Wednesday, 5 June 2013

How to calculate the yearly salary I need for the lifestyle I want?

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Consider merely by Charlie: How to calculate the yearly salary I need for the lifestyle I want?

I was wondering if anyone knew of a website or something that would help me calculate roughly how much I need to make in a year to support the lifestyle I want to have. Not just one where you just add up each individual monthly expense, because I know basic math. I am looking for one that gives more general questions such as would you live in a home or apartment, how you would commute to work, and if you want to eat out often. If you could post a link or something that would be very helpful!


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Answer by David M

I doubt there is a website designed to do what you ask for as there are too many variables and there’s a lot of subjective things you raise that are difficult to quantify. But I can tell you this. Those who are the most successful in life typically live well within their means, they live a very frugal lifestyle. They look for ways to earn more money and spend less. They don’t try to figure out how much money they need to earn to live a certain lifestyle. They just try to figure out how they can earn more and then just live well below their income. Sounds like you may already be off on the wrong foot. Good luck.


Answer by Jose Dominguez

I might be wrong, but YOU are the only one who decides which lifestyle you want. If such website existed, life would be easier for everyone. But hey, that’s the beauty of it! You make up your mind of how you want to live and start from there. Research about jobs and salaries, about the city you live in, about your groceries’ prices and when you get all that info you want, then make a decision. Good luck!


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How to calculate the yearly salary I need for the lifestyle I want?

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