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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

High earners - how do you spend your salary?

988 replies

Citygirly · 21/05/2022 10:03

DH and I earn just under £140k combined.

We do maximum pension payments (his is 9% as NHS) and we also give about 10% a month to charity.

Other than that, we plan to start overpaying the mortgage. We invest £1k a month (so £500 each) and save £1k for holidays. We of course do general/specific savings but then have a good chunk left over for disposable income.

AIBU to ask other high earning households how they tend to allocate their money? Just want to see if we could be using it better or this is about right for comparables.

OP posts:
lancsgirl85 · 21/05/2022 13:10

Someone on this thread can't afford to buy a loaf of bread today, whilst another person is buying luxury cat food.

Why is there such inequality? 😓 (probably a rhetorical question really. Just saddens me).

TomatoorChips · 21/05/2022 13:09

Hintofreality · 21/05/2022 12:49

We stash a fair bit away so, once the crotch goblins have grown and left home, we can spend our days eating out and getting well and truly shitfaced in our old age.

I am living your future life.

NoraNancy · 21/05/2022 13:08

🤣🤣🤣

RedMake88 · 21/05/2022 13:08

School fees

Woundabout · 21/05/2022 13:07

@CockSpadget why not? It’s something she wants to discuss.

Should we not discuss children as people with infertility could be upset?

Or not discuss partners in case someone looking for one is upset.

having money doesn’t make people insensitive to those that don’t - often far from it - but it also doesn’t mean they are not ever allowed to discuss it.

evtheria · 21/05/2022 13:07

@Merryclaire I agree with you there, I think it's more for Money Matters - don't get what's the aibu bit... Perhaps 'AIBU to post we're actually quite well off?' Grin

RosesAndHellebores · 21/05/2022 13:05

Oh and just a thought I'm off out in a minute to buy the cat his luxury cat food.

justasking111 · 21/05/2022 13:03

Would be interested to know the ratio of self employed to PAYE high earners

CockSpadget · 21/05/2022 13:03

orwellwasright · 21/05/2022 13:03

Knowing how other people spend their money is massively important for social mobility

I totally agree. When I heard how much Brooklyn Beckham's wedding cost I actually went up two whole social classes! I was languishing as manual unskilled before but now I'm a professional!

😂

orwellwasright · 21/05/2022 13:03

Knowing how other people spend their money is massively important for social mobility

I totally agree. When I heard how much Brooklyn Beckham's wedding cost I actually went up two whole social classes! I was languishing as manual unskilled before but now I'm a professional!

Lessofallthisunpleasantness · 21/05/2022 13:02

JenniferPlantain · 21/05/2022 12:21

We buy poor people and once a month we release them into a field and hunt them for thrills.

Sorry, this actually made me giggle so much I pee'd myself!

dianthus101 · 21/05/2022 13:02

minipie · 21/05/2022 12:51

Getting cross about this thread is a bit like saying there shouldn’t be any threads about activities to do that with the DC, because some are struggling with infertility.

It’s a legitimate question to ask, if it upsets you that some people earn a lot then scroll on.

Exactly. I can't walk very far so should I complain about any thread where people talk about running or nice walks? If people don't want to read the thread they can just not read.

Bet01 · 21/05/2022 13:02

Combined gross salary is £220k. It goes on large pension contributions, DS’s school fees, savings and investments, holidays, we have people over for dinner quite often, eating out, a whopper of a mortgage. We are very fortunate and privileged to be able to do all of these things though, and I’ll always be thankful that we don’t have to worry about money. It wasn’t the same for either of our respective parents.

speakout · 21/05/2022 13:02

OH and I are not high earners, but we earn more than we need.
We just save it.
We may spend it in our retirement, but otherwise happy to leave it to our kids.
Will give them a leg up that OH and I never had.

Merryclaire · 21/05/2022 13:00

@evtheria I don’t mean to be - but you can’t post this on the AIBU board without expecting some stick!

lancsgirl85 · 21/05/2022 13:00

orwellwasright · 21/05/2022 12:52

I draw out around a thousand each week in £50 notes then burn them in front of poor people.

😂😂

CockSpadget · 21/05/2022 13:00

This is a post from someone asking strangers how they should spend their excess money. To those defending it, why?

NohoHank · 21/05/2022 12:59

orwellwasright · 21/05/2022 12:52

I draw out around a thousand each week in £50 notes then burn them in front of poor people.

😂

ThinkAboutItTomorrow · 21/05/2022 12:59

Max out pension. You can put £40k a year in tax free. At your salaries that's the best way to save as it cuts 40% off tax.

Indoctro · 21/05/2022 12:59

My husband used our extra cash to buy gold and silver, to protect our money.

ItsSnowJokes · 21/05/2022 12:57

Woundabout · 21/05/2022 12:02

I wouldn’t call that particularly high earning but I guess depends where you live. In London it wouldn’t go far - I’m single but earn quite a bit more than half of that and don’t feel high earning so money goes on usual things - holidays, house, mortgage, going out.

Yawn! At 140,000 they have an income higher 98% of the population - equivalent to about 64.3 million individuals. So ffs yes, it is a massive income, London or not London.

lancsgirl85 · 21/05/2022 12:57

monicagellerbing · 21/05/2022 12:52

Lovely thread this morning when I don't have enough money to buy bread today

😢

GenderAtheist · 21/05/2022 12:57

The thread title is very clear. If you don’t want to talk or read about this topic, just don’t click on it. Simple.

Isonthecase · 21/05/2022 12:56

@Pollydonia I think that security for yourself and the people you care about is the best thing money buys.

Merryclaire · 21/05/2022 12:55

minipie · 21/05/2022 12:51

Getting cross about this thread is a bit like saying there shouldn’t be any threads about activities to do that with the DC, because some are struggling with infertility.

It’s a legitimate question to ask, if it upsets you that some people earn a lot then scroll on.

I’m not really cross - it actually made me laugh. I just find it tone deaf!