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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

"We're on good money"

134 replies

FunionsRFun · 28/01/2024 09:44

When a poster says they are on good money or a good salary, what figure comes into your head? For me it's £70k for an individual, and £100k for a household.
For what it's worth I am not on good money!

OP posts:
Mandylovescandy · 05/02/2025 22:49

I think you get used to what you have and adjust expectations accordingly so it can be hard to feel like you are well off. I think I am definitely now on good money (£70k so 3900/month) but with mortgage (which I am admittedly overpaying), other bills, childcare, kids activities etc plus recent expenses (car fixes, boiler breakdown etc) I don't feel like I have very much disposable income

overthinkersanonnymus · 05/02/2025 23:00

I'd say good money is about £50k.

I'm on £30k and feel like I'm on Ok money.

MidnightMeltdown · 05/02/2025 23:01

Surprised by people saying 40k. 40k is about the median salary for a full time job. Does average count as good?

I'd say that 'good money' is at least 70k

InDogweRust · 05/02/2025 23:08

Dependings on location & family type. To me "good money" is having plenty for housing costs and bills, an annual family holiday in school holidays, not having to worry or count the pennies to afford a takeaway on the weekend, clothes & gifts, the costs of christmas.

With kids:

  1. London & the naice bits of the south east (plus a handful of posh bits of north & Scotland) : single income 100k, family 150k.
  2. Other parts of the south/nicer Midlands : single income 70k, family 100k
  3. Less naice Midlands/Northern cities:single income 50k family 80k.
  4. Cheapest small towns (mainly north, wales, scotland, NI) - single income 40k, family 65k. Basically because housing costs are so low.
CharSiu · 05/02/2025 23:10

DH and I had some years where we were on good money, almost 90k between us, I worked PT at the time and we had zero mortgage as paid off and DS was at secondary school so no childcare. Plus up North.

GiddyRobin · 05/02/2025 23:11

Combined, our salary comes out as around 130k, not including bonuses. However, we both have other mediums of work (DH is a violinist, I'm an author and I make/sell something which is extremely niche) which boosts that. So all together closer to 200k. I'm 35 and he's 40, so that's likely to increase over the next 2 - 5 years. It slowed for various reasons for a while (injury, kids).

But we live in the NW, are mortgage free after renovating an old property, and debt free. So it goes a long way. We're not big spenders and are good at saving.

CountryMumof4 · 05/02/2025 23:15

I guess it's all relative really. My husband makes out that we're destitute, but we manage to pay all our bills/mortgage/childcare costs fine, and I can still treat myself and the children and he continues with his (expensive) hobby. Do we have a lot in savings? No. But we can cope with emergencies that come our way. To some, we'd be rich and extremely fortunate, but to others we'd have practically nothing. I count us lucky that we're not in a dire financial situation at the moment and hope to continue that way.

WhiteLily1 · 05/02/2025 23:20

Has to be over 90k at least for me to think good money. But then im
in the SE

user243245346 · 06/02/2025 10:53

sunnydayhereandnow · 28/01/2024 10:08

Yes, it's absolutely relative to outgoings. My salary is about 78k, which I always thought was really great money, but with interest rate hikes my mortgage repayments are now over 40% of my take-home, which has moved me from having some money to put into savings each month and seeming to have enough for whatever I needed, to not having much financial wiggle room at all. I'm a single parent and while I wouldn't say I'm struggling, after childcare and other non-negotiable bills, there's definitely not money to spare for bigger outgoings and I've been consciously looking for places to cut down a bit more. I'm not worried in the long run as my mortgage is paying for a nice apartment and I'm paying into a good pension, so I still feel that my financial situation is good, and I absolutely chose to buy an apartment at the upper range of what I could afford - but tbh the COL and interest increases took me by surprise - I hadn't expected in my mid 40s to be feeling the financial pinch I did in my mid 20s.

You're penalized for being a single parent who earns well - extra taxes, little or no help with childcare and having to pay back child benefit. It's really unfair as a system

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