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.

£1,100 take home 30 hours a week
£80 C.Benefit
£300 T.Credit

I have never felt hard done by, In fact I was very shocked & grateful for the amount of T.Credit I get.

This thread highlights the huge (imo) salaries earns by some families and the massive divide by the haves and have nots. It is so not representative of what the average joe takes in. I consider my family to be 'well off' compared to so many , but earn huge amount less than the circa 10k monthly salary earns here!

I feel quite jealous and depressed now.

I also don’t believe a lot of the posts, but still depressing.

£1800pcm take home. Central London zone 1. 2 children.

Well this is going to sound dreadful but i dont know

I think around 5/6/7k

Dunno

Oh thats bad...i know thats bad

After tax and pension etc, DH and I net about 6000. We're in London, no kids.

I’m shocked so many people have 6grand a month to spend. I literally wouldn’t know what to do with myself. I’f I had £2500pm I’d feel pretty rich I think.

This thread explains another thread. Why some people have absolutely enormous amounts of savings.

Take home employment: £1.1k (working 21 hours pw)
Self-Employment: £800 (working give or take 9 hours per week)
PIP: £229
Child benefit: £130
Child tax credits: £400 (covers exactly half of childcare)

Total about £2.6k. Single parent, two cats two nursery-age children in nursery two days a week. Quite a lot of money considering we live in a pretty cheap part of the UK with very little rent to pay- we have nearly £900 per month leftover for spends money after everything essential including childcare and food. DC turn three next year and will qualify for free nursery hours so we'll lose tax credits but our outgoings will drop by £800 so it's fine.

I think sometimes we would rather believe that someone is being untruthful about large salaries than believe that some people earn vasts amounts
It’s just that IRL most people will not talk about how much they earn.
Someone earning 7k a month may seem like loads of money to most of us, but it really depends on what one does with this salary
If you are earning 7k a month and you have a big mortgage, kids in private school, travel expenses ; then frankly 7k doesn’t go very far. At the end of the month you may not be much better off than someone earning 3k a month. The ‘rich’ ones are those who live in cheaper homes and put their children in state schools.
I know people earning high salaries who complain that they are broke at the end of the month, but refuse to downsize or take their children out of private school.

Single mum to 1 disabled child.
Overall household money coming in
Is
580 child tax credits
180 income support I think
80 child benefit
320 dla
256 carers ( about that )
So about 1256 pound plus full rent paid.

@cupboardwithashelf

How do you get PIP working 30 hours a week and a single parent? Genuinely curious. I thought you needed assistance with every day life to get pip. But if you are a single working parent I can’t see how you get that!

@Skatersbeskating
You are entitled to more tax credits than that

Workreturner you can work and claim PIP.
ESA is the benefit for when your disability stops you working. Lots of people can be disabled but work a little and it's a way to allow people to do that while acknowledging the extra difficulties they have.

I am amazed at some of these figures.
I’m a single parent and am both employed and self employed and I take home approx £1300 pcm including £300 child maintenance.
Have no idea how I’ll manage to pay rent and bills when my child tax credits and maintenance stop

@Jenala

Yes I know that but working part time AND self employed AND single parent - I was just curious what criteria for PIP she met

Joint income of about 9K after tax. We have used it wisely. We have sent our only child to private paid grammar school, we have offset our mortgage interest by a matching savings, we shop at Sainsbury's and happy with what we have. No PS4 or other gadgets at home, once a year holiday with generous spending and luxurious self planned one, we are weekend walkers. So no gym membership. We do have direct debit for charity donation, private health insurance, private pension pot, secret santander account for unanticipated rainy day. Of course, we RARELY eat out. May be once a month? We have friends circle with matching frequency who share recipe, have pot luck party or occasional barbecue.

£8k per month between the two of us.

We work in London and we’re both qualified professionals.

Wow! Such high salaries.
Totally agree re the child maintenance not being included for tax credit purposes. I was on tax credits a few years ago when I was widowed with 3 dependent children. I got Widowed Parents Allowance of £400 per month and guess what? It was classed as taxable benefit and deducted from my tax credits and affected my tax code from my part time job. Yet this is money my husband had paid in tax and NI and would have been his pension.
Totally wrong you can get over 2K in child maintenance a month and still qualify for maximum tax credits.

Wow, workreturner I am absolutely gobsmacked that you would question someone’s eligibility for disability benefits given your own financial circumstances.

Disabled people are allowed to try and have ‘normal’ lives despite being disabled. They are not mutually exclusive you know.

About 3.2k including two salaries, cb and maintenance from ex all after tax.

@workreturner skaters won't necessarily be entitled to more tax credits than that. I earn £730pm from PT work and I get roughly £630pm tax credits because I don't have any childcare costs so I don't need the childcare element.

Including child maintenance as income when calculating benefits is fine - if you actually get what you're entitled to !
My kids have an award of £207 a month from CMS but in12 years we've had 3 payments.
My ex will move house and job to avoid paying.
A lot of men do this which is why it's no longer included.
It's not a reliable income for many.

Those not quite sure women can earn so much you can check on line for some careers to get a bit of proof (that does not mean they aren't minimum wage cleaners pretending to be top surgeons I suppose but at least it shows the possible incomes for professionals 20 years into a full time career.

Whilst those on a low income may think there is a lot of spare money at higher earnings (and of course there is comparatively) you might be spending £22k fora baby at full time nursery in London and £20k for a toddler out of your net pay so that's over £40k or £3333 per couple gone before you start, then you will have a very high rent in London (or mortgage) - you might be paying £24k £30k etc for rent a year so £2500 (open market rent no housing benefit) So even those two elements 3333 childcare and 2500 rent so about £5833 a month between the two of you working full time is a fair lot to take off say a joint £7k net income a month. No one will weep for high earners of course but I am just explaining how what seems a lot gets a lot less given the costs of the better London nurseries and high private sector rents.

“Better” London nurseries.

Give me strength.

All this spending on better this and better that - private schools etc...

The rest of us do survive in the non private world, and have high achieving children.

Expensive housing is one thing of course, but the rest is optional. A choice which some well off people make to make sure they remain within the sphere they want to be in.

Other spheres are fine too!! Less stuck up and formal going by some (not all of course) of the private school parents I have come across.

And nothing beats the sheer tolerance, energy, openness, creativity and acceptance which can be found within a London state comprehensive for example IMO.

I only used the word better because when before I have said nurseries can cost £22k per baby people have not believed me and may be they call cost £22k per baby. I posted some links a while ago to a few as I was not believed. I was not making a snobby point. I am tlaking about nurseries which work for parents in long hours jobs rather than just those open a few hours a day. When I first had my babies in the 80s there wer eno nurseries unless you were with an employer like a university with one, as far as I remember so we had to advertise for someone to come to the house to look after our 3 under 4.