Is 20k a year - Page 4

Blah11 · May 8th, 2009, 10:28 AM

Quote:

Originally Posted by star-dust

Quote:

Originally Posted by Blah11

not being funny but you obviously have to cut back on a lot of things and most people want some £ left over for entertainment, beauty etc etc and dont want to live in a council house. Our mortgage comes to more than 8k a year

and a lot of people have them.

Surprisngly we dont! and your makin out that livin in a council house is bad? My home is brand new, (3 yrs old this month and I have lived in it from day one) on a brand new estate, that is mainly private bar 5 houseing association homes!) I had no choice but to go into this a few years back, If I had my way Id have a mortage but again its livin in cornwall that makes it impossiable! I would love to move awya but hubby wants to be with his family!

We dont have to cut back, but then I have never been one to spend on haircuts or make up or clothes!! We are going to a concert end of this month and making a weekend of it, and so on! it can be done!

I dont want to get into a heated debate, but from what I can see a lot of it is dependant on what part of the country you are in!

I never said council houses were 'bad' but some people want to own the house they live in. Please don't try and make me out to be slagging you off b/c I'm not. I'm just defending myself b/c you made me feel like a bit of a spoilt brat when I said 20k wasn't that much.

star-dust · May 8th, 2009, 11:50 AM

Quote:

Originally Posted by Blah11

I never said council houses were 'bad' but some people want to own the house they live in. Please don't try and make me out to be slagging you off b/c I'm not. I'm just defending myself b/c you made me feel like a bit of a spoilt brat when I said 20k wasn't that much.

Im not slaggin you off I just poss read it the wrong way!!! this is type not speak sometimes hard to put a point accross properly! hence question mark next to my council house comment....I wasnt to sure how to take what you said!

I wasnt making you out to be a spoilt brat, If your used to that high an income and that way of life I can see how anything less may be hard to understnad how it can be done if that makes sense? but when you at the other end of the line on a income of less then half of 20k then you can understand why to us it seems a hugemongus amount!

pinkbow · May 8th, 2009, 12:09 PM

hmmm 20k in one household aint alot but its better than most i guess as its not actually alot per month and outgoings can be around £800...as some1 said depends on your outgoins for rent mortgage and u get no help from anywhere as classd as high income TUT...

OH earns a good wack more than that tbh, and when i was workin i was gettin about 15k but i left recently as was 2 stressful...and we notice a great diff but still plenty to live on... i guess if ur not used 2 havin more it prob wont be that bad jus bein on 20K...

Guess we are lucky OH has such a high payin job...i duno how u ladies cope on 8k or 9k??!! well done lol

Whisper · May 8th, 2009, 12:29 PM

I think £20k for some people is good and for others is not enough.

Truly only you can work out if it is enough, not just for your lifestyle but also for your skills in work and is that a good offer for you?

Abz1982 · May 8th, 2009, 14:06 PM

Yeah it is good, but then remember you will no doubt have to take out childcare from that as 20k would be a FT wage, so childcare will take £500-£600 of that a month, possibly more.

I was on 19.5k before I was pregnant. After deductions I took home £1100 a month. I had to pay out over £600 of that for living expenses - loan/car/phone/rent. If I go back FT I will have a childcare bill for approx 45-50 hours a week, at £4 an hour - £720 a month. And because oh is on 22k an up we would get no tax credits - well £500 a year thats it. But we would still have the 1.5k a month OH brings home, which will just cover our outgoings and food with leaving a small amount left over to put into savings for emergencies and the savings for the baby. But where we live it isn't cheap to live. It costs me £8 return to go 10 miles on the bus to see my parents!

I am going to look for a PT job of no more than 9k a year as that way I will have more time with my child and we will be comfortably off.

kristy87 · May 8th, 2009, 14:10 PM

i firmly believe you live to what you earn.

if your used to low income, you manage, if your used to high income, sometimes its hard to scrape by, but you defo live to what you earn xx

lesleyann · May 8th, 2009, 15:55 PM

i wish my OH earned 20k... Is that before or after tax though ?

We live on 14k Before tax and the only help we get currently is housing benefit

Conkers · May 8th, 2009, 16:28 PM

Depends on what your outgoings are, lifestyle etc.

Between the two of us we probably bring home around £19K a year after tax, nat ins, pension contributions etc. We manage to pay all our bills (although some months its harder) and the kids have nice clothes and toys but there is not usually anything left over for luxuries for us two. We do have a lot of outgoings a month as I agree you live to what you earn - once we have paid off credit cards/loans etc we should be able to live comfortably.
We have lived on a lot less before (and a lot more also) and had to adjust our lifestyle accordingly.

lozzy21 · May 9th, 2009, 02:56 AM

20k for me would be bloody great. Im on 12k a year and Oh is on 13k a year and we still have about £400/£500 spare after bills,rent and shopping. It all depends on where you are living. As some one said the north east is cheeper than the rest of the country, yes it pisses down mose days and corus are laying off 2,000 jobs but its a great place to live.

WhosThatGirl · May 9th, 2009, 03:02 AM

Quote:

Originally Posted by star-dust

Dont mean to be rude as I dont normally step into this section but fricking hell how can you think 20k whether for one or for 2 people is only doable!!

If hubby I were were on 20k we would be more then doing ok!!

we get by on 8k a yr and this will only go up to about 9k when babies here!!!

I dont think most posters in this topic are talking about US $$ and I am unsure of the conversion, but I will put in my opinion, based on US $$.

I think lifestyle has a lot to do with it. DH and I could never survive with our lifestyle on 20k a year. We pay 29K a year just for our mortgage alone, let alone car payments, insurance, utilities, food, gas, pleasure money, ect. On average our monthly amount going OUT to mortgage/cars/and everything else is about $5500 a month.. so 20K a year would not come near to cutting it for us! However 20k a year might be plenty for somebody who lived in a different area, or in an apartment, ect.

We live in one of the more expensive areas in the US though, so really lifestyle and the region you live in has ALOT to do when deciding if 20k a year is enough to live on.

May 8th, 2009, 12:09 PM	33
pinkbow Mum (Mom) BnB Addict Join Date: Jan 2009 Location: Scotland Posts: 4,814	hmmm 20k in one household aint alot but its better than most i guess as its not actually alot per month and outgoings can be around £800...as some1 said depends on your outgoins for rent mortgage and u get no help from anywhere as classd as high income TUT... OH earns a good wack more than that tbh, and when i was workin i was gettin about 15k but i left recently as was 2 stressful...and we notice a great diff but still plenty to live on... i guess if ur not used 2 havin more it prob wont be that bad jus bein on 20K... Guess we are lucky OH has such a high payin job...i duno how u ladies cope on 8k or 9k??!! well done lol

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May 8th, 2009, 12:29 PM	34
Whisper Mum (Mom) BnB Addict Join Date: Jan 2008 Location: West Sussex Posts: 3,296	I think £20k for some people is good and for others is not enough. Truly only you can work out if it is enough, not just for your lifestyle but also for your skills in work and is that a good offer for you?

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May 8th, 2009, 14:06 PM	35
Abz1982 Mum (Mom) BnB Addict Join Date: Sep 2008 Location: Aberdeen Posts: 5,553	Yeah it is good, but then remember you will no doubt have to take out childcare from that as 20k would be a FT wage, so childcare will take £500-£600 of that a month, possibly more. I was on 19.5k before I was pregnant. After deductions I took home £1100 a month. I had to pay out over £600 of that for living expenses - loan/car/phone/rent. If I go back FT I will have a childcare bill for approx 45-50 hours a week, at £4 an hour - £720 a month. And because oh is on 22k an up we would get no tax credits - well £500 a year thats it. But we would still have the 1.5k a month OH brings home, which will just cover our outgoings and food with leaving a small amount left over to put into savings for emergencies and the savings for the baby. But where we live it isn't cheap to live. It costs me £8 return to go 10 miles on the bus to see my parents! I am going to look for a PT job of no more than 9k a year as that way I will have more time with my child and we will be comfortably off.

Status: Offline

May 8th, 2009, 14:10 PM	36
kristy87 Other BnB Addict Join Date: Aug 2008 Location: Uk Posts: 2,540	i firmly believe you live to what you earn. if your used to low income, you manage, if your used to high income, sometimes its hard to scrape by, but you defo live to what you earn xx

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May 8th, 2009, 15:55 PM	37
lesleyann Mum (Mom) BnB Addict Join Date: Sep 2008 Location: Peterborough, England Posts: 8,631	i wish my OH earned 20k... Is that before or after tax though ? We live on 14k Before tax and the only help we get currently is housing benefit

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May 8th, 2009, 16:28 PM	38
Conkers Mum (Mom) Active BnB Member Join Date: May 2009 Location: UK Posts: 160	Depends on what your outgoings are, lifestyle etc. Between the two of us we probably bring home around £19K a year after tax, nat ins, pension contributions etc. We manage to pay all our bills (although some months its harder) and the kids have nice clothes and toys but there is not usually anything left over for luxuries for us two. We do have a lot of outgoings a month as I agree you live to what you earn - once we have paid off credit cards/loans etc we should be able to live comfortably. We have lived on a lot less before (and a lot more also) and had to adjust our lifestyle accordingly.

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May 9th, 2009, 02:56 AM	39
lozzy21 Mum (Mom) BnB Spammer Elite Join Date: Jan 2009 Location: Teesside, Posts: 25,285	20k for me would be bloody great. Im on 12k a year and Oh is on 13k a year and we still have about £400/£500 spare after bills,rent and shopping. It all depends on where you are living. As some one said the north east is cheeper than the rest of the country, yes it pisses down mose days and corus are laying off 2,000 jobs but its a great place to live.

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