2.5 Million Families on £100k/year Don't Feel Rich

Graham_Devon

Joeskeppi wrote: »

Wow I agree with Graham!

Wise man Joe, wise man

lostinrates

You feel rich when you get the job, knowing what it pays, you don't feel rich when the pay slip shows how much you paid into the system.

PN, really, it is very possible to mix outside income bracket....I'm sorry for anyone who doesn't really: either because they don't realise and are dull of wit, or because they do realise and are narrow of mind.

ukcarper

The_White_Horse wrote: »

anyone who bought property post 2003 will not feel rich. I would feel rich on what I earn if I had no mortgage to pay.

people who bought 2003 onwards have been shafted for their entire lives. the leftys should have raised IR's in 2004 by 2%. We would all be better off now.

I know a few people who bought after 2003 and they don't looked shafted to me.

mitchaa

We earn similar amounts to the figures quoted and dont see ourselves as rich in the slightest so i would agree with this.

Mortgage £1200/£1500 (+£300 overpaymet)
Childcare £800
Household bills £500 (Council Tax/Gas/Electric/Phones/Insurance/Internet/Sky)
Groceries £500
Car running costs £650 (Fuel/Tax/Insurance/Servicing x2)
Car finance £550
Leisure £500 (Nights out, chinese, day trips, cinema, birthdays, gadgets, make up etc)
Savings £500
£80 Child benefit goes into little lads trust fund

Not a penny leftover, we dont live in a mansion or drive supercars, just live to a fairly reasonable standard.

When the little lad is grown up and we no longer have a mortgage to fork out for, then perhaps we would be able to do a hell of a lot more.

abaxas

mitchaa wrote: »

We earn similar amounts to the figures quoted and dont see ourselves as rich in the slightest so i would agree with this.

Mortgage £1200 (+£300 overpaymet)
Childcare £800
Household bills £500 (Council Tax/Gas/Electric/Phones/Insurance/Internet/Sky)
Groceries £500
Car running costs £650 (Fuel/Tax/Insurance/Servicing x2)
Car finance £550
Leisure £500 (Nights out, chinese, day trips, cinema, birthdays, gadgets, make up etc)
Savings £500
£80 Child benefit goes into little lads trust fund

Not a penny leftover, we dont live in a mansion or drive supercars, just live to a fairly reasonable standard.

When the little lad is grown up and we no longer have a mortgage to fork out for, then perhaps we would be able to do a hell of a lot more.

£500 a month of groceries! £1300 a month on cars! £500 pm on crap

What planet are you living on, planet 'I like my bottom reamed' ?

You can be rich if you want to, just you choose not to be rich.

mitchaa

£500 is fairly easy to do to be fair. 2 big shops fortnightly costs us around £250 (Child costs in there aswell, i.e nappies, wipes, yoghurts, smoothies etc), then lunches for work, (Easily £10pd between the 2 of us) £1-2 a day on newspapers etc, soon adds up to around £500 or so.

Car costs (x2) are around £1200pm all in. My car costs around £450pm in finance, insurance/tax/servicing £100pm or so, Fuel around £250. The wifes car makes up the remainder, £400 or so. Perhaps a little expensive to some but its what I get my pleasure from, flicks my switch so to speak.

The £500pm on crap includes £80 gym fees for the pair of us, her hair and makeup around £70pm or so on a good month, a good meal between the 2 of us a couple of times a month is another £100. I go out a couple of times a month with my pals, £150 or so. Then include cinemas/birthdays/swimming etc and £500 is there before you know it.

Im not whinging about it, it's just what I/we spend our money on. I suppose if we went down to basics, we would be able to cut costs by half and save a hell of a lot more, but for what? I'm here to enjoy myself, not be miserable.

abaxas

mitchaa wrote: »

£500 is fairly easy to do to be fair. 2 big shops fortnightly costs us around £250 (Child costs in there too nappies, wipes, yoghurts, smoothies etc), then lunches for work, (Easily £10pd between the 2 of us) £1-2 a day on newspapers etc, soon adds up to around £500 or so.

Car costs (x2) are around £1200pm all in. My car costs around £450pm in finance, insurance/tax/servicing £100pm or so, Fuel around £250. The wifes car costs make up the remainder. Perhaps a little expensive to some but its what I get my pleasure from, flicks my switch so to speak.

Im not whinging about it, it's just what I/we spend our money on. I suppose if we went down to basics, we would be able to cut costs by half and save a hell of a lot more, but for what? I'm here to enjoy myself, not be miserable.

What we did was convert from buying prepaired food to fresh. Also not buying supermarket fruit and veg makes a huge difference.

For 2 we spend about £150-200 a month on all food apart from meals out. And eat well. Infact better when we ever have :P I beleive it's sweet potato and coconut curry tonight ! And since I work from home, had a lovely fish pie for lunch.

In terms of cars. We run an A3 and a polo, working out at about £700 a month to buy, fuel and run! What are you driving?

kabayiri

abaxas wrote: »

£500 a month of groceries! £1300 a month on cars! £500 pm on crap

What planet are you living on, planet 'I like my bottom reamed' ?

You can be rich if you want to, just you choose not to be rich.

I don't understand these threads.

If you ask for people in a certain position, and they respond honestly, isn't that fair enough?

FWIW, I think I fall into another bracket. As a household we were comfortably in that bracket 2 years ago.

Things change, and with us it's our outlook.

I'm not going to go chase major income by working all over the country. I've done that, it wears you down.

We are fortunate, we can live comfortably off less income. I suspect more of what you earn will disappear in tax in years to come anyway, so I'm not going to chase the money.

I suspect there will be others like myself.

movilogo

£500 a month of groceries! £1300 a month on cars! £500 pm on crap

Ludicrous expenditure! £500/month on crap???

I'd love to have a lifestyle like yours!

God knows how you survive if you lose job! :rotfl:

fabforty

mitchaa wrote: »

We earn similar amounts to the figures quoted and dont see ourselves as rich in the slightest so i would agree with this.

Mortgage £1200/£1500 (+£300 overpaymet)
Childcare £800
Household bills £500 (Council Tax/Gas/Electric/Phones/Insurance/Internet/Sky)
Groceries £500
Car running costs £650 (Fuel/Tax/Insurance/Servicing x2)
Car finance £550
Leisure £500 (Nights out, chinese, day trips, cinema, birthdays, gadgets, make up etc)
Savings £500
£80 Child benefit goes into little lads trust fund

Not a penny leftover, .

QUOTE]

Of course you have money left over - £1000 a month, half of which is spent on leisure activities/treats and the other half goes into your savings account!
Don't get me wrong, it's your money - you work for it, and you should spend it as you wish. But the 'not a penny leftover', line at the end was a bit rich.