So how much money is enough

zl1whqvjs75cdy

Was having a browse through one of the recent dole bashing threads on here that set me to thinking. How much money a year would be enough for you, or is there ever enough?

For me personally if I myself and the missus got to 70 k a year each I think that'd be more than comfortable with current mortgage etc. Kids are planned but not just yet so not really sure of the financial impact there. We are a ways off 70k each yet but getting there slowly I think.

So what say ye, how much dosh to make you happy.

frag420

bout tree fiddy...

Avatar MIA

donkeyoaty0099 wrote: »

Kids are planned but not just yet so not really sure of the financial impact there.

A lot!

Re how much is enough ? I refer you to Charles Dickens quote, a man who had experiences of both.

zl1whqvjs75cdy

Avatar MIA wrote: »

A lot!

Re how much is enough ? I refer you to Charles Dickens quote, a man who had experiences of both.

They can't just live on love no? Needy bastards.

dxhound2005

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

Cina

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

Well that's stupid. People should get more for popping out kids and getting mortgages they can't afford? Behave.

raze_them_all_

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

Personal choices don't matter. Why should someone be punished cos you have 4 kids

dxhound2005

I'm just outlining what is a living wage, in other words enough money.

iamwhoiam

As long as we have one cent more than we need its enough . The big question is what exactly do we need ?

super_furry

Depends where you live. €140k between a couple in places like Limerick, Sligo or Meath and you could live like kings. That kind of dough in Dublin and you're looking at a semi-d in the suburbs.

Problem is you (mostly) have to working in Dublin to pull in that kind of cash.

OldMrBrennan83

As long as your next door neighbour has more windows in his house then nothing will ever be enough.

Guy:Incognito

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

I fully endorse this. Now I'm going to get myself a €2m mansion that my employer can pay for. Excellent.

DontThankMe

€198 a week is all a person needs to live the high life.

engiweirdo

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

Insane. Maybe dont have 4 kids unless you earn >€80k pa if thats how much it costs to raise them would be more sensible?

zl1whqvjs75cdy

super_furry wrote: »

Depends where you live. €140k between a couple in places like Limerick, Sligo or Meath and you could live like kings. That kind of dough in Dublin and you're looking at a semi-d in the suburbs.

Problem is you (mostly) have to working in Dublin to pull in that kind of cash.

I do find it a bit grim that you need to be in the top 5 % of earners to live an hour commute (on a good day) from the city centre.

meeeeh

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

So you employ just single people living 5 minutes away from the work and pay them peanuts for what they do. Brilliant, it would slash our wage bill quite a bit.

dxhound2005

meeeeh wrote: »

So you employ just single people living 5 minutes away from the work and pay them peanuts for what they do. Brilliant, it would slash our wage bill quite a bit.

What do people mean by Living Wage (enough money)?

meeeeh

dxhound2005 wrote: »

What do people mean by Living Wage (enough money)?

https://www.livingwage.ie

Cian_ok

dxhound2005 wrote: »

Employers should be forced to pay each worker according to their needs. 20K a year for a single person 5 minutes from the work place, living rent free with their parents.

80K for a person doing the same job commuting 2 hours a day, paying 1000 a month mortgage, and supporting a stay at home spouse and 4 children.

It used to be like this pre 1970s. Especially companies that had a marriage bar.
If a man got married - he got a pay rise to support the wife. Similarly with kids.
If a woman got married, she got a 'redundancy' payment. And had to stop working.

But feminism killed this. Equal pay for equal work.

bloodless_coup

If your on 60k, is it worth busting your balls to get to 80 or 90?

I feel like once you get to a certain number where you are comfortable, the only real difference to your life would be to get to the grossly rich level.

dxhound2005

meeeeh wrote: »

https://www.livingwage.ie

In principle, a living wage is intended to establish an hourly wage rate that should provide employees with sufficient income to achieve an agreed acceptable minimum standard of living. In that sense it is an income floor; representing a figure which allows employees afford the essentials of life. Earnings below the living wage suggest employees are forced to do without certain essentials so they can make ends-meet.

My reading of that would mean the employer paying more to the person commuting and paying a mortgage, and less to the person living rent free beside the work place.

robbiezero

doylefe wrote: »

If your on 60k, is it worth busting your balls to get to 80 or 90?

I feel like once you get to a certain number where you are comfortable, the only real difference to your life would be to get to the grossly rich level.

Depends. you are only getting ~48% of the increase anyway, so if a significant increase in workload or responsibility, its probably not worth it.

zl1whqvjs75cdy

doylefe wrote: »

If your on 60k, is it worth busting your balls to get to 80 or 90?

I feel like once you get to a certain number where you are comfortable, the only real difference to your life would be to get to the grossly rich level.

Suppose it depends what you want out of life. To some people pushing yourself to be as good professionally as you possibly can be is reward in itself. The increased salary that comes with it is a bonus sure, but for some it's more about the personal accomplishment.

OldMrBrennan83

dxhound2005 wrote: »

In principle, a living wage is intended to establish an hourly wage rate that should provide employees with sufficient income to achieve an agreed acceptable minimum standard of living. In that sense it is an income floor; representing a figure which allows employees afford the essentials of life. Earnings below the living wage suggest employees are forced to do without certain essentials so they can make ends-meet.

My reading of that would mean the employer paying more to the person commuting and paying a mortgage, and less to the person living rent free beside the work place.

People should be paid based on what they do within working hours and nothing else.

rovertom

The op mentioned 70k each as a couple.
That amounts to 900 per week each as a couple after tax. Not huge money after paying all the tax.

zl1whqvjs75cdy

rovertom wrote: »

The op mentioned 70k each as a couple.
That amounts to 900 per week each as a couple after tax. Not huge money after paying all the tax.

I would have thought it's a decent wedge all in. What would you consider huge money? Within reason. Obviously we'd all love to be on 500k a week but unfortunately we live in the real world.

Cina

rovertom wrote: »

The op mentioned 70k each as a couple.
That amounts to 900 per week each as a couple after tax. Not huge money after paying all the tax.

Not sure where you're getting that from?

If they're both working and on 35k it's about 1200 a week.

If it's one bringing in all the money then yes it's around 900 a week. But that's assuming they're not married and getting extra tax credits.

L'prof

Extra tax credits for being married??? Do tell!

dxhound2005

Patww79 wrote: »

People should be paid based on what they do within working hours and nothing else.

Which renders the concept of a Living Wage as a nonsense.

rovertom

Cina wrote: »

Not sure where you're getting that from?

If they're both working and on 35k it's about 1200 a week.

If it's one bringing in all the money then yes it's around 900 a week. But that's assuming they're not married and getting extra tax credits.

OP said 70k each not 35k each

Taylor365

Difference between 30k and 60k?

1350 a month.