Even the middle classes are beginning to feel the pinch
Discussion
Gecko1978 said:
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.
Reading the article though - they can quite clearly see that.They seem to be discussing ways of either reducing their outgoings - or increasing their income.
Tonker spot on 190k is not a lot if you like lots of stuff, new car, 2 foreign holidays a year, regular meals out, gym membership, Sky, Amazon, 2 lattes a day and a muffin from starf
ks. You just burn through it. I suspect to be trully well off you need to be on 500k a year with little or no mortgage. So that way its all fun spending etc so New RR each year and an Audi TT, 2 holidays and nice watch is all doable then. But reality is to be Rich you have to be in the 1% of the 1% etc not just making 100+ as a family.
ks. You just burn through it. I suspect to be trully well off you need to be on 500k a year with little or no mortgage. So that way its all fun spending etc so New RR each year and an Audi TT, 2 holidays and nice watch is all doable then. But reality is to be Rich you have to be in the 1% of the 1% etc not just making 100+ as a family. Rightly or wrongly, most people tend to live to a lifestyle.
I remember when I was on about 15k I was renting my OWN small bedsit, had a brand new Triumph Street Triple R on finance.
I got by fine and never had any money troubles.
But now I'm on about £35-£40k (varies with OT and what not) but I often struggle with money at the end of the month and still have no savings.
The more you earn, the more you DRIVE UP HERE IN THE HOLLYWOOD HILLS.
I remember when I was on about 15k I was renting my OWN small bedsit, had a brand new Triumph Street Triple R on finance.
I got by fine and never had any money troubles.
But now I'm on about £35-£40k (varies with OT and what not) but I often struggle with money at the end of the month and still have no savings.
The more you earn, the more you DRIVE UP HERE IN THE HOLLYWOOD HILLS.
xjay1337 said:
Rightly or wrongly, most people tend to live to a lifestyle.
I remember when I was on about 15k I was renting my OWN small bedsit, had a brand new Triumph Street Triple R on finance.
I got by fine and never had any money troubles.
But now I'm on about £35-£40k (varies with OT and what not) but I often struggle with money at the end of the month and still have no savings.
The more you earn, the more you DRIVE UP HERE IN THE HOLLYWOOD HILLS.
Funny you say that I have never felt so rich as when I was a student, with a bit of work in summer, cash from mum etc I had about 8k a year (proably less) an I got by fine. Now I make more than that and I feel poor all the time. But you have more outgoings and also tend to save.I remember when I was on about 15k I was renting my OWN small bedsit, had a brand new Triumph Street Triple R on finance.
I got by fine and never had any money troubles.
But now I'm on about £35-£40k (varies with OT and what not) but I often struggle with money at the end of the month and still have no savings.
The more you earn, the more you DRIVE UP HERE IN THE HOLLYWOOD HILLS.
I am similar age to thoes 2 (36) I have two kids and 2 homes (I pay for them both as live in both locations). An I get by fine I just cut back on stuff not important. So can anyone who has a healthy income.
Oh an I am so tempted to get a new bike (I want one more than anything at the moment) but I will nbot get finance so instead of having 2x Chocco Latte Wet Twisty f
kmonkey drinks a day I save that cash in a Tin, eventually I will get a bike, have not extra debt an my kids will still go to nurresery / school etc.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. 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
Woah slow down there speedy, the kids are two and 9 months, they're not even in school yet. 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
Someone's beat you on the fundraising page: https://www.gofundme.com/zxb6kzcs
All this story really demonstrates is that there's no particular correlation between earning lots of money and being any good with it.
All this story really demonstrates is that there's no particular correlation between earning lots of money and being any good with it.
xjay1337 said:
The more you earn, the more you DRIVE UP HERE IN THE HOLLYWOOD HILLS.
You know you do'nt have to do this right?Its been funny to watch all my friends keep up with the Jones, upping their lifestyles more than their salaries. Ironically asking me "Whats the point if you don't spend it?"
Now I just get questions like "Oh your off work again, alright for some", "How do you afford the mortgage?"
There is no point in trying to explain to them.
Oh, another thread from Citizen Strock, ever one to encourage the social race to the bottom (probably because he's closer to the bottom than the top so stands a chance of winning).
Yeah, boo hoo for the people in the article, but total fail for not realising it is not a news story - it's an advertorial for a financial planning company.
Yeah, boo hoo for the people in the article, but total fail for not realising it is not a news story - it's an advertorial for a financial planning company.
Edited by r11co on Friday 20th November 12:33
NerveAgent said:
You know you do'nt have to do this right?
Its been funny to watch all my friends keep up with the Jones, upping their lifestyles more than their salaries. Ironically asking me "Whats the point if you don't spend it?"
Now I just get questions like "Oh your off work again, alright for some", "How do you afford the mortgage?"
There is no point in trying to explain to them.
no, you're right.Its been funny to watch all my friends keep up with the Jones, upping their lifestyles more than their salaries. Ironically asking me "Whats the point if you don't spend it?"
Now I just get questions like "Oh your off work again, alright for some", "How do you afford the mortgage?"
There is no point in trying to explain to them.
I think it depends on your mindset.
Good mate of mine, Paul, I used to work with.
he has been renting houses all.
He is one of the most well off people I know but he has a normal IT job like the rest of us. He can go and buy any reasonable house in a reasonable area that he wants, in cash.
I don't know exactly but he has about £500k in cash saved up dotted across bank accounts.
He always brings in his own home-made lunch. Doesn't really go on fancy holidays, drives a Skoda Fabia 1.2 (also has a Hyundai i20 for his Mrs)
Has a nokia 3310 or something
I respect that, he has obviously sacrificed a lot to be cash rich and be able to buy what he wants house wise, but at the expense of everything else that maybe we take forgranted, a yearly holiday (not that i know what one of those is lol), nice-ish car, etc.
Gecko1978 said:
Funny you say that I have never felt so rich as when I was a student, with a bit of work in summer, cash from mum etc I had about 8k a year (proably less) an I got by fine. Now I make more than that and I feel poor all the time. But you have more outgoings and also tend to save.
I am similar age to thoes 2 (36) I have two kids and 2 homes (I pay for them both as live in both locations). An I get by fine I just cut back on stuff not important. So can anyone who has a healthy income.
Oh an I am so tempted to get a new bike (I want one more than anything at the moment) but I will nbot get finance so instead of having 2x Chocco Latte Wet Twisty fkmonkey drinks a day I save that cash in a Tin, eventually I will get a bike, have not extra debt an my kids will still go to nurresery / school etc.
That's it!I am similar age to thoes 2 (36) I have two kids and 2 homes (I pay for them both as live in both locations). An I get by fine I just cut back on stuff not important. So can anyone who has a healthy income.
Oh an I am so tempted to get a new bike (I want one more than anything at the moment) but I will nbot get finance so instead of having 2x Chocco Latte Wet Twisty f
kmonkey drinks a day I save that cash in a Tin, eventually I will get a bike, have not extra debt an my kids will still go to nurresery / school etc.I think your "wealth" comes from your incoming vs outgoing.
As a student I imagine they are quite low.
My outgoings are about £1350 per month now, I rent a nice room in a nice house of some nice random family, a loan and a credit card. Monthly unlimited cinema subscription, magazine, spotify etc, these have just unfortunately became "Normal" expenditures. But they are also things that we didn't have 5-10 years ago! Or even longer.
Best of luck with saving up for the bike
I had to sell mine unfortunately and my Mrs has said she'd leave me if I get another bike. So meh.
What are you after?
Xjay - I want a sports bike again sold the bonnie when the 1st kid arrived as needed some cash to pay a builder an was not using the bike. Now 2 kids an the wife has said she will never go on bike again so no need to get a comfy 2 up bike so I think a 600 for around 4k. Now I will be honest and say this is going to take maybe 3 years to save (I am 1 year in) but to think I blow 1500 a year on posh coffee in a paper cup that taste like crap and sandwich made by some fair trade eco knob jockey who doesn't even sell ham an cheddar makes me wonder what I have become lol.
Big things I used to spend cash on Magazines. Like say 2 Car mag monthlys to Bike mags, AutoCar, MCN then maybe Whah Hifi and Stuff etc I think I worked out I was spending at one time 40+ a month on magazines. Sounds ok add it all up and its just shy of £500 a year. Now add to that when I was in the shop I would buy a drink or a snack etc then odds are just to read at lunch I was spending £600 a year. Crazy really. So now I get MCN maybe 2x a month is I am in the mood and posibly 1 x bike mag every other month. The rest you can read on line for free. Music I used to buy loads of CD's now non at all, Spotify is your friend and its part of my phone contract. I only buy soft drinks on offer so if its pepsi then thats what I drink if its Fanta then there you go (I rarely drink alcohol now but used to). I gave up smoking for health reasons (before I got sick etc) and I try an cut back on the snacks etc. All of these things you don't miss one bit but the ssavings are huge.
People can still have same life style with a few changes an not notice. Hell its like having a Golf instead of an A3 or going one further an getting a Leon.
Big things I used to spend cash on Magazines. Like say 2 Car mag monthlys to Bike mags, AutoCar, MCN then maybe Whah Hifi and Stuff etc I think I worked out I was spending at one time 40+ a month on magazines. Sounds ok add it all up and its just shy of £500 a year. Now add to that when I was in the shop I would buy a drink or a snack etc then odds are just to read at lunch I was spending £600 a year. Crazy really. So now I get MCN maybe 2x a month is I am in the mood and posibly 1 x bike mag every other month. The rest you can read on line for free. Music I used to buy loads of CD's now non at all, Spotify is your friend and its part of my phone contract. I only buy soft drinks on offer so if its pepsi then thats what I drink if its Fanta then there you go (I rarely drink alcohol now but used to). I gave up smoking for health reasons (before I got sick etc) and I try an cut back on the snacks etc. All of these things you don't miss one bit but the ssavings are huge.
People can still have same life style with a few changes an not notice. Hell its like having a Golf instead of an A3 or going one further an getting a Leon.
Derek Smith said:
I have a certain sympathy. It is very hard to drop your standard of living.
Sorry but no it isn't, at least not in their case it isn't!We are not talking about people who are having to consider missing a meal a day, not have another holiday for 10 years and all that.
These are people who could likely save over £4kpa just by going to 'spoons for an Aberdeen Angus and a free drink instead of 3 courses (one can't quite stretch to the tasting menu) at "Le Stuffed Ratestical" with a bottle of £45 plonk 2 or 3 times a month.
Hard? Nope, not at all. Don't want to 'because I am worth it and so are Jocasta and Antigonie'? Yes.
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