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.

You've made my point for me workreturner, they may not feel it's a lot, doesn't change that it is. Those outgoings are mostly luxuries. Not even slightly the same as being skint after paying the necessities. I think people have a new baseline for what's wealthy if they are surrounded by other super wealthy families.

Not having much sympathy for people who don't feel they have much money after paying for their kids great schooling, their nanny and their huge beautiful house doesn't make me a communist

The good news is, no one with a high salary is “asking for symoathy”

Often just pointing out that they have a she’s load of expenditure (private education, childcare, housing) and don’t feel Uber rich

BQ, you are asking why people might take out a huge mortgage. We did because of my external optimism and certainty that I will always do better and better and that you only get on if you take risks. Thus I can live with our massive losses on 3 properties in the 90s and that was entirely at our own risk.

Other risks have succeeded so I won't stop taking them. it's just a personality thing perhaps.

I certainly agree that anyone who is short of money but could trade down is not deserving of sympathy but I don't think the thread is anything to do with sympathy. It's just about what people earn.

Between £5k and £10k, it varies, I don’t exactly know, no mortgage or DC at home

I'm not looking for sympathy at all. When we had good it was great- all three of our kids went to private nurseries and primary schools (and then onto grammar schools for secondary because of their good start). Now they're at top universities and we can just about help them out. The debts can be overwhelming at times but we're managing. And I'm grateful for that.

Often just pointing out that they have a she’s load of expenditure (private education, childcare, housing) and don’t feel Uber rich

It's amazing how people who are frankly, a bit thick, manage to earn such huge amounts of money.

How do those taking home £5, 8, 10k+ pm and 'don't really feel rich' despite having more money than about 95%+ of the population think that people on average salaries, like teachers and nurses deal with housing, childcare and education?

They might work in your local school or hospital, but they damn well won't live anywhere near it because they don't have the luxury of affording to do that.

Likewise they can't afford private schools and they can't afford nannies that cost more than their entire salary, especially to cover for their shiftwork.

So they have what they can (hopefully) afford, but it certainly isn't rent or mortgage in prime London areas, private schools, or full time nannies, which are massive unaffordable luxuries to the majority of the population.

BarbaraofSevillle- I was only commenting on my situation. Not really concerned with how others manage their finances.

@BarbaraofSevillle

But there’s always someone worse off.

Those on £20k a year and with two children don’t “feel rich” but in your mind that’s valid even though they have a roof over their head, a mobile phone, broadband and never go without food.

What about the person in the homeless shelter.

It’s a daft argument.

Exactly. It's all relative. I don't think anyone on here who has a good bit of money comig in says they aren't fortunate.My son with a full time job (drives a van) is better off than some on and off benefits with variable wages or young men his age sleeping on the streets and even they are better off than those in war zones. It's all relative really but interesting to hear about other people.

I wasn't commenting on anyone in particular, I'm just astonished how unaware so many very rich people seem to be that a large proportion of the spending that they see as 'essential' is anything but and well beyond the realms of unaffordable luxury to the vast majority.

I'm surprised we haven't have anyone saying 'well of course I'm not rich, I live in a flat (read - penthouse in Belgravia) and drive an old car (aka vintage Ferrari).

Of course there's always someone worse off, but those on £20k aren't 'the rich' (by UK standards) in denial of their very fortunate position, financially.

Almost £7k per month. But we're in London

Me between £3,200 - £4,000 depending what shifts/overtime I've done

OH - £3,200

I have no children. OH has one.

Forgot to say that's 4 weekly. Don't get paid monthly.

It’s around 6-7K after tax I would say but depends how dh’s business is doing, so varies.
South east, 2 adults, 2 teens, one cat!

@BarbaraofSevillle

Here we go again.

you regard private education / a nanny etc as luxuries.

But you wouldn’t say the family of two children on £20k cimpldumung they are struggling are indulging in luxuries by having a mobile phone or broadband.

And yet for millions in the planet...

As I set, daft argument

Unless the child has a requirement to attend private school then private school is a luxury

People aren't seriously arguing that its a necessity are they

We did offer the children private senior school but i think we left it too late

luxuries by having a mobile phone or broadband.

They are not luxuries even the Job centres and social services, CAB etc class that as an essential bill.

You even need the internet to claim benefits!

It's a bit simple to compare the internet with private schools.

We bring home 5600 a month (euro)
That is quite eye opening. I never really worked it out (paid into separate accounts).

I’m this thread is hilarious!

We know some extremely wealthy people and I can tell you now they don’t talk about money, net worth or disposable income. People in this category regard discussing money like this crass.

Some of the individual net salaries on this thread are ludicrous. I suspect some porky pies might have been made. People that earn money like that don’t talk about it, anonymously or otherwise.

Op what a pointless question!

I am genuinely quite shocked. I have never thought of us as poor as we own our own home, heat it & put food on the table & yet only bring home less then £2k. I can't believe other people are bringing home so much more & it seems the norm.

I dont think its the norm sun

sunhill You only have to look at national statistics to see it is anything but the norm.

How do those taking home £5, 8, 10k+ pm and 'don't really feel rich' despite having more money than about 95%+ of the population think that people on average salaries, like teachers and nurses deal with housing, childcare and education?

Not sure about the other jobs but plenty of teachers in their 30s (on the UPS with a TRL is some sort) in London secondary schools will be on 50-60k.

I didn't really see anyone saying these things are essential. I have done a lot of survival stuff on islands etc and I know the essential - water, shelter etc. Our buying the bigger house with ultimately the negative equity and a mortgage better bigger and bigger each month was buying an inessential (a bigger house) ( I started married on a mattress on the floor in a school provided flat and then pregnant there not that sleeping like that is bad for you - the Japanese do it and lots of people prefer floor sleeping) and hardly a penny over each month in that phase in the 90s. That was an active choice of mine in the hope of a better life/house.

We also kow it's not the norm to earn a lot. My van driver son is the norm and his lawyer sisters and I are not.

What is a luxury is always relative too. My neighbour doesn't have a mobile or computer but is perfectly happy without them.

Madness do you know how hard it is to get UPS these days?

Many teachers never see it, as due to cost cutting management deny it to them for spurious reasons for years on the front.

Most teachers in London (is those without TLRs) will be on far less than that.