Hello everyone, I have read through some of your posts which have been helpful to get an idea of how much people feel is a sufficient amount to look after a family.
I have recently discovered I am going to be a Dad!! Admittedly the timing could be better, me and my girlfriend have just finished University and are both unemployed at the moment. I am however confident I will be able to secure a job to earn at least 18K by December when our baby is due.
Has anyone been in this situation where one partner has to stay at home while the other is earning less than 20K, if so how was it? I can live a without luxury I just want to know that I can make enough to get by. I'm determined to make this work, if i have to earn more i will find a way as I wont let my girlfriend down.
A lot. We make about $57,000 a year combined pre-taxes, then have almost $16,000 in non-taxable allowances for food, housing etc. Plus neither of us have to pay state taxes. But in two years we move again and I will no longer have my job, so we are using this time to pay off all debts, buy a new and reliable car and build a nice nest egg, because who knows what the job market will be where we end up next?
I don't work I am a SAHM and DH makes almost $100,000 a year, we are renting right now, but can easily put away $1,000 a month into savings, and that's after paying for about $400 for food, $15,500 in rent, cell phone water and electric bills, car insurance, car payment. Right now we are saving up to buy a house and pay for the move. After all those expenses are taken care of I will be wanting him to put away at least $200-400 a month to save up for the next baby, but with DH's health plan through work, we will not have to pay any hospital bills when I go into labor and get admitted
Our combined income is about $120K per annum but it doesn't go very far here in Vancouver. I saved about $12k for each maternity leave and also got $1600 per month from the government for a year times 2 for mat leave. That just about covered out mortgage payment.
We don't have debts and don't splurge, we are getting by.
Between my husband and I, we make about $55K a year (not sure how much that is in pounds.) We would feel comfortable starting a family with that kind of income, BUT neither of us has health insurance right now, so that's something we want to work on. Because individual plans are so expensive, we're thinking the smartest thing to do is wait till I graduate from school and get insurance through my employer.
We have a combined income of £85,000 which should go up in September when I get a pay rise. We have a baby fund pot saved up to use for buying things when we are pregnant which is a big help and also means that we can afford the iCandy peach that I want, ha! X
Joint Income of around £90,000-£100,000. We can easily put £2000 aside each month for savings. Haven't got any atm as we paid for our wedding ourselves and have been doing the house of over the last few months. x
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