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How much would I need to earn?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
In order to afford a £385 a month flat? I mean obviously I can do the maths, but realistically, what sort of money will I need to be earning?
If you don't mind, could those of you with full time jobs and houses tell me how much you pay, and how much you earn, just so I can get an idea?
If you don't mind, could those of you with full time jobs and houses tell me how much you pay, and how much you earn, just so I can get an idea?
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I don't pay proper rent or bills (live at home) so couldn't help more. My annual salary is £16,235 which is £1,027 a month after tax, NI and 4% into my pension (oh, and works social club/lottery!), if that's any use.
However, if you also want to afford food, power, phones, TV etc then it would be more than that.
It also depends on where the flat is, because you will have to take travel into consideration. This really isn't a simple case of stating a figure because it really denepnds on the rest of your life.
I earn about £14,500 a year. I find it a struggle and am constantly overdrawn.
Bear in mind extra bills such as council tax/electric. It's not nice to have half of your monthly pay gone before you've even seen it.
:yes:
However, I would say £16,000 bare minimum. More if you want to be able to splash out now and again/pay back debt/go out boozing. If you're planning to earn less than this, a room in a shared house would be your best bet, as then all your bills will be cheaper as well as your rent.
The going rate for a room in a nice shared house in a good area in leeds is about £60 p/w.
what £385 a month on these?
Absolutely. Market rates!
I'd beat him down a bit (or as much as you can) on it (friend or not, but if he's expecting you to pay over the odds, then well...).
:rolleyes: Are my posts invisible?! :yeees: