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.

£3800 after tax. I'm PT (2 days) DH full time. Also includes Child benefit for 3 DC. Live in central Scotland. DH can earn extra with overtime but no longer gets an annual bonus since transferring to a new role.

Cadbury were similar to yourself, we have a comparably low income in regard to other posters but our mortgage and debts are minimal. So we have possibly a larger disposable income than those on 11k a month with like a 10k outgoings.

Just out of interest, how are you still able to claim child benefit? My DH's take home is slightly less than this but he's on £65000 a year, which means we're not eligible... Not being snarky, just curious!

Wondering the same as you have to pay tax on child benefit if your income is over 50K and if your income is over 60K, the extra tax you pay will cancel out any benefit you are getting.

DP and I earn about £4800 between us per month (low mortgage/ outgoings though) so about £3200 per month of living money- we try to save.

No DC yet

There you go. Far more useful than asking on MN:

www.ifs.org.uk/tools_and_resources/where_do_you_fit_in

This is just like all the other bragging comparison threads.

“My child achieved 119, 120 120 on their SATs. Are they doing ok?”

“Our montage is £200 a month. Are we overstretching ourselves?”

“We have £240,000 saved up for each of our children. Do you think that’s enough?”

Those getting child benefit must both be working and earning under 50k each. Quite unfair.

Oh, I forgot

“My BMI is 20.5, am I fat?”

Jesus Christ what on earth does everyone do for a chuffing job??!

My and my DH work incredibly hard and both went to university to gain degrees to achieve our jobs. I thought we were doing well and live a comfortable lifestyle but we earn no where near that each month!!!

It’s probably because of age. We are early fifties so have gone up the ladder at work.

Interesting thread. Seems weird hearing people say they have £7500 and have to budget (I guess you have a big mortgage?).

Single mum here, 2 disabled kids. I work part time as I can’t get child care for youngest disabled child. I take home £600 per month. I have to budget

Those getting child benefit must both be working and earning under 50k each. Quite unfair

I don't understand this comment? What is unfair - that both work? That both earn less than 50k? Do you think child benefit should only be for unemployed people?

Around £1000 a month comes into our house for my daughter and myself to live on.

Of course I get benefits and my dc get DLA but it’s still a struggle sometimes.

I don't understand this comment? What is unfair - that both work? That both earn less than 50k? Do you think child benefit should only be for unemployed people?

Don't the rules mean you could have two separate incomes of £49k and still receive child benefit with a joint income of almost £100k but if another parent earns £51k they aren't eligible?

I don't understand this comment? What is unfair - that both work? That both earn less than 50k? Do you think child benefit should only be for unemployed people? confused

No not at all. I was referring to the fact that a couple earning 49k each get to keep their child benefit. Where a one parent working family will start to lose child benefit at 50k.

Single parent with 2 primary age children in the Southwest
Salary for 18hrs per week (civil service) 700
Tax credits 698
Child benefit 134
Child maintenance 320
So approximately 1850 total. Finances are tight but the mortgage and bills are always paid. I'm careful with budgeting and planning, I place a lot of value on travel and life skills, so spend on camping holidays and extra curricular activities rather than takeaways or nights out.
On paper we have hardly anything, but we are life rich. We have a great quality of life, enjoy the free things in life and we all appreciate what we have.

About £10K / month. I spend most of it on champagne, eating out at fancy restaurants, fancy cars and exotic holidays. If there's any left over, then I might just treat myself.

^^this, clearly except I don’t drink alcohol or have a car

Around £3k

£1000-£1700 for me (higher figure is when I sell and get commission, maybe every other month)
£2000ish for DP, not sure exactly how much.
£80 child benefit.

I also earn small amounts doing other things totalling maybe £100 - tutoring 1hr p/w at £12ph, make £10-50 on eBay selling things.

Out of that we have £500 a month nursery costs, £600 rent, £200 bills.

Plus we've been haemorrhaging money the last few months as we're buying a new house. I've been doing a huge drive 4 times a week to nursery (which is where our new house is going to be) then work, then back again 8 hours later, so I'm spending about 25% of my income on petrol.

Me, DH, 3DC, North East, £16,500 a month, one salary (as I just lost my job)

workreturner The amount you are getting in Tax Credits, would be the correct amount if you had a £0.00 Salary. I've just checked on the Tax Credits Calculator.

On your salary of £24,000, you are entitled to significantly less than what you are receiving. This is why a PP on the same salary as you is receiving a lot less than you do.

It seems to me that HMRC have your salary recorded as Zero. That'll be one hefty sum you have to pay back, when HMRC realises the error.

Don't the rules mean you could have two separate incomes of £49k and still receive child benefit with a joint income of almost £100k but if another parent earns £51k they aren't eligible

Not quite. Someone on £51k will get 90% of full child benefit and possibly all of it if they pay into a pension. You have to earn £60k after pension contributions to lose all your child benefit.

Seems unfair, but if you have a couple both earning £49k, they probably have considerable childcare costs as both likely to be in full time irregular or long hours jobs to earn that amount. The other situation of the £60k earner with a SAHP and no CB might not be that much worse off once childcare costs are taken into account.

Me, DP and our DCat, £1.1K a month

It's absolutely disgusting that people who have so much income are claiming tax credits.

£1700 ish. This includes salary from my PT job, tax credits, child benefit and child maintenance from my ex husband. I don't pay tax as I don't earn enough but this is after pension contributions.

I do not struggle on this amount due to low outgoings and only having one child. After bills, rent and food I have about £800 a month left for luxuries which is plenty for 2 of us.

Dh is on half pay at the moment but I'll put our normal figures before he went off sick

My wages £2,404
Dh's wages £2.021
Child Benefit £137

Figures are take home pay after tax