40K
60K
80K
100k
125 plus K
2007-01-24 00:47:18 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I depends on your mortgage expense and everything else.
2007-01-24 00:54:08 · answer #1 · answered by spot 5 · 0⤊ 0⤋
depending on you expenses. If you have a 2000 mortgage you can't do it at 40k. but if you live modestly and within a good budget you can do it at any of those incomes. I have been a sahm for 12 years. we have 5 children. I have watched my husband come from the 40k salary while in school completing his degree to the now 100k plus he makes. We still have a strict budget. It can be done. I plan on going back to work when our last little one starts school. Good luck!
2007-01-24 00:59:56 · answer #2 · answered by charlie 3 · 1⤊ 0⤋
TOTALLY dependent on your lifestyle. Look on a website like Sperling.com to find the cost of living for your city of choice on average. Then decide if you need one car or two, and how "nice" that car(s) has to be. Do you want to be able to save money on top of allowing your spouse to stay home? How much? Can you live without cable, internet, etc, or not?? It's your call and can vary GREATLY. Be conserative with your calculations and be sure that you account for good insurance coverages, especially since you will be the primary earner (so good life insurane is a must) and worry about things like what you would do if a child gets sick, or someone in the family has some type of emergency....would you be prepared? Good luck!
2007-01-24 00:54:56 · answer #3 · answered by CSUflyer 3 · 1⤊ 1⤋
Well, I'm here in NJ, and my husband makes less than 60k. I do, however, watch another child in my home. It's a friend of mine and she does pay me. I'm sure that helps offset what my husband doesn't make.
I would say, however, that it TOTALLY depends on where you live, what your expenses are, and what you expect they will be.
You have to sit down and figure out what debt you have and what you need to live on a day-to-day basis and figure out how much you need to make to live. For you, it may 'only' be 40k.
Ultimately, you and your spouse need to figure it out.
2007-01-24 01:29:54 · answer #4 · answered by momathomewith2boys 5 · 0⤊ 0⤋
In Virginia Beach, VA, Id say 60k-80k.
Some places in the USA I could get by with 40k, while others it may take 100k+.
2007-01-24 01:00:32 · answer #5 · answered by M O 6 · 0⤊ 0⤋
S$60k
cos the standard of living is getting higher. Think it ll be enough if we are thrifty.
2007-01-24 00:57:59 · answer #6 · answered by missymousey 1 · 0⤊ 0⤋
60K
2007-01-24 00:51:29 · answer #7 · answered by ? 1 · 0⤊ 0⤋