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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 Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4254 posts
Posted on 2/18/14 at 11:16 am to
$2 mil per.
Posted by Jones
Member since Oct 2005
90541 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
37715 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
79235 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 northshorebamaman
Cochise County AZ
Member since Jul 2009
35498 posts
Posted on 2/18/14 at 11:17 am to
quote:

50,000?

waaaaaaayyy more

Meh. Tons of military families do it.
Posted by Ironbat31
Member since Jul 2013
805 posts
Posted on 2/18/14 at 11:18 am to
I highly doubt all you guys make 150,000! Are you all doctors?
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
67111 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 I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 2/18/14 at 11:18 am to
quote:

I highly doubt all you guys make 150,000!


I don't
Posted by markasaurus
Baton Rouge
Member since Aug 2011
2996 posts
Posted on 2/18/14 at 11:19 am to
Right but inflation brah
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
18417 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 Kingpenm3
Xanadu
Member since Aug 2011
8967 posts
Posted on 2/18/14 at 11:20 am to
Lots of love.

Posted by td01241
Savannah
Member since Nov 2012
22848 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
24586 posts
Posted on 2/18/14 at 11:21 am to
200K with 1 couldn't imagine 3.
Posted by Ironbat31
Member since Jul 2013
805 posts
Posted on 2/18/14 at 11:21 am to
In my travels, Ive noticed Asian, Black, and Hispanic families are very, very frugal. A lot of white families live large.
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