High earners - how do you spend your salary?

I like to have my chauffer drive me down the streets in my open topped Rolls Royce while I throw tenners out with gay abandon, while laughing at the peasants rushing to gather them up.

Oh, seriously - jog on. Interesting first post or name change. As you say - interesting!

We save 80% of our income (my husband and I are both additional rate taxpayers). The rest is spent on eating out (sometimes fine dining), holidays, clothes for the family, renovations (we always have a project of some sort going on), personal trainer, personal pilates instructor, cleaners, private, taxis (we don't drive), groceries from places like Borough Market, Eataly, Nottinghill Fish Shop, Natoora etc. I guess we will be paying for private school come September.

I personallg save 24k a year + 13% into pension. We have a small mortgage. Fund school fees for 2 kids via bonuses (rest of it is saved - so add another 20k to savings in DH’s name) but have enough saved to cover them in full until 18 if ever needed.

Expenses are highish at the moment - 2k a mth. This will change massively from next month as we’re trying to cut down food expenses by only eating seasonal. It’s our biggest weakness as DS and DD love super expensive fruit and veg - eg we can go through £6 of blackberries and £7 of strawberries every 3 days and £20 of mangoes every week which is crazy.

Finding this thread very useful - even if I understand it can be annoying to less fortunate readers.

In a similar situation as mentioned by others. My DW and I don’t come from very wealthy families, we earn much more than our friends, and we don’t really discuss how we spend our disposable income w our co-workers. So this thread is very informative.

Our joint income is over £600k and has been for a few years. This is really an insane amount of money to us as we don’t come from money, and as a result it doesn’t really feel quite real. Hence we sometimes feel we are quite (too much?) conservative with our spending.

Monthly’s: Mortgage payment (£6k), school fees (£3k), food, utilities, restaurant, social, subscriptions, maintenance, cars ownership etc… (£3k)… holidays (£2k) - the rest is mainly savings (£15k)

We save as much as possible as we want to be financially independent before 50y/o and our jobs are not 100% secure.

Because of how we were raised, we don’t splash on expensive clothes, watches and other external signs of wealth. I drive a 5y/o Volvo and my wife a 6y/o merc. I also own a cheap and rusted 1966 Land Rover :-)

Sometimes seeing people earning much less and seeming to spend way more on luxury holidays, new flashy cars etc… I am wondering whether we’re just too cheap and should spend more on things life has to offer before it’s too late (YOLO).
We like the fact that our kids aren’t spoilt though.

This is why I find this thread interesting.

Armed guards
Barbed wire
Peasant poison

@Citygirly
www.dailymail.co.uk/femail/article-10854049/High-earners-reveal-really-spend-money.html

A number will be drawn by this..

And yet, here you are, on this thread.

I'm not remotely interested in what other people choose to spend money on. I'm sure I can't be the only one.

Most people are interested in what other people choose to spend money on though so it is quite an interesting thread.

What a ridiculous thread this is.

Its obvious that the self-professed "high earner" OP on her £70k or whatever, could we'll find she has less disposable income if she's living in London, than someone on half of that living in a cheaper area in the North.

The real 'high earners' in the U.K. are not salaried people at all. They are risk-takers and entrepreneurs. They routinely make or lose many multiples of the OP's income on the City Index or as part of their investment portfolios on a daily basis. Yes, that may sound like a risky way to live and it is, but these people are the wealth-creators and provide hundreds (maybe even thousands) of jobs within the economy. They don't think in terms of "salary." And many if these people are immigrants by the way who came here from countries with no safety net and started from rock bottom. Not an Oxbridge grad or public school type among them, I can assure you of that. I'm talking about people who have created thousands of jobs and built up companies worth millions, even billions. Normal people.

@Robinni

No need to reflect, thanks for the advice though.

@Topgub you’ve had a few posts deleted for a start… I’m sure you can reread your posts and reflect.

SlightlyGeordieJohn
haha give it a rest, iv read your past posts on this thread and you clearly think yourself a cut above others. Christ pot kettle comes to mind!

@Robinni

Oh behave

I havent behaved like anything and my (absolutely valid ) points on a forum have little to do with my professionalism.

If you could quote where I've been hateful that would be great

Interesting that you dont think your own comments are rude or those of others who have been really disparaging about lower earners

@SlightlyGeordieJohn

Ummm. I havent treated anyone like anything

🤷‍♀️

I havent been personal or rude. I havent said I'm better than anyone (because of my job or otherwise)

You on the other hand...

No, you aren’t right, but you do seem to think that the job that you do makes you better than other people. You have a rather higher opinion of yourself than your posts on here suggest is deserved.

Pension
Savings
Children's savings
Over paying the mortgage
Cash buying big purchases like cars
Holidays

@SlightlyGeordieJohn

I'm not sure those words mean what you think they do.

Are you trying to say I'm right and you're getting annoyed because you can't prove me wrong?

Imagine thinking having more money than other people makes you better.

Cringe

@SlightlyGeordieJohn

Not every night but he's bandy legged after thats for sure.

And my teenage ds called me an arsehole the other week so can't win em all I guess.

Of course you are champ. You keep telling yourself that. Probably making love with your partner every night too and your children really respect you.