evilking
CAUTION: INCOMPLETE TRADES.
- Joined
- Dec 7, 2005
- Posts
- 1,829
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- 19
I agree London is definitely (and thankfully) not England. The further you move away from London, the less I'd recommend moving to England. I grew up in London (Wembley) then lived in a few other towns/cities for study/work, I moved back in the last couple years and I've never been happier. As a non-white person, I wouldn't recommend England to many, though London gets two thumbs up from me...
Also, I hope you know what £55-60K looks like after Tax, N.I. and pension is deducted. That salary can give an incredible comfortable life if you make wise financial decisions. Obviously that's true in any country but so many people make truly idiotic decisions with their money simply because they see themselves as on a higher income bracket. £55,000 quickly becomes £38-39K after income tax and N.I., take off £1600 for council tax, £1000 for gas and electric, £200 for water, a quick property search for 3 bedroom houses to rent gave £900-£1200 per month (very rough estimate, don't hold me to it
) so lets say £14K for the year, we're down to about £21000 worse case. You mentioned TV/broadband/phone above so lets say £720 (£60 month), that vonage thing £120, the car is upto you. I've never used a car sharing service and renting a car for two years is insane, so might as well buy one. Don't forget road tax (£125), insurance, MOT and servicing, none of which can be estimated without knowing the car. Groceries cannot be estimated either, nobody but you knows how you eat, bathe, clean etc, so I'll leave that open. We're down to about £20K excluding car/shopping. I can't think of anything else right now, you should know how much you spend, but with all this baby talk most of that remaining £20K will probably be spent/saved on him/her/them, no?
EK
Also, I hope you know what £55-60K looks like after Tax, N.I. and pension is deducted. That salary can give an incredible comfortable life if you make wise financial decisions. Obviously that's true in any country but so many people make truly idiotic decisions with their money simply because they see themselves as on a higher income bracket. £55,000 quickly becomes £38-39K after income tax and N.I., take off £1600 for council tax, £1000 for gas and electric, £200 for water, a quick property search for 3 bedroom houses to rent gave £900-£1200 per month (very rough estimate, don't hold me to it
EK