The BBC has just reported on a new study that has defined the minimum income that a family can live on.They found that a couple with two children were said to need to earn a minimum of £18,400 a year each before tax; single people £16,400 a year, while the figure for lone parent with one child is £23,900 and a pensioner couple £12,000 each.
At the bottom of the article you can find links to average salaries around the world.
How does your income stack up? Are you struggling or would you sacrifice some of that money for greater happiness at work? What would you consider a suitable way to make the most of your income? Would you try self sufficiency or upcycling to save a bit of cash or make a little extra? Do you feel you have to sacrifice your dreams to fund your current existence?
The Money Saving Expert site recently published ways to make a little extra and, of course, have lots of saving tips to help stretch every pound to its fullest.
You may like this article about how to reduce your spending and increase your time, but do tell us: how realistic are the ideas here? Do they apply to people like you?
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