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[White Mongoose]

Yes kids are expensive if you want to raise a spoiled douche.

My mom and step dad never made combine of over about $50K until I was about to move out and they raise me, my sister and half brother. We all turn out just fine.
I'm sure $60K would have been a huge increase to them.

If anything... I'm kinda glad my parents never made much money because now I don't have much desire for fancy expensive things. For example a friend of mine recently bought a Porsche and tried really hard to show it off and get butthurt when I just told him my Cherokee is the best car for me and cost me only $5000 and I have no debt.

Plus I learn how to live on so little and still be happy.

 

[Jon Stark]

Yes kids are expensive if you want to raise a spoiled douche.

My mom and step dad never made combine of over about $50K until I was about to move out and they raise me, my sister and half brother. We all turn out just fine.
I'm sure $60K would have been a huge increase to them.

If anything... I'm kinda glad my parents never made much money because now I don't have much desire for fancy expensive things. For example a friend of mine recently bought a Porsche and tried really hard to show it off and get butthurt when I just told him my Cherokee is the best car for me and cost me only $5000 and I have no debt.

Plus I learn how to live on so little and still be happy.

you have good values.

 

[White Mongoose]

you have good values.

Thanks. I think if people focus more on doing what truly make them happy instead of work so hard for others approval, world would be a very different place.

 

[llperez22]

Thanks. I think if people focus more on doing what truly make them happy instead of work so hard for others approval, world would be a very different place.

some people truly find happiness in having nice and expensive things even if it pushes them to the brink of their budget.

 

[Kanster]

How much is that in dollars? I'm too lazy to check.

 

[White Mongoose]

some people truly find happiness in having nice and expensive things even if it pushes them to the brink of their budget.

Yeah, but in the end... My friend may have a Porsche but what can he do with it beside driving it? Do you think he's gonna come out of his office and smile and think "YES!!! I got to drive my Porsche!!!" or is it just gonna be like "Blah! Time to go home"?

I do spend money and am far from cheap, However the difference is, when I decide to buy expensive things, it is almost always something I can enjoy again and again.
Let say I want to start doing base jumping. Parachute may would cost me about $7,000. But would I ever get sick of a jump? Nah. I'd always be excited about it and if one jump get old, I simply go and find other spot to jump.

So basically I spend money for something where novelty never wears off while my friend did.

That's the major difference between buying expensive thing to try be happy and buying things that can provide you hours of entrainment.

 

[Tobago Jones]

How much is that in dollars? I'm too lazy to check.

100K at least.

 

[Kanster]

My answer is yes then.

100K is good money.

 

[wlu29]

I love how this thread is full of individual guys saying, "I could live off that!", or "what are people doing with all of that money?". Well if you read TS' post he's got 2 kids FFS. Of course YOU might be able to live on that amount of money, but could you support a family?

Why don't all of you financial geniuses put pencil to paper and add up what the following costs and then tell me if $94,000/yr is a lot of money. You wonder where money goes? Here is a quick list of items to budget for and it might give you an idea:

- housing for a family of 4 in a decent school district (include utilities and taxes)
- food for a family of 4
- phone, internet, (cell phone and cable is an extra)
- cars (2), unless you live in an area with good public transit. gas, insurance, repair
- one week vacation per year
- savings for a college fund?
- braces, dental, healthcare expenses not covered by your employer provided plan
- retirement savings
- healthcare savings plan (US only)
- maintenance on your home (shit will go wrong).
- clothing, shoes (for kids that grow)
- recreation/entertainment: sports equipment ...



Remember all of this ^^^^ is after tax dollars. I'll just add that anyone with a kid on a travel team is out $8500/yr. I'm cheap as shit, and we track everything we spend and I'm still stunned at how much money goes out the door. People we know in our area spend even more. I have a friend who we met up with at christmas and his property tax is $13,000/yr.

Absolutely agree that you can live off very little, but very few will be satisfied with just surviving. As a grad student, and for a couple of years after, I lived off of less than $15,000 yr. Sure it's doable but kids are expensive.

You are being gloom and doom pessimistic.

$100K per year pretax for a household of four is very doable to enjoy a decent standard of living. We've been through this debate before. Once you consider that the guy lives in the UK where healthcare and education are free or very low interest student loans and tuition.

People are not entitled to 1 week vacation away from home, nor are they entitled to be a part of travelling teams.

http://quickfacts.census.gov/qfd/states/00000.html

US MEDIAN HOUSEHOLD INCOME < $53K

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm

CANADIAN MEDIAN HOUSEHOLD INCOME < $70K

 

[cmw43]

I was surprised to learn its

 

[youandme]

For $40,000 a year I would do a job I enjoy.

This is a ridiculous thread.

 

[ucunc156]

Yes kids are expensive if you want to raise a spoiled douche.

My mom and step dad never made combine of over about $50K until I was about to move out and they raise me, my sister and half brother. We all turn out just fine.
I'm sure $60K would have been a huge increase to them.

If anything... I'm kinda glad my parents never made much money because now I don't have much desire for fancy expensive things. For example a friend of mine recently bought a Porsche and tried really hard to show it off and get butthurt when I just told him my Cherokee is the best car for me and cost me only $5000 and I have no debt.

Plus I learn how to live on so little and still be happy.

same here man. its astonishing how few people were raised like this. this country is all about give me this, this, and this. people don't know how to be content, or how to adjust their spending for their income. Hell even the government doesn't have these simple values. rather than cut spending, some jackasses actually wanted to make a 1 trillion dollar coin to avoid the debt ceiling.

 

[tdluxon]

That's a pretty good wage, especially for doing something you like. It's definitely above average.

Sort of depends on what other offers and opportunities you have...

 

[therealdope]

You are being gloom and doom pessimistic.

$100K per year pretax for a household of four is very doable to enjoy a decent standard of living.

For a family of 4 it's very dependent on where you live. Topeka, KS and San Francisco have RADICALLY different costs of living.

We've been through this debate before. Once you consider that the guy lives in the UK where healthcare and education are free or very low interest student loans and tuition.

Many people weighing in here are from the US where avg public Univ. costs $15k/yr and private $36k/yr Plus all of the other healthcare related expenses.

People are not entitled to 1 week vacation away from home, nor are they entitled to be a part of travelling teams.

Fine, those are discretionary items - but I am continually shocked at how much people spend on their kid's sports when tehy don't have 2 nickles to rub together. I want to see a budget for living expenses for 4 people and then we'll see where you can afford to live. Right now I see a bunch of peopel just saying, $94,000/yr is a lot of money.

http://quickfacts.census.gov/qfd/states/00000.html

US MEDIAN HOUSEHOLD INCOME < $53K

And a large portion of that distribution lives in shitty area and/or has no savings, and/or is in debt and/or is one or two crisis away from being in a world of hurt.

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108a-eng.htm

CANADIAN MEDIAN HOUSEHOLD INCOME < $70K

And your own table (for couple families - because that's what we are talking about http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108b-eng.htm) shows that it's $77,000 median for 2010. Did you read your own link? now look down to Alberta and it's $93,000. So don't act like $94,000/yr for a family is some huge number when there is an entire province in Canada (from your link) where half the families have >$93,000/yr income.

I'm still waiting to see people's budget for basic costs for a family of four and then discretionary spending broken out. Let's see the numbers and then we'll look at where you can afford to live.

Like I said a couple of pages back, I lived off of <$15,000/yr not that long ago so it's not like I'm some sort of trust fund 'tard.

 

[wlu29]

Fist off let's establish the fact that the ts has a family of 3 and is thinking about a second child, also his wife is capable of working and can bring in 20,000 pounds.

For a family of 4 it's very dependent on where you live. Topeka, KS and San Francisco have RADICALLY different costs of living.

well duh, no one is arguing that, even still are you telling me though that a family with household income of $100k in san francisco would be destitute?

Many people weighing in here are from the US where avg public Univ. costs $15k/yr and private $36k/yr Plus all of the other healthcare related expenses.

you don't have to have a trust fund or education fund for your children, if you teach them right, they will find their way as there are avenues such as student loans for them

also let's be realistic, in the case of someone earning $100K per year, their job would provide healthcare benefits

i'm weighing in with the canadian perspective which is a lot closer to the UK perspective than the american one anyhow

Fine, those are discretionary items - but I am continually shocked at how much people spend on their kid's sports when tehy don't have 2 nickles to rub together. I want to see a budget for living expenses for 4 people and then we'll see where you can afford to live. Right now I see a bunch of peopel just saying, $94,000/yr is a lot of money.

well they are stupid if they don't know how to budget, there's wanting a good life for your kids and there's giving your kids everything, money is not required to give them decent good lives

And a large portion of that distribution lives in shitty area and/or has no savings, and/or is in debt and/or is one or two crisis away from being in a world of hurt.

median - there are those with higher, and there are those with lower incomes

you are speculating and drawing conclusions with the rest of your statements

And your own table (for couple families - because that's what we are talking about http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil108b-eng.htm) shows that it's $77,000 median for 2010. Did you read your own link? now look down to Alberta and it's $93,000. So don't act like $94,000/yr for a family is some huge number when there is an entire province in Canada (from your link) where half the families have >$93,000/yr income.

honestly i gave you more credit than that, with alberta being an outlier for their oil money and where you have places like fort mcmurray that pays joe blow $300K to work in the oil patches

I'm still waiting to see people's budget for basic costs for a family of four and then discretionary spending broken out. Let's see the numbers and then we'll look at where you can afford to live.

just a quick example:

https://www.rbcroyalbank.com/cgi-bin/mortgage/mpc/start.cgi/start

http://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2012-Personal-Tax


***I'M NOT EVEN COUNTING THE TAX BENEFIT THAT I CAN CLAIM IF MY WIFE WAS A DEPENDENT ($10K DEDUCTION RIGHT THERE), ALSO THERE ARE THINGS SUCH AS CHILD TAX BENEFITS WHERE YOU ACTUALLY RECEIVE CASH FOR CHILDREN UNDER 18***

Like I said a couple of pages back, I lived off of <$15,000/yr not that long ago so it's not like I'm some sort of trust fund 'tard.

congratulations AVENUE ROAD, I lived off $9300/year throughout university because that's the max loan i was able to get from OSAP and my parents were not able to assist me with my funding through school