Is £27,600 a year rubbish pay?????

Question

I earn this much a year with a wife and two children and finding it a stuggle!

Do you think this is a rubbish amount should I start looking for a new job?

Answer 1

Well its not bas compared to what some people earn a year, my brothers a store detective and earns £22.000 a year and hes struggling aswell, apparently. But it wont hurt looking for a new job with better pay so why not?

Answer 2

Its better then what some people live on, i managed to live on about £8,000 when i first left college. I was single other then looking after my dog so i guess my money went further but everyone struggles. In the army you have better chance of promotion and pay rises then you would in a civilian job plus you have job security. I wouldn't make any rash decisions about finding another job until you've done your research and looked up how much the average salary is these days. Probably less then that.

Answer 3

It depends what job you do!!!

£27,600 a year for a cleaner would be good but bad for a sales manager??!!

Answer 4

So So   better than some  ,  depends on what the job is   you might not be capable  of holdingdown a better job,,, I don't know.    Your family situation doesn't come into it at all   .. Its how accomplished and  capable you are that matters .  Your employer doesnt care how many kids you got    

Answer 5

I'd say it's better income than most people I know.

Your outgoings seem to be a bit high though even with a wife and two kids.

Answer 6

it depends what you do for the money and what level of education you had to reach to do the job that you do.Also on where you are living of course.

Answer 7

no - it's 'average' - unfortunatly, average now means absolutly skint, thanks gordon brown

nothing to stop you looking for a new job, but don't get your hopes up for the moment :-)

we finally reached that salary that my husband and i dreamed of... 5 years ago, we could have had a good family sized home, pay bills, and even afford a holiday or two on such pay - but now, it just means we can afford to pay the bills and food! and no, not entitled to any child benifits at all :-(

cost of living? cost of taxes  more like

Answer 8

It all depends on your age my friend. If you are not happy with your wage and have to struggle to get by then you should see if you can get a promotion within your company or move to a better paid job.

Theres no point working hard in life if you are not getting the things you want and need and are unhappy with your salary. Another point might be to use what you have gained in your job to start your own business its just a thought. :)

Answer 9

It depends on what skills you have, where in the country you live, and a host of other things.

I work for the government and we have plenty of people in my department earning less than that! (including me, and my wife doesn't work and I have a kid too)

It also depends whether you are likely to be able to get another job which pays better.

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Edit: you should take home about £1700 a month. If that £900 is your only (fixed) outgoings, you're doing okay, but I imagine that's not everything - rent, council tax, electric, gas, water etc? I know it's not easy raising kids on what's left, but times are hard these days and I think this credit crunch will have us all struggling the way our parents did.

The first thing to do is to check that you are getting the tax credits you are due (Child and Working tax credit) - that can be really useful money if you're missing out on it.

Answer 10

It's average but when you retire from the army you get loads of money :D

Answer 11

If your outgoings are about £900 a month, then you have much more than half your wages left to spend as you please. Even if your expenses were £1000 a month, that's £12,000 annually with £17,600 left to play with.

I think you need to see where the money is going.  Start keeping an ongoing list  -  jot down purchases as you go along or at the end of each day.  You'll soon discover the unnecessary spending.  It's always possible to find ways to cut down  -  use your library, buy from thrift shops, make-do-and-mend, put off a haircut for another week or two, even sell on ebay.  There are loads of things to do with your family that cost nothing or very little  -  you just need to do your research.

Be glad in these difficult times that where you are working is not going to close down  -  at least your employment is safe.  I think your wages are not at all bad, compared with some others.  Find out if there are benefits you are entitled to and not claiming.  See your Job Centre or Citizen's Advice Bureau  -  either will have all the info.

Answer 12

Just give ME your job mate! I work full time for a national charity on a salary of £14,300 a year. My kids are grown and gone but the non working wife is still here, plus 2 dogs, AND i work 28 miles from home. If i got your salary it would be the next best thing to winning the lottery.  

Answer 13

That depends on your outgoings. If you have a huge mortgage then it's no good. I couldn't survive on that amount.