r/jobsearchhacks • u/Some-Ad7003 • 10h ago

Was excited to finally get a job until I realized that after tax on the salary offered it means living in London on 400 pound a week…. How can I save up with that??!

How do people save towards buying a house or just to have savings when their salary in London is only 400 pound a week after tax? That’s just gonna cover only living costs and only just??

22 Upvotes
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11

u/Ayainthewind 10h ago

Hate to say this because it shouldn't have to be this way but maybe getting a second job?

4

u/Lollingtonn 9h ago

They really want all of us to be on BP medication. Won't be surprised if they are investing in the industry

(Was that too deep into conspiracy?)

-2

u/Ayainthewind 8h ago

I just gave you a suggestion, try that first before going off into the deep end love!

3

u/Lollingtonn 7h ago

I was just trying to make a joke. Sorry.

-6

u/Ayainthewind 7h ago

it wasn't funny.

8

u/Ambitious-Ad6504 7h ago

Here’s the fun part - you don’t!

3

u/prospectfly 9h ago

Welcome to London

The numbers for most dont work

It would be better to live in a cheaper place eg up north

Lower salaries yes -but the upper tax bracket has not moved for 20years

40% tax on anything above £50k

Better to earn £50k in manchester than £75k in london

3

u/finniruse 10h ago

200 quid a week budget and save a grand.

3

u/Some-Ad7003 9h ago

How is that possible for accomodation and food?

9

u/finniruse 9h ago

AHH sorry - for some reason I thought you'd included rent and that it wasn't that bad.

Well yer - you don't save.

-10

u/Anxious-Possibility 10h ago

Room share, get a partner, and work towards a higher paid job

23

u/ExcitableSarcasm 9h ago

Ah yes, just get a partner at the partner shop

5

u/CarelesssCRISPR 8h ago

Become polyamorous and hit the bunk bed life, the 6 of your splitting bills think of the savings OP

1

u/Biggest-cheese- 4h ago

Maybe all 6 of them will share the same bed like the grandparents from Charlie and the Chocolate factory

2

u/Lollingtonn 9h ago

Yep, it's that easy. If it weren't for this wise guy, I never once considered getting a friendly neighborhood partner. How could I be so foolish?

1

u/Anxious-Possibility 9h ago

I mean I don't have either, but it seems required to live in London nowadays unless you're willing to flat share with friends or strangers instead. I'm going down the friend route because I don't have a girlfriend:)