I've been thinking about marriage life lately and I'm wondering what 2 people need to earn annually to comfortablly pay the bills, raise maybe 2 kids, live in a mid sized home with a 2-car garage, 2 average cars, in the suburbs, and vacation at least once a year, and be able to still enjoy a couple monthly outings, rent a cottage in the summer, etc? I know it's a vague question and it all depends on many variables, but I'm trying to get a rough idea of what it may take. I'm not picturing living in a mansion with 5 cars (though what a dream that would be!) but I don't want to struggle in life and argue over money with a husband. So, nowadays, what would he and I need to make annually to live comfortably with those things outlined? (in Canadian dollars)
2007-09-04 15:01:13 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
$55,0078.49 in Canadian dollars will achieve all of this.
2007-09-04 15:09:59 · answer #1 · answered by Phillyfan 3 · 1⤊ 1⤋
About $125,000 is a good start and even at that try to not have credit card bill's, a home will be your biggest cost around 25% of your total income so maybe at a young age you will both have to work and put off having kids for a couple years untill your stable....
The truth about happyness in life is not your income or how nice your home is, it all about feeling and the care and love you share with each other, 75% of the world earn under $100 per month but still feel they are blessed....
2007-09-04 15:34:43 · answer #2 · answered by dave_swafd 3 · 0⤊ 0⤋
In Ohio ? $50K
In San Francisco ? $150K
Whooops , missed the cottage rental etc ,
Make that $60K and $175K . . .
Costs vary radically by geography ,
Where are you asking about ?
Sorry , missed the Canada $$$ , it was a longgggg shopping list to read .
And now that I see the ' no struggle , no arguments'
Tack on an extra $25 K .
And since the Canadian dollar is now nearly equal with the US dollar , estimates should be similar .
>
2007-09-04 15:14:30 · answer #3 · answered by kate 7 · 0⤊ 0⤋
first off, depends on if you are attempting to make the money Before or after the kids. sounds like before, and in that case a few years of you both bringing in atleast 65k a year combined is in order. get the down payment on the house and a few odds and ends settled, then move forward. Otherwise you'll end up fighting over the cash in the future.
2007-09-04 15:10:49 · answer #4 · answered by Ravin 5 · 1⤊ 0⤋
Depends of course on where you live, but maybe $70K or so between you to do the things you mention and have a little left over. If you are in someplace like California, NYC or Boston, figure a lot more than that.
Oops, I see you said Canada - my answer was for the US. Sorry.
2007-09-04 15:08:30 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
hmm, buy the cottage, get rid of one car
buy used clothing
see how much you need to be comfy and raise the kids, work as much as you have to in order to make that
$20K to $40 K maybe per year
2007-09-04 15:16:28 · answer #6 · answered by Anonymous · 1⤊ 0⤋
nothing less than 150K -- been there done that and have t shirt!!!
2007-09-08 03:00:45 · answer #7 · answered by Anonymous · 1⤊ 0⤋