To think if you are a family of 4 and struggling on £100k…

[LetMeSpeak]

That it is purely down to mismanagement.

I saw a debate on social media and I also know a few people on 6 figure salaries, have extremely nice houses and cars. Yet complain that they are stuggling the same way others with less money. Aibu to think if you are really struggling even in this economy, a lot of it is due to mismanagement with your money?

They may be struggling because they've taken on huge mortgages etc but they're not struggling in the same way others are because they have plenty of options available to them, they just don't want to take them.

I don’t know what we’d do with £100k pa. I earn £18k and DH earns £22k. We bought our home in 1995 so we’re mortgage free now. DC are 21 & 23 and are in education. We save up and one year we’ll holiday in the uk or Europe and the next year will be long haul we reckon 2023 the DC will want to come away with us, possibly for the last time. We save for everything and have no debt. If we don’t have the ££ we don’t get it.

So you don't have a mortgage to pay, and no childcare bills either. Brilliant! Some people arent lucky enough to be in that situation- I didn't buy a house in 1995 when I was 8 year old for instance!

Things will be easier for us in the future (£110k joint salary) but right now, with childcare costing around £3k a month (I have two in nursery full time as I work full time), and with a big mortgage, things are tight at the moment. We just have to wait it out until they begin school... but I don't think some people realise how crippling childcare costs are. Last year I was literally paying to go to work as childcare cost me more than I earned. We're now in debt, purely because I wanted to keep my job after having children!

OMG this is so true! We’re all rolling in it!

I live up north and bought my house for 80p last week. I don’t have any childcare costs as all my family live on the same street as none of us have ever left our pit village! I don’t pay for energy as we still burn coal found in the local mine and I don’t have a student loan as I cannot under any circumstances leave my pit village. This dramatically cuts down on travel costs and holidays. We shoot kestrels for food and I grow my own bark. Also everything is cheaper up here as we have our currency so if you ordered clothes online for example, you’d only pay 2% of the southern costs.

I’ve actually forgotten what the thread was, you may have touched the raw nerve poking out of my hungover head there 😂

Just why are so many people on here obsessed with people on 100k? Seems to be a long running thing on here.