To ask how much money you would need to live comfortably

[PaddleBoardingMomma]

Imagine you get £x amount deposited into your bank every year, no questions asked, tax free, you don't have to do anything for it and it will always be there without fail until you pass away.

How much would you need to live the life you want to? You could work if you wanted, or not. Put some into savings or spend it all knowing the next lot will always be there.

So what's your personal magic amount?

(Try not to be toooo greedy, I'd like to hear about peoples every day wants and needs that would be covered and no longer a stress to them, along with a few luxuries or holidays etc)

I think mine would be about £50k a year. I'd be happy with that and we wouldn't want for anything.

I could live quite happily on 20k

Isn't there a salary which gives optimal happiness? Above that you don't get any happier? It's much higher than the average salary so into the 'not having to worry about money' stage. From memory I think it's about £70-80K.

No mortgage, no bills. 75£

About £60k

My mortgage is £80k a year so I’d defo need at least £110 - would love to have £30k a year without having to work!

Hmm, it depends. To live comfortably about £2.5k a month for me and DH.

But a family house where I am is about £800k, so to mortgage that about £6k / £7k a month?

Ermmm well if I was to carry on working and earn my current salary and use this as an additional, I reck 24k.

But I’d love to quit work, and stay at home, homeschool my kids and have a non working farm. So I recon for that I’d need probably £150k if tax free

Could be a number that is similar to or lower than your salary. If you find it comfortable what you earn now then you could probably chop of a percentage and that would be it.

Got to remember that inflation will mean if you're comfortable on £20,000 today that could be £30,000 in 10 years...

Matilda1981 That is one hell of a mortgage!

£25000 if it rose with inflation. I bought a small flat and am already mortgage free so £25k would run the car and pay for a couple of weeks in the sun or if saved for a few years a nice posher holiday along with my normal spending and bills.

£36K

£1000 a month towards household expenses and food.

£1000 a month for extras, fun and helping fund older children.

£1000 a month into savings

If I was retired and had independent children it would change.

I think £150K would do me nicely.

Daaaaamn an £80k a year mortgage!!

Bet that's a reeeeally nice house though 😱

Never wanted pics so badly in my life 🤣

I wouldn't need much.
I have very little interest in 'stuff' or clothes etc. I'm even perfectly happy with my bottom of the range 1 litre car.
I have no mortgage although do live in an expensive to heat house.
If it was just me, 20k...?

Well if I can work alongside the magical income, no mortgage, I would say £30k and I’d work part time doing something I actually enjoy.
If I can’t work then £60k.
I hate my current job, but there’s no way I could slide over into another position at this level. You get used to the money, but I question if I actually ‘need’ it.

To pay all my bills each month and leave me with some fun money would be perfect… so I’d need about £4000 per month, £50k would see me fairly ok!

£2500 per month is more than enough for me but I have already paid off my mortgage.

@PaddleBoardingMomma

Imagine you get £x amount deposited into your bank every year, no questions asked, tax free, you don't have to do anything for it and it will always be there without fail until you pass away.

How much would you need to live the life you want to? You could work if you wanted, or not. Put some into savings or spend it all knowing the next lot will always be there.

So what's your personal magic amount?

(Try not to be toooo greedy, I'd like to hear about peoples every day wants and needs that would be covered and no longer a stress to them, along with a few luxuries or holidays etc)

I think mine would be about £50k a year. I'd be happy with that and we wouldn't want for anything.

17500 would see me right

Tax free 30k would be plenty for me - more than I have at the moment!

If no mortgage or debts around £100k

If no need to save for pension, then 270k per year. Buy some properties, put kids through school and uni with no debts, start them off, buy holiday home, travel, serve on a few interesting boards, write novels. And enough to have super luxury round the clock care when I am demented and don't want to move from my home for the inevitable last 10 miserable years. Or the other alternative- super luxurious cancer support team for the inevitable last miserable 3 years.

I'd also make a wish that it would magically vanish like faery gold when I die so I couldn't be taken advantage of or my kids would not fight over inheritance.

Mortgage and bills included, about £100k a year.

No mortgage or bills, £50k a year to live freely with no financial worries and nice holidays!

£25,000