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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
123ROLO · 25/05/2022 10:00

I agree it's in bad taste.

I know no one has to click on it. But even the title of the thread, amongst the many threads on the cost of living crisis, it just sticks out like a sore thumb for being crass.

Also, it isn't comparable to people posting threads about wanting another baby or pros and cons of having a baby upsetting those with fertility problems. It is 'mumsnet', it is expected people will want to discuss babies. And usually, those threads raise genuine suggestions and perspectives around life choices and parenthood. All this thread does is just list where people's excess money goes.

I don't understand how people who are apparently smart enough to earn big bucks can think of that as an appropriate comparison.

Merryclaire · 25/05/2022 09:45

Citygirly · 25/05/2022 07:07

Did you miss my last post? Clearly ignoring direct questions but happy to come on here with a negative attitude. No one has forced you to come on this thread. Maybe engage with a thread that is more appropriate for you and won't elicit feelings of rage?

I’m not enraged - I’m utterly bemused by the thread! I honestly can’t tell if your post was genuine. If not, it’s in pretty poor taste, but if it is real then I do find it very strange.

You would have to be pretty indifferent about others’ feelings not to notice the huge number of responses from those who feel your post was tone deaf, and that you have stirred up a big debate on here about social inequality.

I also find it odd that you have been asking about the cost of private school ski trips and music lessons when you say you aren’t planning to have kids for a few years - how does this bear any relevance on what the cost will be and whether you will justify the expense of a class ski trip 15 years from now? The detailed childcare arrangements are slightly less odd but still may not be relevant when the time comes.

Presumably you would use a financial advisor to discuss major investments for you money, rather than asking strangers on the AIBU? board. But why would how they spend their disposable income bear any relevance to you and your life? So what if they have a designer handbag collection, a second home or horses? Isn’t that all down to personal preference? It’s not really a problem that you need input for.

MrsPetty · 25/05/2022 07:31

@Robinni thank you so much 🙏🏻 I’m hoping that the school will email their work to me. I was a home educator for several years and if course through the pandemic too. DDs are 12 & 13 right now - will be 13 & 15 when we leave. This was a consideration. We wanted an adventure with them before they’re ready to fly the nest. We’re going to set up a YouTube channel to watch in our dotage 💕 I hope the hive follow us. My DH is fucking hilarious 😂

G5000 · 25/05/2022 07:21

I'm waiting for someone to go on pregnancy threads complaining how insensitive it is to ask advice when many people can't even have children. How about jumping on a wedding board and telling them off for planning their invitations when some people can't even get their boyfriends to propose?

Citygirly · 25/05/2022 07:07

Merryclaire · 25/05/2022 05:58

I’m just waiting for someone to start a thread called ‘Lottery winners - how do you spend your millions? I am struggling to know what to do with mine!’

Did you miss my last post? Clearly ignoring direct questions but happy to come on here with a negative attitude. No one has forced you to come on this thread. Maybe engage with a thread that is more appropriate for you and won't elicit feelings of rage?

OP posts:
BellePeppa · 25/05/2022 07:01

Merryclaire · 25/05/2022 05:58

I’m just waiting for someone to start a thread called ‘Lottery winners - how do you spend your millions? I am struggling to know what to do with mine!’

😂😂

Merryclaire · 25/05/2022 05:58

I’m just waiting for someone to start a thread called ‘Lottery winners - how do you spend your millions? I am struggling to know what to do with mine!’

Kellykukoo · 25/05/2022 00:54

@Touchmybum

You didn't have to click on this thread much less post on it. The title is quite explicit. Feel free to start your own thread on your own topic.

Touchmybum · 25/05/2022 00:45

Such an entitled, insensitive post! Nobody cares what you do with your huge salaries! Most of us are just trying to get by 🙄

Robinni · 25/05/2022 00:17

@MrsPetty the cruise looks incredible, have an amazing time!

A couple I know did something like this, they had already lived abroad and decided to travel for a year as a family before returning to the U.K. They had homeschooled so just continued, then got extra tuition upon return. They felt worthwhile kids got to experience the world with them. How exciting for you - enjoy!

MrsPetty · 24/05/2022 23:58

@locok We’re both self employed…not sure how DCs school is going to feel about it though 😬

Mummumtum · 24/05/2022 23:18

Starting a savings pot for round the world cruise as we speak 😂

locok · 24/05/2022 23:02

@MrsPetty how did you get so much holiday allowance?

Egghead68 · 24/05/2022 20:22

Thank you @MrsPetty. Holiday of a lifetime!

Madbamboo · 24/05/2022 20:19

Thanks. So £100k for a couple, quite a lot of money but a whole 9 months and once in a life time experience. I shall aim to go in 10 years time after the kids leave home 😝..
Have a fabulous time!

MrsPetty · 24/05/2022 20:10

@Egghead68 @Madbamboo It’s 52k each 🤦🏼‍♀️ It sounds such an awful lot of money and it is! But we won’t have any expenses for nine months, it includes everything from laundry to drinks … DH is semi retiring just as we leave & he’s 💯 earned this! Our DCs not so much 😂

Madbamboo · 24/05/2022 19:54

Interested to know how much too @MrsPetty so I have a goal to work towards to 😉✌

Xenia · 24/05/2022 19:17

Have a lovely time (and avoid covid - cruises have not had a happy time with the pandemic). I also booked our holiday today (first one for me since summer 2019 as 2020 and 2021 holidays were each cancelled by the holiday company two weeks before we were due to leave.

Egghead68 · 24/05/2022 18:22

Have a fabulous time!

Egghead68 · 24/05/2022 18:22

MrsPetty · 24/05/2022 16:36

We’re doing this 🤣
www.royalcaribbean.com/ultimate-world-cruise/
and we like cars …

Amazing! Can I be cheeky and ask the ballpark price per person?

MrsPetty · 24/05/2022 17:56

Thank you.

Citygirly · 24/05/2022 17:01

MrsPetty · 24/05/2022 16:36

We’re doing this 🤣
www.royalcaribbean.com/ultimate-world-cruise/
and we like cars …

That looks amazing!! Blush Have the best time!!

OP posts:
MrsPetty · 24/05/2022 16:36

We’re doing this 🤣
www.royalcaribbean.com/ultimate-world-cruise/
and we like cars …

BellePeppa · 24/05/2022 15:59

Citygirly · 24/05/2022 14:09

@Merryclaire not that detailed by my standards. The grandparents don't care and have agreed to help on those terms in the future so not sure why you're taking issue when it doesn't concern you at all?

Hadn't heard of a faberge egg before but thanks for the education. Do you have one?

I’d be very surprised if anyone on MN had a Faberge Egg😯

Topgub · 24/05/2022 15:14

@Robinni

That its more likely to exist (easier to support kids in education if you value education etc etc) if you have money.

Thats nothing like saying people who don’t have money….

are incapable of being decent parents loving and supporting their children