When can you call your salary a good salary?

Michaelrsh

I know it's a recession but when can you call a salary a good salary?

Pacifico

Something better than €204 a week

orourkeda

when you have a job

geeky

When you've enough to make ends meet for your family and get the occasional nice thing (be it models, a meal out or DVDs) for yourself. As you can guess, it changes with time!

I'd peg it about 35-40K for my current situation. Lord knows what I'll want to earn when I have kids.

AnonoBoy

Michaelrsh wrote: »

I know it's a recession but when can you call a salary a good salary?

When it's done all its homework and helped with the washing up.

monkeypants

As Geeky says, when you've looked after yourself and yours and have a wee bit left over.

humanji

When it's one paygrade above your current one. You'll always be reaching for it.

Hank_Jones

Personally I think a good salary is 50k plus.

I was earning over 40k when I was working, always seemed to end up with lint lined pockets though.

Thought the good times would never end and all that.

What a fool I was!

Degag

Michaelrsh wrote: »

I know it's a recession but when can you call a salary a good salary?

When it's more than your OH's

anniehoo

Depends what committments (kids,mortgage etc) you have but i think over €40k is doing ok.

seven-iron

Once you have your wealth built up to €350,000 your a made man.

Stock market returns of 15% is very achievable.
350000*15%=52500 per annum.

You can easily live on that.
If you have a job, 10K a year should be put into shares every year.

Starting with 10k per year, every year and compounded @ 15% will = €351545 in 13 years.

In all fairness it could probably be done in 10 years and that should be your salary.

qwytre

Depends on too many things to say. A grad earning 40k is brilliant in comparison to someone with 15 years experience.

A good salary is one where you can live comfortably and still save 10-20% of your net earnings.

Glico Man

A good salary is one that allows you to make ends meet and pay for necessities and gives you a bit left over for luxuries

SoupyNorman

When you earn €100,000+ and also get the over 100k in expenses. Furthermore, you dont even have to account of your expenses....you can just pluck a number from the sky.

Imagine the only stipulation for such a job is for you to be able to lie compulsively and dodge any and all work thrown at you.


If only such a job existed.

AckwelFoley

When, after blowing 100's on coke and hookers at the weekend you still have enough to get petrol for the scooter monday morning

Sangre

€5,000 more than whatever you're currently earning.

Fey!

€30-€35k per annum. That's €577-€673 per week, or €2,500-€2,917 per month.

Allowing a mortgage of €900 per month, and other loan payments of €0 per month, and bills of €500 per month (ESB, phone, cable, oil, petrol, etc.), with food at €450 per month, that leaves you with over €450 per month to clothe and entertain yourself.

Mr. Presentable

When I can't spend it all.

Lux23

Mine would be fine if I didn't have any credit card debt. I could easily rent a one bedroom apartment and still have a about 250 a week to spend on whatever I want if I wasn't paying so much on my debts. I should be a on a higher salary then I am at the minute but it will have to do and at least I am earning browning points for taking on work I am not being paid for.

Gumbo

Fey! wrote: »

€30-€35k per annum. That's €577-€673 per week, or €2,500-€2,917 per month.

Allowing a mortgage of €900 per month, and other loan payments of €0 per month, and bills of €500 per month (ESB, phone, cable, oil, petrol, etc.), with food at €450 per month, that leaves you with over €450 per month to clothe and entertain yourself.

i think your forgetting about all those little things like PRSI, Income Levy, Income Tax etc etc etc

35k in reality brings in approx 550e per week after tax

Degag

Lux23 wrote: »

Mine would be fine if I didn't have any credit card debt. I could easily rent a one bedroom apartment and still have a about 250 a week to spend on whatever I want if I wasn't paying so much on my debts. I should be a on a higher salary then I am at the minute but it will have to do and at least I am earning browning points for taking on work I am not being paid for.

Browning Points???

stepbar

I can see this decending into a 'any salary is better than the dole' argument...

Michaelrsh

Fey! wrote: »

€30-€35k per annum. That's €577-€673 per week, or €2,500-€2,917 per month.

Allowing a mortgage of €900 per month, and other loan payments of €0 per month, and bills of €500 per month (ESB, phone, cable, oil, petrol, etc.), with food at €450 per month, that leaves you with over €450 per month to clothe and entertain yourself.

smart budget!

genericguy

SoupyNorman wrote: »

When you earn €100,000+ and also get the over 100k in expenses. Furthermore, you dont even have to account of your expenses....you can just pluck a number from the sky.

Imagine the only stipulation for such a job is for you to be able to lie compulsively and dodge any and all work thrown at you.


If only such a job existed.

teachtaí dála, anyone?

Agricola

An adequate salary is when your current lifestyle necessitates you to have to budget constantly. A good salary is when you can go shopping for new clothes and electronics on a whim, and when you can take a holiday at the drop of a hat when the opportunity arises without having to worry about where the money is going to come from for it.

PLIIM

Depends what kind of lifestyle you want or how ambitious you are.

Run_to_da_hills

Pacifico wrote: »

Something better than €204 a week

€196 now since the recent pay cut. :mad:

Jay P

If I wasn't in college, I'd be minted, even though I'd only get ~€100 a week.

As others have said, sufficient to pay for the essentials needed to support a family, plus 20%
Half for savings/pension and the other half for holidays etc.

For many families with a single income that would mean €40-50K gross PA.
€30K or less is breadline!

Ouijaboard

seven-iron wrote: »

Once you have your wealth built up to €350,000 your a made man.

Stock market returns of 15% is very achievable.
350000*15%=52500 per annum.

You can easily live on that.
If you have a job, 10K a year should be put into shares every year.

Starting with 10k per year, every year and compounded @ 15% will = €351545 in 13 years.

In all fairness it could probably be done in 10 years and that should be your salary.

You must have been in a coma for the past two years!

Lux23

Degag wrote: »

Browning Points???

Well come the time when promotions are possible again hopefully I may have done enough to get one with ease. May be wishful thinking but I have to remain positive.

kincsem

Degag wrote: »

Browning Points???

Definition: When you are so far up your boss only the soles of your shoes are visible.

jumpguy

When you have enough money to afford a lifestyle you're comfortable and happy with, feel successful and can afford a good lifestyle for yourself, and maybe family.

bleg

When you earn a grand a week.

me-skywalker

depends on your personal circumstances and your expenditures and what you want to do with your future.

annabellee77

Ah tis all relative really..


35,000 p.a. for a single person is very different than for a married (one wage) couple with a family..........

Local-womanizer

I would define a good salary that would cover all the costs, have enough to put away every month and leave a little disposable income for a holiday or some other relaxing thing.

I cant see the point of having more money than you could spend to be honest.

If I won the lotto I would give most away to charities and close friends and neighbours. Wouldent change the way I lived drasticaly. Would leave the rest for the kids,but with conditions. Something like they have to acheive and honors degree before the money is released.

starbelgrade

The poll stops at €50k.... anything less than that, I wouldn't get out of bed for.

Odysseus

The options you give don't fit with my salary, before various stoppages, things such as the pension levy, and I will have the new stoppages applied in my next patment:(

However, on paper I still earn the same amount, I'm single, yet, even before they where introduced, I would have seen my salary as alright, but nothing special. I would consider about 80 to 100k as a good salary. This is in relation my my qualifications and experience. Since my salary started to decline last year,[even though on paper my salary has not changed] I would have still considered my salary as nothing special. Though I would certainly agrred that I earn enough to live a reasonable, lifestyle.

Since my take home started to reduce I have started to take small amounts of private work, to try make up for the difference.

starbelgrade

Odysseus wrote: »

Since my take home started to reduce I have started to take small amounts of private work, to try make up for the difference.

Must be devastating for ya.

twinytwo

when you have enough to keep the house over your head,food on the table, a bit away for a rainy day and a bit to spend on yourself./family... ie live a comfortable life then you should be happy... any thing else is just greed to be honest... there is no need for the big flash house or the expensive car

Odysseus

starbelgrade wrote: »

Must be devastating for ya.

I wouldn't say devasting, however, my life style has changed, and believe me I wasn't living it up during the boom. However, I believe that a good salary equates with the qualifications you had to gain in order undertake your particular duties, your experience, ones ability to undertake that work and of course the quality of service you supply.

Now the point I was making in the part you quoted, was I do one late shift a week, only two hours for my fulltime employer, but I have always tried to avoid working above a the normal 9-5. It was clear in my mind as I was writing, but I did not make it explict; I could have taken that extra work anytime in the past 12 years. However, I work to live, I don't live for work. Alot of people in the same area as me, where earning anything from 100 to and extra 500e or even more, by offering their skills on a private basis; on top of their 9-5 job. I'm not strongly motivated so I did't need to do it. Lots of people have very difficult jobs that can have a strong psychological impact on them, I work in one of those areas, I was concerned that taking it on would impact on the quality of the service I supply for my employer.

Additionally I also want a life, that would include spending time with the people I care about in my life, and taking on extra work in the evening if you also work 9-5 it affects that. I decidiced not to engage in extra work for the two above reasons over making more money.

By the way, thank you for you beautiful post, you nearly made me cry I was so blown away by your empathic quality, it really was a profund experience. You have such a gift there you should really consider working a in type therapeutic environment.

Gi joe!

When its enough to provide you with a comfortable and carefree lifestyle but not so much you lose reality of what's really important in life:)

5starpool

Not enough options in the poll imo.

Mrmoe

When you have money left over to pay for luxuries like holidays and better cars etc, when you can spend money without having to worry about next months rent or mortgage payment.

WooPeeA

Why the maximum option is "just" 50k? I think that good salary is at least €1 million. With 50.000 you still don't matter anything to anyone in this globalized world so it's just ok to me..

chocgirl

I reckon anything over 50, 000!

Dublin_Gunner

Fey! wrote: »

€30-€35k per annum. That's €577-€673 per week, or €2,500-€2,917 per month.

Well you're obviously getting paid 'off the books'.

Most of us have to pay tax...

BTW - the poll has enough options, but the first 2 should be removed and added to the end as higher brackets.

Surely, in noones mind is 25K a 'good' salary, livable, but not 'good'. (well, not in the RoI anyway).

Jev/N

Poll fail TBH

I know people who've been lucky enough to start on 35-40k

It depends on your lifestyle and family situation and if you take those into account, I wouldn't be able to make a decision with the poll options - they're all too low

starbelgrade

Odysseus wrote: »

By the way, thank you for you beautiful post, you nearly made me cry I was so blown away by your empathic quality, it really was a profund experience. You have such a gift there you should really consider working a in type therapeutic environment.

Why would I feel empathy for someone who's in a well paid job & doesn't feel the need to do the odd nixer to pay the bills? It sounds like yr doing OK without the need for me feeling sorry for you having your wages slightly reduced.

And I already run a therapy clinic... it's called 'The School of Manning-Up'.

BostonB

starbelgrade wrote: »

...And I already run a therapy clinic... it's called 'The School of Manning-Up'.

Its been done...
http://www.youtube.com/watch?v=unkIVvjZc9Y