What household income supports this lifestyle ?

[Drealifegoals]

If your lifestyle looks anything like this please share with me what yearly household income you have!

please share mumsnetters, this is where I want to end up for my 40s and there are people around us living this kind of lifestyle but I can’t ask them how much they earn IRL!

dream lifestyle is:

3 holidays a year - one long haul two smaller European city breaks type
1 nice car bought outright - nothing majorly expensive around the 60k mark
coffee out for both adults x5 a week
lunch out for both adults x2 a week
dinner out every Friday - whole family two adults two kids
good Christmas every year
money for regular hair appointments for whole family
enough money for both kids to do sports and music out of school
nicely decorated house
monthly shopping treats for all family members maybe £50 each
Food shop from M&S
clothing to be mainly high street with the odd designer item thrown in for whole family.

no mortgage, no childcare fees, both children in state school.

Stop being obnoxious. I've never smoked, and I always worked hard and tried to learn as much as I can at school and university. I consistently acheived top grades throughout education. My salary now though is very average, and would probably be considered poverty by mumsnet standards.

My bosses are people who didn't study difficult subjects or degrees, and who achieved fairly average grades in education. That's normal in all workplaces, and you would have seen this in your own workplace. Hence the old saying that A students work for C students. So why are you pretending that you haven't seen this in your workplace? You are being completely disingenuous by pretending that the most successful people are those who studied the most.

This.

OP, my household income is around 125k with no mortgage (no inheritance or windfall but house only cost me 130k 20 years ago) or childcare and we have that sort of lifestyle I guess. The holidays are slightly different but comparable and we own 3 cheaper cars outright rather than one more expensive car. 60k for a car is a lot! Even as a new car it would be a lot. I’ve always bought cars 2 or 3 years old with lowish miles and run them into the ground.

Dh doesn’t do coffee or lunch out but I do. Coffee maybe 3 or 4 times a week and lunch in a cafe at least once a week and then buy work day lunches in M&S. Dh doesn’t really spend much on himself to be honest but I make up for it. We pay DD’s rent at 1k a month as well as various subscriptions for her but no sports or music for her. Food costs only for myself, dh and the dogs!

Ok, sub ‘all and sundry’ to ‘complete strangers’ 😂

More disingenuous comments.

In some industries, it's a regulatory requirement for certain personnel to demonstrate their qualifications and have a CV available. Surely you know this, so why pretend that you don't know it? So I can actually see the educational background of my bosses directly.

And also, every man and his dog nowadays has a Linkedin profile which typically shows their educational and employment history. Again, you know this. So why act as if you don't know it?

OK, so as long as OP wants that specific model she can get a Volvo under £40k. Do you also see how many that are not that model ARE in fact between 40-60k? The majority.

If you are trying to tell OP she can get her middle range brand new car for under £40k as long as she gets your model, you are making her scrimp in an area she is saying she doesn't need to and has budgeted £60k. All to prove a very odd point here.

But you must have savings you intend to put towards that? I have several savings accounts, all in my name but with specific purposes - kids uniform, housing deposits, holidays, new car. Etc etc.

I would say outside of the SE you'd need at least £160k for the types of hols, luxury extras, car etc.

We're in our early 40s on £110k joint, no mortgage (inheritance), 1 old banger still going strong, 2 kids state. They do activities outside school. We go 1 week 5 star European AI, 1 Euro city break and 1 week UK break a year. We budget around £12-13k a year for the hols.

We don't do the coffees much, we don't eat out unless it's a birthday or we're on holiday/ going to the theatre etc.

We are balancing experiences with as much saving/investments/pensions as possible. There is no way we want to work until 68 plus. Realistically, it will be 60.

Actually no, we haven't saved for them and we certainly don't have several savings accounts with specific purposes. We draw income from our company.

It's worth thinking about whether all of these things would make you happy. I could probably afford all of these things but maybe not all of the same time. We are told that buying stuff, holidays, cars, coffees, will make us happy and to aim towards that but the richer we get the more used we get to that level of wealth and just aspire towards the next level up.

We do all of that (except more holidays, more like 3x long haul this year and 3-4 shorter breaks, anything from camping to a week skiing and we probably eat out more on balance). We do have a mortgage payment and childcare so our basic expenses outside of childcare and mortgage are around $4k. HH income $300k. Put away 20%ish in pensions.

We have this lifestyle. Mortgage paid off late 30s.
My husband's shared company (he owned one third) was bought out by a much larger company and he got a very large payout. Transformed our lives. Before this his income was around 100k a year, probably around 25k a year for me being part time.
We've been very fortunate, obviously.

@shuggles what do you do that pays so poorly?

As a single parent on less than £2000 a month for mortgage, bills, 2 kids I’m not enjoying this thread 😂😂 60k for a CAR?! I only owe 70 on my mortgage 😂😂😂 Mumsnet is batshit

I'm not convinced that's true now. The second hand prices don't drop massively on certain premium brands

Difficult as so many variables. South East, but not London. DH 100k, me approx 36k (work PT). Mortgage paid, nice car but lease through electric scheme at work. 2 x kids in a (not amazing, but not awful) state primary and most of our money seems to go on extra curriculars- private music lessons & 11+ tutoring being the most expensive, plus some swimming & occasionally other sport.

We don’t have luxury holidays - think a week UK or Europe self catering, plus the odd weekend / short break once or twice a year.

Lovely (but not big or fancy!) house & garden - probably spend a bit on this through the year.

Clothes mainly from supermarkets or vinted, nothing expensive. Eat out 2-3 times per month.

Struggle to save much each month - I am not complaining as we are perfectly comfortable, but I’m not really sure where all our money goes!

I won't answer this because it's outing, but I don't think this question is intended to go anywhere anyway.

Gosh Mrs Mop What a sheltered life you must lead if you find this hard to believe.

@MaggieMop Most people I work with have STEM degrees from top universities. If you have that too, and have the same work ethic that they did then you too could be at board level in an investment bank earning a similar wage.

Where do I even start with this?

First, not everyone can be at board level in an investment bank. Obviously, all companies follow a pyramidal structure, which necessarily means that the majority of employees are not board level.

Second, you would surely know that the majority of successful people in the financial sector are not people who are the most academically brilliant, because that has absolutely nothing to do with career success.

Third, clearly most people with STEM degrees don't work in finance.

So these bosses haven’t done as good a degree as you? What have they done compared with you?