Is it much to earn 2000 pound per month and have addition income from rent (lets say 500) if
1) you live alone
2) you keep a family (3 people)
2006-09-09 10:04:40 · 15 answers · asked by Tanusha 2 in Business & Finance ➔ Personal Finance
Well, probably not "much" but is it "enough" for comfortable living?
2006-09-09 10:08:33 · update #1
It is not a lot to support a family with a decent standard or living. You would find if difficult to buy a property in the South East of England with that level of income (1 or 2 bedroom flat in some parts but not in London). In other parts of the country where accommodation is cheaper it would go further. In SE England to rent a room could be £250-£300 per month & to rent a small flat would be £400-£800 depending upon the area
2006-09-09 10:19:55 · answer #1 · answered by Frank M 3 · 0⤊ 0⤋
it totally depends on your incoming / outgoing balance.
its all good and well earning loads but if your spending loads too it amounts to the same as a low income.
my partner supports both himself and I and our 3 children all under the age of 5 and also 4 dogs.
We however where crap with money and it would mostly be gone within 2 weeks of getting it, and the last 2/3 weeks of the month would be tight.
we have since realised that we must be more strict with the money and not squander it on frivilus stuff this is the first month we have tried our methods out and already we are feeling a big change for the better.
For reference he brings home £3000 per month - take home.
2006-09-09 17:16:23 · answer #2 · answered by jk447388 2 · 0⤊ 0⤋
Everything depends on whether or not you have to pay rent/mortgage out of your £600 per week. It sounds a lot but Gas/electricity would be £60pm. Council Tax £150pm. Petrol £5 per gallon. Insurance home/car £75 - £100.pm. Rail/Tube ? Inner City could prove expensive, Outer London less in some sense but travelling expensive if working Inner. All in all living alone - you should be comfortable. A family of thee - tight.....
2006-09-09 17:14:47 · answer #3 · answered by thomasrobinsonantonio 7 · 0⤊ 0⤋
£500 a week is quite a lot for a single person to earn, considering the minimum wage is only about £5 (not exactly sure but it's around that much).
But you'd want that much at least really, to live comfortably . . . .
2006-09-09 17:13:49 · answer #4 · answered by Gardenclaire 3 · 0⤊ 0⤋
Apparently the average salary in the UK is a little over £20,000 a year, so those numbers put you above average.
2006-09-09 17:09:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The average UK salary is £22,2481 gross
So you will be well over that.
How much over depends if the amount you quoted is gross or net
2006-09-09 17:15:03 · answer #6 · answered by kamviag 2 · 0⤊ 0⤋
It depends what your outgoing expenditure is, e.g. how much is your mortgage / rent, and elec / gas bills etc. So long as what you have going out is less than what is coming in, you're doing all right.
2006-09-09 17:08:18 · answer #7 · answered by Jude 7 · 1⤊ 0⤋
They say the average UK annual salary is £20,000 - bullshit Im on £13,500 annualy in the DVLA, full time.
2006-09-09 18:45:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
For that I would drink like a Lord and swear like a trooper, I would eat, drink and be very merry. OK.
2006-09-09 17:12:27 · answer #9 · answered by Anonymous · 1⤊ 0⤋
I would say that should be enough, yeah. Why, you after working tax credits?
2006-09-10 03:02:42 · answer #10 · answered by Phlodgeybodge 5 · 0⤊ 0⤋