What is your household income/ lifestyle

[Lockdown12]

What is your household income and what lifestyle do you manage to have on it?

Do you have children? Own your own house? Go on holiday? Go out for meals?

I don't have children yet but am interested about how the financial situation might change when we hopefully do!

dh income is £5k net per month. When I work, its another £5k so we have £10k net per month.

Mortgage is £450 a month
Servicing debt is £1k a month
School fees £1.5k a month
Bills are about £2.5k a month includes 1 car, another is paid for
Food about £1k a month
No savings at all

With just dh working we struggle.

Income of 6.5k a month
Both work full time
Own a 3 bed house with mortgage
No other debt
Save at least 2k a month
Have 3/4 holidays a year

£2900 per month. Early retired and married. Two grown up and financially independent daughters.
No mortgage. Two cars and eat out once or twice a week. One or two holidays a year with a couple of other short breaks. We save £1000 per month.

£4.6k net a month (normally but I’m on maternity leave right now so closer to £2.9k net for the next 6 months or so)
Have a mortgage on a smallish house with approx £100k equity (pre COVID valuation so potentially a lot less than that)
2 children under 3.
Own two cars, both second hand. One a lot older than the other.
Approx £12k in savings (because we had planned ahead for maternity leave)
Normally have 2 family holidays a year, one in U.K. in a cottage and one camping in Europe by car plus 1-2 city breaks.

£4600 a month net
£650 mortgage, overpaid to £700.
Save £700 a month for holidays etc but that's ended up going on house etc.
£150 stocks/shares. Bugger all in that now 😆
1 company car, one paid for.

We live sensibly. Lucky to buy in 2001so plenty of equity and have a boring semi in a lovely location and genuinely don't see us moving.

Good shop in Aldi. Clothes are supermarket and Primark.

Tend to have 2-3 hols a year but 1 week summer in Cornwall and 2 Center Parcs long weekends. Certainly can't do Orlando.

These salaries are the top end. I just picked a random number, 60k, and the calculator said that would place the fictitious couple in the top 20% of earners in the UK.

What do you do with the rest @GuyFawkesDay?

I think it’s an interesting thread - people don’t give you these details irl

DH has big commute so pre-virus £400 between us was fuel! Kids do lots of activities, and I paid off student loans early with savings.

Next year it's going to be braces for eldest, dental care for me and trying to save to take kids to Orlando at some point 😭

Max 12k per year wage (casual contract so different every month. Also on emergency tax so I pay tax through the year despite being under threshold and need to wait 6/7 months for rebate)
Topped up by PIP as multiple health conditions that cause significant mobility problems, chronic pain and fatigue etc.
No kids and single
£300 a month on 60k mortage
£90 a month on car finance
Almost 5k savings
Applied to UC but yet to have disability assessment so have £0 work allowance. Haven't had anything from UC in months
My disability means I could wake up tomorrow and be too ill to work. This has happened before so I live extremely frugally to save in case it happens again.

Really in awe of some of these wages. Would love to have that sort of earning potential!

Single parent but ex very wealthy
So work part time for £1.6k a month and receive £2.5k in maintenance. So just over £4K when include Child benefit.

Never ever get take awayas. Eat out maybe 4x a year! But the children and I eat very well ie mainly organic and I spend a small fortune of blueberries!
Holiday - one big one, one weekend with friends and then a uk one with children. About £5k a year on holidays.
Very ordinary second hand Ford Focus
Live in SE very affluent town. It’s lovely.

All in all - happy.

Annual income around 90k.

Mortgage £190 a month.
Adult dc only. One lives at home while going to uni but apart from food doesn’t cost us much.

Lifestyle is comfortable but not extravagant. I’d rather save than spend.
Dh skis once a year. I tend to holiday in the U.K. because of the dog.

We don’t eat out as a family much but I meet friends for lunch every weekend. Biggest extravagance is the £130 gym membership.

This thread is hilarious. Guess the benefit of the Internet is you can be whoever you want to be....

The mortgage/rent costs are really interesting- our rent is £450 a month and there’s plenty of people earning 3x our income but not actually paying that much more on the mortgage, I was expecting that to be a more significant chunk of people’s income. Is it because it’s been paid down a lot already?

We earn a lot but are a lot less comfortable than most of the people on this thread who earn less because we live in London - have a big mortgage and big childcare fees and barely any savings. Makes me question my life choices tbh!

Mortgage is £2500/month for a standard Victorian end of terrace in an “up and coming” (/bit dodgy) area for example.

I am not sure why people are saying others are lying. I am one of the higher earners and most of our peers are similar.

Wow loads of massive incomes 😳

We have approx £2500-£2700 net pcm
2 kids
Rent £900
Car on finance £150
We are fine... save a very small amount but no debts
Random holidays depending on the year we’ve had.

Approx £7000 net.
Bills - including mortgage- approx £3,200
Food including eating out/takeaways - £1600 per month approx

Married (no kids of my own but have DSC)
Income 4K pcm, topped up by annual bonus, ranges from 2k to 20k pa depending on company performance. Can't be relied on due to volatility so it really is a bonus!
Outgoings 2k pcm (luckily company provide fully expensed car which I'm taxed on but still works out at good value for my circumstances).
Holidays, 2 overseas pa, usually cruise and land based long haul plus a few European city breaks. Also travel overseas for work so will add on a couple of days as holiday if I'm going somewhere I like.
Savings vary on a monthly basis, saving more at the moment as I'm fortunate to be able to do so.
Eat out 1-2 times weekly (evening), twice weekly for lunch.
The rest I spend on myself, my niece, my god daughter, DSC and save. Hoping to buy a second property this year/next (small apartment on south coast).

I am not sure why people are saying others are lying. I am one of the higher earners and most of our peers are similar.

It must be nice to be in your own little bubble, unaware of the realities people face. Well done, you 👏🏼👏🏼👏🏼

Approx £5k a month
DH full time, I work 3 days a week
Two children aged 1 and 3, childcare costs us £950 a month (fees are around £1200 but tax free childcare pays for 20%)
Mortgage is £900 a month.....small 3 bed in the South East.
We feel like we have a nice lifestyle, we can eat out and afford holidays although nothing extravagant. Run two cars, don't worry about the bills. We'd like to move somewhere bigger but waiting until children are in school as childcare costs more than our mortgage!

Single parent to twin teens. I have a mortgage on my home, we holiday two maybe three times a year. My car is only a year old. No loans or credit cards and I earn a decent salary as an accountant but not putting the actual amount i take home on here! I have done everything and bought and paid for everything myself over the years so not a case of an ex leaving me in a home and paying maintenance. Everything we have is provided by me.

2 adults late 20's
Income £3.2k a month
Mortgage £400 a month
Maintenance (flat) £60 a month
Roughly go on holiday 5 times a year
10 days long haul in may/june
1 week short haul in September
European city breaks in March and November
3/4 nights camping in july
We have quite a low spend lifestyle (one car, meal plan and shop at lidl, I dont spend on hair cuts - have one a year or beauty treatments - do everything at home myself, clothes come from primark or asos) so spend on holidays

2 adults late 20s
Income approx 4500 after tax, pensions etc
Mortgage 550 a month
No car as live close to city centre
Most money saved or spent on holidays. At least 5 holidays a year