mljay

if you need 2 salaries to maintain home you live in, and then you face childcare bill which is more than one net salary but a bit less than the other.

To supplement your income you start to use your saving (that you had accumulated while living in the same home) and then you remortgage not to buy cars or go on holidays, but to have a buffer for basic expenditure. I call that living in poverty or working for almost nothing.