Even the middle classes are beginning to feel the pinch
Discussion
http://www.telegraph.co.uk/finance/personalfinance...
I'm off to start up a Justgiving page for the poor souls
I'm off to start up a Justgiving page for the poor souls
I read that yesterday it put a smile on my face to know even with £190k a year income they have less disposable income than me.
And no there is no need in private schooling I had 2 mates go to Cambridge both came from council estates and through the same school as everyone else. If your clever enough you will make it without anything extra.
And no there is no need in private schooling I had 2 mates go to Cambridge both came from council estates and through the same school as everyone else. If your clever enough you will make it without anything extra.
In the comments...
alastairsnare said:
I feel for this couple. My partner and I earn similar between us, and we live in London. Some non-London residents might think that's a lot of money to be earning, but when you consider the huge amount of tax that gets taken off us it really isn't enough if you want to bring up a family in the capital, especially if you don't want to leave your kids in the hands of the failed state school system or the NHS.
Our solution: don't have kids!! It's great. We holiday when we want, dine out pretty often, have trips to the theatre, etc without having to worry about babysitters... Money we've saved over the years has allowed us to buy a weekend home in the countryside as well. Kids are overrated and the taxes we pay seem to be mainly used to pay for other people to have kids on our behalf... It's win/win!!
Also, there's a huge amount of immigration into the UK, so it's not as if we've got a shortage of people in the UK.
Our solution: don't have kids!! It's great. We holiday when we want, dine out pretty often, have trips to the theatre, etc without having to worry about babysitters... Money we've saved over the years has allowed us to buy a weekend home in the countryside as well. Kids are overrated and the taxes we pay seem to be mainly used to pay for other people to have kids on our behalf... It's win/win!!
Also, there's a huge amount of immigration into the UK, so it's not as if we've got a shortage of people in the UK.
190k sounds a lot and it is if you live in Market Drayton (Small market Town in Shropshire where my mother lives). But if you live in London then maybe not so much. I pay around 30k post tax a year for my two children to go to nursery. So would have to earn what 50K just to do that a nothing else like eat, pay a mortgage etc.
however the issue they have seems to be lifestyle choices 2 expensive homes, one rented of course. An then large monthly spending hence 8k credit card bill.
If they want private school I suggest they give up something else...smaller house / car, less meals out etc. If you want something badly you will find away. They want there Cake (school fees) and eat (out often) it.
No sympathy at all.
however the issue they have seems to be lifestyle choices 2 expensive homes, one rented of course. An then large monthly spending hence 8k credit card bill.
If they want private school I suggest they give up something else...smaller house / car, less meals out etc. If you want something badly you will find away. They want there Cake (school fees) and eat (out often) it.
No sympathy at all.
Gecko1978 said:
If they want private school I suggest they give up something else...smaller house / car, less meals out etc. If you want something badly you will find away. They want there Cake (school fees) and eat (out often) it.
No sympathy at all.
Yup, thats the the rub, "Their dilemma is how to fund the cost of the girls’ education without sacrificing their lifestyle."No sympathy at all.
I have a certain sympathy. It is very hard to drop your standard of living. There seems to me to be little point in earning you money not to enjoy it.
If, as seems likely, they've had no need to micro-managed their spending, the realisation they might need to comes as a bit of a shock.
I have no sympathy with them parading their inefficiencies in the tabloid press, but then we all do things differently.
They have assumed that they are above the financial crisis because they are in important jobs: management consultant and personal injury lawyer, although she does some telephone sanitising on the side.
The situation they are in is common in parts of the USA. Out there, people feel forced to live up to their joint income and the chances of a financial crisis is doubled because both work. There, though, there choice is tougher as to what they give up.
The income isn't all that much though, but the solution is quite simple: they need to prioritise. If they are unable to keep us with the Joneses then I will feel for them, obviously, but it is a sacrifice they might be forced to make.
If, as seems likely, they've had no need to micro-managed their spending, the realisation they might need to comes as a bit of a shock.
I have no sympathy with them parading their inefficiencies in the tabloid press, but then we all do things differently.
They have assumed that they are above the financial crisis because they are in important jobs: management consultant and personal injury lawyer, although she does some telephone sanitising on the side.
The situation they are in is common in parts of the USA. Out there, people feel forced to live up to their joint income and the chances of a financial crisis is doubled because both work. There, though, there choice is tougher as to what they give up.
The income isn't all that much though, but the solution is quite simple: they need to prioritise. If they are unable to keep us with the Joneses then I will feel for them, obviously, but it is a sacrifice they might be forced to make.
They seem to already spend all they have, much of it on stuff they don't actually need. They want to incur a major new set of entirely voluntary costs without cutting anything else or earning more.
Tough titty.
They want all the benefits of the rental house without any of the downsides.
Tough titty.
She wants a full-time income for less than full-time hours.
Tough titty.
Conclusion:
Tough titty.
Tough titty.
They want all the benefits of the rental house without any of the downsides.
Tough titty.
She wants a full-time income for less than full-time hours.
Tough titty.
Conclusion:
Tough titty.
The comments on here are priceless
The article is in the financial planning section of a paper and does not in any way appear to be a sob story, a moan or a family looking for sympathy. They are looking at different potential changes to their lifestyle/spending and discussing their options. Like most people, their outgoings have gone up by more than their income and they are maturely looking at the best way to deal with that.
Having taken the decision to send their kids to private school, it obviously is difficult for all kinds of reasons to consider pulling them out - that doesn't mean you 'need' private education to do well which is actually a different issue
They presumably pay very approximately somewhere between £60,000 and £85,000 per year in tax and presumably take no benefits of any description
They are about as far away from the types of people that get on my nerves as I can possibly imagine
The article is in the financial planning section of a paper and does not in any way appear to be a sob story, a moan or a family looking for sympathy. They are looking at different potential changes to their lifestyle/spending and discussing their options. Like most people, their outgoings have gone up by more than their income and they are maturely looking at the best way to deal with that.
Having taken the decision to send their kids to private school, it obviously is difficult for all kinds of reasons to consider pulling them out - that doesn't mean you 'need' private education to do well which is actually a different issue
They presumably pay very approximately somewhere between £60,000 and £85,000 per year in tax and presumably take no benefits of any description
They are about as far away from the types of people that get on my nerves as I can possibly imagine
What gets on peoples nerves is not that they are taking the pee out of the system more that they need to ask how can we afford X when we have Y income, an the implication they were forced to rack up 8k of credit card debt.
As I said nursery fees of 30K a year. I drive a Zafira, a red 1.8 Zafira, I bought it for cash new from vaxhall (11.5K). I hate my Zafira its rubbish as a drivers car. Its quite good at hauling 2 under 4's and there gubbins plus a dog about though... Perhaps I should right to the telegraph an say why can't I have a 911 if it wasn't for the 30K a year nursery fees I could have a new one in red....
The article is pointless, yes they earn alot but they spend it too. If they could not see that then really there is something wrong.
Move to Market Drayton there are private schools near by an houses are cheaper, might be a bit less organic, seasonal fa
fair trade bistros for you to eat out at though
As I said nursery fees of 30K a year. I drive a Zafira, a red 1.8 Zafira, I bought it for cash new from vaxhall (11.5K). I hate my Zafira its rubbish as a drivers car. Its quite good at hauling 2 under 4's and there gubbins plus a dog about though... Perhaps I should right to the telegraph an say why can't I have a 911 if it wasn't for the 30K a year nursery fees I could have a new one in red....
The article is pointless, yes they earn alot but they spend it too. If they could not see that then really there is something wrong.
Move to Market Drayton there are private schools near by an houses are cheaper, might be a bit less organic, seasonal fa
fair trade bistros for you to eat out at though
jonby said:
The comments on here are priceless
The article is in the financial planning section of a paper and does not in any way appear to be a sob story, a moan or a family looking for sympathy. They are looking at different potential changes to their lifestyle/spending and discussing their options. [b] Like most people, their outgoings have gone up by more than their income and they are maturely looking at the best way to deal with that.
Having taken the decision to send their kids to private school, it obviously is difficult for all kinds of reasons to consider pulling them out - that doesn't mean you 'need' private education to do well which is actually a different issue [/b]
They presumably pay very approximately somewhere between £60,000 and £85,000 per year in tax and presumably take no benefits of any description
They are about as far away from the types of people that get on my nerves as I can possibly imagine
The comments section on there, and on here, pretty much contradicts your "like most people" notion. Most people, it seems, don't have an issue with cutting their cloth.The article is in the financial planning section of a paper and does not in any way appear to be a sob story, a moan or a family looking for sympathy. They are looking at different potential changes to their lifestyle/spending and discussing their options. [b] Like most people, their outgoings have gone up by more than their income and they are maturely looking at the best way to deal with that.
Having taken the decision to send their kids to private school, it obviously is difficult for all kinds of reasons to consider pulling them out - that doesn't mean you 'need' private education to do well which is actually a different issue [/b]
They presumably pay very approximately somewhere between £60,000 and £85,000 per year in tax and presumably take no benefits of any description
They are about as far away from the types of people that get on my nerves as I can possibly imagine
From the article itself, "They have two daughters, Emme, who is two and a half, and Belle, who is just nine months old." Decisions which have been made but not put in to action are difficult to reverse?
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