Originally Posted by
Andyg
£80k might sound quite high, (about £4,600/month take home) but surely it's dependant upon out goings.
For example if someone had a 600k mortgage that's £1k/month.
Then you have rates - another £300/month
Home insurance, Utility Bills, food, etc - another £1000/month
A decent car On PCP - another £1000/month, inc fuel, insurance, tax etc -
A £6k holiday fund - £500/month
£100/week on stuff/luxuries/pets, mobile phone, internet, line rental, etc (£400)
A contribution to a pension - £300.
And that's 4.5k a month which leaves £100/month for rainy day money.
Now compare this with someone on universal credit £317/month.