|View Poll Results: What's your household income?|
|$15,000 or less||18||3.28%|
|$106,000 and up||94||17.15%|
|Voters: 548. You may not vote on this poll|
Is it enough?
What is the least amount you could live on?
Texmati-- Knitter, Hindu, vegetarian, WOHM. Wife to superdad and mom to DS 24 months, and DD 8 months! .
If I add in our mortgage and student loans, we could live on $40,000 comfortably.
Now we're just socking it away for retirement and spend like we live on 30-40K
It's a temporary situation, but it's a hard one! I am always looking for ways to be more frugal and also to earn more money to get us by.
We recently moved and DH changed jobs. Our income doubled. Our expenses didn't quite double, but close, so it's not like we're saving all of that extra income (we're in a far more expensive area of teh country).
But still, it's more than plenty. We don't go on lavish vacations or own new cars, but other than that we live pretty well, we save a lot, though we're always trying to save a little more.
Staying in this very expensive house and not saving, we could get by on about $45,000/yr. If we didn't have this house, probably $30,000 or less. We don't have to worry about health insurance and some other things most people need to take into account. I'm also really comforted knowing that DH gets a pension (and if he dies I get a portion of it) and we could live just on that if we had to (though, again, not in this house).
We have gone from both working full-time, to 1 full-time, 1 part-time (I worked for the NHL during the lockout), and then I was pregnant and it was the NHL strike so I stayed home full time, so down to 1 full-time, then when I was preg with my middle baby we moved and dh took a big pay cut. But we managed to get all our debt paid off through all that....too bad its adding back up now with no income
I think we need at least $60,000/yr to live comfortably and we live in a really cheap small town. It would have to be lots more if we moved to the city.
We could live on less if we moved down into the city, but we'd be living in squalid conditions in neighborhoods with no place for my kids to play and too much street noise and chaos and crime. Not for us.
The least amount I could see us making and maintaining some semblance of balance is about $45,000 for a family of 5. We have lived on as little as $22,000 for a family of 3, but it was difficult and resulted in credit card debt that took 10 years to get out from under.
Unassisted birthing, atheist, poly, bi WOHM to 4 wonderful, smart homeschooling kids Wes (14) Seth (7) Pandora Moonlilly (2) and Nevermore Stargazer (11/2012) Married to awesome SAH DH.
This is the only area I've heard of in which housing costs are still going up.
Mom to two beautiful boys, now in school to be a therapist and help other women with PPD.
Happy Homesteading Homeschooling Homebirthing Beekeeping Dready (& a bit redneck even) Mama to 4 fab kids : dd (23), dd (13), ds (11), dd (5)
We do live quite frugal though compared to others I know IRL.
I think we live well, although our IRL friends must think we are broke. They are appalled that we forgo so many "necessities" like cable, Netflix and gym memberships. I get the weirdest looks for line drying our clothes, cutting coupons and CDing the kids.
OP, I know this is beyond the scope of what you were asking about, but we really worry about the effect of inflation on DH's income. It is rapidly erroding our purchasing power. Freaks me out.
It's a comfortable amount for my husband, our son and I. We don't have lots of extras, but our bills get paid, we have a roof over our heads, food on the table and nice a car to drive, along with a retirement account.
SAHM to Ninja Boy (6) and Monkey Man (4) .
|This is the only area I've heard of in which housing costs are still going up.|
My dream would be to have decent medical insurance/health care though... it really hits home when a dr visit sets us back 500-600 dollars. Not including medication. Luckily Dh is the one with real medical needs and he does have good coverage so that's to the good.
Right now we are two adults, two young children, with a pre-tax income of a few dollars more than 48K. We could get by on less (we have in the past when we had only one child, lived on just my income, and ate a lot of food pantry and WIC meals), but not a lot less. Right now we have close to 350 dollars above "absolute basic must be paid" expenses each month. But that goes fast when you start shopping for more than rice/beans, when your 3yo has a growth spurt or your one year old gets sick, when the washer breaks and you're using sposies, when your dad has a degenerative disease and needs "extras" he can't afford on his own, when gas prices keep going up and DH has to commute, etc.