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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask when is the cost of living going to go down?

239 replies

scotpancakes · 03/11/2024 14:53

When will working hard start to pay off? I scrape by every month. I can't afford to save, so I can't afford a house! I live in the South East and rent prices are crazy. Will this country ever become more affordable? For the past 16 years it's been doom and gloom and it just goes on and on!

OP posts:
HappyHedgehog247 · 03/11/2024 17:01

Hopefully your childcare costs will reduce once your DC is at school.

Understairscupboard · 03/11/2024 17:01

scotpancakes · 03/11/2024 16:52

@fedup33 best description of him I ever read was someone calling him a 'haunted pencil'

The best thing I heard was that having sex with him would be like tripping over a penny farthing in a dark hallway.

BonnieBairn · 03/11/2024 17:04

headstone · 03/11/2024 15:21

I had to retrain and move my child’s school. It wasn’t easy but it was better then giving a landlord all my money every month. I had a friend in London who accepted a council house near Hull in order to escape high rents. If your job can be done from home then you could live anywhere in the country.

That doesn't work if you co-parent though? You need to remain near the other parent, I would love to move to a cheaper area but I can't as my children have to be able to see their dad so I'm stuck in an expensive town for at least another 10years. He is a high earner but wouldn't pay the extra to travel further to collect/drop off his kids.

Monster6 · 03/11/2024 17:05

scotpancakes · 03/11/2024 15:13

Thanks for all your well meaning replies. It's not as easy as just moving, this costs money. Also, moving to cheaper area means changing schools and my daughter is happy! I can retrain (how do I become a hedge fund manager?!?) I work in the media, so notoriously lower paid than most other industries! I was hoping someone might offer a glimmer of hope! But I guess I'll just put up with my lot! Just sad we're such a 'rich' country and hard work doesn't seem to pay!

What do you do? I was a broadcast journalist for a very large organisation and I made 25k per annum 🙄😩😩😩 I moved sideways to comms, and worked my way up and now earn quadruple within 7yrs. Can you manoeuvre sideways?

Westofeasttoday · 03/11/2024 17:07

Mlanket · 03/11/2024 15:40

Yup, it's stagnant wages.

yep, they are shit but so many didn’t notice during the low interest rate yrs.

Exactly and any money you could save some banks were offering 8% interest!

scotpancakes · 03/11/2024 17:11

@Monster6 sounds similar to me! Im in publishing and salaries are low (though I'm in more than £25k)

OP posts:
another1bitestheduck · 03/11/2024 17:14

2dogsandabudgie · 03/11/2024 15:32

I think that rent is very high but also people now seem to have more bills than years ago. Looking back to when I was growing up there were no mobile phones, no subscription charges for various things, the only after school activity we did was Brownies/Guides. People walked more, nobody had pet insurance. There was no pressure at Christmas to fill December with loads of expensive events. Life was much simpler.

Prices very rarely come down. You have to decide what is important to you to spend your money on and not fall into the trap of feeling that you have to have it all.

"there were no mobile phones" always makes me roll my eyes

right but in the 1990s, say, the average person would have
-bought a wall calendar and diary every year to keep track of their appointments
-still paid a monthly phone bill (I've never had a lineline since I bought my first house nearly a decade ago) which without texting or internet would have been your primary way of communicating with anyone, and would thus have been very expensive
-had a decent camera and spent money each time on film and getting photos developed
-had a sound system for the house
-if they were thirties or younger, had a walkman (or a bit later a cd player)
-spent money on records/tapes/cds regularly
-a decent alarm clock
-a decent watch
-bought books on a regular basis
-bought a daily newspaper
-A-Z whenever you wanted to go anywhere new

possibly other things like a printer, stamps, paper, scanner for important docs, or to send parcels, before you could just use your phone for labels. And that's not counting the things that might not have cost money but would be much more timeconsuming or annoying, like having to carry round a wallet full of store cards, or bus timetables, or cashing and writing cheques to pay bills without apps for online banking, etc.

all of which have been replaced for many people by a mobile phone, which for the £7.50 I pay a month with giffgaff I consider very reasonable!

And much simpler! How on earth can you say receiving bills through the post and writing and posting a cheque, and making a note of this for every single bill or card, every single month, is easier than all of this just happening automatically once you've taken 2 minutes to set up a direct debit?

TheDeepLemonHelper · 03/11/2024 17:16

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wowzelcat · 03/11/2024 17:16

A little over 10 years ago, we moved to the East Midlands in a rural area to be able to afford a house, bought a fixer upper, did it up and now have the mortgage paid. I was subsequently headhunted for jobs in London, but when I looked at the prices of housing, the salary just didn’t make the move worth it whatsoever.

I know you want to do what is best for your daughter, but I might consider weighing moving to a cheaper area and buying, versus running to stand still. As you get older, you won’t have the energy to work all hours, and a house that is paid for becomes worth its weight in gold.

If you are a university alumna, their career services might be open to you, and that can help with a new job, retraining, etc. Might be worth a look.

Stretchedresources · 03/11/2024 17:17

It won't.
And I understand that deflation is even worse.
I don't know what the answer is apart from possibly more appropriate housebuilding.

Monster6 · 03/11/2024 17:18

scotpancakes · 03/11/2024 17:11

@Monster6 sounds similar to me! Im in publishing and salaries are low (though I'm in more than £25k)

@scotpancakes its madness how mismatched the ‘idea’ of a media salary is to the reality. Fair enough if you’re a well know long standing journo with a special oeuvre like politics etc, but most people who you hear on local radio for example are on less than 28-30k. I was always given the impression by my employer it was a privilege to be in the position I was in…bugger that, I need cold hard cash! See ya bye!

safetyfreak · 03/11/2024 17:23

Now days you need two wages to afford a house,

I own a home but only because I have a joint income with my husband. I never would have done it when I was a single mum.

scotpancakes · 03/11/2024 17:25

@Monster6 oh yes! They bang on about it being a privilege to work in this 'fun, creative' job and then you find out that men doing same (normally doing a worse) job as you are on a lot more! Also, in publishing the gap between junior, middle management and senior management wages is insane!

OP posts:
ManchesterLu · 03/11/2024 17:26

They will never stop going up. The best we can hope for is that a) things stop going up as fast and b) wages find a way to raise to make up for it.

scotpancakes · 03/11/2024 17:26

@wowzelcat great suggestion for uni career advice! Thank you xxx

OP posts:
Serencwtch · 03/11/2024 17:26

The nursery & infant school years are brutal as a single parent as you feel you just work to pay childcare. In that respect it gets alot easier when they get older.

Ytcsghisn · 03/11/2024 17:30

It’s not going to go down.

We live in a socialist high tax, high spend country. More than half of everything that’s spent is done so by taxing, borrowing or printing money. Businesses are going to the wall. High earners and investors are fleeing the UK. What’s left is an economy on life support with more than half the population reliant on an ever shrinking number of net contributors.

Now wages will be suppressed even further as business cut down on pay to make up for governments tax hikes. While insane government spending causes inflation.

The only way to get out of this is to leave batshit Britain. Like all the sane people with money are doing.

taxguru · 03/11/2024 17:34

Cost of living will never go down. Prices only ever go up. The "Rate" of increase may rise or fall, i.e. inflation, but that just means the amount of increases will be bigger or smaller, not that there would be any decreases. The hope has got to be that pay rise increase at a faster rate than the rate of inflation. Anyone actually expecting prices to come down will be sadly disappointed.

AquaPeer · 03/11/2024 17:39

fedup33 · 03/11/2024 16:51

Really? because a recent holiday in Spain says otherwise. Bullshit.

Are you serious? It’s been widely reported for years?! A holiday in Spain? 😂😭😭😭

WhitegreeNcandle · 03/11/2024 17:42

AquaPeer · 03/11/2024 15:56

OP already works in an office job, I don’t think she needs to investigate the sort of work you’re describing.

Point being they probably earn more! I’ve just loaded a lorry with a female driver. She’ll be pulling a fair old wage on a Sunday night run.

Savingthehedgehogs · 03/11/2024 17:43

This is what people voted for op.
We are going to be paying much more for less. Your taxes will disappear into a black hole.

Understairscupboard · 03/11/2024 17:45

AquaPeer · 03/11/2024 17:39

Are you serious? It’s been widely reported for years?! A holiday in Spain? 😂😭😭😭

But we are doing much worse than the other all other G7 nations. The UK has experienced the highest inflation and lowest economic growth of any G7 country since the end of 2021.

Lickthips · 03/11/2024 17:47

Ytcsghisn · 03/11/2024 17:30

It’s not going to go down.

We live in a socialist high tax, high spend country. More than half of everything that’s spent is done so by taxing, borrowing or printing money. Businesses are going to the wall. High earners and investors are fleeing the UK. What’s left is an economy on life support with more than half the population reliant on an ever shrinking number of net contributors.

Now wages will be suppressed even further as business cut down on pay to make up for governments tax hikes. While insane government spending causes inflation.

The only way to get out of this is to leave batshit Britain. Like all the sane people with money are doing.

Where do you think the OP should emigrate too? Where's better for someone on a low -medium wage?

Understairscupboard · 03/11/2024 17:49

Savingthehedgehogs · 03/11/2024 17:43

This is what people voted for op.
We are going to be paying much more for less. Your taxes will disappear into a black hole.

The OP refers to a period of the last 16 years.

midgetastic · 03/11/2024 17:54

The uk is poorly performing compared to peers and we have the greatest rich/ poor divide of those peers and many believe those are linked

Which means things really suck if you are nearer the bottom of the heap

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