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What is a good income to raise kids on?
Posted on 2/18/14 at 11:15 am
Posted on 2/18/14 at 11:15 am
I know this is another spinoff thread, but what is a good salary to raise 2 kids, have a nice house, and do comfortable things. 50,000? Never understood how some families have 3 kids, send them to private school, and go skiing in the Alps. Also, if your wife doesn't work, that's less income.
Posted on 2/18/14 at 11:16 am to Ironbat31
400k
stop starting threads
stop starting threads
Posted on 2/18/14 at 11:16 am to Ironbat31
quote:waaaaaaayyy more
50,000?
Posted on 2/18/14 at 11:17 am to Ironbat31
I don't know how people do it for 50k.
For 2 children I'd be shooting for 200k, honestly.
For 2 children I'd be shooting for 200k, honestly.
Posted on 2/18/14 at 11:18 am to Ironbat31
My parents had 4 boys. We each wiped our arse with $50,000 a month.
Posted on 2/18/14 at 11:18 am to Ironbat31
depends on several factors:
1. cost of living for where you live
2. public schools or private
3. how many kids
4. are they girls or boys (girls are more expensive on average)
1. cost of living for where you live
2. public schools or private
3. how many kids
4. are they girls or boys (girls are more expensive on average)
Posted on 2/18/14 at 11:19 am to Ironbat31
$150,000 would be ideal for three kids if you want to live the upper middle class, safe neighborhood, college-in-their-future, beach trips, safe and nice cars type of lifestyle.
It's not strange to think that two 40 year old people with career experience and college degrees are making $75k each.
It's not strange to think that two 40 year old people with career experience and college degrees are making $75k each.
Posted on 2/18/14 at 11:21 am to Ironbat31
I work at Wendys and i raise my two kids : /
Posted on 2/18/14 at 11:21 am to Ironbat31
200K with 1 couldn't imagine 3.
Posted on 2/18/14 at 11:22 am to Ironbat31
quote:
depends on several factors:
1. cost of living for where you live
2. public schools or private
3. how many kids
4. are they girls or boys (girls are more expensive on average)
#1 matters the most IMO
Posted on 2/18/14 at 11:23 am to Ironbat31
quote:
I know this is another spinoff thread, but what is a good salary to raise 2 kids, have a nice house, and do comfortable things. 50,000? Never understood how some families have 3 kids, send them to private school, and go skiing in the Alps. Also, if your wife doesn't work, that's less income.
You're doing it backwards.
First you have to do what it takes to actually have the kid. Judging by your posts, I'll say a potential mother pulling $2-300 a night isn't going to cut it.
Posted on 2/18/14 at 11:23 am to Ironbat31
Where do you live? Makes a big difference. Frugality makes a difference too.
Posted on 2/18/14 at 11:24 am to Ironbat31
I would say about 200k is the number where you can do some nice things and also feel like you are still able to put a decent amount away to invest for retirement.
Posted on 2/18/14 at 11:27 am to Ironbat31
So a family of two teachers shouldn't have kids then. Or what if youre a starting engieenr, and your wife wont work That's starting a family on 60,000
Posted on 2/18/14 at 11:29 am to Ironbat31
childcare around here can be around 40-50k a year for 1 child
so i would imagine the income would need to be larger than most areas
so i would imagine the income would need to be larger than most areas
This post was edited on 2/18/14 at 11:32 am
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