Is 500 pounds a lot of money?

£500 is more than a week's take home pay for many people. A couple each on £500 per week could get a mortgage for a £200,000 house, or maybe £250,000 with help from the government.



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It isn't enough for accomodation, not really even if the whole £500 is just for the accomodation. Accommodation would cost more than that, and you would have to have at least £300 for food. If you wanted to visit places like the Tower of London, and even St Paul's Cathedral you would need about £200 for that.

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“Is $500 a lot of money in the US?” The median household income in America is around $60,000 per year, and the poverty line for a single adult is $12,880 per year. So $500 would keep the median household going for about 3 days, or a “poor” person going for about 2 weeks.

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There are also significant regional differences when it comes to general living expenses such as travel, food and childcare. It's thought that a single person living in London will need around £1,500 per month to cover their living expenses and just over £1,200 in Manchester.

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London for a fiver: five things you can do for five pounds or...
  • Set your sights on a Shakespearean play. For only £5, you can score yourself a standing ticket in the yard of Shakespeare's Globe. ...
  • Climb The Monument. ...
  • Laugh your socks off at a comedy show. ...
  • Fill up on samples at a food market. ...
  • Hire a deck chair in Hyde Park.


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On average, it's a good idea to put aside enough for £135 of currency in the UK each day but your budget will ultimately depend on how you like to travel (for example, budget or luxury) as well as how long you'll be away for.

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£100k is certainly a much higher salary than most people in the UK earn - £80k would put you in the top 5% of earners, despite what this guy said during an election debate. A survey taken five years ago found that only about 1 million people earned more than £100k per year.

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