What is a "good" salary?
Discussion
Im 24 and I earn above the national average but still I find it hard to cope on my wage a lot of the time. I dont have an extravagant lifestyle and go out for meals about once a Month maximum. I just wonder how people get buy who earn less than me and have kids etc.. In your opinion what is a good salary for a 24 year old?
Not a very helpful answer but how long is a piece of string?
It's so dependent on factors such as where you live and work, what industry in, what level you are educated to and so forth that there is no "right" answer.
At age 24, I had just about qualified and was earning (from dim and distant memory) around £21K (that was in 1996). If you're earning more than the national average, I'd say you're doing OK.
It's so dependent on factors such as where you live and work, what industry in, what level you are educated to and so forth that there is no "right" answer.
At age 24, I had just about qualified and was earning (from dim and distant memory) around £21K (that was in 1996). If you're earning more than the national average, I'd say you're doing OK.
answer the OP question....at 24 if you earn between 30-40 thats good 40-50 very good over 50, excellent.
when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
Tiggsy said:
answer the OP question....at 24 if you earn between 30-40 thats good 40-50 very good over 50, excellent.
when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
Oh Dear, Im below good then!when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
What do you do to earn £100k at that age?
Luke
I'm just 25 and bring home 28k a year, guttingly my wife brings in 34k pa. With a combined income of over 60k and a mortagage of 160k, 2 cars, no kids, and a "normal" lifestyle (holiday 1xpa, eat out 2x a month etcetc)we still struggle... infact i'm looking at bills right now scratching my head thinking "how the feck am i going to make that work!"
I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
I try and not worry about it now.
I soon will have friends that will earn far more and far less than me.
At 21 I am happy to bring home something that is worth in excess of 30k, always remember the package
, I get a car for practically free which accounts for a decent chunk of cash each year.. However for reasons including rent, debt etc I don't have a vast amount spare.
I soon will have friends that will earn far more and far less than me.
At 21 I am happy to bring home something that is worth in excess of 30k, always remember the package
, I get a car for practically free which accounts for a decent chunk of cash each year.. However for reasons including rent, debt etc I don't have a vast amount spare. GingerWizard said:
I'm just 25 and bring home 28k a year, guttingly my wife brings in 34k pa. With a combined income of over 60k and a mortagage of 160k, 2 cars, no kids, and a "normal" lifestyle (holiday 1xpa, eat out 2x a month etcetc)we still struggle... infact i'm looking at bills right now scratching my head thinking "how the feck am i going to make that work!"
I'm scratching my head wondering how the f
k can it not work??!! Granted i earn more but my mortgage is more. We have an 18 month old, 2 cars etc. The only thing out of your list that we don't do is holidays(as i can't). The phrase you live to your means is certainly true i guess.GingerWizard said:
I'm just 25 and bring home 28k a year, guttingly my wife brings in 34k pa. With a combined income of over 60k and a mortagage of 160k, 2 cars, no kids, and a "normal" lifestyle (holiday 1xpa, eat out 2x a month etcetc)we still struggle... infact i'm looking at bills right now scratching my head thinking "how the feck am i going to make that work!"
I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
That must be £3750 net of tax per month - your mortgage cant be more than about £800pcm. How do you not live?!I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
soprano said:
GingerWizard said:
...a mortagage of 160k...
...your mortgage cant be more than about £800pcm...As GWiz said though, it is a balancing act and you do indeed live to your means.
Just wish I had a wife who earned £30k as well as me. Actually scrap that. I had a wife once and getting shot of her cost me a fortune...
Dover Nige said:
soprano said:
GingerWizard said:
...a mortagage of 160k...
...your mortgage cant be more than about £800pcm...As GWiz said though, it is a balancing act and you do indeed live to your means.
Just wish I had a wife who earned £30k as well as me. Actually scrap that. I had a wife once and getting shot of her cost me a fortune...
company car, so anything goes wrong it is a phone call to fix, never have to pay for car parking at work as I work on site and the client pays for it 
house has new bathroom, kitchen and central heating a few years back, but needs a service on the boiler, think that was 3-4 years old ?
outgoings usually less than salary and so not an issue
house has new bathroom, kitchen and central heating a few years back, but needs a service on the boiler, think that was 3-4 years old ?
outgoings usually less than salary and so not an issue
soprano said:
GingerWizard said:
I'm just 25 and bring home 28k a year, guttingly my wife brings in 34k pa. With a combined income of over 60k and a mortagage of 160k, 2 cars, no kids, and a "normal" lifestyle (holiday 1xpa, eat out 2x a month etcetc)we still struggle... infact i'm looking at bills right now scratching my head thinking "how the feck am i going to make that work!"
I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
That must be £3750 net of tax per month - your mortgage cant be more than about £800pcm. How do you not live?!I have found its managable but the pressure has certainly been turned up in the recent economic climates. Makes me sick when i see my mates living with M+D and winging about being skint.... how? How i ask!
In my expirence you always live beyond your means, it's just a balancing act...
GWiz
(P.s don't get credit, it makes it worse.....)
Gwiz
As previously said, its difficult to say whats a good wage as eevryone is differently.
When i was at school (im only 21 now) i decided that a good wage would be:
£15,000 @ 19 yearsold
£22,000 @ 22 years old
£28,000 @ 25 years old
£30,000 @ 28 years old
I never in my wildest dreams would've thought i'd have smashed all of them targets at 21 - well i have and i live more than comfortably with my girlfriend and her two kids.
When i was at school (im only 21 now) i decided that a good wage would be:
£15,000 @ 19 yearsold
£22,000 @ 22 years old
£28,000 @ 25 years old
£30,000 @ 28 years old
I never in my wildest dreams would've thought i'd have smashed all of them targets at 21 - well i have and i live more than comfortably with my girlfriend and her two kids.
skywalker11 said:
Tiggsy said:
answer the OP question....at 24 if you earn between 30-40 thats good 40-50 very good over 50, excellent.
when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
Oh Dear, Im below good then!when i was 24 all the guys i worked with were making 100k + and we were always broke....my brother made £20k and always had some spare! I suppose the same applies to those on 10k....sensible head on and you can get by.
What do you do to earn £100k at that age?
Luke
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