are you earning enough? how much earnings is enough?

Philippines
April 27, 2007 9:16am CST
i'm not talking about just your mylot earnings... i want to talk about how much one should earn in order to provide just the basic needs of a family. what is an ideal income these days? people seem to look for lots of means to earn more money, that it seems that what we currently earn is never enough. would you agree?
5 people like this
10 responses
@easy888 (10405)
• Australia
28 Apr 07
Hello,mylesnarvaez ,of course we cannot earn enough in mylot, if you are talking about my income,i would say that i just earn enough for living,i can just be able to support the basic needs.Of course everyone want to earn more, if you ask me how much is enough ,i will tell you i will be happy to support my basic needs and in addition to have a bit saving for me every month, that is enough for me.I always think there is something more important than money,for example,health,friends,family.If I have all of them,i will be happy even i can just support my basic needs.
• Philippines
30 Apr 07
great. ;) if you don't mind my asking, how much in australian dollars would be comfortable enough to cover for basic needs of a couple in your area in a month? including a small apartment, food, utilities etc. i started this discussion, coz my boyfriend and i are talking about our combined income, like how much we should earn if we were to move to australia. :) thanks.
1 person likes this
@easy888 (10405)
• Australia
30 Apr 07
If you are talking about basic needs, I think you have to prepare 1200 dollars per person..:)so how much is it in your currency?
1 person likes this
• Philippines
30 Apr 07
thanks! 1200 australian dollars is something like 48000 philippine peso. :)
1 person likes this
@ryanphil01 (4186)
• Philippines
30 Apr 07
i just want to share this story of a janitor who works in an office in Makati. He earns around P7000 a month which he spends to feed his family who is living in a rented room near Guadalupe (a few kilometers away from Makati). He has 2 kids both studying in elementary. He is able to buy good food for his family. He manages to give time for his family to visit the nearest SM Megamall at least twice a month. Surprisingly, he has saved some amount for one of his children who would be celebrating his birthday soon. What a responsible father he is. Was his salary enough to accomplish these things? Here's another guy working at the same office who is earning P15 thousand monthly. He is a yuppie who likes to go with his friends all the time after office hours. He goes to disco bars and all sorts of concerts. He his living with his well-off parents. He even has his own car. At the end, he says his income is not enough. This simply tells us that our earnings are considered enough if we only know to handle our finances properly. The rule is DON'T SPEND MORE THAN WHAT YOU EARNED. DO NOT ASK OR LOOK FOR MORE which you can't possibly have.
• Philippines
23 May 07
thanks for selecting mine as best response. God bless.
@mimpi1911 (25454)
• India
28 Apr 07
hi myles, i work in a hospital as a secretary to the director. it's a challenging one , not prospective enough though. but i am quite into it and is not thinking about switching to some lucrative job right now. obviously my boss is a gem of a person. i earn average or may be less than it but given that i donot have anyone else to look after except my parents, it's pretty okay. and guess what, they maintain the core and me aswell. thanx maa and bapi. that was my story now generally, i think, there is no end to need and for that matter alone ppl run after money. we think, money can buy anything on earth. i donot blame them, after all they do have lot of responsibilities to deal with. for me, however, money gives a power, a power to give it away. thanx for a pertinent thread.
2 people like this
• Philippines
30 Apr 07
thanks for sharing your story. when we do have it, we have the power to do what we want with it... keep it, share it... or give it away. :) i earn more than enough for myself. but because i help out with my parents, my siblings and their family (my nephews and nieces' education and other expenses)... i tend to give more for them than for myself. that's why, i for 1 don't seem to earn enough. :)
1 person likes this
@ethanmama (1746)
• Philippines
27 Apr 07
I think there are very few people who will really say that, yes, they are earning enough. If we come down to it, we can survive on just the basic necessities like what the "squatters" do--have 10 children and have dilute instant noodles for breakfast, lunch and dinner for the whole family, all for about fifty pesos a day, if they were lucky to get the money. But, truly, is that the lifestyle that you want? I would want a lifestyle that would allow me NOT to worry about where to get the money when somebody in the family needs hospitalization, a lifestyle that would allow me to eat what I want, give my children a good education and enjoy my twilight years. For that, I'm afraid I do not think I earn enough :P.
2 people like this
• Philippines
27 Apr 07
i'm afraid i don't either. -lol- coz like you i want a better standard of living for myself and my family. :) coming from a very poor family, i know how hard it could be... thinking about when your next meal would gonna be.
• Romania
27 Apr 07
Our tendency is to never be satisfied with what we earn, regardless the amount. It can't be said a generic amount for a basic living because the social standards are different from country to country, from economy to economy.
2 people like this
• Philippines
27 Apr 07
no satisfaction, yes, a very human trait. :) aren't you just amazed how starkingly different basic living standards are for different countries... from the first world compared to a third world country? --- BIG, big difference.
1 person likes this
@coolcat123 (4392)
• India
30 Apr 07
I think man is never satisfied with what he gats ,he always want more and his wanting lists never have an end. here where i live is a rural area and people dont have much money,but they r happy with that bcoz the love between neighbours and friends r still there. for them money is not the most important thing in life. Rs.10,000 is fine for us but they even earn less than that.sometiems its even hard to buy household things.
1 person likes this
• Philippines
30 Apr 07
so it's a matter of contentment, living with what we have and what we value more than the money itself. thanks. :) goodluck on reaching 1000 posts. :)
• India
30 Apr 07
thanx dear,u are the first to wish me luck for the 1000 runs.hey,i am on my way to century. wish u too soon reach ur 1000 points.
@feliniti (875)
27 Apr 07
What is an ideal income? This will vary between countries. It will depend on the economy of that country. The price of living can be higher to provide essential needs, from one place to another. Even inside of a country, it can be more expensive to live in one area than another. Take London and the South for example, it is much more expensive to by food housing and clothing, than in the North of England, or Wales and Scotland. In any case I don't think it is ever possible to earn enough money. There are always expenses to pay for. It often seems that the more we can earn, the more we can spend. We would just spend more money on holidays, better food or clothing for the family, and other expenses. There is a level where we can be content, that is if the budget is just right and the growth rate and expenses are sustainable. That is an ideal. :)
@TeddyT (32)
• United States
28 Apr 07
MOney never seems to be enough. Once u adjust to a pay scale (life style) u only want more. once u have it all u don't know what to do with it. Thats why most rich and famous people are messed up behind closed doors.
2 people like this
• Philippines
30 Apr 07
so it's a lifestyle. living within your means. not just a matter of earning enough. :) thanks for both your responses. :)
1 person likes this
@magnel (2263)
• India
26 May 07
Ya, i'm looking for earning not only the basic needs of the family, but some extra more so that fun and life can be enjoyed to the maximum possible extent...
1 person likes this
@zed_k4 (17627)
• Singapore
23 Oct 09
I think I'm earning pretty enough to support my parents. Anyway, my parents have their own income, but I feel like it's my duty to give them some money too. It's like my way of showing my gratitude. I think for a family of 3-6, around 2-3k plus per month is alright. The more the better, so that the extra amounts can be saved. I think the cost of living nowadays have risen and it's beyond me at times how product A's price used to be rather than 10 years back or so..
• Philippines
23 Oct 09
hehe... so you also found your way to my older discussions! tnx you mentioned 2-3k... in US$? it's great to know you are financially supportive of your family. a typical trait of members of close-knit families. and yes, the cost of living has risen quite significantly that if one happens to be earning less than average, then the quality of living or the lifestyle would seem less and less.
1 person likes this
@zed_k4 (17627)
• Singapore
25 Oct 09
Nope2x, that's in my currency... It's certainly my pleasure, you do have some great discussions going on. Sometimes, it's not really about how much earnings, but how we control our finances, really..
@balasri (26553)
• India
15 Aug 09
Iam earning sufficient amount to lead a life withut any debts.I am not filthy rich.But I always consider myself lucky looking at the other poor people.But I have not given up my effort to earn more to beat the inflation and the rising prices.