies. Though he's not been on one in a while, for different reasons.

You mean 25k after tax. £25k gross is like £1.6k a month.

How high is "high rent"?

Reply 105

Dopesmoker

Original post by Reue

What?

I am saying you're neglect to mention the fact that the only way you would have lots of disposable income on that salary is because you likely had no life / spent any money at all.

Reply 106

Reue

Original post by Dopesmoker

I am saying you're neglect to mention the fact that the only way you would have lots of disposable income on that salary is because you likely had no life / spent any money at all.

Neither.

I had well over £500 a month spending money, and lived with 2 of my best friends. Both the finances and social life were very healthy thanks :smile:

Reply 107

Dopesmoker

Original post by Reue

Neither.

I had well over £500 a month spending money, and lived with 2 of my best friends. Both the finances and social life were very healthy thanks :smile:

The only way that's possible is

a) You budgeted life a mothaf***er, and bought the cheap version of literally everything
b) You lived somewhere where cost of living is low and 15k is decent

Reply 108

SophieSmall

Original post by TheOneMusketeer

You mean 25k after tax. £25k gross is like £1.6k a month.

How high is "high rent"?

No he is on 25k pretax.

Well I'd personally say paying anything more than 6-700 a month is highish rent anything above that I think is silly (though bare in mind not talking about a family living a 5 bed house, this is 2-3 bed places at most), but then I live up north. My brother pays £450 a month and has a lovely 2 bed house in a cul de sac

(edited 8 years ago)

Reply 109

Reue

Original post by Dopesmoker

The only way that's possible is

a) You budgeted life a mothaf***er, and bought the cheap version of literally everything
b) You lived somewhere where cost of living is low and 15k is decent

£15.5k is £1,135 per month
Rent was £850 a month + bills. Split 3 ways and that's about £400 each.
Food for say £200 a month leaves over £500 spending cash.

Hardly extreme budgeting or low cost living area.

Reply 110

username1539513

I'd be more than happy on £30,000 a year to be honest

Reply 111

SophieSmall

Original post by Reue

Neither.

I had well over £500 a month spending money, and lived with 2 of my best friends. Both the finances and social life were very healthy thanks :smile:

lol don't bother he obviously trying to get a rise out of people, in his original post anything below 100k is for peasants.

Reply 112

Etomidate

Original post by SophieSmall

No he is on 25k is pretax.

Well I'd personally say paying anything more than 6-700 a month is highish rent anything above that I think is silly (though bare in mind not talking about a family living a 5 bed house, this is 2-3 bed places at most), but then I live up north. My brother pays £450 a month and has a lovely 2 bed house in a cul de sac

You would struggle to rent a 1 bed crackden for £450pcm where I am and I'm not anywhere especially expensive.

Reply 113

SophieSmall

Original post by Etomidate

You would struggle to rent a 1 bed crackden for £450pcm where I am and I'm not anywhere especially expensive.

Well clearly I disagree with your opinion on what is and isn't expensive then.

Reply 114

✠ ☢ ✠

£40k+ by the time im 30
£60k+ by the time im 40
£80+by the time im 50

Reply 115

Dopesmoker

Original post by Reue

Your rent was £65 per week per person?

Ah so I was right, you lived somewhere where 15k is decent.

Reply 116

shamika

Original post by SeanFM

£52,067

Anything past that is great.

Those figures are out of line at the lower-mid range in my line of work.

Spoiler

Reply 117

Reue

Original post by Dopesmoker

Ah so I was right, you lived somewhere where 15k is decent.

Reading?

Yup.. certainly not one of the UK's most expensive places to live. Oh wait :rolleyes:

Reply 118

jamesthehustler

i can live for the first few year on only £10,000 a year after tax but say 15 years down the line then i would want to aim for £150,000 per year which is easy in the trade with the rise in prices of hard held precious metals and the fluctuation in diamonds

Reply 119

Dopesmoker

Original post by ✠ ☢ ✠

£40k+ by the time im 30
£60k+ by the time im 40
£80+by the time im 50

lol at all the people who have made posts like this one.

You do realise that for most people, pay does not continually go up linearly until you retire. It actually gets to a peak around when you're middle aged (40-50) and then it stays flat (or even declines). See chart on this page:

http://www.telegraph.co.uk/finance/personalfinance/10943604/Workers-reach-26000-earning-peak-at-age-38.html

I'm an investment banker and even though my salary goes up by tens of thousands of pounds every year, even bankers dont have continual salary progression.