If you could save this amount each month, would you be bothered about a pay increase?

[Yyyrrr]

I’ve managed to get into a position where I am able to save around 2k a month on the salary I am on. I do have a small mortgage (under 125k). I have been offered a new job which would pay the same but include a bonus of 10% of my salary, so it would be a few thousand after tax.

The job I have is very flexible. I can work from home often and the office is 20 mins away if I do need to go in.

But I feel conflicted about the fact I could save more in the other role. I know talking about money isnt the nicest thing but my family have always been of the view that you try and get as much as you can. Even saving 2k a month they think I should go for more. AIBU to think 2k is enough and just because the opportunity is there to save more doesn’t mean you have to take it? I feel like I’m going against what’s been drilled into me by my parents but at the same time I know many people don’t think 2k will get you far given the cost of living! I’m conflicted and feel guilty if I go for the easy route of the flexible working

Sounds like you've got the dream job. I'd stay put.

We certainly don't save anywhere near that a month. I'd stay put if I was you x

That’s £24K per year in savings which is well, absolutely loads! If you like your job, stay there.

Stay put OP, sounds like you have a great set up. I'm in awe of your savings.

I’d stay put too.

Why is the flexible route the easy route? Doesn’t it mean you have become skilled enough to have the option to choose how you work. Which is an incredible benefit that lots of people don’t get.

Life is not always about chasing more money to the detriment of your time/interests/health/commute - there is more than money in the equation of what success looks like to you.

if it’s going to cost more to get to work and you have less flexibility then I would be tempted to stay.

If you’re happy in your job, and saving a lot every month, stay put.

No it wouldn’t be for me , I’m in a similar situation where I could go for grade increase which would be 10% raise - considering tax it’s not worth the hassle

You have to consider the whole picture and not just the figure on your payslip.

Things like cost of commuting, additional childcare, more food out, work clothes etc can really add up financially.

And then there’s the other factors such as your time, the impact on your family, how much you like your colleagues, how challenging the work is, whether there’s much scope for progression.

How likely is this bonus? I’m not sure I’d leave a flexible well paid job for a bonus of few thousand (that might not happen) as I have DC and value my flexibility highly, but it depends on the opportunities the new workplace has and your current life situation

The new role would be an extra 6k a year in bonus, with a lot more scope for pay rises. This role won’t really increase much pay wise.

I am so conflicted but don’t know if I have it in me to go by someone else’s timetables these days!

So 6k bonus - £500 per month. How much of that would you lose in commuting costs? Or things like extra childcare (if applicable)/ team lunches in the office etc?

And how much time would you lose commuting every day?

At your level of pay, I'd happy forgo an extra couple of hundred a month for ease and flexibility.

"I know many people don’t think 2k will get you far given the cost of living!"

If people do think that it's because they mean £2k a month isn't much to live on, not that saving £24k a year after you've paid for all your living expenses is something to scoff at!

work out the cost of petrol, wear and tear, anything else (likewraparound childcare) and most importantly the cost of your time of going back to commuting every day and I wonder whether the extra few hundred a month will really be worth it.

Why do your family know so much about your finances?

On this forum, the only answers you’ll get here will be to lower your bar below flow level and go for the lowest possible amount you can earn. In fact why bother working at all.

In fact, you’ll probably be piled onto for even mentioning that you save £2k a month. Read the room and all that.

In the real world of course, sane and rational people will maximize their potential and do everything they can to maximize their earnings.

Maximise your earnings and go for the higher paid job - you never know what’s round the corner.

If you find you're saving too much, please feel free to send some my way, and I'll give it a good home 😉😀

10% would be neither here nor there for me. I certainly wouldn't leave a job I was happy in for it.

I’d be asking myself 1) where this fits into my aspirations and plan. Am I happy with my pension pot, investments? Or can I consider retiring early?

And 2) how much extra work is involved/ do I feel adequately compensated for it (with the immediate salary and future earning potential)? Is it as enjoyable / secure as my current gig.

You said get £6k extra per year. Assuming you could invest the lot (which may or may not be possible), that £6k into your pension pot today (assuming you’re 35 at 6%) gives you £35k at 65. So there is a value of earning now, which is a bit more/less if youre younger/older. Or it could just be some amazing holidays!