interestrateripoff Posted June 19, 2014 Share Posted June 19, 2014 http://www.dailymail.co.uk/femail/article-2661705/Get-hankies-ready-mother-lives-100-000-year-STILL-moans-shes-broke.html Vast expenses, including two sets of school fees and a flat in Kensington, leave Mel Fallowfield with little of her husband's £100,000 salary Family resorts to eating leftovers and food from bins Says she is the victim of economic changes hitting the middle classes Constantly in fear her precarious finances will crumble Admits problems are her own fault for over spending Last week, I stood outside the school gates and had a frantic whispered conversation with my bank manager on my mobile phone. I needed to cancel the £97 due to go out the next day to pay the gas bill or I wouldn’t have enough money to buy food. The reason I was whispering? My seven-year-old son Ed attends an exclusive prep school in Chelsea, West London, and one of the other mums was walking towards me. The "middle class" no better off those on the dole? Perhaps she should have got a wonga loan to buy the food? Although perhaps £100k in London effectively means you are nothing more than traditional working class and you should just accept it and put your kids in school with the rest of the commoners? Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted June 19, 2014 Share Posted June 19, 2014 Hardly Middle class or middle earners. Deserve all they get, I hope then end up on the street and the kids in care. Link to comment Share on other sites More sharing options...
Digsby Posted June 19, 2014 Share Posted June 19, 2014 She whispers over the phone to the gas company outside the school gates, and then announces in a national newspaper that she's flat broke! Maybe she's betting that none of the other mums read the DM. Link to comment Share on other sites More sharing options...
gf3 Posted June 19, 2014 Share Posted June 19, 2014 She whispers over the phone to the gas company outside the school gates, and then announces in a national newspaper that she's flat broke! Maybe she's betting that none of the other mums read the DM. spot on Link to comment Share on other sites More sharing options...
Squeeky Posted June 19, 2014 Share Posted June 19, 2014 Okay, so if you spend everything you earn, then you are going to be broke. But I call BS on this article. If she was so worried about other mums on the school run over hearing that she was having financial issues, why on earth would you have a huge article in a national paper with all the pictures. Some people spend every penny they have and permanently live out of their overdraft, others always have a positive balance. The amount of income you have almost seems irrelevant. On a separate note I find it a little frustrating that 100K is seen as a large household income and 30 - 40k is seen as a good income. We really need to see massive wage inflation in this country as incomes have been declining for decades. Link to comment Share on other sites More sharing options...
Bradbury Robinson Posted June 19, 2014 Share Posted June 19, 2014 "When it comes to our mortgage, were tied into a fixed rate costing well over £1,000. Unlike other more financially savvy people, we didnt get a tracker that would have saved us hundreds because of low interest rates." They must have all foreseen interest rates at a record low 0.5% and opted for those deals! Link to comment Share on other sites More sharing options...
Blod Posted June 19, 2014 Share Posted June 19, 2014 "While in the past those with a household income equivalent to £100,000-plus would expect to own a decent-sized home, enjoy good holidays and be able to put their children through private school, static salaries combined with rising house prices and school fees have made it almost impossible." At least she's highlighting the damage that 20% housing cost inflation will have on the economy of London. London weighting will have to rocket if any firm wishes to stay in London. Bojo will have a real balancing act on his hands if he's to be re-elected, trying to get both those for and against HPI will be neigh on impossible. Link to comment Share on other sites More sharing options...
stuckmojo Posted June 19, 2014 Share Posted June 19, 2014 repeat with me: It's the ******ing Daily Mail, it's ********. Link to comment Share on other sites More sharing options...
fluffy666 Posted June 19, 2014 Share Posted June 19, 2014 "While in the past those with a household income equivalent to £100,000-plus would expect to own a decent-sized home, enjoy good holidays and be able to put their children through private school, static salaries combined with rising house prices and school fees have made it almost impossible." At least she's highlighting the damage that 20% housing cost inflation will have on the economy of London. London weighting will have to rocket if any firm wishes to stay in London. Bojo will have a real balancing act on his hands if he's to be re-elected, trying to get both those for and against HPI will be neigh on impossible. Given that schools are less of an issue outside of London, and housing vastly cheaper.. London weighting would have to be extreme. I think I'd have to multiply my salary by a factor of 3 or 4 to have a similar lifestyle (House, Commute, decent schools) to my current one and live in London. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 19, 2014 Share Posted June 19, 2014 To be far, £60-70K of that £100K goes in tax ( into the pockets of the undeserving public sector ). That only leaves £30-40K for actual spending. Can anyone see what the other problem we face might be ? Link to comment Share on other sites More sharing options...
Caveat Mortgagor Posted June 19, 2014 Share Posted June 19, 2014 Poor fecking husband. Earns a good salary, his wife wastes it. Maybe the vanity is a mental illness. Those pics are far from flattering despite the designer clothes. Without wanting to be cruel, if someone said they were the after photos in a brochure for a gender re-alignment clinic I wouldnt be hugely surprised. Perhaps the sparkly trinkets, kids in posh schools, Audi, Moschino, 'Cartier darling!' skiing, carribean, mulberry and associations with supermodel and world class footballer are a crutch for a self conscious woman with an overwhelming inferiority complex. I think she has psychological issues which need to be addressed. Link to comment Share on other sites More sharing options...
Mrs Bear Posted June 19, 2014 Share Posted June 19, 2014 Typical DM fare - about someone their readers will love to hate, scorn and revile for being such a silly b*tch with all the sense of her kids' hamster. I bet their journalists are constantly on the lookout for any friend or acquaintance who would fit the bill for a fee - and who won't mind a lot of exaggeration, let alone give a toss what DM readers think. Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 19, 2014 Share Posted June 19, 2014 Poor fecking husband. Earns a good salary, his wife wastes it. Maybe the vanity is a mental illness. Those pics are far from flattering despite the designer clothes. Without wanting to be cruel, if someone said they were the after photos in a brochure for a gender re-alignment clinic I wouldnt be hugely surprised. Perhaps the sparkly trinkets, kids in posh schools, Audi, Moschino, 'Cartier darling!' skiing, carribean, mulberry and associations with supermodel and world class footballer are a crutch for a self conscious woman with an overwhelming inferiority complex. I think she has psychological issues which need to be addressed. Someone on this kind of income in 2004 would be living the life of Reilly...they've not worked Reilly's dead. Link to comment Share on other sites More sharing options...
fluffy666 Posted June 19, 2014 Share Posted June 19, 2014 To be far, £60-70K of that £100K goes in tax ( into the pockets of the undeserving public sector ). That only leaves £30-40K for actual spending. Can anyone see what the other problem we face might be ? According to http://www.listentotaxman.com/index.php A salary of £100k would give you a take home of £65k. So that's actually £35k (Note that if employer's NI is included, it's a tax of £47k of 112k. Innumeracy is a bit of a problem, yes.. Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted June 19, 2014 Share Posted June 19, 2014 "economic changes hitting the middle classes" A. K. A. REALITY Link to comment Share on other sites More sharing options...
byron78 Posted June 19, 2014 Share Posted June 19, 2014 To be far, £60-70K of that £100K goes in tax ( into the pockets of the undeserving public sector ). That only leaves £30-40K for actual spending. Can anyone see what the other problem we face might be ? Their main problem appears to be they need a better accountant. 35K for income and NI contributions, so that's 65K left. Even after council tax (2-3K tops) they should still be comfortably better off than most. Indeed they are if they can privately educate their kids. I do well but can't afford that. Link to comment Share on other sites More sharing options...
Errol Posted June 19, 2014 Share Posted June 19, 2014 Private schooling is not affordable on 100K. That's the problem. Link to comment Share on other sites More sharing options...
happy_renting Posted June 19, 2014 Share Posted June 19, 2014 Clickbait. Utter b*ll*cks. Ignore the DM. It's a troll in newspaper form. Link to comment Share on other sites More sharing options...
whitevanman Posted June 19, 2014 Share Posted June 19, 2014 According to http://www.listentotaxman.com/index.php A salary of £100k would give you a take home of £65k. So that's actually £35k (Note that if employer's NI is included, it's a tax of £47k of 112k. Innumeracy is a bit of a problem, yes.. Good job that's the only taxes we pay! As others have said £100k isn't much in london if you want a normal family life and don't want to send your kids to some ghettotastic school where they'll be killed on a daily basis. Link to comment Share on other sites More sharing options...
Sour Mash Posted June 19, 2014 Share Posted June 19, 2014 http://www.dailymail.co.uk/femail/article-2661705/Get-hankies-ready-mother-lives-100-000-year-STILL-moans-shes-broke.html The "middle class" no better off those on the dole? Perhaps she should have got a wonga loan to buy the food? Although perhaps £100k in London effectively means you are nothing more than traditional working class and you should just accept it and put your kids in school with the rest of the commoners? Why did I know that this was going to be a 'Daily Mail' story before I even clicked the thread? Link to comment Share on other sites More sharing options...
juvenal Posted June 19, 2014 Share Posted June 19, 2014 http://www.u.tv/Entertainment/Does-smoking-make-you-a-bad-parent/49047359-b096-4bbe-96af-9fa3d608a0ea This hack journo apparently smokes £60 worth of fags a week. Get on the roll-ups, Mel. Then you can pay your gas bill.... Link to comment Share on other sites More sharing options...
bankstersparadise Posted June 19, 2014 Share Posted June 19, 2014 According to http://www.listentotaxman.com/index.php A salary of £100k would give you a take home of £65k. So that's actually £35k (Note that if employer's NI is included, it's a tax of £47k of 112k. Innumeracy is a bit of a problem, yes.. The tax bill doesn't stop at income tax and NI does it? Or am i missing a way to fiddle VAT, council tax, road tax, various duty, various energy subsidies in my energy bill etc etc. Please share. Link to comment Share on other sites More sharing options...
bambam Posted June 19, 2014 Share Posted June 19, 2014 Private schooling is not affordable on 100K. That's the problem. It is £100k gross is £65k net Private school costs vary by age and location, but typically £16k in London at senior age, perhaps £13k junior. With two kids, that leaves still £33k to spend, which while not a fortune, is enough to get by. Not remotely rich at all, but it's doable. Link to comment Share on other sites More sharing options...
Austin Allegro Posted June 19, 2014 Share Posted June 19, 2014 Someone like this could be on a million a year and she'd still be complaining, because she hasn't grasped the basic idea that you have to cut your coat according to your cloth. She's got it all the wrong way round. She builds up an idea of how she thinks she is entitled to live, and then complains because her income doesn't stretch to it. It's not your income that matters, it's your expenditure. Link to comment Share on other sites More sharing options...
Frank Hovis Posted June 19, 2014 Share Posted June 19, 2014 Someone like this could be on a million a year and she'd still be complaining, because she hasn't grasped the basic idea that you have to cut your coat according to your cloth. She's got it all the wrong way round. She builds up an idea of how she thinks she is entitled to live, and then complains because her income doesn't stretch to it. It's not your income that matters, it's your expenditure. Where's Liz Jones these days? This type of story is usually her forte: "Why when I earn a six figure salary can I not afford to fill up the tank of my top of the range <insert prestige car make here> when stopping off wearing my <insert designer label here> boots and slik <insert designer label here> dress to buy some milk at the local garage staffed by some plain overweight woman wearing no make-up who looked like she got dressed in the dark." Next week: "My local garage has started being rude to me for no reason. It's so unfair, bloody yokels etc." Link to comment Share on other sites More sharing options...
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