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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To think we CAN live on the mortgage

743 replies

JaneEyre40 · 28/05/2025 09:34

Advice please -

Couple - Earn £10,500 a month
Mortgage - 3,700 a month
Nursery - 1,000 a month

Considering all other possible outgoings, do you think we can afford this and not feel pressured each month. What am I not considering? We've done the spreadsheet but I'm still unsure.

We will have about £65,000 in savings at the beginning of this venture.

Thanks in advance. House of a lifetime.

OP posts:
vinavine · 28/05/2025 09:59

@ThisIsMyYearToFindMyself plenty of people are clueless when it comes to finances.

Icanttakethisanymore · 28/05/2025 09:59

I assume that's net income? You really haven't given enough info for people to advise.

AlorsTimeForWine · 28/05/2025 09:58

We have a similar net income per month.

Nursery and mortgage are £6.5k per month ish.
Total outgoings about 8.5k -9k

We are fine

You will be fine.

vinavine · 28/05/2025 09:58

It’s just a daft goady boast. I’m not saying that out of envy either as my household income exceeds OPs. But it’s tone deaf and absolutely fucking ridiculous to ask such a question when so many people are really struggling.

Why should the OP not ask the question because people are struggling? most of the MNs threads are ridiculous when you use that logic. Looking for holiday recommendations? plenty can't afford a holiday? House move advice? some people are homeless, etc.

Potsofpetals · 28/05/2025 09:56

Yes it could potentially be tight. You haven’t said if this is net or gross.

You'll need to factor in council tax, maintenance costs, hired in services such as cleaners etc.

What about school fees? Income protection insurance, car costs and general life need to be factored in.

You could find yourself scrabbling around on a few thousand a month which really isn’t fun when your friends are on their fourth holiday of the year.

Thedogscollar · 28/05/2025 09:56

How to not read the room🙄

Seriously if you are finding this difficult to work out then I'm struggling to see how you have the brainpower to earn and deserve these wages.

finfitrulesok · 28/05/2025 09:56

Do your employers, paying you extremely high salaries, know that you cannot do simple maths?

Sagegreenduck · 28/05/2025 09:53

Your level of savings on that salary is incredibly low, which makes me think your outgoings are very high. Because of the low amount you have managed to save I would suggest you take a close look at how much of a buffer you have each month

WhereHasMyPlanetGone · 28/05/2025 09:53

BMW6 · 28/05/2025 09:36

Or take in ironing?

You beat me to it!

Bundleflower · 28/05/2025 09:53

TheCurious0range · 28/05/2025 09:50

Also how is that money earned, two 60k incomes will feel less of a risk than one 100k income and a 20k one.

I also don't understand the eye rolling and sarcasm, people who earn well can still ask questions, you don't need to be on the bones of your arse to doubt a big financial commitment

Edited

It’s just a daft goady boast. I’m not saying that out of envy either as my household income exceeds OPs. But it’s tone deaf and absolutely fucking ridiculous to ask such a question when so many people are really struggling.

Surprisedcupcake · 28/05/2025 09:51

Omg hOw WiLl YoU EvEr SuRvIve. 🤦🏻‍♀️

TheCurious0range · 28/05/2025 09:50

Also how is that money earned, two 60k incomes will feel less of a risk than one 100k income and a 20k one.

I also don't understand the eye rolling and sarcasm, people who earn well can still ask questions, you don't need to be on the bones of your arse to doubt a big financial commitment

TheCurious0range · 28/05/2025 09:48

Is that money taken home or pre deductions? It makes quite a big difference.
Also assuming the house is bigger than your current one what are the increases in council tax, utilities etc.
What other essential bills do you have, committing, cars, insurances etc

ThisIsMyYearToFindMyself · 28/05/2025 09:47

vinavine · 28/05/2025 09:46

If you can't work this out, how the actual fuck did you even get the job that pays so much?

Why do you think well paid people are good at budgeting?

Given OPs numbers she quoted, I’m not sure this is a budgeting question really.

vinavine · 28/05/2025 09:46

If you can't work this out, how the actual fuck did you even get the job that pays so much?

Why do you think well paid people are good at budgeting?

RatOfTheHighway · 28/05/2025 09:46

No you’ll definitely be in poverty 🙄

I think it’s safe to say you’re out of touch with reality…

Sport Im Rich GIF by WWE
Enigma53 · 28/05/2025 09:45

NotSmallButFunSize · 28/05/2025 09:40

Oh piss off!

If you can't work this out, how the actual fuck did you even get the job that pays so much?

Yep, I’d like to know that too!

nutbrownhare15 · 28/05/2025 09:44

It depends what your 'possible outgoings' are doesn't it? What do you spend each month in these at the moment? Will you be paying for a cleaner, gardener, private chef etc at the new house?

bigblockofcheeseday · 28/05/2025 09:44

Is this gross or net? Huge difference. I presume net otherwise it would be unaffordable. Also what is salary split in case one of you can't work.
It is doable but tight as you need to factor in council tax, all bills and any big increases to nursery fees and changes to interest rates

millymoo1202 · 28/05/2025 09:44

I think we need a full breakdown of outgoings too, maybe cancel sky if you are struggling and shop in Lidl 🤣

ThisIsMyYearToFindMyself · 28/05/2025 09:43

Icedcaramelfrappe · 28/05/2025 09:40

Jeeze, that's a tough one

I agree. Very tough.

Have you thought about using a food bank OP?

spicemaiden · 28/05/2025 09:42

Those two outgoings are less than half your monthly income. You realise that many many many renters out there are having to deal with an income of around 1/4 of yours and their rent ALONE is half of their monthly income.

You’ll be more than ok.

CleanShirt · 28/05/2025 09:41

Are your diamond shoes too tight?

ThisIsMyYearToFindMyself · 28/05/2025 09:41

Considering all other possible outgoings

Income £10,500 pcm.

Mortgage plus childcare £4,700 pcm.

If you need to ask mumsnet then no, you can’t afford it. You’ve got zero skills at life and stuff. Just buy a tent or something.

TheNightingalesStarling · 28/05/2025 09:41

Take home or pre tax?