Wiz
For info, and living at home sounds brill...for the UK (sorry, don't have a pound symbol on my keyboard), I did some sums on the back of a napkin for your standard 2+2 family who want a decent little life when they get home:
- Mortgage, 4 bed in a decent area of Cheshire: 1500/month*
- School fees, 2 children: 2400/month (
Private education 'costs £286,000' on average - BBC News)
- 2 cars, big and small: 700/month
- Monthly spending money: 4 x 400/week (minimum)
Must have missed plenty of other stuff. If they then want to save, they'll need, what, 300/month spare to make it even count.
That's before saving for the annual family migration to Spain, which is going to cost you 2500. Christmas is going to cost 1000 before it's done.
That means that if you don't want to get into debt and take loans or credit cards, you'll be needing about 82000, net, per year. That works out to 135,000 gross, 150,000 if you're putting 5% into a pension scheme yourself.
I believe that a TRE in a UK lo-co generally makes about that, or a BA/Virgin skipper.
How many TRI/TRE jobs are on offer at the moment?
- Numbers from thesalarycalculator.co.uk
*350k mortgage, 70k deposit, 22 years repayment