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.

heating and elec bills

You'd think that with your wealth, Xenia, you would be able to afford an energy efficient eco house.

The £4500 got chopped off, there.

No-one is going to tell you the truth.

At the moment my monthly net income is £2727. It is just me and 3 dc and that income includes £1461 that I earn (net), £198 Child Benefit, £240 Child Maintenance, and £828 tax credits.

So £1266 of my current income is going to go over the next few years (my youngest is 12 and my eldest has two more years at school) and my aim is to earn a salary that will provide me with the difference by the time I no longer get all that help - which is a big massive jump but I am going to try .

I spend £10 a week on petrol & £30 on food. Its not even worth me putting my wage on here

Bloody hell - What must it be like to be in a supermarket & have enough money to buy one of everything

£4000 (me £2100, husband £1900) plus £82 child benefit, and £319 a month DLA for child (age 14). Live in the North.

I don't know why people question the high salaries. It's true - there are many very high earners out there, particularly in London - I've met them (but not one of them myself unfortunately!). As with Xenia, I'll be encouraging and supporting my ds to consider high net worth jobs as a career. Aspiration is everything.

About £3,000 each month.

Two incomes, one FT and one PT. Plus child benefit for one child but that's it. We have no childcare costs so our wages go quite far.

Some of the monthly incomes on here are crazy though, I don't know anyone in real life who brings in that sort of money!

Usually 5k per month after tax (salary) but less at the mo as I have dropped to part time since having DS in January so it's about 4.2k

Xenia - I'm not suggesting everyone gets the same pay. I think there are a myriad of really good reasons why some jobs should be paid far more than other jobs......

• to account for long training
• to account for experience
• to account for responsibility
• to account for a job being really unpleasant
• to account for a job being dangerous
• to account for unsociable hours, etc.etc.

What I'm talking about is the amount of difference, between the very few, and the majority.

What makes the job of a City lawyer or banker "worth" that person being paid so many multiples of a paramedic, for example ?
Obviously, one tiny example - not having a 'go' at any particular profession, but, to my mind, someone who is a 'marketing Director' isn't necessarily doing a job with a great 'worth' to society (perhaps like a teacher, nurse, probation officer, youth worker, family support worker), doesn't have years and years of specific training (like a medic needs), isn't a particularly offensive or anti social job (cleaning sewers anyone?) or a dangerous job (Police Office maybe? or Prison officer?) so why can they be paid so much more than all these other professions ?

You are lucky that you had skills, intelligence, presumably a supportive family or school teacher who was able to guide you in the right direction, to be able to choose your career. My thinking is, why not make the careers that serve the population the best, into the best paid careers.

Petbear- why do you think people aren’t telling the truth. My children are at private school- I know loads and loads of people on big salaries. Business people/ lawyers/ doctors/ bankers/ property developers etc. My husband and I had 7500k a month and always felt poor in comparison to many of our peers.

About £4500 to £5000 net a month between us after student loans, tax, pension etc.

Back for good- responding to why certain jobs get paid more than some professional worthy jobs- I would say it is because of the amount of responsibility and autonomy involved. I am in charity management on a very good salary- more than double the staff doing front line work. 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. The range of skills needed is wider essentially and I carry the risk.

After tax about 5.5 grand - just 2 of us.

Why do people post these threads? What possible difference does it make to the OP what people earn? All it does is give the alleged high earners yet another opportunity to boast about how well off they are

Me and DD (14) £3300 before tax not including child benefit
New job so no idea how much I’ll be taxed etc

About 2800 2 adults 2 children, no benefits in south east so outgoing before food and petrol 2150 😬.

Return to work- be careful with tax credits they did this to me, I queued and said it didn't sound right but like you my salary was only for 5 months of a tax year. The next year they said I was still entitled , I again asked if this was based on my whole tax year wage they said yes. Then gave me an overpayment which was hefty. Nearly happened again this year , they say I'm entitled but I know as of April I won't be so I've asked them to stop payments.

You have to remember that pension changes mean you can’t have a pot of more than one million. So some people are being paid in lieu of pension contributions. It impacts on high earners.

Our household is about £16k averaged out across 12 months without annual bonuses but I only get paid in a lump sum once a year and dh bonus is 1 month a year. March is usually a stonking month!

About £800 a month less that what our total outgoings are.

Consequently always in overdraft and in financial one step forward/two steps back scenario.

You live to your earnings and more income dojesnt always mean more disposable cash

Oh come on, if you're burning through anywhere near £9k pm, a significant proportion of that is discretionary spending, ie from disposable income.

Even massive mortgages, school fees or childcare bills because they're things that people on lower incomes simply can't afford so don't have, ie if you earned less you'd need to live somewhere cheaper, send DC to state school or find a cheaper solution to your childcare needs.

@petbear

No-one is going to tell you the truth

upthread I posted a photo of a hmrc letter proving I earn £24k for 24 hours work, plus £200 WTC and £417 CTC (latter will fall end of tax year), plus £137 CB.
And I could post my divorce consent order confirming my ex pays £2350 a month in child maintenance

I have no reason to doubt the high figures on here. My ex is on £152k plus circa £75k bonus. He’s head of a department in FS in the city but his pay is dwarfed by other more high profile department heads.

My best friend is an in-house lawyer. On £145k. Her husband is a civil engineer and on £160k

Just because you don’t earn a lot doesn’t mean that others don’t earn a very good salary

That is £24k annual salary for part time 34 hours a week!

£40k if I wasn’t party tube

I have just returned to work thus month after being a sahm for 9 years. By the end of next year I am aiming to negotiate a very significant pay rise once I have proved my worth. I will be disappointed if not on £75k

Oh fir goodness sakes

£24k for 24 hours a week

Excuse typos. Rushing!!