To ask what you think of this joint income?

[Fineapple1]

Joint income of 7596 including child benefit

verdict…
more than enough
enough
could be better

i know it’s dependent on outgoings but but as a general income.

I can't work out how you can be entitled to child benefit.

Well, it’s a lot more than mine

i don’t feel we could afford private school, there’s none nearby anyway so it’s not an option.

Impossible to say without knowing your outgoings. I doubt you could afford private school even for one child.

I agree, no private school here anyway but no we wouldn’t afford that. I’m not bothered about that anyway

Same.

Full child benefit for two kids is £187 a month according to Google AI, so £7408 from salaries. Half of that is £3704. But to get that, after tax and a 5% pension, they’d need to each be earning 62k. Child benefit isn’t payable if either parent earns over 60k.

Other benefits, OP?

Anyway, yes, with two kids and two parents each earning over 60k I’d say that income should be fine.

Ok? It's a very high income! This isn't average.

Well we feel very comfortable on around 7k so sounds great to me, not sure how you get CB though?
We save, invest, overpay the mortgage, consider private ed, no debt, it's a nice place to be.

I’m guessing this will turn out to be a drip-feed goady thread where most of the income is from benefits.

Why do people keep saying this? You're all acting like we have no control over our outgoings. It's bizarre. No one HAS to have a large mortgage or expensive hobbies, clothes, holidays etc.... €7596 per month is a great amount to have. If people choose to piss it all away on unnecessary things then that's on them but that doesnt change the fact that this is still a good amount.

Interested to know what difference it makes OP.

Significantly above average, but you can see that for yourself so feels like a brag.

It's always like this on Mumsnet it's really strange. As though having a very high income but then spending it all means you don't have a very high income. Surely the point is that you have the option to have the big house, private school, birkin collection, whatever.

Whenever someone posts this kind of thing they are always earning loads. Is it ok to only be saving £1500 each month? Will my children starve on my salary of £90k? How can I ensure I can give all my kids £100k each?
Are these threads just for boasting purposes or can people genuinely not think for themselves?

Haha exactly. It’s not enough if you want to run a private super yacht but you should live within your means and they clearly have significant “means” compared to most.

Why are you asking? What's made you doubt things and look for reassurance that having more than enough is okay?

On paper your income is very good, but it depends on outgoings and how much you save/have in savings. Your mortgage is high, and your pension contributions are low.

Curious to know how you are intelligent enough to earn this salary between you but not to workout if it’s decent? Is it easy? Do you need simple maths or a brain for it?

That’s lots!

Keep your outgoings low and build up your retirement savings/ wealth (stocks and shares ISAS are a great starts after you’ve paid into your pensions) and enjoy!

If it is two salaries, they'll both be on around £60k each.

Upper limit is 80k, not 60k.. its a sliding scale above 60k. Plus the 60k is after deductions like pensions (but not tax)

You have loads of money, and loads of spare money. Compared to the average and with an average lifestyle.
not really enough for supercars and designer bags or 3 x 5 star long haul holidays a year.
But enough to live comfortably and not stress about money at all and live a nice life.

Yes, is that different to what I said?

Why the disparity? You should be putting in the same as your partner (more if you took time off to look after the DC).

What prompted you to ask this question op?
It sounds like it’s enough for your family but it could always be better. Good to still have ambition.