£22,800 per year
5 posters
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What is your opinion of an ongoing total income of £22,800 a year?
£22,800 per year
I was wondering what Wendigonians thought about the prospect of living on 22.8k per year (inflation adjusted) for life.
Asking for a friend who may have impending investment and workplace issues
Asking for a friend who may have impending investment and workplace issues
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'She won't be coming round the mountain or anything like it'
Re: £22,800 per year
This is without owning a house btw, the rent has to come out of it.
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'She won't be coming round the mountain or anything like it'
Re: £22,800 per year
As long as you're not living anywhere too pricey, it should be possible. Plenty of full-time jobs pay in that range.
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Nightjar- Posts : 103146
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Join date : 2018-05-05
Re: £22,800 per year
That figure would also include my friend's work pension and state pension if/when she gets them.
So she wouldn't get anything extra at 55 or 67.
So she wouldn't get anything extra at 55 or 67.
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'She won't be coming round the mountain or anything like it'
Re: £22,800 per year
I think you need to sit down and work out how much you need to pay for your bare essentials in life and see how it compares to the £22,800 income.
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Re: £22,800 per year
The Call of the Wendigo wrote:I think you need to sit down and work out how much your friend needs to pay for their bare essentials in life and see how it compares to the £22,800 income.
Fixed.
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OK, I'm an old shoe
Nightjar- Posts : 103146
Karma : 834
Join date : 2018-05-05
Re: £22,800 per year
I would live like a prince after all overriding costs were taken into consideration.
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OK, I'm an old shoe
Nightjar- Posts : 103146
Karma : 834
Join date : 2018-05-05
Re: £22,800 per year
Couldn't live on that now but when I retire, (1,2 or 3yrs away), if I get that amount I should be fine, energy is the big problem, currently pay about £5500 per year for Gas and Electricity.
Zarniwoop- Posts : 928
Karma : 157
Join date : 2018-05-04
Re: £22,800 per year
The Call of the Wendigo wrote:I think you need to sit down and work out how much you need to pay for your bare essentials in life and see how it compares to the £22,800 income.
That's what I said to my friend. I said, 'Work it out my way with a big spreadsheet of likely monthly income and expenditure till you theoretically die aged 110.'
But she said 'No, that's depressing, your spreadsheet always either says you'll run out of money in 2035, or that you need 7.5% real returns on investment, or that you have to cut expenditure by 34% when you're 55. I want to do it this way where I work out my possible evenly distributed income and then fit my costs to it.'
So I said, 'Well, I'm going to run that past my friends on the NHOTW, and they'll soon put you right.'
And she was like
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'She won't be coming round the mountain or anything like it'
Re: £22,800 per year
My friend's income prospects have improved, to £24,900.
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'She won't be coming round the mountain or anything like it'
Re: £22,800 per year
A good start to the New Year for my friend, then.
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'She won't be coming round the mountain or anything like it'
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