HH income of £250k but we don’t feel rich?

[Bdrgvlugcbu]

Not a brag in the slightest! And wouldn’t discuss this non-anonymously.

DH earns just over £250k per year. Has fallen into the role really and is based on natural ability/talent as oppose to lots of hard work and training. He works very long hours though. I’m a SAHM to 3 young children.

Take home is approx £12k per month.

School fees: £3,000 per month
Mortgage, car and bills: £3500 per month
Personal savings £2000 per month
Kids savings: £450 per month
DH and I take: £500 personal money each per month
Leaves us with £2,000 per month for general spending, food shopping, days out, holidays, children’s clothes…

We don’t really go without, but we don’t feel “well off” by any means. Where are we going wrong?!

You really need to reframe how you think about your income.

Money put into savings is still spare money - you choose to save that much rather than spend it. It’s a good thing. You are in a good place.

If you had £1million left over per month (after mortgage, bills and school fees) and you chose to put £998 000 into savings then you still would only have £2000 left for general spend.
You don’t have as much as that but you do have over £8k/month spare after mortgage, bills and school fees - £2000 savings per adult, £450 savings per child, £500 fun money per adult and £2000 miscellaneous.

Apart from explaining to all and sundry just how detached one is from reality, I really do wonder about posts like this. What could anyone hope to achieve from it?

OP, take some washing in or maybe do some dogwalking on the side if you're feeling so poor and don't fancy flashing your tits on OnlyFans.

You haven't addressed the people that have said to you you are managing to save their entire wage every month.

So why do you feel "not rich"

Why don't you work?

So many questions in this thread, so few answers

School fees! That’s what’s making you feel like you don’t have enough spare. I agree you should be over investing in pensions given your income and current pot you have saved. Your mortgage and bills seem high but that could be that you live in a relatively large house/large mortgage. Your outgoings will always expand to what is there. But £3k a month currently on schools fees - that’s your fancy holidays cash, it’s the money you could use to lease a fancy car.

if the kids are school aged, why don’t you go back to work and put them in wraparound care? What’s your earning potential?

To quote the kidz, you are delulu 🤣

Get a job.
Or get a financial advisor.
Or get a grip.
Or all of the above!

Oh, to start the month with 2K, let alone end it with 2k left over.

you have spare money - you put £2.5K into savings each month. If you can't afford it then don't save it.

you pay for private school fees

you have £500 each per month

you have £2K for bills and food etc

you have holidays.

Despite you being a SAHM you pay somebody to do the cleaning and ironing.

You are not short of money. If you want to make some cutbacks, then cut back on the holidays, put the kids into state school and do your own housework.

Why didn't he pay into a pension when he was earning £180K? Why didn't he pay into a pension for you then?

You do, you just spend it on school fees and savings?

#thoughtsandprayers OP 🙏🎻

It must be a troll, you have plenty, you should be giving some away if you have that much, we earn much less and do.

Actually half your income is "spare".
Mortgage and car £3500 a month and you live in a semi? What car is it?
If he's in tech you could live anywhere. Move somewhere cheaper and get a massive house for less money.
School fees are a choice, you have £3k a month "spare" only you can decide whether £36k a year is money well spent.
You choose to pay £12k a year into a pension and nearly half as much again into children's savings. That's all spare money.

You put 2K in savings

I saw this and thought of you.

And isn’t it strange that they are all so
bad with money as well and that they need advice? Bless them, poor things.

Advice from losers like us ....

So so true. Poverty will never be solved then.

You've answered your own question.

You didn't start saving into a pension at an earlier age. Even a modest amount early on makes a massive difference as it has longer to grow.

But you can't change the past.

If you want certain things that you value now then you make adjustments.

You don’t know what you don’t know.

I think your mistake is thinking 2k of savings is an outgoing a month, it's really not. You really have more disposable income than you think you do and school fees is a choice.

You have lots of money left over each month. The school fees, savings and £500 each spending money are all luxuries. 6.5k - month on all of that.

You have around £5k a month left over. You decide to save a large chunk of it.

What you have left over is more than most people earn.

Either the post is a lovely bit of trolling or you are completely clueless.

Have you ever earned your own money or always lived off your husbands?
Maybe you’d feel less insecure if you had your own income instead of having to live off someone else’s earnings ?

2k a month after savings and all bills are paid is what a lot of people get paid in one month...
what exactly would make you feel rich?!

I hear you OP. When I was starting out in my career, if you’d asked me what kind of lifestyle I’d be living on that sort of income, I’d have mentioned couture, first class flights and splashing the cash like it was going out of style.
I’d have assumed I’d feel absolutely loaded. In reality, we have plenty but after school fees, pension contributions and holidays (mainly in economy), bills and socialising, I don’t feel particularly rich. And I’m still shopping in Zara.
We do have good investments and pension though but no, I don’t feel rich either.
Still, I have my heating in ten hours a day and never have to worry about day to day spending which I’m grateful for. To feel rich, I’d never be flying anything other than business (not bought with points or upgrades). That’s my Rich metric.