Can I live of £15,000 a year?

[Deleted User]

£15000 a year is £1096 a month take home.

For that, even if we're being quite extravagant...

£450 Rent
£120 Council Tax
£75 Electricity
£75 Gas
£15 TV License
£100 Food Shopping
£20 Landline and Broadband
£30 Mobile Phone
£15 Contents Insurance
£20 Car Tax
£40 Car Insurance
£20 Car Service and MOT
£40 Water Bills
£75 Petrol

All the above fits into the £1096 takehome, and I'm sure the OP could cut the figures above with a bit of MoneySaving for some fun-money

BillJones

mgdavid wrote: »

'I work in forestry' - these are the aspects of forestry that need qualifications - you said none was needed. If his degree is in a relevant subject and he can discover some ambition he could do better over time.

No I didn't. Are you drunk?

DragonQ

billbennett wrote: »

£15000 a year is £1096 a month take home.

For that, even if we're being quite extravagant...

£450 Rent
£120 Council Tax
£75 Electricity
£75 Gas
£15 TV License
£100 Food Shopping
£20 Landline and Broadband
£30 Mobile Phone
£15 Contents Insurance
£20 Car Tax
£40 Car Insurance
£20 Car Service and MOT
£40 Water Bills
£75 Petrol

All the above fits into the £1096 takehome, and I'm sure the OP could cut the figures above with a bit of MoneySaving for some fun-money

A lot of those things depend on your lifestyle though. Mine are fairly different for ~£17k income:

£700 rent
£12 TV licence
£19 Sky
£30 phone & broadband
£30 electricity
£22 gas
£10 water
£6 contents insurance
£9 MOT/service
£25 petrol
£7.50 mobile
£180 shopping/lunches/take-aways
£16.25 sports membership

Remainder: £350/month.

Having a free commute (cycling) and extra income from interest (£1.5k last year) helps too.

ricky_v

Can I live of £15,000 a year?

Yes, at the moment I'm on £14,888.72 NET (and the salary is the highest it's ever been), minus the train pass it's £13,556.72 a year.

-I don't own a car, only a motorbike which is used sparingly.
-I tend to go on the pushbike (a bit like going to the gym, but you're actually going from A to B for very little) .
-I don't have a TV Licence, or a sky/TV subscription.
-Most of my food has a yellow sticker on, (you really can't be fussy).
-Credit cards are STRICTLY for cashback and 0% stoozing.
-Clowncil tax is band A with 25% discount.
-Only debt which interest is paid is a mortgage, and that gets overpaid to the max.
-I don't buy crap, especially on credit. (very important).

So if you're careful and use restraint, then it is perfectly resonable for a single person to live on £15k/year. And yes I do go out sometimes and generally "have a life".:p