Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To be so annoyed at this woman's financial incompetence

136 replies

LovingLimePeer · 11/03/2025 10:32

https://www.dailymail.co.uk/money/mailplus/article-14476595/six-figure-salary-rich-comfortable-heres-why.html?ico=mol_mobile_home&login&signinStatus=registered&signinMethod=google&dataCaptured=true&flowVariant=social_registration_nosubscribe#

For 1 person:
£500 on food
£750 on car expenses
£650 on cost of dog ownership
'a few holidays per year'
£250 cleaner

£200 pension (not enough!)

I'm just so fed up of all these well-paid financially illiterate people writing sob stories for the telegraph/daily mail about how they can't survive on their salaries.

This woman complaining about her £100000 salary not being enough could save £2100 per month if she bought a sensible car, didn't have dogs/a cleaner and took in a lodger.

With £2100 she could pay off her 23 year mortgage in just over 5 years OR
Retire at 68 with a pension pot in today's money of ~£1460000 (i.e. retirement income of £58000 per year in today's money). Not including money already saved in a pension.

If I assume she has saved £200/month into a pension for her whole career, she would have ~£427000 at retirement, enough for £17000 a year private pension, which given her extremely high expenditure.is simply not enough.

She thinks earning £20000-£40000 more would be enough but this is an expenditure, rather than income issue.

I'm just fed up of these people complaining. I suspect they'll end up poor in retirement, having never learned to live within their means with the rest of us paying for their stupidity.

I earn a six-figure salary but it just isn't enough. And here's why...

A meagre two per cent of people in the UK earn above £100,000, according to the ONS. But here, solicitor Kate Flounders explains why her six-figure salary leaves her wanting more...

https://www.dailymail.co.uk/money/mailplus/article-14476595/six-figure-salary-rich-comfortable-heres-why.html?dataCaptured=true&flowVariant=social_registration_nosubscribe&ico=mol_mobile_home&login=&signinMethod=google&signinStatus=registered#

OP posts:
Viviennemary · 11/03/2025 11:57

She is a silly twit after a bit of fame.,

WhatWasPromised · 11/03/2025 11:57

9fthighfence · 11/03/2025 11:50

I really don’t get the whole car thing. We bought a 2nd hand Skoda Octavia 8 years ago second hand, 2 years old. £10k. It has only needed the tyres and break pads replaced. Our pre tax income is about £250k a year so we could probably afford anything but why? What’s the point? Why are people spending so much on financing ludicrous cars? Is it the female equivalent of a man with small bits buying a BMW? It’s still the same person in the car. Still the same person getting out of the car. Just a somewhat less rich person.

But you could say that about anything, you don’t understand why she’d want to go on holiday in a touring caravan or why people have dogs. It’s just a choice, some people like cars

Badbadbunny · 11/03/2025 11:56

BassesAreBest · 11/03/2025 11:50

What is the strange obsession on here with taking in a lodger? It’s become the new “take in ironing”

And you can guarantee the vast majority of people saying it won't do it themselves - it's another one of those things that "someone else" should do, like all the cries for higher taxation - it's always "someone else" who should pay more!

BunnyLake · 11/03/2025 11:56

God it annoys me when someone is on a good salary but they (voluntarily) increase their living costs then moan they're broke.

If you had £100million but spent £90million of it on a house you’d be complaining you were broke because you can’t afford the upkkeep.

You cut your cloth whether you're earning £20k pa or £500k pa.

Huckyfell · 11/03/2025 11:55

Darkrestlessness · 11/03/2025 10:34

Stop reading the daily mail and the telegraph - problem solved!

i would go further than that. Guardian, BBC, Mirror, Express etc, Journalists are paid to make folks read their news. They are never going to tell you the truth as no one wants to hear that..

LovingLimePeer · 11/03/2025 11:55

valder · 11/03/2025 11:45

I'm in the same boat as that woman. Except I budgeted wisely and now have loadsa dough and a very handsome pension. 😉

I respect that. Money buys a lot of freedom with sensible choices and delayed gratification.

OP posts:
HellDorado · 11/03/2025 11:54

If a friend or relative was earning that sort of money and then trying to tap me up for a loan, then yes, I’d be angry. A stranger whose choices have no effect on me moaning in a paper I don’t have to buy? Who cares?

ssd · 11/03/2025 11:52

I dont understand how someone is clever enough to earn 100k yet stupid enough to sell yourself looking like an idiot for the daily mail

RedCatBlueCatYellowCat · 11/03/2025 11:52

My initial response was that she is self employed so should be able to walk and care for her dogs around that. But her two dogs in daycare are still a lot cheaper than even one child in full time nursery.

Her point about single people paying more tax is about the only valid one. Everything else is just lifestyle choices she has made, which makes her a very poor (pun intended) example of the point. Far more relevant would have been to find someone on a more average income, with more typical outgoings and lay out how tight it can be. That would not fit the DM schtick and desire to provoke frothing in the comments section though.

I suspect she has seen this article as a PR piece for her business. I hope that doesn't backfire for her.

9fthighfence · 11/03/2025 11:50

I really don’t get the whole car thing. We bought a 2nd hand Skoda Octavia 8 years ago second hand, 2 years old. £10k. It has only needed the tyres and break pads replaced. Our pre tax income is about £250k a year so we could probably afford anything but why? What’s the point? Why are people spending so much on financing ludicrous cars? Is it the female equivalent of a man with small bits buying a BMW? It’s still the same person in the car. Still the same person getting out of the car. Just a somewhat less rich person.

BassesAreBest · 11/03/2025 11:50

What is the strange obsession on here with taking in a lodger? It’s become the new “take in ironing”

westisbest1982 · 11/03/2025 11:49

WhatWasPromised · 11/03/2025 11:48

Why does it? I had a sensible family car that cost me:

£400 on lease (had no car to px for deposit)
£80 on insurance
£15 road tax
£50 budgeted for repairs/tyres

That was just a standard large family car, not like an Audi or bmw etc

Because paying a monthly lease on a depreciating asset is for mugs.

WhatWasPromised · 11/03/2025 11:48

westisbest1982 · 11/03/2025 11:41

Spending £750 a month on a car means she’s not the sharpest tool in the box.

Why does it? I had a sensible family car that cost me:

£400 on lease (had no car to px for deposit)
£80 on insurance
£15 road tax
£50 budgeted for repairs/tyres

That was just a standard large family car, not like an Audi or bmw etc

babyproblems · 11/03/2025 11:47

I read this and thought the same thing !
she is incompetent clearly.

valder · 11/03/2025 11:45

I'm in the same boat as that woman. Except I budgeted wisely and now have loadsa dough and a very handsome pension. 😉

LovingLimePeer · 11/03/2025 11:44

MounjaMum · 11/03/2025 11:32

I think you are very unreasonable - what is the point of earning 6 figures if you cannot enjoy life and that includes (nice car, nice house, cleaner etc).

  • why should she have a lodger? she earns enough to enjoy her house on her own.
And how are you paying for her stupidity? she is paying lots of taxes on this salary She may not be spending her money wisely according to you, but that doesn't make her stupid or illiterate. The only thing that makes her look stupid is moaning about it in the daily mail!

That particular comment was not based on the present time. My point is that she is saving nowhere near enough to afford what she would class as comfortable for her retirement.

We'll get another article in 20 years about her living in pension poverty because she has not put enough aside for her future despite having the means to do so now.

My comment on her financial illiteracy is based on her stating that she requires £20000-£40000 more to even be comfortable, nevermind rich. In my view, she has more than enough to be very comfortable. She has no income issue. Any perceived issues she has about her ability to afford a comfortable life are related to what she chooses to spend her money on.

OP posts:
westisbest1982 · 11/03/2025 11:41

Spending £750 a month on a car means she’s not the sharpest tool in the box.

Badbadbunny · 11/03/2025 11:38

Everanewbie · 11/03/2025 10:59

A sensible car would save her quite a lot. And we all love a bit of downtime, but managing her garden and her domestic stuff too could see here save a fair wad.

Mind you, if you can get over the indignant rage, she's got a point. £100K is the new £40k in terms of the lifestyle it brings. If she threw childcare costs in the mix with all that there'd be nout left.

Plenty of people would love to earn £100k but with housing costs and childcare, £100k isn't the promised land people think it is. And if you earn more you start to lose your personal allowance, falling into the 60% tax trap, and have the childcare cliff edge. Progressive taxation and the freezing of thresholds has really clobbered the middle - high earners.

Nail on the head. Someone with the qualifications, skills, experience etc to earn £100k SHOULD have a much better lifestyle than someone less qualified, less experienced, less skilled, etc., earning half or a quarter of that.

Of course she shouldn't be expected to take in a lodger, run a bottom of the range cheap car, shop only at Aldi and never go on holiday.

As you say, we really shouldn't be in a race to the bottom. There needs to be incentives for people to work harder/more, to get qualifications, to learn new skills, to take more responsibility, etc. If you're not going to have a significantly better standard of living, then why bother and why not just go and work in Tesco and claim top-up "in work" benefits.

WhatWasPromised · 11/03/2025 11:34

If you actually read the article, in amongst all the waffle she makes reasonable points around paying more tax than two people earning the same and how it’s harder for people living on their own.

Yes some of her expenditure is on the ‘nice to haves’ but shouldn’t she have those things on that salary?

MounjaMum · 11/03/2025 11:32

LovingLimePeer · 11/03/2025 10:32

https://www.dailymail.co.uk/money/mailplus/article-14476595/six-figure-salary-rich-comfortable-heres-why.html?ico=mol_mobile_home&login&signinStatus=registered&signinMethod=google&dataCaptured=true&flowVariant=social_registration_nosubscribe#

For 1 person:
£500 on food
£750 on car expenses
£650 on cost of dog ownership
'a few holidays per year'
£250 cleaner

£200 pension (not enough!)

I'm just so fed up of all these well-paid financially illiterate people writing sob stories for the telegraph/daily mail about how they can't survive on their salaries.

This woman complaining about her £100000 salary not being enough could save £2100 per month if she bought a sensible car, didn't have dogs/a cleaner and took in a lodger.

With £2100 she could pay off her 23 year mortgage in just over 5 years OR
Retire at 68 with a pension pot in today's money of ~£1460000 (i.e. retirement income of £58000 per year in today's money). Not including money already saved in a pension.

If I assume she has saved £200/month into a pension for her whole career, she would have ~£427000 at retirement, enough for £17000 a year private pension, which given her extremely high expenditure.is simply not enough.

She thinks earning £20000-£40000 more would be enough but this is an expenditure, rather than income issue.

I'm just fed up of these people complaining. I suspect they'll end up poor in retirement, having never learned to live within their means with the rest of us paying for their stupidity.

I think you are very unreasonable - what is the point of earning 6 figures if you cannot enjoy life and that includes (nice car, nice house, cleaner etc).

  • why should she have a lodger? she earns enough to enjoy her house on her own.
And how are you paying for her stupidity? she is paying lots of taxes on this salary She may not be spending her money wisely according to you, but that doesn't make her stupid or illiterate. The only thing that makes her look stupid is moaning about it in the daily mail!
riverislandjeans · 11/03/2025 11:23

Not the point of the thread but I absolutely cannot stand when people say 'take in a lodger'

That is not an option for everybody!!!!!

Maybe you have the room, most likely people dont have a spare room but even if I did, I have kids and absolutely would not let a stranger come and lodge in my child's home.

LovingLimePeer · 11/03/2025 11:20

Velmy · 11/03/2025 11:13

You are reading, reacting to and sharing an article that is literally written to make you ready, react to and share it for traffic.

That's a good point. I have inadvertently fed the beast.

OP posts:
tropicalroses · 11/03/2025 11:18

Novotelchok · 11/03/2025 10:41

Next week's headline - 'mumsnet trolls made my life hell says financially illiterate high earner'

Problem is someone on £100000 with a sensible car, mortgage & food bill makes for a boring article. I am wondering how a dog can cost £650 a month though?

Shes having to pay for daycare. When you have a dog as part of a single person household the care costs can be crippling. If I need to go into the office for a day it costs me £30. Three days a week of meetings would slaughter me.

Pep12per · 11/03/2025 11:13

But she has got a nice life...house, car, dogs, holidays. I thought that's what earning a salary is for?

Velmy · 11/03/2025 11:13

LovingLimePeer · 11/03/2025 10:32

https://www.dailymail.co.uk/money/mailplus/article-14476595/six-figure-salary-rich-comfortable-heres-why.html?ico=mol_mobile_home&login&signinStatus=registered&signinMethod=google&dataCaptured=true&flowVariant=social_registration_nosubscribe#

For 1 person:
£500 on food
£750 on car expenses
£650 on cost of dog ownership
'a few holidays per year'
£250 cleaner

£200 pension (not enough!)

I'm just so fed up of all these well-paid financially illiterate people writing sob stories for the telegraph/daily mail about how they can't survive on their salaries.

This woman complaining about her £100000 salary not being enough could save £2100 per month if she bought a sensible car, didn't have dogs/a cleaner and took in a lodger.

With £2100 she could pay off her 23 year mortgage in just over 5 years OR
Retire at 68 with a pension pot in today's money of ~£1460000 (i.e. retirement income of £58000 per year in today's money). Not including money already saved in a pension.

If I assume she has saved £200/month into a pension for her whole career, she would have ~£427000 at retirement, enough for £17000 a year private pension, which given her extremely high expenditure.is simply not enough.

She thinks earning £20000-£40000 more would be enough but this is an expenditure, rather than income issue.

I'm just fed up of these people complaining. I suspect they'll end up poor in retirement, having never learned to live within their means with the rest of us paying for their stupidity.

You are reading, reacting to and sharing an article that is literally written to make you ready, react to and share it for traffic.

Swipe left for the next trending thread