Could you live decently on £14,400 a year?

heuchera

lxpeanut wrote: »

Its not much but it is doable which is what we are talking about here.

Yeah I think it depends where you live. You're also leaving yourself vulnerable if you can't even put any money by each month in case of a rainy day (and there are bound to be some of those!)

The rent I quoted is not the market rate for where I live, but it might be in other parts of the country. Private rental for where I am living starts at about £600 per month for a 1-bedroom flat. I'm not sure how much a room in a house-share would cost, probably cheaper.

wellynever

Marisco wrote: »

It's 4 years out of date!!! :eek:

Opps yet looking on http://www.bbc.co.uk/news/10537363 it is the 4th most popular shared, i suppose i'm wondering why it is now there today, something happend maybe a Freudian slip.

Andy_L

Marisco wrote: »

It's 4 years out of date!!! :eek:

Their 2013 number is £16850 for a single person

http://www.jrf.org.uk/publications/MIS-2013

Mrs_Arcanum

Andy_L wrote: »

Their 2013 number is £16850 for a single person

http://www.jrf.org.uk/publications/MIS-2013

Even the new NMW for a 40 hour week would only get you £13,520 pa so still a shortfall & less than the 2010 figure used.

Pete111

Yes. But I'm mortgage free so have few housing costs


Even so I would not enjoy life nearly as much as currently.

MikeR71

4 years ago, tax started at 7.5k. Now it's starts at 10k. That makes a difference.

But still, it depends on where you live and what kind of house you want to live in.

lxpeanut

Andy_L wrote: »

Is that just £14k or do they include the various in-work benefits?

which benefits are these? If your talking about a single person with no disabilities they wouldnt be receiving any.

Mrs_Arcanum

MikeR71 wrote: »

4 years ago, tax started at 7.5k. Now it's starts at 10k. That makes a difference.

But still, it depends on where you live and what kind of house you want to live in.

The 12% NI still starts at around £7,956 pa.

schrodie

heuchera wrote: »

So if £14,400 per year works out at just under £1000 per month take-home pay:

£100 per week rent so about £433 per month approximately
£130-ish council tax
£150-ish bills (gas, leccy, phone, water, broadband, tv licence)

That's £713 before you've even thought about feeding and clothing yourself.

Or travel costs.

Let alone having some semblance of a life/social life.

It's not much to live on.

That's more than enough compared to what this individual claimed he lived on. Here

However he doesn't have that problem now. Here

However there are those who despise those on benefits who advocate as a skiver and a scrounger (whether disabled or not) then you are not entitled to any semblance of a life/social life.

Marisco

Andy_L wrote: »

Their 2013 number is £16850 for a single person

http://www.jrf.org.uk/publications/MIS-2013

If that is the figure without any benefits at all, then I'd say yes up here, no in London/SE. That is purely because of housing costs though. The heating bills would be cheaper though, when I lived down south my heating bills were half what they were when I came here!! :eek: