We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is £40,000 really a liveable income for families in the UK?
Comments
-
By Michaels own admission he has half a million in equity in his house and yet he gets given benefits. !!!!!!?!?!
Just like the couple in the bbc video. They have an income of £40k after tax credits. They chose to stay in a house which has £50k negative equity when they were made bankrupt.
Without tax credits I have no idea what their income is, but they have a £360k mortgage and survive due to low interest rates and tax credits.
I would like Michael to have to fund his own existence - he is obviously a smart person and capable of doing so.
I would like the couple in the video to pay their own way. Alas it will only happen when their benefits are withdrawn and interest rates rise. They will lose their house and start again... yet again!
The welfare state has been !!!!!!!ised. Gordon tried to make everyone earning up to £60kpa benefit dependent. The results of his efforts are laid bare for all to see in this thread.
No wonder the country is financially fvcked!0 -
I guess what this thread has shown is that, yes, most are above the £40k breadline figure - but, that's due to benefits and allowances!Bringing Happiness where there is Gloom!0
-
Or how wreckless your wife is at managing money.RenovationMan wrote: »That's £200 less than my wife uses just for houskeeping money. Just goes to show how expensive kids are!0 -
As the old joke mentions .... it's not the lobster thermadore he's trying to buy.chewmylegoff wrote: ȣ1,400 a month? christ! i hope you get your dinner on the table when you get home from work.0 -
PasturesNew wrote: »Or how wreckless your wife is at managing money.
Are you saying that my wife is steering our 'ship of finances' correctly around the reefs of financial disaster?0 -
PasturesNew wrote: »I'd be deliriously happy to get £1200/month even if I had to pay out mortgage/rent from that of £600-700 or so.
Yes I now I'm lucky.0 -
RenovationMan wrote: »I guess so, but who wants to spend 25 years eating beans on toast, having no holidays and not letting the kids do any activities?
I'm all for cost cutting in order to buy a dream home, especially when the costs are cut but the quality of the product remains the same (i.e. we have made savings on insurances but retained the same cover, utilities but retained the same service, etc).
What I don't want to do is start scrimping on all aspects of our life, from the quality of our food to the quality of our family time, the kids activities, clothing etc. No dream house is worth that sort of deliberate sacrifice, I'd just rather buy a lesser home and enjoy my life more.
Although I’m happy with fairly basic food I eat more than beans on toast. I normally have a couple of holidays in fact I have quite a nice life and could cut back if I had to. I suppose it’s all down to what you are use to. I managed to bring up a couple of kids buy a house have a few holidays and run a modest car on what would be the equivalent of about £30k a year now and that’s in the Southeast.0 -
PasturesNew wrote: »I'm on about £8k at the moment, but couldn't get WTC because I am self employed and haven't done last year's tax return yet (I'll do it early January) ... and no idea what I've earnt this year until I do the following one.... and I always believe that "tomorrow things will be better" - and they were until my income crashed and I still believe "tomorrow things will be better". Earnings today ... about £10. Maybe it'll be better next week.
And even if I knew how much I was earning exactly, enough for what are probably huuuuuuuge forms and endless leaflets..... it's still a bl00dy awful system isn't it, with troubles/inconsistencies.
They should bin the lot of WTC etc. They never used to exist, the reasoning was flawed from the start.
OOI IYDMMA is that turnover or taxable profit?
Sole or joint?
Agree on your sentiments re the system."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
RenovationMan wrote: »I'm sure we'll somehow struggle by. How's the £800k house purchase coming along?
Dunno - perhaps ask someone who is buying an £800k house?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Dunno - perhaps ask someone who is buying an £800k house?
Sorry, you reduced it to something like £640K or something? As I've said before, it's hard to keep up with people's back stories on here.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards