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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask your yearly household income?

209 replies

Sfuandtired · 12/01/2024 21:20

Feel free to say I am being unreasonable and tell me to mind my own business, it’s a genuine question though, I’m interested in finding out if the wealth divide really is as big as it’s portrayed in the media and/or if I’m losing touch with reality.
I’ll start, ours is 60k after tax, 2 working adults and 2 children and I’d consider us to be in the average range. TIA

OP posts:
Agustus · 13/01/2024 06:13

Ok.

150k a month.

I'm one of five, and we're all a bit 'rich'.

My younger brothers do 400k a year.

My oldest sister mebbe over a million a year.

We not that great.

We're OK.

londonguild · 13/01/2024 06:20

340 per year. But our mortgage is £4000!

Neurodiversitydoctor · 13/01/2024 06:58

Me circa £160 k
DH circa £100k

Take home £9,000 a month Kent
Mortgage £2,000
DC at Uni £1,500
DC at home £500
Other household bills £1,000
Personal spending money ( including clothes, professional subscriptions, travel, holidays, hair cuts, presents etc) £1,000 each

Leaving £1,000 each for longterm savings on a good month.

itsallnewnow · 13/01/2024 07:15

anniegun · 12/01/2024 21:27

Gosh that was eye opening Blush

Blindsided12 · 13/01/2024 07:19

440K before tax. Both work in tech. 1 remote, 1 in office. 2 kids. Lucky but feels precarious as I don't like my job.

Wannabegreenfingers · 13/01/2024 07:48

Just over £53k. Single parent with two children. I'm a homeowner with a sizeable mortgage in the SE. Very little savings as everything went on the house after my divorce.

Heatherbell1978 · 13/01/2024 08:29

Posts like this always make me realise that I must do a great job of budgeting as I feel like I get a lot more out of our salaries than others. Realise we're fortunate to be in the upper bands earning wise. Jointly we're on £160k with potential for additional £10k bonus. After putting around £3.5k into pensions between us and car on salary sacrifice scheme, we take home around £7k. I also pay various insurances and sharesave schemes from my salary.

Mortgage £1400 p/m on a nice 4 bed in a Scottish city suburb. Drive 1 electric car on a lease but when that's up we'll buy used and try and get a good 6 years out of it.

DS starting private school this year and DD once she reaches secondary.

We get around 3 holidays a year, one abroad.

oneflewoverthe · 13/01/2024 08:56

I think some of the figures these posters are giving are bullshit. We take home less than a lot of these posts and are still the top 95% according to that survey.

AnaMRT · 13/01/2024 09:09

Can I please ask… What are the jobs that earn over 100k each? I’d like to sign up please!

I’m on 21k (work in healthcare) and husband on 38k and we live in London. We are renting with 4 kids. Both of us work 12hr shifts.

Do I need to work in tech or finance to earn some of those high figures? If so…. Are there any apprenticeships going?

Flamesatmytoes · 13/01/2024 09:13

Flandango · 12/01/2024 22:56

Oh yes. Tax is for the little people.

i need to gold plate my Bentley. Can’t do that if the government steal my money and spend it on frivolous things like ‘education’ and ‘health’

I’m not sure many people get out of their tax bill. I’ve just paid mine and it was £50k.
It stings for a moment then I give my head a violent wobble. I’d happily pay more tax if the government targeted me. However I know plenty of private schools are taking action against the anticipated VAT on fees. People don’t like paying lots of tax.

Maicon · 13/01/2024 09:17

@AnaMRT are you a nurse? If so look into clinical research. Once you transition to industry in a clinical research role the money easily doubles and it's generally flexible and from home.

AnaMRT · 13/01/2024 09:30

I’ll look into that! Thank you so much for the tip @Maicon I’m not a nurse but I work with midwives and doctors. I want to progress and do further study but it’s so disheartening as the salaries are so small compared to the cost of living in London. Would love to be able to own a home one day as we’ve been saving for years but the prices are ridiculous in London. Seeing the blood sweat and tears the midwives endure and just the sheer amount of stress compared to the pay is very disheartening. However there is a lot of job satisfaction as it’s lovely to be able to make a difference to people in their time of need. I’m thinking ahead and my body won’t be able to handle the 12 hr shifts for the next 40 years so will definitely looking to clinical research. Thanks once again!

Maicon · 13/01/2024 09:40

@AnaMRT look for 'clinical research coordinator' 'clinical research assistant'. Both will be entry level positions but most will require some sort of uni degree. Next step up is 'clinical research associate' and the money starts to go up quickly from there. You can work in medical devices or pharma if you want the leap to industry. You need to be able to flexibly work with lots of big ego consultants. Lots and lots of Health Care workers transition to clinical research for the same reasons as you. Good luck!

Agustus · 13/01/2024 09:42

Blindsided12 · 13/01/2024 07:19

440K before tax. Both work in tech. 1 remote, 1 in office. 2 kids. Lucky but feels precarious as I don't like my job.

What do you do @Blindsided12?

If you hate it you can probably seague.

SideshowAuntSallyx · 13/01/2024 09:42

anniegun · 12/01/2024 21:27

That's quite interesting, it says I'm better off than 65% of the population. Doesn't feel like it mind you but I suppose if I didn't have debts and bills and just a mortgage and council tax I'd actually have quite a bit of money.

Krampers · 13/01/2024 09:56

User6464242 · 12/01/2024 22:39

DH (doctor/surgeon with his own clinic) makes about 1.4million a year and I think about 30% ends up his own after all costs are deducted. I make about 80K pre tax and 45K post, also self employed.

Obviously being MN, people will assume all high earners are lying fantasists because they think that rich people are so rare they can't possibly be spending their time on random online forums. Truth is, high earners are not that rare at all especially middle-aged people who have had decades to establish a career (core demographic here).

We don't live the "Instagram" lifestyle that people may assume you do in this bracket. We both drive cars that are over 10 yrs old. Our home is in a luxury new build but not big for 3 (900sqft). Our only splurges are holidays and private school for DD. We have split accounts and I pay for my own clothes/consumables and DH sends me 1K a month for household stuff like groceries, bills etc. I honestly don't know what he does with the rest of the money...usually invests all the excess back into his business.

Edited

What’s his specialty?

thermostatic · 13/01/2024 10:04

Just do a search and you'll see there's a thread on this subject approximately once a month. I suspect they're also often started by journalists.

sleepyscientist · 13/01/2024 10:05

Around 90k pretax from both working full time. Side hustle varies (we reinvest a lot) last year we took 9k out. We are the lowest paid amongst our friends and live about as far north as you can get before Scotland. Housing is cheap so we don't struggle and we renovate so don't have a massive mortgage for the house size.

AnaMRT · 13/01/2024 10:13

@Maicon thanks so much! Will definitely do some research into this. I do have (an unrelated) degree from a good university in London. Was looking into possibly doing a degree apprenticeship in OT or Speech and Language Therapy as that would be rewarding but I also need to consider my big family and hopefully eventually getting on the ladder. Thanks once again for all the information!

Oblomov23 · 13/01/2024 10:13

I find these figures misleading. We earn the least of all the parents we know.

dottiedodah · 13/01/2024 10:15

Seems a little intrusive ! Surely people will just say random things anyway.

Maicon · 13/01/2024 10:27

@AnaMRT You'll be fine if you have a degree. All you need now is some experience. If you struggle to find a job that will take you on straight away speak to the medical students or PhD students about their research projects and see if they need some help. Let it be known to the consultants that you'd be willing to help with consenting patients for trials etc. I work with people who have degrees in physics, English, art etc. It honestly doesn't matter. A degree + experience + the right personality is what you need.

AnaMRT · 13/01/2024 10:35

@Maicon amazing! Thanks so much I really appreciate you taking the time. I will look into getting some experience before I apply for any jobs. I know a wonderful clinical research midwife so I’ll speak to her about it and if I can (shadow/help) her on my days off as well. The consultants in my Trust are wonderful so I’ll speak to them too! Thank you once again!

NewYear24 · 13/01/2024 10:36

70k per year pensions.

AhBiscuits · 13/01/2024 10:37

That's Numberwang!

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