Started By
Message

What is a good income to raise kids on?

Posted on 2/18/14 at 11:15 am
Posted by Ironbat31
Member since Jul 2013
805 posts
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 by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/18/14 at 11:16 am to
150000
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/18/14 at 11:16 am to
400k




stop starting threads
Posted by Buddy Garrity
Member since Mar 2013
4224 posts
Posted on 2/18/14 at 11:16 am to
quote:

50,000?
waaaaaaayyy more
Posted by I Love Bama
Alabama
Member since Nov 2007
37732 posts
Posted on 2/18/14 at 11:17 am to
$150,000 and up
Posted by Pettifogger
Capitol Hill Autonomous Zone
Member since Feb 2012
79322 posts
Posted on 2/18/14 at 11:17 am to
I don't know how people do it for 50k.

For 2 children I'd be shooting for 200k, honestly.
Posted by LloydChristmas
in a van down by the river
Member since Nov 2009
2829 posts
Posted on 2/18/14 at 11:17 am to
seriously
Posted by tigerbaittrick
Member since Jan 2010
7265 posts
Posted on 2/18/14 at 11:18 am to
My parents had 4 boys. We each wiped our arse with $50,000 a month.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67209 posts
Posted on 2/18/14 at 11:18 am to
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)
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 2/18/14 at 11:19 am to
3.50
Posted by StringedInstruments
Member since Oct 2013
18465 posts
Posted on 2/18/14 at 11:19 am to
$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.

Posted by td01241
Savannah
Member since Nov 2012
22856 posts
Posted on 2/18/14 at 11:21 am to
I work at Wendys and i raise my two kids : /
Posted by tigerbutt
Deep South
Member since Jun 2006
24604 posts
Posted on 2/18/14 at 11:21 am to
200K with 1 couldn't imagine 3.
Posted by TigerTerd
Member since Sep 2010
2660 posts
Posted on 2/18/14 at 11:22 am to
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 by Srbtiger06
Member since Apr 2006
28272 posts
Posted on 2/18/14 at 11:23 am to
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 by Motorboat
At the camp
Member since Oct 2007
22706 posts
Posted on 2/18/14 at 11:23 am to
Where do you live? Makes a big difference. Frugality makes a difference too.
Posted by dandan
Member since Nov 2007
4347 posts
Posted on 2/18/14 at 11:24 am to
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 by Ironbat31
Member since Jul 2013
805 posts
Posted on 2/18/14 at 11:27 am to
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 by Pilot Tiger
North Carolina
Member since Nov 2005
73162 posts
Posted on 2/18/14 at 11:29 am to
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
This post was edited on 2/18/14 at 11:32 am
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99127 posts
Posted on 2/18/14 at 11:32 am to
Someone else's
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram