Re: Questions re.standard of living

Now, what salary levels are necessary for someone to lead a reasonably
"comfortable" existence in the UK?

Yeah, this could be a real tricky one to answer, depending just how
flexible / extravagant you want the spending to be...

I'm on £22.5k a year, and have had a mortgage since I was 19 (i'm now
37) - i've just paid off a chunk of it following the sale of some
shares, and I now owe about US$15k. The house itself is at the lower
end of the market (3 bed ex-council house, probably worth about £80-
£90k at current market values).

I'm driving around in a 9yr old car (which we bought new, but has
served me really well in all honesty), and my outgoings are currently
about £900 a month (£300 of which is a loan due to be finished in a
few months) - but *excludes* food / petrol / clothes / entertainment.

Gas (not gasoline!) and electric currently costs about £110 a month,
in case that gives you something to work on, but are included in the
£900 a month figure above.

I don't smoke, drink relatively little, and occasionally have a cheap
pub meal with my wife maybe 2-3 times a month.

After tax, i'm picking up about £1250 a month (which may go up a
little soon, I had a deduction for shares which is due to finish soon)

Sooo, depending on how you want to live, you can probably get by on
what i'm on, but only if you drive an old car, don't drink or smoke,
live in cheap or rented housing (which can be £600-£900 per month just
for rent in a crap area), and don't have a liking for fashion :-}
.

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