how much do you earn in a year?

[rosalieava]

Me and my partner are waiting to TTC. We have agreed that it would be best until we have a bit more money.. we are in no way skint, and could just about afford to have a baby now but we want to earn enough so that we wouldnt have to dip into our savings to much.

So anyway, the pouint in this thread was to ask (obviously if you're comfortable answering...) how much you and your partner want to earn a year before TTC? How much your aiming to have in savings before?

Thanks!

 

[nickibrum]

We have a joint household income of over 50k. That will be going up soon too as my OH just got a pay rise and I will be getting one next month, though i dont know what yet.

We aim to save about 2K before ttc and then 600-800 a month while im pregant as i will be taking an 800-1000 pay cut when i go on maternity. Our outgoings are quite high so we need to make sure were covered. Our rent/mortgage alone is over 800!

 

[Halle71]

When I got pregnant with Matilda I had just been made redundant and I knew I wouldn't get SMP and my OH was only on £28k (and we are central London so pretty high cost of living) so I had to carry on paying half our outgoings despite not earning. I managed to save £12k with a small redundency payout and scrimping which, when added to maternity allowance and selling my car took me to about £19k and lasted me 15 months when I went back to work. After household bills this gave me about £100 a week for food, travel, socialising, clothes etc.

This time will be easier as we have a joint income of around £110k but as I will only get SMP as I am in a new job and not eligible for an enhanced package I still have to save up and I am aiming to have £12k by September next year.

Because I am the one pushing to have another baby (and pushed to have Matilda), despite by OH's salary more than doubling in the last couple of years, I still feel I have to pay half of everything.

 

[sarahj198]

Oh earns just over 24,000 and I earn around 21,000 but I will lose around 300 a month when pregnant as I will not be able to do lone working so no more easy money for sleeping at work! we don't really have any savings but i'm 30 in a few weeks and impatient... were of the view that if you wait til you can afford them you'll never have them lol x we spend quite a lot socialising too which will be reduced when baby arrives so we should be more than ok

 

[gaiagirl]

I think we earn enough to just be able to afford life with a new baby...but obviously I would LOVE to have a bit more of a buffer!

I live in Canada, so I'll post in dollars but I think the conversion is about 1.5...

My DH makes about $45,000 per year.
I make about $30,000 per year.
We have a rental suite in our basement that brings in about $15,000 per year.

BUT we also have a HUUUUGE mortgage and high household costs

We have only about $2000 in savings right now, and my DH is probably going to have a slow winter at work so we might have to use some...

I am a science/biology teacher and have not gotten a lot of full time work yet, but I am hoping in the next year before maternity leave I will get more work and maybe save more!!!!!!!!!!!!

Money is definitely an issue for us, and we want to be financially responsible when we have our first LO, but we also want to start our family SO badly I think we are just going to go for it and hope it all works out

 

[bananaboat]

Our combined income is about $190k (USD). Doesn't bring us very far since we're on the east coast outside of Boston. It was our goal to have a couple years of mortgage payments saved up before we started TTC and we have met that.

Money is always a hot topic in our household. DH has a lot of anxiety usually based on all the 'what ifs'.

 

[mrsswaffer]

Well, after living on an NHS bursary of approx £380/month for three years (plus a loan of about £600 every 3-4 months), I am very happy to be on a salary of just over £21k! Phew! DH's parents currently rent our flat and we give them what we can, when we can, so I'll definitely be able to take the bulk of that monthly outgoing now. In baby terms, at the moment, we have about £2k in savings, and I'll be able to put some away each month this year. Next year, when we'll really be thinking about TTC, DH will hopefully get himself a teaching job and will be on just over £21k too (actually, a couple of hundred more than me). So, we're not going to be doing too badly. We'd ideally want our own place when we're both salaried too, but that might come after TTC, or a LO has arrived. Like sarahj198 said, we'll never been financially ready for a baby in the near future, but at least in a year we'll be better off than we are now.

 

[wwchix]

Wow.. I feel so poor compared to you guys... Well not poor, for a 20 year old I'm not on bad money. Me and OH are both on around £15k each, and will probably just get by on tax credits and OH's wage.

 

[kiki04]

Our combined income is about $190k (USD). Doesn't bring us very far since we're on the east coast outside of Boston. It was our goal to have a couple years of mortgage payments saved up before we started TTC and we have met that.

Money is always a hot topic in our household. DH has a lot of anxiety usually based on all the 'what ifs'.

Holy sh*t how does $190k not get you very far If we had that kind of money USD (we are in Canada) we would feel like freaking millionaires! Right now we are living on about $40,000 per year CND. I own a house, we have 3 vehicles, 2 on payments, and can still afford to go for dinners and such Seriously... what do you guys do for a living! I want your job

 

[Mrs Eleflump]

We currently have a combined income of about £46000, before tax. I'll be getting a small pay rise next month, so that will help a little, but we're about to take on a sizeable mortgage

Once we've got into our new house (hopefully 6-8 weeks' time, or less?), we'll be trying to save the same that we're saving now, so about £800 a month, if we can, to put aside for baby things and as a little financial cushion 'just in case'. I'm planning on going back to work after having our LO, as I'm the main earner by quite a margin, but there's a possibility I could do 4 long days and have one day off so still be full time or near it. Hubby might go down to 3 or 4 days a week, we'll just have to see what our circumstances are at the time.

We don't spend loads on socialising/holidays/etc anyway, so even though we won't be saving that money once we have a baby, we're not going to miss it either. We think we're being really extravagant if we have Domino's once a month as it is

 

[MrsGruffalo]

I earn just under £24K per year, and my DH is earning around £21K per year... We have over £15K in savings. I think we're comfortable enough financially to start TTC, but he's panicing about how we'll manage when I'm on maternity leave.

 

[AngelofTroy]

My OH's salary is close to £25k and mine is just under £16k as a learning support assistant in a special school, however I do extra respite work with a boy with cerebral palsy on a one-to-one basis which brings in anywhere between £300-£700 each month take home. My OH also does some freelance work as a website designer which is sporadic but he can get upwards of £350 a job.

We're saving for a house deposit at the moment but will soon have that and then we'll start putting some away for future LOs. I will hopefully quit my school job when LO is born but keep my respite work going as it pays well and is in the evenings when OH and our parents would be around to help out. Also it'll be good for me to still have something that's mine careerwise.

 

[bananaboat]

Holy sh*t how does $190k not get you very far If we had that kind of money USD (we are in Canada) we would feel like freaking millionaires! Right now we are living on about $40,000 per year CND. I own a house, we have 3 vehicles, 2 on payments, and can still afford to go for dinners and such Seriously... what do you guys do for a living! I want your job

We certainly live comfortably, but definitely not lavishly! Mortgage, cars, student loans, etc. And we do save a lot (again, going back to DHs anxieties about money). It's actually quite a change for me since it's the complete opposite of how I grew up. But it's all relative - the more you have, the more you spend!

We're actually both in the pharma industry. I am a project manager and DH is a director of finance and administration.

 

[frangi33]

We're ok but have just moved house so lots of bills and decorating to do, were on about £45k in total and dont have any savings - just bills!

 

[kiki04]

Holy sh*t how does $190k not get you very far If we had that kind of money USD (we are in Canada) we would feel like freaking millionaires! Right now we are living on about $40,000 per year CND. I own a house, we have 3 vehicles, 2 on payments, and can still afford to go for dinners and such Seriously... what do you guys do for a living! I want your job

We certainly live comfortably, but definitely not lavishly! Mortgage, cars, student loans, etc. And we do save a lot (again, going back to DHs anxieties about money). It's actually quite a change for me since it's the complete opposite of how I grew up. But it's all relative - the more you have, the more you spend!

We're actually both in the pharma industry. I am a project manager and DH is a director of finance and administration.

OK thats it for me... next career.. pharma industry!

 

[Vicki_Cream]

I am almost embarrassed to post what I earn! I have just started a new job, and at the "lowest rung"...so am bringing in just over £13K a year Still, this is just a starting block and there is LOTS of opportunities to progress within the company. So I plan to work my little butt off lol OH currently earns £18K but is going to be changing careers soon so will be bringing in at least £20K (probably a few grand higher). He also wants to get his HGV licence so when he does, he will be earning a mint haha

Our lack of fabulous wages is one of the main reasons we are waiting to TTC (that and the fact we both still live with our parents. Oh the joys!) We are going to wait about 2 years, and if for whatever reason money is still pants, we will have to wait some more.

 

[UKMumToBe]

Combined income with OH is around £65k. He's hoping to get a new job in the next year or so with a £20k increase, and I'm hoping that by the time we get around to TTC, I should be earning closer to £30k, so hopefully between the two of us we should have joint income of around £100k. That would mean monthly income of around £5000 between us. I would hope that we could save around £2k per month while I was pregnant, aiming for around £20k for around the time the baby was born. And then everything I got in maternity pay would also go into savings, and we'd live off his salary (around £3500 a month). I really want to be a SAHM, so it would be good 'practise' that way! I'd feel happy going into it with £10k in savings, but obviously I'd rather have more if possible

 

[wwchix]

I wish I could get into a good job like you gals!

 

[LaurenDC]

By March at the latest, DH will be getting promoted and have a pay raise so we will definitely be earning over $100K when Baby arrives. Right now we rent (quite high bc we live in a lovely area) and we have a large amt of money in savings, though most will be for down Payment on a house. We live across the Potomac from Washington DC so living costs are high, and we will be moving tO New York when Baby arrives, also high living costs.

 

[kiki04]

I wish I could get into a good job like you gals!

Awww you will hun You said you are still pretty young right? No one has a full fledged career just out of high school... I am turning 30 soon and still wouldnt consider my career at its best and I do Business Administration for our provincial government. I also have a second job as a Home Support Worker working with differently abled children with autsim, fetal alcohol syndrome etc etc as well as a client I just let go who was a parapallegic. (sp) What I make is still on the low end here at $30,000 (CND) and my goal is to be somewhere around $55,000-$65,000 myself not including OH, who in his career should be somewhere around the same as my goal.

Give it time hun... we all start off on the bottom