Originally Posted by Individuation
We're supremely comfortable, and in the 25-40,000 range. DH is a bookstore clerk and part-time student. I'm a SAHM-student-occasional babysitter. We live in one of those cities where people supposedly "need" a 120K income to not be terribly deprived. I don't really get it. We're in student loan debt, but we don't live off cards. Our daughter has her own bedroom. We put money away for her college. We give to charity. I kind of have to ask, what are y'all spending it on? Please don't take that the wrong way.
Well, I don't know which end of that range you're on, but...
First, we have our taxes. I haven't done them for this year yet, but that's probably about $10,000 (on $40,000, it's about $5000-$6000, if I recall correctly). It costs me and dh over $18,000/year to pay the rent (older 3-bedroom townhouse...cheapest we could find), power and phone. Add in costs for his bike and/or transit to work and that's at least another $500 or so.
Car insurance is about $2000/year (not sure yet, as we've only owned the vehicle for three months, and haven't paid a whole year yet). We're also still paying for the minivan (second hand, but still several thousand).
We also have a cable/internet bundle...might drop the cable, as we don't watch it, but it only costs $10.00/month. DH needs the internet for work. I have a cell phone, which is a frill, but a useful one - I don't know how long it would have taken the school to reach me when ds1 broke his finger last year, as I was out with the younger kids.
My in-laws just treated us to a week in Disney World (I didn't want to go, but it was a special gift for ds1). That cost us about $1,000, by the time extra travel costs, meals, etc. were figured in. I'm flying from Vancouver to Syracuse for the ICAN Conference this year.
DS1 has weekly guitar lessons - almost $1000/year. He's been invited on a special field trip to a marine science center this year - $300+. He's got various school fees, plus he gets an allowance.
Christmas presents...our kids, my 9 nieces and nephews, parents and siblings..
Easter - birthday parties - Halloween party two years ago.
The birth attendant will be almost $3000.
Clothes and food for the kids, of course.
This is an unusually expensive year for us, but $25K wouldn't even come close to covering it all, and $40 probably wouldn't reach, either. We're still behind on savings...
umm....don't know if you wanted that kind of detail, or not.