How much money do you need?

[Fox111]

Cost of living crisis makes everyone poor even those with a six figure salary.

So my question is what is your comfortable disposable income?
Take away mortgage/rent, transportation and childcare what figure would you be comfortable with after these deductions?

People on a 6 figure salary are not poor . They may have a cash flow problem at the moment but they have choices that genuinely poor people don't have .

£200 per person a month on food? Are the children 15 and 17 year old boys? Still, I wouldn't come close to £400 for myself and another almost adult.

@Kalevala you scoff but yet this week we managed to spend £220 on food (4 adults) and all meals are at home. No takeaways or meals out. One was an online Tesco shop which I had to schedule 2 days early (£169) and the other (£50) was a top up shop that got out of hand (glares at DH).
I found that by trying to reduce my monthly shop, I was starting to run out of things like tinned tomatoes etc which are 50% more expensive in local shops (as an example). I buy large bags of rice/pasta and also cooking oil and decant.
BTW no alcohol in this shop. Only toilet paper no other household products.
Also, few months are exactly 4 weeks.

@SmithfamilyRobinson No, I don't 'scoff'.

One adult and two kids in our house. After bills and childcare I’d need 24k per year to be comfortable including buying food.

If we're talking just disposable income then I'd say about £250 per adult and £150 child.

loadsa

Sorry, not answering the question, but replying to answers at the start of the thread. As the tax rate at £100,000 is 60% if you have children, the take home pay of someone on this salary is likely not to be far above the average salary in the UK.

If you live in London where rents are extremely high (I would imagine minimum of £2000 per month for a family?) it is easy to see that a 6 figure salary may not make you any wealthier than a nurse/teacher etc when tax is taken into account.

It's not 60% on the full 100k. With the average salary at about 28k, take home will be wildly different.

I have only read about this, unfortunately it doesn’t apply to me! So I thought that might explain why people complain they still don’t have enough. So the 60% is just on part of the income? It’s very confusing!

Our household income after tax is around 8k. We have no other debt besides the mortgage.
Childcare, mortgage alone takes up 6k of that. Before we have to buy food, gas, electric, kids clothes etc. so while we aren't poor, there isn't loads spare. We don't go on holidays, don't do restaurants. No fun stuff basically. For me 10k per month would be comfortable

When I read about it it sounded like the tapering personal allowance/no help with childcare etc meant that in reality you do in practice pay 60p in tax for every £1 you earn. I don’t really know why I’m worried about it, I just thought it was v interesting and not something anyone brought up much in these discussions.

Maybe because it’s not correct though.

On £100K you’d take home just shy of £68K. The average median wage is £37,000, on which the take home would be £29,600 which is less than half of someone on £100K.

Cost of living crisis makes everyone poor even those with a six figure salary

No, it doesn't. Anyone who considers themselves 'poor' on £100k plus needs a hard slap upside the head.

Choosing to spend a large salary on expensive things until it's all gone is nothing like being poor.