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.

I work in a government organisation. We regularly bring in IT contractors to work on new IT systems and I manage all the project and salary budgets. These guys many of them get paid in the region of £10k a month which seems eye watering. But for that they have to pay their own tax and national insurance etc they also have none of the holiday, sickness or pension benefits that our permanent staff get. For example in December their salaries will all be reduced in half as they will be off for 2 weeks at Christmas. These guys look the most laid back unassuming characters but they have really specialist coding and development skills. Also I think if they have been contracting for a while they will be wise enough to save it up for the months when they are on holiday, off sick or the contract ends. But if you are looking for a new career.....coding and IT development could be a good place to train if you are into it x

Good lord Xenia, you really did time those markets wrong! I was very lucky, and had money just at the right time to buy BTLs. It was pure luck and no skill whatsoever.

But I agree that those with more time and money are likelier to post on MN. It’s a skewed view.

We're not at the higher end of income here either but we don't have a mortgage or childcare costs.

We do however spend between £700-800 on train fares a month, which is sickeningly high.

£8,300 pm after tax. High combined income. Mortgage is £2K a month

Exactly Wondering1101 - you have said much better what I was trying to say and made a pigs ear of

@Flossietoot Their jobs are undoubtedly hard, worthy and emotionally draining, however they just have to think about one function, whereas as the overall director, I am responsible for a wide range of functions and it is me that gets in serious bother should something go wrong

Well that is the same for anyone who moved into a managerial role, but doesn't explain the massive differences in remuneration in different fields.

Yes, a 6.5K family income isn't that astonishing with 2 full time working adults.
'Astonishing', possibly not, but as a net monthly income, it really, really is a very high income. Go look up the number of people as a proportion of the workforce in the UK, who bring home considerably over £3k a month. It isn't very many. Thing being, most of us tend to mix with other people who are in a broadly similar position to ourselves, so there are a lot of people on this thread with a skewed idea of what a median, or mean salary is.

(I know so you can see why i t annoys me when people say everyone my age who bought a property in the past made huge gains! I have not reached 1996 in the diary when we sold all 3 properties at a huge loss yet. When we first bought the flats in about 1990 my diary was full of enthusiasm, property was going to rise 20% a year (how wrong I was) and the monthly losses on the rent would be more than off set by the massive capital gains we were going to make. For some reason we thought the 10 year loan fixed at 13% was a good deal too as mortgage rates were above that and all interset over 10% on uor home loan - our second other loan - were deferred and added to the mortgage. Anyway we survived).

About £1,200 on average. DCs grown up.

There are a lot of really wealthy people out there!!!! I thought I was doing ok!

Thank you for this thread. We are busy spending our equity having downsized to do up our final home so have no income until we draw our pensions in a couple or 4 years. I think we'll be ok on £2000 pm as pensions for 2 adults, no mortgage or debts in SE. If I was widowed I would have approx. £1,100 pm. I hope that will be enough if the worse happens.

6.5k net per month isn't that high, it all depends on costs etc. We're around 5.5k net per month, we're comfortable but not rich by any stretch. Luckily we're in the NW so cost of living are good. Mortgage is about 700pcm. Childcare cost are about 1200 pcm.
I imagine 6.5k in the SE/London may not stretch that far.
But yes it's a good income.

Roughly £8,000 2 FT professional jobs, 2 dcs, 2 newish cars. No childcare, Dcs at state school- we have some great holidays.

Dh and I both bring home around £10-15k a month (sometimes more it depends). I know it sounds a lot of money, but it really does get used up like people earning less - you end up with proportionally bigger mortgage payments, you need cleaners/childcare/gardeners because you don't have the time, school fees.

Talking about a universal wage, DH and I are both very highly educated and carry much more responsibility in our jobs than our PAs, assistants, cleaners, childcare etc. At the end of the day whoever makes a mistake within our departments etc, the buck falls on us - so we bloody well should be paid a lot more to hold that responsibility.

BTW we both work in the legal-finance world...I won't be too specific but if you are a lawyer you may know what we do day to day!

Seems a pittance after comparing to these.. but I’m a primary teacher in the North and bring home £1600ish, partner works for DWP (clerical type job) and bring home £1300, but our mortgage is only £252 a month.

Plenty of jobs with huge responsibility that don’t bring in massive salaries. Midwives? Make a mistake and someone could actually lose their life. Pretty certain they don’t earn 10k a month.

South east 2400, mortgaged and 3 dcs under 6.. it’s a struggle, only been on one holiday. My family help me a lot as does partners family. I don’t work. Childcare too expensive but kids go without nothing .

£1760 total. One stay at home parent one full time wage two children

And we really struggle on that

Variable income, depending upon how much impact my illness has. Nil to £45 per week.
Obviously not really

Single parent two primary children

Deep breath...

£1640 take home (I work 24 hours a week)
£417.64 child tax credit
£204.14 working tax credit (at the moment it’s more than that but when it is adjusted in April 2019 it will be this figure).
£137 child benefit
£2350 child maintenance from my ex. (Child maintenance not included in benefit calculations)

So circa £5k a month take home.

You see I knew the solution was to boot my husband out and get shit loads of tax credits. With respect, that's a joke that anyone can take home that much - child maintenance should absolutely be included in benefit calculations.

This thread has been entirely depressing for me frankly.

I don’t work.
DH is MD of a large company which we also have shares in.

Net 21k pcm in pay and dividends.

@Brimstonenotfire Jesus Christ thats more than ten times what we bring home in a month. Not that I begrudge you it but bloody hell I couldn't ever imagine that kind of income per month

I'm cool with not having holidays etc on our income because the toddler and baby don't know they're missing anything, they have fun with whatever were doing, but what's depressing is theres no way out of the low income trap until they're in school. To put both of them in childcare would use whatever money is make earning. So until one of thems in school we have to manage. We need to move because we're in a one bed flat, no bath to bath the kids in and the toddler's terrified of the shower etc. I want them to have a garden to play in and a room of their own but we're trying to scrape the deposit together to move rentals by scrimping on the food shop. I begrudge noone their high incomes because they've obviously worked for it, but it makes me realise how skint we are and how much my kids living situation sucks atm

Not great, but not struggling either. I think between the two of us about £3k give or take. Our mortgage plus bills is about £600 a month.

Although it's not overly long till he starts school so hopefully I'll be able to come onto the next what do you earn thread with a higher income hahahaha

I live in central Edinburgh op, sorry, meant to put that in my previous post!