how much do you earn in a year?

[daopdesign]

one thing you will learn when you have kids is money doesn't matter We do alright and don't want for anything, but that doesn't stop you always wanting the best for your kids

During my 20's I was money and career obsessed, urgghh when I look back I do not like that person, I am so much more happier now

 

[Fathertobe1]

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.

 

[alchemy]

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?

 

[LockandKey]

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

 

[goddess25]

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.

 

[9jawife]

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.

 

[vikster]

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

 

[Mrs.Ladybird]

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

 

[toffee87]

Bloomin hec, what do you both do? x

 

[Elpis_x]

I am amazed at how much people on here earn.

 

[Girly922]

I am amazed at how much people on here earn.

You're not the only one!! I thought we were doing well with a joint income of just under £40,000. I hope I earn as much as some of you one day.

 

[Elpis_x]

I am amazed at how much people on here earn.

You're not the only one!! I thought we were doing well with a joint income of just under £40,000. I hope I earn as much as some of you one day.

We're on a joint income of about £23,000. But I only work part time. I thought we were doing ok!

 

[lucy_smith]

I can not believe how much people earn lol , bf is an electrician I'm a pharmacy technician ( 1year till I'm fully trained) and we work full time and have a joint income of 29,000 before tax !...... we must be going wrong somewhere lol

 

[HopefulPony]

I am amazed at how much people on here earn.

You're not the only one!! I thought we were doing well with a joint income of just under £40,000. I hope I earn as much as some of you one day.

I feel the same! We earn a similar wage and have debts, but can afford the payments and will still be able to when I'm on maternity leave. We know we will manage just fine but there are some well off people here!

 

[Girly922]

Ours is mainly because of my starting income as a nurse, OH is on basic pay for London which sucks. We're both at the start of our careers though. To be honest, I don't think it matters what you earn when it comes to having a LO, especially with the child allowance you get in the UK, it's about the love and time you can give.

 

[Applemuff]

I am currently looking for work. My husband makes 90,000 a year. We have about 40,000
In savings thanks to wedding gifts...but are planning on using that to eventually put a down payment on a home. It's not easy. We live in New York and the cost of living here is very expensive! makes it very hard to save. We hardly even go to a movie trying to save a little.

 

[k.mcmahan2010]

I am shocked with how much some of yall earn and yet say you just get by etc! With some of these incomes DH and I would never have to worry about money! lol

I don't work (Just finished my first degree, waiting for it to be finalized so I can apply for a job I feel pretty positive about getting.) DH makes anywhere from US$17000 to US$19000 depending on how much over time he gets in a week.

I got all my schooling paid for (and got approx $10000 back total, which mostly went for bills when hubby lost his job last year) so I have no student loans, our house is paid off, and so is the car.

We are currently working on fixing up the house and redoing the insulation etc so we don't save much (although if we had to cut down, we could, easily. We spend way to much on junk that we don't need lol).

I should be making approx US$28000 if I get the job I really want and about $17000 if I get the job position that is currently available...

Either way, we are doing decent now, good if I get the available job, and amazing if I get the job I really want. lol

 

[goddess25]

On paper my hubby and I combined income is a fair amount, but where we have chosen to live is very very expensive.. $600,000 for a decent house and that is not in the city. For a house in Vancouver the minimum you will pay is a $million and that would be for a tear down. Our taxes are very high here too so by the time we get paid, I get $800 deducted every 2 weeks in taxes, pay the mortgage, pay childcare, run our car,put a little into savings for next mat leave buy food there really isn't much left over.

 

[OmiOmen]

I am also fairly shocked at how much you all earn and even more shocked that you seem to think you are just getting by! We probably have about £20k coming in, maybe a bit over, and we have a son that everyone calls spoiled. I am actually quite curious to know what you all plan on buying your future children if you think you can not afford them yet?

Me and my partner are from working class backgrounds though. DH is is his early 20's and started work in a factory on minimum wage and a temporary contract 3 years ago and is now permanent and has moved up 2 pay grades and gets a lot of paid training. We are quite confident he will work his way up to a more management role in the next few years which would give us a really comfortable lifestyle (we live in Derbyshire which is a really cheap place to live). I am in my late 20's and am a mature student at university, higher education was not considered an option for me as a teen so I am having to work extra hard at it now. Next year is my last year at Uni and after that I will be staying at home because we plan to home school my son however I am hoping to work from home....doing what I have no idea. Me and my husband are working really hard to improve our income but since we started from the bottom it is tough going.

 

[Quackquack99]

I think money varies in different places. For example I'm from the north of england and my rent is so cheap at £300 but then you can go down south and pay over 1000 for the same property. So on paper some people seem to have a good income but in reality it is far less after every expenditure.
We are lucky that we don't have a car our rent is cheap. I used to be on 24k and my oh is a co-owner of a business now so I really don't know what his salary exactly is. X