HH income of £250k but we don’t feel rich?

Ask your DH. He can't have grown up incredibly poor, managed to get to this income level, but be as thick as you. Although he might be, because you could have moved to an area with good state schools and then you'd be rolling in it.

Gotta love Mumsnet for these absolutely INSANE threads!
My heart bleeds for you OP, I honestly don't know how you cope. 🙄😂

You sound like the kind of people that would find ways of spaffing cash no matter how much you had, therefore will never feel well off.

Come off it mate. The title was so goady it was obviously going to wind people up.

What did you think you were going to achieve from posting something like this? Knowing full well that 90% plus of people on this board will take home a fraction of this?

If you really genuinely can’t live on half a million quid a year take it to a rich person’s forum. Not one aimed at all parents. Otherwise a bit of dignified self awareness would be in order.

Surprise eh? Lots of traffic 🤣

Op i agree, terribly difficult being in your position, I have around 1k more per month than you, also am a SAHM and topped up my income by taking photos of my feet for Onlyfans.

Theres sone right weirdos on there who lap up the verucca and corn pics.

Nice little earner, you could guve it a go?

That's absolute nonsense tbf. My DH is on £200kpa and we have a cleaner 2hrs per week. We live in a 3bed semi in the SE.

I think the OP is wrong and they do have a lot of money left over each month but I do think that people's perception of the lifestyle afforded by that salary is out of date.

I'd love to know how much people who only wear designer clothes and fly business class to long hual destinations actually earn. I'm guessing now it's £300k+ (in the SE at least)

Your monthly take home is a third of my gross annual salary.

You mention that the £2,000 savings is partly pensions a) I hope you are saving tax effectively b) I hope there is a pension in your name and c) That amount is more into pensions than DH and I combined including our employer contribution!

You could save money on private school.

Get a cheaper house

Get a job

Save less

Allocate a smaller amount for personal spends each

Of the money “left” for things you list holidays and days out. They are both luxuries so that’s another place to cut back.

You have no idea. None. Zip. Zero. That last word is the amount some people have in their bank account BTW…

Where you’re going wrong is school fees, and ploughing so much in to savings. Sensible, but if you put that much away each month you obviously won’t have it to spend on Bond Street…

Well, you're clearly a bit stupid if you can't figure that out yourself, aren't you?

You have £2,000 excess money every month which you choose to put into savings. That money is not an 'expense'. The amount you put into savings every year is more than our entire annual household income, so it's very hard for me to understand what on Earth you are spending it all on. My practical suggestion would be to analyse how much you waste eg. how much food you chuck away, how many clothes get bought and remain unworn, and make positive attempts to stop overspending on those things. My other suggestion is to reconnect with activities that don't cost anything, like taking the kids to a park - not from a direct money saving point of view, but to remove yourself from what is perhaps an overly material lifestyle and learn to take pleasure in something that doesn’t involve spending.

You need a job and some financial independence. Sorry but high earners are notorious for having flings so try and build up a nest egg/fleeing fund.

Is there any reason why you can't work OP?

And still have a shit ton left over!

So how much do you bring in?

cardibach

campsites in France, as in large caravan/ static type things. We love them as they attract nice people and the kids have a great time. They are not cheap as chips holidays. I did also say a sun holiday and city breaks. I didn’t say we can only afford camping.

I hate to say this OP, but if you feel poor now, wait until you have 3 DC at Senior private school. £3k a month in fees is very low - I have 2 DC in Senior and the fees are over £4k a month - that’s with a 20% and 25% sports scholarship. You definitely best get back to work!

Gosh, it’s incredibly sad for you to be struggling, without even a nanny.
Perhaps your first steps to freeing up some cash could be doing your own ironing or housework.
…..and you both grew up incredibly poor? This thread CANNOT be for real!

Your DH could be salary sacrificing £60k a year into a pension and not paying any Tax and NI on it. Thats a better way to build a pension than taking the salary, paying huge amounts of tax.

Only for a bit though til Labour start siphoning that too

He earned £180,000 a year and never put money into any kind of pension scheme?

And now he's still not got the hint and isn't putting in extra?

That £2000 in savings should go into his pension...

How are you both so financially illiterate yet earning 9-10 times the amount most people do...

£2k a month savings

Fuck right off

Seriously just fuck off

You're saving £2k a month, saving £450 for the children, spending £1k between you on personal spending and you're complaining because you only have £2k a month left for general spending.

I've got just under £2k a month coming in, in total. I have no savings.

At the moment I have £109 to last until I get paid on the 28th. That's got to cover two weeks worth of household food, a tank of petrol and any other necessary spending.

Sorry for not feeling any sympathy for you.

Them lefty’s on MN know nothing about the struggles of the aspirational!

Nevermind17 maybe she doesn’t like cleaning. Being a sahm does not mean you you have to resign yourself to drudgery.

Who wants to clean? If she can’t afford a cleaner with that household income then there really is a problem.

DH has been self employed for a very long time and didn’t pay into a pension. He earned approx £180k per year for 15 years. He now has a job paying £250k and has only been paying into a pension for 2 years.
We have less than £120k in pensions between us. We are late 30s.

if your DH has had those sort of earnings for 15-20 years and you needed to buy a car on finance you have money management issues. Where did all the £180k’s go? Sounds like you frittered it away on a lifestyle and now with three kids (more than the average family size) and large outgoings / savings you don’t have cash for as many treats. Because you didn’t think of the future when your DH earned 180k a year.

I can’t be bothered to read the thread, but you just need to change your mindset and recognise you are rich and stop being such a dick. 2k of savings in addition to the 2k personal spending on top of everything else.

Our household take home is quite a lot higher than yours, and right now don’t feel rich cos we have fuck off costs (none relating to private school) so actually have some debts to pay off. But I’m not crying to myself or asking others to pity me. FFS. Get real.