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Is 25K enough to live off? Watch

    • Thread Starter
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    Hey, do you think you could live comfortably off £25K per year for a single person?
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    yes.
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    Not for the rest of your life, no.

    EDIT: Oh you changed it to a year, yes then. I think 25K is more than enough for one person in a year.
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    for a single person, very happily.
    for a couple yes.
    for a family yes but with more difficulty.
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    it depends how long for and what your outgoings are and if you have any dependants x
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    Yes.
    • PS Helper
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    No - you'll have to live in a cardboard box, innit

    Proper answer - it's what you do with it that counts.
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    Yes, certainly. It's not enough to support a family, but plenty for a single person of a couple.

    I've calculated the minimum I need to live on at 11 K (Outside London)
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    I live off about £8k per year quite happily. Now, that's without paying council tax and living in a shared house, but those two expenses don't add up to that much.

    The UK median wage is about £21k, so you'd be better off than most, including those with kids to support.
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    As a single person quite happily I'd think :dontknow:.
    Although I'm 19 and no expert lol so this is merely speculation judged off wages people I know get.
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    Just do a simple calculation. Your salary - taxes - local tax - rent/mortgage - bills - food = your wealth. If your salary is 25k, your wealth must be close to 0 even if you are single.

    The rent is about 700 - 1k a month in London (if you live with your friends). If you live by yourself, the rent is 1 - 2k.

    But it's a good starting salary for a uni grad. Some firms only pay like 18k and they expect you to do 60 hours a week.
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    (Original post by Tin)
    YES you whinging moaning British prick...

    there are starving africans whilst we have utter tw*ts moaning about £25,000 a year.
    First, as Farid said. And secondly, until you've spent a bit of time living by yourself, being responsible for your own food, utilities etc and even have a full time job you can't really tell how much it costs to live by yourself. Hell, I think most people take for granted what it costs to live until they have a job, a house etc of their own.
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    (Original post by clungemagnet)

    The rent is about 700 - 1k a month in London (if you live with your friends). If you live by yourself, the rent is 1 - 2k.
    We live 15 minutes from central by tube, in a decent enough area and my dad was planning on charging around £600 a month for a single flat...On the small side but really nice and newly furnished. Maybe he's just a terrible businessman though...
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    (Original post by belligerent ghoul)
    We live 15 minutes from central by tube, in a decent enough area and my dad was planning on charging around £600 a month for a single flat...On the small side but really nice and newly furnished. Maybe he's just a terrible businessman though...
    I suspect the latter, that's seems quite cheap.


    If he wasn't your dad I'd say to find a tenant 'for him' for £8-900 per month and keep the difference!
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    Easily.

    Manage your money so that you set the money you need every month into one account, the rest for fun time into another.
    • TSR Community Team
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    (Original post by MrBean1994)
    Hey, do you think you could live comfortably off £25K per year for a single person?
    Yes, absolutely.
    (Original post by tamimi)
    Yes, certainly. It's not enough to support a family, but plenty for a single person of a couple.

    I've calculated the minimum I need to live on at 11 K (Outside London)
    There are actually loads of families who manage to get by on significantly less than £25,000, even with one or more parents who work.
 
 
 
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