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On the Breadline on £190k a Year

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  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker

    Just brilliant. I love the comments.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    ...
    Yes, I know, they can sell and get a bit of equity out of the BTL. I'm not saying they are poor at all.
    ...

    The thing is that they have options. Many who are actually on the breadline don't have the luxury of choice.

    Racking up £8K on credit cards suggests to me that they are unwilling to sacrifice anything.

    Perhaps they need a period of cold turkey to realise where their real priorities lie.
  • Theres another comment on the telegraph from someone who earns 180k, who also see's himself as rather hard done by.

    However, listing all their outgoings, they spend £1,500 PER MONTH on family expenses, which they state is "mostly food". How you spend that much on food per month is beyond me.

    He states the last £1,000 per month goes on "activities" and dining out, and he has nothing left from his 180k salary each month.

    It's a different world.

    I was in a rather nice restaurant in Richmond at the weekend, and on the table next to use were a family of 5, 3 girls under 12.

    They had at least 2 courses (we arrived as they were eating mains), and the parents had at least 2 bottles of wine.

    They were not leaving there with a bill of anything less than £300.

    And the amazing thing was, they were acting like it was just another Saturday night, nothing special...

    £1,500 can soon go if you're so inclined...
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    £1,500 can soon go if you're so inclined...

    I would agree it's easy to spend, however surely that's about priorities.
    You shouldn't be spending it on going out and then complaining you don't have enough left unless of course you have a mis-placed sense of entitlement that means you feel entitled to all of this.
    Bottom line is that no-one is entitled to a certain way of living.
    You are entitled to spend what you earn.
  • How can you have "Breadline" and "£190k a Year" in the same sentence without the word NOT involved?
  • michaels
    michaels Posts: 29,122 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lisyloo wrote: »
    I would agree it's easy to spend, however surely that's about priorities.
    You shouldn't be spending it on going out and then complaining you don't have enough left unless of course you have a mis-placed sense of entitlement that means you feel entitled to all of this.
    Bottom line is that no-one is entitled to a certain way of living.
    You are entitled to spend what you earn.


    ...after the Govt has had first dibs with income tax and second dibs with VAT and excise duty and you are left with something not a million mile saway fromo what you would have if you worked 24 hours a week and got topped up by tax credits....
    I think....
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ...after the Govt has had first dibs with income tax and second dibs with VAT and excise duty and you are left with something not a million mile saway fromo what you would have if you worked 24 hours a week and got topped up by tax credits....

    We all have to live within our means.
    For those genuinely on the breadline trying to make ends meet then I sympathise, but if you're spending £1000 on going out, then there's just no excuse at all.
  • It doesn't surprise me much as everyone I know who earns a lot, spends a lot (massive houses, cars, holidays, most expensive Sky package, redecorating all the time etc) and would rather moan about being "skint" than review their expenditure.
    They are an EYESORES!!!!
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    michaels wrote: »
    ...after the Govt has had first dibs with income tax and second dibs with VAT and excise duty and you are left with something not a million mile saway fromo what you would have if you worked 24 hours a week and got topped up by tax credits....

    Are you forgetting the warm glow you get inside from being one of the select few keeping this country afloat?

    That's priceless. ;)
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