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  LiveWire / Teen Forums / The Serious Forum / Viewing Topic

$50 000 a year
Replies: 5Last Post Aug. 20 7:36am by Annastasia
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( Anonymous )

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If a couple and with a child make about 50,000 a year, is that below average, average, above average?

and is that enough to cover taxes, bills (electricity, etc)


10:23 am on Aug. 19, 2008
JennyColada


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Do they both make that much, or just one? I would say that's about average.

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10:24 am on Aug. 19, 2008 | Joined July 2002 | 1647 Days Active
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marshmellowman


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That sounds like average if it's for them together. That's before taxes I take it.

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10:27 am on Aug. 19, 2008 | Joined Feb. 2007 | 528 Days Active
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( Anonymous )

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both of them togehter

10:30 am on Aug. 19, 2008
JennyColada


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I make more than $50,000/year with my boyfriend NOW, and I really don't think we're in a good place to have a child. We can barely decide if we want to move out or not together.

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11:48 am on Aug. 19, 2008 | Joined July 2002 | 1647 Days Active
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Annastasia


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This reply is from Sins and Demons.


Well saying you are lucky and find a place for 700 a month thats 8400 a year bringing you down to 41600. After all of your utlities and such that is going to drop to around 36000. Now two adults should easily be able to survive off 400 dollars a month for food if you are cooking meals and not eating out and such which is 4800 dollars and ill add in 200 to round it out and for the occasional fast food and the like. That is now 31000 before the child eats. A quick calculation off an online site (obviously not 100% accurate and such) puts the cost of rasing a child new born to 1 year of age at $10921.00 putting you down to 20079. That money there now has to go to gas which depending on where you are will change your total for me it would come to about $50 a week X 52 weeks = 2600 dollars. Now your left with 18000 and change but you have to think of starting to save for retirment, your kids education, other expenses like car insurane, car repair, and so on and so forth. So in conclusion yes it is possible but it would be a risky endevour


Here is the calculator i used
http://www.bankrate.com/brm/calc/raisechild.asp



7:36 am on Aug. 20, 2008 | Joined June 2005 | 863 Days Active
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