'I make £120,000 but I can’t recall the last time we went out for dinner’

lostinrates

the_flying_pig wrote: »

middle of what, the top 1% [in fact i think it's towards the bottom of that percentile]!?!

imo a single £120k earner is much better for a family than two £60k earners.

the 2*60 family will pay about say £10k p.a. less in tax but the £120k family has an extra full time 'home maker' which means no nursery fees [for preschoolers] , breakfast clubs, childminders, etc, and also [i'm straying into nonfinancial benefits but these are arguably even more important] a homework-checker, meal-cooker, etc.

in farnham [as with this example] a standard class rail season ticket is the thick end of £4k a head regardless of how much you earn or how many other commuters in the family.

The middle of what is unclear as we don't really have a true picture of real incomes. Self employment, business ownership and a black market economy distort it. 120k is not the top of a tree by a long chalk though its not a bad position to be in.


Who says all non workers are parents? I'm not. We don't save anything by my not working,( apart from costs of a working wardrobe and commuting etc) we just incur costs of my ill health.

Eating two lots of 60 k is not the same as a single 120. For a start the 60k earners will both have full personal allowances, and might have access to childcare schemes through work ( a single high earner with access to the same scheme gets 2.5 days often). Many on that income are also not just using standard commuting and have other costs of work. They also might get good reimbursement for this. For example, my husband's employers pay for a cab for him after 9 or tem pm at night, so that's a 'saving' unless you have a season ticket, where its a loss against use, and can create a pressure cooker of a home environment if a regular occurrence, and divorce is really expensive!

am not arguing one is a better way to raise a family, I think that is different family to family.

If for example, we had a child, we would incur childcare costs when I am at hospital or medical appointments, and probably for health maintaining purposes a period of time daily.

chucky

GeneHunt wrote: »

'I make £120,000 but I can’t recall the last time we went out for dinner’

These stories are brilliant, they're like the families with 6 children that live in a 8 bedroom house that the Daily Express and the Daily Mail feed the sheeple. Fortunately there are about 150 cases of this in the whole of the UK, forum sheeple think it's a bit more common.

This is exactly the same but the other extreme.

vivatifosi

the_flying_pig wrote: »

middle of what, the top 1% [in fact i think it's towards the bottom of that percentile]!?!

imo a single £120k earner is much better for a family than two £60k earners.

the 2*60 family will pay about say £10k p.a. less in tax but the £120k family has an extra full time 'home maker' which means no nursery fees [for preschoolers] , breakfast clubs, childminders, etc, and also [i'm straying into nonfinancial benefits but these are arguably even more important] a homework-checker, meal-cooker, etc.

in farnham [as with this example] a standard class rail season ticket is the thick end of £4k a head regardless of how much you earn or how many other commuters in the family.

Interesting. When I first read the thread I thought that as the wife is probably a SAHM, then it would be cheaper not to flexi board as that would save money each term. However now you've highlighted the cost of getting to school, it may be cheaper to go full boarding and for mum to get a career of some description.

Not an easy choice I guess. Plus of course they could downsize, or mum could work pt. It's not as if there are no options.

lostinrates

chucky wrote: »

These stories are brilliant, they're like the families with 6 children that live in a 8 bedroom house that the Daily Express and the Daily Mail feed the sheeple. Fortunately there are about 150 cases of this in the whole of the UK, forum sheeple think it's a bit more common.

This is exactly the same but the other extreme.

Have to admit , when I clicked the link I presumed it would be about pressure of work on some of those salaries.

movilogo

How can one earn £120k yet so poor in arithmatic??

lostinrates

movilogo wrote: »

How can one earn £120k yet so poor in arithmatic??

Hmm, some of the tales DH tells about figures when he used to do a lot of due diligence would astound.

antrobus

.... But the trickle-down economics central to wealth creation is only effective if benefits accrue to every stratum of society. And the more the finances of people like Jackson are constricted, the less they spend on goods and services. The less they spend, the more providers of goods and services will suffer.. .

But he's spending £45,000 a year on services. The providers of those services aren't 'suffering', and isn't that £45,000 going to 'trickle-down'?

Generali

antrobus wrote: »

But he's spending £45,000 a year on services. The providers of those services aren't 'suffering', and isn't that £45,000 going to 'trickle-down'?

Presumably quite a large proportion of that goes on teachers' salaries.

mystic_trev

The benefit of earning £120k means he can afford to send his kids to a Private school, something an average earner could never imagine, so it's a lifestyle choice. Advertising the fact he's a complete plonker, show's just how far from reality this bloke thinking is.

lostinrates

mystic_trev wrote: »

The benefit of earning £120k means he can afford to send his kids to a Private school, something an average earner could never imagine, so it's a lifestyle choice. Advertising the fact he's a complete plonker, show's just how far from reality this bloke thinking is.

The 'never' is clearly not so. Bugslet explained her father's sacrifices. There were children at my school whose parents were teachers, not city workers. I cannot remember everyone's parents jobs, but there were very middle ones. At the time my parents income was very middling, though that's not a fair comparison . In other families I know relatives ( aunts, grandparents or whatever) contribute a sum or total of fees.

Some parents make incredible sacrifices for their children's education to be private.