What is your family's monthly take home money?

[reefqueen]

So following on from a popular thread about what us women earn, I am genuinely interested in how much net income families bring in each month?

This is not talked about in real life but I think it is so interesting and I am nosy

So how much money does your household bring in each month? Is it from work or benefits or both? And where in the uk are you?

I'll start:
Me, DH, 2x DC, South East. Money in each month is £3,900. This includes 2 salaries and child benefit.

All children state educated
Generally one car per family
Modest homes (in terms of size, not price)

It may be just as interesting to see what people have out of their net pay once they pay for their childcare costs and their work travel costs and their rent or mortgage.

I thought we were doing Very well, some of these numbers are eye wateringly high we’re at £8708 per month.

Xenia

So disposable income

I love these threads, wish each poster put in their occupation too so I can steer dc in the right direction.

I don’t know why people choose not to believe that there are people earning high salaries . It just reeks of envy to me.
My dh is an accountant and there are some individuals earning mouthwatering amounts
He has clients taking home 10-15k a month.

Ok jobs then. My dh is Vice President of a medical publishing company.
I trained as a teacher but now I’m a tutor and have my own agency.

I agree areyou. There are clearly people who earn a lot in this country.

1900 though no mortgage still skint each month

I must say this thread has made me feel pretty shit .

On the other hand - I really want to increase my earnings and I have a whole “am I good enough” thing going on. Fuck that - even my increased earnings would be a fraction of some of the figures on this thread so I’m going to go for it .

11500. We both work full time

£15,000 between the two of us. Own company, one DC at home, no mortgage. Still only spend about £3,000 of it, I think, due to old habits from when we were poor.

£4,100, two full-time jobs plus child benefit. But look, our mortgage is £1,200 a month.

£7,300 approx (varies between £6,500 and £7,500 depending on how much I work, whether I take holiday/get sick in the month)

And for those that have asked :

Occupations: teacher (deputy head of large secondary)
Psychotherapist

Live : London (zone 3, 2 bed flat)
No children at home but doggy daycare at £460 a month

Outgoings - stupidly high (mortgage, home improvement loan, transport, business outgoings, dog, office costs - over £5,000 a month)

Leaving £1500 ish a month for food, holidays, stuff going wrong - obviously NOT complaining - it's plenty

I must say this thread has made me feel pretty shit

It's made me feel pretty honest :)

Wow some.of you,.lots of you,.are so rich. We sadly are.not, but we do ok. We bring in £2900 a.month.on two full time wages. That includes a company car and we are mortgage free so we do feel well off comparatively.

About £4900 salaries, we've no other income, a month but can go up a bit some months, this will take a huge hit when I start mat leave soon. Just me DH and baby due soon.

I must admit, these salaries are very high. I earn just under 1300 a month, full time. My husband has just left the navy and is starting his own business so we only count my wage. I pay all the bills so my money doesn't stretch far at all

I suspect the higher paid careers (or at least some of them) have nto changed since the 1800s. My great uncle qualified in about 1892 as a solicitor and was able to buy his own house which most of the rest of the family never could. He was the only one of his siblings to have a degree. His sister qualified as a nurse and did better than some of the rest of them again because she had qualifications. the attern is shown above - lawyers, accountants fairly high (some not all of course) wages. Boring people again with my 1993 diary - my wage rose to £59,000 that year - I was an employee (which is about £120k today (£6134 a month today after tax and NI ignoring student loans) after inflation not too different from solicitors at the same level nowadays, the very very few who have qualifications good enough and the luck etc to get into the higher paid firms). £6134 might fund £2 - £3k a month rent and £2k per baby in a full time central London nursery, but only just.

£4863 per month, no benefits, no maintenance, single parent to 14yo. Zone 3 London.

This is not a massive amount in London, but it means I am very comfortable compared to 10 years ago when I was on benefits, missing meals to make sure my DD could go on school trips.

I looked for a company that had a good reputation for development, I started on NMW, worked ridiculous hours (and this was hard with extortionate childcare costs). It was especially difficult when I knew I did better financially on benefits and could spend all my time with DD. I've worked my way up by moving around the country (settled for a couple years, and wouldn't move now due to DDs school/exams). I am working towards another promotion and expect to earn an additional £1500 per month soon.

People earning 6 figures are in the top 1% of UK earners. Yet they all seem to be posting on Mumsnet! It’s not jealously, it’s just statistically unlikely.

The average UK income is around 27k. Which my new job is taking me up to

Let’s not forget that more than one in five people earn less than the living wage.

DP discovered he is in the top 15% of earners.

It’s really pretty irrelevant though, as how ‘rich’ you feel depends on so many other factors.

Our monthly income is definitely at the lower end of those quoted on here. However, there are other factors to consider:

• we don’t have a mortgage
• we don’t have any childcare costs
• DH gets a company car so he pays a huge quantity of tax before he ‘sees’ any of that money but we then pay nothing additionally to run a car
• I have a bus pass, so no travel costs there
• DH pays for share-save and private medical out of his salary

There are posters on here quoting monthly incomes of more than double ours who say they feel poor and are frugal. We do not and we are not. Our annual holiday budget is eye-watering by most people’s standards (for various reasons which I won’t go into).

when & where you got on the property ladder makes a huge difference.

My opinion on PPs discussions (sorry can't seem to tag). I do think as I've worked my way up it's has got easier in some ways as I can work at home more, I can control on the whole my own deadlines, and most of my work is email/phone based rather than public facing.

I know but I am sure people aren't lying in most cases. I certainly am not. I suspect if you are on a factry product line all day or driving a van like my son you just don't have a second to post on line for a start. If you are a woman with a rich enough husband you can stay at home you have more time so that will partly explain it. If you cannot read and write and can't afford an internet connection you won't be on MN either. Also if you don't earn much you probably are less likely to post that than if you earn a fair bit.

I don't feel poor and frugal but I did ni 1993 when we had negative equity and monthly losses on two flats, properties that had reduced 25% (we would have been better not buying at all until the bottom of the 90s crash but there you are, all those hours of effort, hundreds of hours just for massive losses - I always seem to get markets wrong)

Age makes a difference too. I am over 50 and have worked full time since I was 21 without a single break - 35 years in fact of solid full time work often with a second job too.

I feel richest of all from having al ovely family and just about never being ill. I put mental and physical health abover everything and I can see reading back in my diary that I was catching colds and germs lasting 6 weeks because I hardly ever got enough sleep - we had non sleeping children. At the weekends when we could sleep a lot longer they were usually getting before 6am too.