I can't ever imagine returning to work. And I'm quite happy with that

[Anyfuckerisnotguilty]

Although I realise that makes me seem quite odd to others

But I actually really like not working and just being able to do whatever I want

worried

I think its how you define high standard of living and what your outgoings are in ref to 15k income.
If you have few expenses, everything paid for, tax credits and cb, even for one child it is a good disposable income. Especially if you equate that to not needing childcare, extra car, associated work costs.

For us making a will was more about who looks after the kids if anything happened to both of us (unlikely I know by worrying). Then that leads onto the money they would come into and who would look after it till they were of age and what age they then get access to the money etc - there is a lot more to it once you start looking to it.

morethan, by no expenses and everything paid for do you mean people who have no mortgage/ rent and no utilities bills or grocery bills? Maybe you end up with a reasonable disposable income if you have no outgoings from 15k but not if, like most people, you have mortgage and bills to pay.
Really, I would be by very surprised if the vast majority of people earning 15k have a lot left over. And 15k is certainly not representative of someone used to 'higher earnings'.

Worried, the aforementioned phrase 'common law spouse' has an awful lot to answer for. Honestly, most people know bugger all about wills etc.

Oh I'm sure it is above benefits level. However, I was responding to your assertion that,
'Your theoretical couple would be a good example of people who are used to a higher income' I simply disagree that this is the case. I also think 50k of life assurance for a healthy non smoking couple in their 30s can be as cheap as anything. A quick google tell you that you can get a 20yr fixed term life assurance for a 34yr old non smoker for less than £10 per month.

Working makes me relish my time at home. If home was all I did it would get a bit...meh.

Over Christmas I had a two week orgy of just doing stuff I wanted to do - reading, hobbies, pottering. I started to feel a bit weird and pointless towards the end.

Is minimum wage around £12800 or has it gone up? That's not that far off 15k. I used 15k as an example of someone earning just above NMW. So a couple both on just above that seemed to be a low earning couple to me

Just to be clear; this 'couple' are just a statistic I was using. I am not casting any judgements of any actual person.

Yes you did. My apologies. However, I wasn't even considering those on benefits as life assurance and critical illness plans are usually taken out by those in the workforce to protect the level of salary they bring in on a yearly basis.

I really know nothing about what benefits are payable to whom but if myself and DH were on benefits and he died, would I not then receive more as I would now be a lone parent. Whereas, in our circumstances, if DH died and we didn't have cover it would be financially catastrophic and despite savings, we'd lose the house within a couple of months. Even if I worked f/t, my salary wouldn't even cover the mortgage let alone everything else.

And as I also said, it would seem that a NS in their early 30 could get 100k on a 20yr fixed term for about £8 a month. I do think that most people (not all but most) who are working, even for minimum wage can find £8 a month for peace of mind.

What does your DH think of funding you to do 'whatever you like'?

I'M in the Op's position and my husband is fine with "funding " me, it makes his life and job much easier than if I were out working as well.

Worried.

Yes, that's what I meant really. If everything else is paid for, no mortgage or rent low utility bills then 15k plus benefits would provide a good disposable income and perhaps afford luxuries that other people in a different position may not afford.
You could be on 150k have high costs, and not have that much left over after private school fees, large mortgage or rent, cars, etc.

MrBarnacles

In my experience the dh is happy for the relationship to exist like this because he sees the benefit of the sahm. Who provides free childcare at least.

£15k a month is nearly £2200 a month take home, chunderella??

Eh?

Sorry £15k a year!

My husband get 16k a year and it equates to 1150 take home.

It's £1250 gross PCM. Take home on £15k pa is nowhere near £1250 once deductions have been taken into account.

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Fecking ipad

I think chunderella means total for two on 15k.

Ah, ok.