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Started By
Message
re: Stay-at-home Parents (Families with one working parent)
Posted on 2/3/23 at 7:32 am to TitleistProV1X
Posted on 2/3/23 at 7:32 am to TitleistProV1X
quote:
I really think you’d need a salary of $250k to be comfortable on a single income
the delusion here is wild. 250k for a dual income house is unattainable for 90% of the population.
2
Posted on 2/3/23 at 7:35 am to thegreatboudini
quote:
250k for a dual income house is unattainable for 90% of the population.
In a world of $1,000 car payments and half million dollar starter homes, $250k doesn’t stretch far.
Posted on 2/3/23 at 7:38 am to Turf Taint
mommas home now....and the kids are grown.. 
Posted on 2/3/23 at 7:38 am to thegreatboudini
quote:the vast majority of the population is far from financially comfortable, so
250k for a dual income house is unattainable for 90% of the population.
Posted on 2/3/23 at 7:51 am to TitleistProV1X
quote:
I really think you’d need a salary of $250k to be comfortable on a single income
Premise, premise, premise
If you fit your kids in where you can around a life vision of country clubs, luxury cars, fancy restaurants, 5-star vacations, then I think you are precisely right. I would worry that $250k is borderline having to eat at Chilis and use 87 octane gas only. Hang in there.
Posted on 2/3/23 at 7:51 am to TitleistProV1X
quote:
Only way that I could see how a family would make it on $100k is if you lived in a relatively small/cheap home, don’t go on more than one vacation per year and rarely go out on dates. Between sitters and dinner I typically spend $200 on a weekend night and that’s not going anywhere fancy. I really think you’d need a salary of $250k to be comfortable on a single income
jesus you people must be terrible with money
Posted on 2/3/23 at 8:13 am to Salmon
sure, 250k is a crazy number, but can't we admit that 100k is not much for a family in 2023?
Posted on 2/3/23 at 8:20 am to GreatLakesTiger24
Sure. You are not ballin at $100k with multiple kids.
But you can certainly be “comfortable” on that. It takes some planning and patience, but it’s certainly doable.
But you can certainly be “comfortable” on that. It takes some planning and patience, but it’s certainly doable.
Posted on 2/3/23 at 8:21 am to Salmon
quote:
Between sitters and dinner I typically spend $200 on a weekend night and that’s not going anywhere fancy.
My wife has 2 sisters, a brother, and her parents within 5 miles of us. We never pay for a sitter for date nights. And we typically spend less than $100 on a date. We go out once every 2-3 weeks.
Problem is so many people decide to leave their hometowns, and live amongst strangers in the big city.
I grew up in a big city with limited family. So glad we decided to move to my wife’s hometown.
Posted on 2/3/23 at 8:25 am to Turf Taint
My wife stays home.
Posted on 2/3/23 at 8:28 am to GreatLakesTiger24
quote:
sure, 250k is a crazy number, but can't we admit that 100k is not much for a family in 2023?
In a major city, you can’t get ahead on $100k for a family of 4.
Posted on 2/3/23 at 8:29 am to The Third Leg
quote:fify
In a major city, you can’t get ahead on $100k by yourself
Posted on 2/3/23 at 8:37 am to GreatLakesTiger24
quote:
fify
Nah, single person making $100k can save a lot in a many cities. Rent isn’t that crazy, neither are 1/2 bedroom condos if you don’t go crazy buying furnishings and know how to cook.
It is the kids that burn through capital and generate opex liabilities. I bet we have spent an average of $30,000 per kid, per year, over the last 7 years.
Posted on 2/3/23 at 9:04 am to TitleistProV1X
quote:
Only way that I could see how a family would make it on $100k is if you lived in a relatively small/cheap home, don’t go on more than one vacation per year and rarely go out on dates. Between sitters and dinner I typically spend $200 on a weekend night and that’s not going anywhere fancy. I really think you’d need a salary of $250k to be comfortable on a single income
What?!? If you don’t spend money on useless crap and eat out every day, 100k is more than enough. Downsize your home, move to a cheaper area. If you wfh move to the country.
Posted on 2/3/23 at 9:14 am to The Third Leg
quote:
Well, since it happened in my house and I have worked from it since 2008, I’ve known exactly what is going on.
Fair point. Still can’t understand why if you have the means to pay a live in nanny why your wife isn’t home. But hey, if making money takes precedence over raising your own kids, who am I to criticize?
Posted on 2/3/23 at 9:20 am to Masterag
How could you possibly have anything for savings/retirement at $100k? I think max 401k per year is about $22k, leaving you ~$58k after taxes. If you have two kids with a 529 account that’s $8800 per year after tax. That leaves you with $4,000 per month to pay for groceries, health insurance, daycare/school, housing and all other bills. If you want to go to gulf Shores over the summer you’ll spend $4k on 4 people easy. Good luck if you need to replace a roof or AC
Posted on 2/3/23 at 9:22 am to Warfox
quote:
My MIL(only 63) who babysits our two children unexpectedly died yesterday. She made it possible for us to keep our children out of daycare.
shite, man. That’s awful. Your family will be in my prayers today.
Posted on 2/3/23 at 9:23 am to Turf Taint
Single income household checking in. It’s great!
Posted on 2/3/23 at 9:30 am to The Third Leg
quote:not "major" cities though. NYC, LA, Chicago... even Austin/Dallas/Houston could be tough if you want to go out and do stuff
Nah, single person making $100k can save a lot in a many cities.
Posted on 2/3/23 at 9:31 am to TitleistProV1X
4K is plenty for us. We have a $1200 mortgage, no car notes, bills can sometimes get us in the dead of winter and summer. Other than that, we make it through just fine. We don’t have to pay for childcare.
We have credit cards to pay for big ticket stuff if absolute necessity, but we also have a decent amount of savings.
Got family land I plan on retiring to, between now and then we’ll build us a little cabin when the kid gets older and can help out.
We have credit cards to pay for big ticket stuff if absolute necessity, but we also have a decent amount of savings.
Got family land I plan on retiring to, between now and then we’ll build us a little cabin when the kid gets older and can help out.
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