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what lengths would you go to to give your child a SAHM/D?
Comments
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Downshifting groceriesbarnaby-bear wrote: »A one bedder where I live is around £200k; to be into 2/3-bed ex-council buying territory you need to be in the £80k+ salary bracket and have a £40k+deposit; a 2-bed rental will come in at about £1000 pcm - there aren't many SAHM round here or many people having kids..... Mortgage lenders now limiting people to 3xsalary and 15% deposits.... and whilst you can suggest people move somewhere cheap they have no connections with and give up their jobs..... a lot of the comments are on cutting out luxuries like holidays - for some people in some areas I genuinely believe they can't meet basic housing costs and bills on one salary.....
I live 25 miles from central London. I know how much houses cost."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
I got into debt to stay at home with my children. I had my first child 11 years ago when I was just 22. I had a good job and at that time earned quite a bit more than my OH. After leaving my job and being a SAHM for a while we didnt have enough money coming in to cover what we had going out and we didnt make enough adjustments to our lifestyle. Because I was young and not very savvy about money we kept putting things on the credit cards thinking it would be OK.
As the kids got older I started working more hours and things got better. When they started at school I arranged to work around school hours. Its hard work sometimes and I dont get much time for myself but I can live with that.
It was only in the last year or so we realised that our debts had mounted to the point where we had to do something about them so now we are making cutbacks and working hard to pay them off.
If I had my time over again I would have done things differently and dont recommend that anyone gets into debt. Having said that I am glad that I was lucky enough to have a few years at home with the kids when they were little.
Even now, and especially with the school hols coming up, I sometimes wish I could be at home all the time. I think that anyone who finds a perfect solution to this is very very lucky.0 -
I live 25 miles from central London. I know how much houses cost.
In which case - how do you expect a lot of people to retrain to a level of income or what second job do you suggest for those unfortunate enough not to be on the property ladder or have a tenured affordable social housing rental.... I don't see how a second job/retraining to bring in 80k a year is feasible for a lot of people.....0 -
Downshifting groceries
I based it on what I have done, and what I would consider.ella_ella_ella wrote: »I would imagine most people who voted in the poll were saying what they WOULD do, afterall, that was the question
Oh, and I know what its like to live hand to mouth which is why I wont make the cut backs unless I absolutley have to, but again, the question was about the here and now and I replied given my current circumstances.
When I became a SAHM we lost a lot of money (and got a few tax credits and Child Ben added on!), but the sacrifice is worth it.
I don't like the way some of these posts seem to be very argumentative (not yours ella though, I quote you in relation to my first point
), we are all different and noone is right or wrong overall, just right or wrong for your family circumstance! Ermutigung wirkt immer besser als Verurteilung.
Encouragement always works better than judgement.0 -
Downshifting groceriesbarnaby-bear wrote: »In which case - how do you expect a lot of people to retrain to a level of income or what second job do you suggest for those unfortunate enough not to be on the property ladder or have a tenured affordable social housing rental.... I don't see how a second job/retraining to bring in 80k a year is feasible for a lot of people.....
Where are you getting a figure of £80k per year for? Your figures don't make any sense.
Why don't you get yourselves both sorted out financially with a secure roof over your heads and then look to start having a family? What is your current housing situation?"One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
barnaby-bear wrote: »A one bedder where I live is around £200k; to be into 2/3-bed ex-council buying territory you need to be in the £80k+ salary bracket and have a £40k+deposit; a 2-bed rental will come in at about £1000 pcm - there aren't many SAHM round here or many people having kids..... Mortgage lenders now limiting people to 3xsalary and 15% deposits.... and whilst you can suggest people move somewhere cheap they have no connections with and give up their jobs..... a lot of the comments are on cutting out luxuries like holidays - for some people in some areas I genuinely believe they can't meet basic housing costs and bills on one salary.....
I "hope" things change sooner rather than later with the housing market.
I live in Surrey, the average Surrey home cost 10 x the average Surrey wage, something wrong there.
I wonder how my DD will ever be able to get married & buy a house & raise a family with the way things are.
She earns 20K, her BF less, they are a long way off being able to buy a home & raise a family.0 -
Where are you getting a figure of £80k per year for? Your figures don't make any sense.
Why don't you get yourselves both sorted out financially with a secure roof over your heads and then look to start having a family? What is your current housing situation?
Look a the young couple I've quoted above, what sort of a mortgage could they get?
Not enough
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Where are you getting a figure of £80k per year for? Your figures don't make any sense.
I thought you knew the price of houses - do you know what mortgage multipliers are?
This isn't my situation we a) have some family back up b) comparatively high incomes c) are a slightly older demographic than many young couples who have only had access to student debt and high accommodation costs.... BUT I genuinely believe getting a stable roof in some areas is not possible with a SAHM for many couples....0 -
Downshifting groceriesLook a the young couple I've quoted above, what sort of a mortgage could they get?
Not enough
They are going to have to start saving and planning for the future.
According to Lloyds, they can borrow £153k and they'll need a 10% deposit for any property.
Which means they'll be looking in the £170k ish bracket.
£180k will get you a 2 bed semi in Reigate.
£160k will get you a two bed terrace in the same area.
Although in the current climate, you can haggle."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
Downshifting groceriesbarnaby-bear wrote: »I thought you knew the price of houses - do you know what mortgage multipliers are?
This isn't my situation we a) have some family back up b) comparatively high incomes c) are a slightly older demographic than many young couples who have only had access to student debt and high accommodation costs.... BUT I genuinely believe getting a stable roof in some areas is not possible with a SAHM for many couples....
I think your figures are way off. I know lots of SAHP (being one myself) and none of them have partners earning £80k."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0
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