Even the middle classes are beginning to feel the pinch
Discussion
On the long commute note I live in Herts but work in morgate heart of the city of London an all that. Door to door is like 60 mins. Hardly a huge commute but instead of a flat I get to live in a house. I know people so caught up living in London they live in 1 bed flats they paid 400+ for in a run down area when they cold live in Herts good schools have a garden etc.
People want a lifestyle or others to think of them like that
People want a lifestyle or others to think of them like that
otolith said:
They've got 360k in equity. Enough to have little or no mortgage in a decent house somewhere pleasant that the state schools are not stabby. Accept a long commute or a big pay cut. Or stay on the London treadmill, if those numbers matter so much. Either way, quit whining.
I'm sure a lot of Telegraph readers will think a £725K house must be something amazing but in SW London it could be 3 bed semi. So if they move out they could end up mortgage free in a better property.They've got non-jobs anyway, so it doesn't matter where they're based.
Alex said:
I sympathise with them, seriously. When you earn that sort of money, you expect to have a comfortable life and be able to afford luxuries like private schooling. As this thread shows, everyone else thinks you can. But the truth is, you can't.
It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
Would agree with this. Unless you happen to be mortgage free, there is no way that you can afford to put two children through school on £190k income.It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
Hoofy said:
KingNothing said:
Those poor souls, I don't know how they cope. Get Geldof and Bono on the phone, these are the people who need the real help.
<click> <click> <click>Every time I click my fingers, 1 child is taken out of private school.
ClaphamGT3 said:
Alex said:
I sympathise with them, seriously. When you earn that sort of money, you expect to have a comfortable life and be able to afford luxuries like private schooling. As this thread shows, everyone else thinks you can. But the truth is, you can't.
It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
Would agree with this. Unless you happen to be mortgage free, there is no way that you can afford to put two children through school on £190k income.It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
ClaphamGT3 said:
Alex said:
I sympathise with them, seriously. When you earn that sort of money, you expect to have a comfortable life and be able to afford luxuries like private schooling. As this thread shows, everyone else thinks you can. But the truth is, you can't.
It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
Would agree with this. Unless you happen to be mortgage free, there is no way that you can afford to put two children through school on £190k income.It says their take-home is £10k a month, which means they are paying £70k a year in tax. THAT'S the real disgrace. Be smart, work hard, and we'll confiscate your earnings.
Where they'll have trouble is school fees increasing as the kids go to senior school, plus the additional costs on top of fees are higher then too. They could also have a double whammy of the fee rates themselves increasing faster than their salaries. If school costs are totalling £50K/yr then things get pretty tight.
Sending your children (unnecessarily) to private school is something that you do if you have lots of spare cash -after you have spent enough cash on your expensive lifestyle of choice- or you have a reasonable amount of money and decide to make 'sacrifices' to fund the schooling.
The Telegraph often mentions "school fee angst".
Of course, your children could just go to a local state school....
The Telegraph often mentions "school fee angst".
Of course, your children could just go to a local state school....
MC Bodge said:
Of course, your children could just go to a local state school....
If their house is only worth £725K it must be in a pretty dodgy area so the schools are likely to be carp. Don't know if you're familiar with these matters but most state schools are rammed so you don't exactly get much choice.
Sheepshanks said:
It suggests their net income is £120K/yr. With £30K mortgage and school fees for the first few years of £24K, they've still got £65K/yr to live on - more than £1000 per week. Manageable, surely?
Where they'll have trouble is school fees increasing as the kids go to senior school, plus the additional costs on top of fees are higher then too. They could also have a double whammy of the fee rates themselves increasing faster than their salaries. If school costs are totalling £50K/yr then things get pretty tight.
Is wager (we have 4 overseas holidays a year) that they do a number of overseas holidays every yearWhere they'll have trouble is school fees increasing as the kids go to senior school, plus the additional costs on top of fees are higher then too. They could also have a double whammy of the fee rates themselves increasing faster than their salaries. If school costs are totalling £50K/yr then things get pretty tight.
Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
Welshbeef said:
Is wager (we have 4 overseas holidays a year) that they do a number of overseas holidays every year
Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
You on the red wine again? Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
Welshbeef said:
Is wager (we have 4 overseas holidays a year) that they do a number of overseas holidays every year
Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
You'd be lucky to afford a week in a 2 star in Benidorm, you bullsSkiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
tting knobhead.rouge59 said:
Welshbeef said:
Is wager (we have 4 overseas holidays a year) that they do a number of overseas holidays every year
Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
You'd be lucky to afford a week in a 2 star in Benidorm, you bullsSkiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
tting knobhead.From the language you use it sounds like your either jealous or simply are unarmware of the cost of things if you want to upscale holidays.
Lol 2 star in Benidorm is what £600 ? - this is £200 a month less than we spend on the months food shopping.
rouge59 said:
Welshbeef said:
Is wager (we have 4 overseas holidays a year) that they do a number of overseas holidays every year
Skiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
You'd be lucky to afford a week in a 2 star in Benidorm, you bullsSkiing £5k
May holiday £5k
August big 2 week holiday £12k
Oct Caribbean/canaries/Maldives/Africa £8k+
On top of lots of weekends doing things and doing things not being cheap. Heck a meal out and a rushed one at that will be not far off £120 before you start.
Depends on your lifestyle really - when I had a job as a 16yo I only earned £13k with college and then going to Uni. No way could I live on that now but back then outgoing a were exceptionally low how things change.
tting knobhead.Pretty easy to get to £5k for skiing & this is not really trying hard at all.
Just what do you expect skiing to cost at half term week for a family of 4?
Welshbeef said:
Hold on can you clarify here - are you saying a family of 4 skiing at Feb half term all in costs ski passes lessons food drink etc & given you earn £190k your not going to slum it it's not going to be far off £5k.
From the language you use it sounds like your either jealous or simply are unarmware of the cost of things if you want to upscale holidays.
Lol 2 star in Benidorm is what £600 ? - this is £200 a month less than we spend on the months food shopping.
What a great achievement (£800 on food PCM)From the language you use it sounds like your either jealous or simply are unarmware of the cost of things if you want to upscale holidays.
Lol 2 star in Benidorm is what £600 ? - this is £200 a month less than we spend on the months food shopping.
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