[ Personal Finance ] Open Question : How much Money Do I need To Earn (Per Year) To have A Family In London?
Ok so abit of a vague question but i'll try to explain. I'm 20 years old, still living with my mum, dad and 2 sisters. Eventually I want to be able to stand on my own two feet and settle down with a family of my own. What I wanted to know is what kind of salary (per year) do you think is good enough to have a family with. For example would £ 20, 000 a year be too small, would I always be worrying about saving money? Would 50, 000 be enough to support a family without worrying too much about savings, Would 100,000 be more than enough?
I want to live in London with a family where I am solid in the finance department and don't have to constantly worry about the money issue. What's the minimum salary do you think this would be possible with? (I don't want answers like £ 200, 000, I'm asking for REALISTIC answers please!) Thank you :)
Source: http://answers.yahoo.com/question/index?qid=20120925125913AAlLF3c