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What proportion of your family income goes on mortgage/rent and childcare each month?

(63 Posts)
NorkyButNice Wed 30-Jul-08 19:13:06

Am not interested in any figures, just a percentage.

When we move back to the UK we're looking at spending about half our monthly income on these 2 outgoings, and I'm wondering if it's too much. We haven't agreed on a particular house yet to rent so now is the time to reduce our budget if I should!

FeelingLucky Wed 30-Jul-08 19:14:45

Just over a quarter (but I'm not earning at the moment and DD still goes to nursery).
It will be less than a quarter when I start work in Autumn

hughjarssss Wed 30-Jul-08 19:15:29

Not sure of the actual percentage but it feels like 98%

I do that if I could only spend half our family income on childcare and a mortgage I would dance naked in the street.

hughjarssss Wed 30-Jul-08 19:16:12

*I do know*

Celery Wed 30-Jul-08 19:19:57

Somewhere between a third and a half.

FAQ Wed 30-Jul-08 19:20:30

no childcare costs - but 50% goes on my rent (would be slightly more but I'm getting an excellent deal where I am)

paolosgirl Wed 30-Jul-08 19:21:33

About half. Then we've got petrol, 2 car loans, credit cards, utilities, council tax, food, clothes, after school activities, general costs associated with 3 kids etc etc etc etc ad infinitum

We are skint.

twinsetandpearls Wed 30-Jul-08 19:22:02

Just under 20% on mortgage, this includes payment protector and house insurance.

Childcare, before and after school is 3 %.

MegBusset Wed 30-Jul-08 19:23:21

No childcare costs, but mortgage is about 1/3.

reethi96 Wed 30-Jul-08 19:29:49

About 55% on mortgage. No childcare costs.

Eve34 Wed 30-Jul-08 19:34:34

33% on mortgage. doesn't sound to bad does it, but feels like it is killing us.

MaloryDontDiveItsShallow Wed 30-Jul-08 19:36:49

Message withdrawn at poster's request.

allgonebellyup Wed 30-Jul-08 19:38:09

about 55%, am single parent, every penny i earn pays my mortgage. The rest i live off is child maintenance and tax credits.

IAteRosemaryConleyForBreakfast Wed 30-Jul-08 19:38:54

45%. No childcare (we have a single income as DP is a SAHD).

Surely actual figures are important, given that if you earn £50k a year then you've still got £25k to play with after the mortgage is paid, but if you earn £15k a year then the remaining £7500 isn't going to go very far at all?

We're penniless at the moment. Dreading the energy price increases. Might have to curb my MN usage shock

TigerFeet Wed 30-Jul-08 19:41:58


counts fingers

about 40%

I am shocked actually. I thought it was a lot more than that.

TheFallenMadonna Wed 30-Jul-08 19:43:50

About a third on mortgage. None of childcare. Am SAHM ATM. When I go back to work after the hols, mortgage will be about 25%, childcare about 10%.

lou031205 Wed 30-Jul-08 19:50:04

About 40% - no childcare.

catweazle Wed 30-Jul-08 19:54:04

29% on mortgage (including endowment and income protection) and another 19% on chilcare

brimfull Wed 30-Jul-08 19:58:37

mortgage about 30%,no child care

ScummyMummy Wed 30-Jul-08 19:59:01

about 45% on mortgage.
until recently about 6% on afterschool club but now we're doing flexible working instead.

kaz33 Wed 30-Jul-08 20:06:40

33% and about 10% on debt repayment sad

NorkyButNice Wed 30-Jul-08 20:12:22

Thanks everyone - it sounds like 50% is above average.

I know that the figures do make a difference but I wasn't about to ask what everyone's income is (a bit brazen even for me!).

My only concern is what happens if one of us loses our job - obviously DS would leave nursery but it'd still be a large proportion of our income going on rent.

tink123 Wed 30-Jul-08 21:29:39

25% on mortgage and 0% on childcare (school/family)

MrsTittleMouse Wed 30-Jul-08 21:47:03

40% on rent (of take-home, not gross pay). 0% on childcare (but of course I don't bring in any money as a SAHM).
Our next biggest expense is council tax which is 7% of take home (while we're talking budgeting).

ChasingSquirrels Wed 30-Jul-08 21:47:37

0% on housing and about 7% on childcare (my mum), though ex pays the cm on the day that he drops the children there.

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