For my husband to earn £65,000 per annum and we still can't afford to live in this bloody country!!

[winegoddess]

Mortgage has gone up, electric has gone up, 5 mouths to feed, 3 children to clothe etc etc and month after month is a bloody struggle. Am fed up with straping money together when my husband earns a good wage and we should be able to get by! I now need to search for a way of 'me' bringing in some money but with a young baby at home and 2 others at school i am at a loss as to how! Please give me some job ideas or ways to make money!!

LOL morning paper

And yet I saw a programme recently that housing in somerset is stupidly expensive due to all the Londoners moving down and pricing the locals out of homes. Just out of interest are there many jobs paying £65k down there that her DH could do ?
Perhaps not the best thought out plan of action.

nursery is much more expensive than private school where we are looking forward to normal primary school but will then probably try to have another baby and start whining again

or do I mean wineing?

But just to illustrate:

£65k = take home of 3.6k

Assume mortgage of 3.5 times that salary = £227k (which is a CUPBOARD in London or the SE) and mortgage is £1.3k a month

so once you've paid that, it leaves 2.3k

Assume household bills the same as mine, all direct debits etc, so £1.3k

That leaves £1k

erm, food = £150 a week for 5? so there's £600 gone

leaving £400

so transport, travel, £100?

we're down to £300

for clothes, savings, pensions, holidays, school trips, car costs, petrol etc etc etc.

you couldn't send a child (let alone more than 1) to private school on that (not that I consider this an essential or anything). It doesn't sound loaded to me on the above figures. And oyu've only got to up the mortgage by another £1k and...

I do think childcare should be tax deductable

I live in West Hampstead. Nurseries are few and far between. Mine are at the hospital's nursery.

Money saving tips
Use uswitch for all utilities and confused dot com every year for car insurance etc.
Make a meal plan for the week and only buy what you really need.
Use a butchers/market for meat and veg.
Look in the reduced section to see if you can freeze things going out of date that day i.e. cheese, milk, meat, etc.
Buy one get one free, look for the bargains.
Use any advantage card i.e. clubcard so at xmas you have money vouchers for shopping. Choose the cheapest supermarket and cook simply if you need to.
Use a childminder if possible because it is cheaper.
at the poster who said they paid 2 days nursery for one child costing 480!
get a cheap runaround vehicle that is cheap to run.
Have digital TV box instead of sky and rent films as you need them or buy on ebay.
Buy all childrens clothes from ebay unless for a special occasion.
Buy clothes you can mix and match with universal shoes.
turn all lights/appliances off when not in use.
Take packed lunch for any day out.
Use own brands of anything tinned that taste ok, at least try some.
Cut back on extra cirricular activities.
Cut back on holidays- drive to spain and hire a villa for 800 quid or go camping in the summer.
buy fruit and veg that last well so it gets eaten.
Don't impulse buy anything, think 'do I need it or want it' first. If its a want then don't buy it. If its a need then try a carboot, market, ebay etc first.
HTH

Wickedwaterwitch - no one every agrees with me ever!

I also don't earn £65k

Add another £1k to the mortgage in fact and you're in deficit every month. And that would STILL only get you a TINY house almost anywhere in the UK! On a £327k mortgage the repayments would be around £2k a month.

aledad, I agree with you! I know it's above the average salary, doesn't make it riches beyond compare imo

And yet I saw a programme recently that housing in somerset is stupidly expensive due to all the Londoners moving down and pricing the locals out of homes. Just out of interest are there many jobs paying £65k down there that her DH could do ?

Oh God no, we don't have hospitals

thanks for that mytetherisending

because it was just what I'd been searching for

look! A 2 bed in Poplar for £240k! I know they'll probably only actually get £40k for it in today's market but still, you get my point.

www I agree with you (but no surprise there I guess)
Do you want a top up bluefly/ ronaldinho?

Housing is pretty reasonable here

Chums have just bought a rather nice 4-bed Victorian terrace with garden for 150k

Admittedly there is no actual culture unless you are into barn dances but it's swings and roundabouts

But do they pay £65k it's a genuine question or is that salary London weighted ?
When we moved up north the houses didn't get any cheaper but the salary dropped because we weren't in London.

God you lot are nasty !
right - I am a namechanger ( as those who saw my thead yterday may have realused) and in die course I will go back to being me, but I will first say this...
I live in the SE. I am a professional who studied until I was 26 (at uni) paid for myself and graduated with £30K debt. I have worked my arse off since then and now I earn about 4x what the OP's dh does.
I have a HUGE mortgage although I live in a 4 bed house in a nice part of town its not a mansion; yes I pay for my 2 kids ( and will also pay for the third) to go to private school) because Its MY money and If I want to spend it giving what I consider to be the best possible start for MY kids than I have every right to do so.
I would find it impossible to survive on £65K right now because my committments are set so that I can meet them on my current salary. If I had to i could sell my house and send the kids to state school.... But i don't WANT to. and I don't see why the OP should be slated for stating that shes finding the credit crunch and increasingly expensive food/utilities hard to cope with.

so slate me because Iam quite big enough to take it !

winegoddess...dont go, !

If you work for the NHS there is london weighting but it's not massive like it is in other industries

yes, look what you get in Somerset for £220k!

add another zero if you want that in a nice area of London mp

MOVE TO SOMERSET

It's THE ANSWER

come and live like KINGS

p.s. bring nice food

I've found this site useful for money tips

HTH!

£65,000 is country wide. You get about £2000 London weighting on top.

love one suey

cheese anyone?

But we'd ALL love to live in a nice area of London

Living in a nice area of London is not enshrined in any human rights treaties you know