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Forum
-> Household Management
-> Finances
Is $150k enough to get by for a couple in their high 30s
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| Yes |
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29% |
[ 39 ] |
| No |
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65% |
[ 86 ] |
| Other |
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5% |
[ 7 ] |
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| Total Votes : 132 |
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amother
Clear
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 Wed, Mar 27 2024, 5:01 pm
| amother Charcoal wrote: | | We live on less than 150 K post tax with 4 kids, 3 school tuitions. We bought our house when prices and mortgages were low and the area new for frum people. We go on lots of vacations with credit card points, thanks to dans deals. So that keeps us from feeling poor. |
150k pretax and post tax are very different. Our 150k pretax ends up being 90k post tax
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amother
Freesia
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Wed, Mar 27 2024, 6:44 pm
Hi
I voted yes, but didn’t see how many kids .
Sorry nope, change my vote to no
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amother
Dustypink
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Wed, Mar 27 2024, 7:15 pm
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Yes , we make between 145K-150K gross with 8 kids in Lakewood and B"H we are making it. We do not have food stamps or CHS. I'm grateful to Hashem that we can afford our life.
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B'Syata D'Shmya
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Wed, Mar 27 2024, 9:14 pm
The question is irrelevant, your parnassah is dictated by Hashems decision (on RH...) and its up to us to live within our means.
Its not what you have but what you do with it that counts.
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Chloe22
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Thu, Mar 28 2024, 3:23 am
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It depends on how many kids you have and how much tuition is
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amother
Raspberry
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Thu, Mar 28 2024, 7:47 am
voted yes to couple. with 6-10 kids no because of tuition.
where I live, many people get by with less. small NJ community, if you bought a house before 2022 it was still very affordable, mortgage payments for a big house are around $2500 per month with a very small down payment having been put down. many people qualify for school vouchers since they are low income, as well as NJ family care insurance in addition to WIC which covers a chunk of the groceries and few qualify for EBT as well. this makes it manageable however not easy. when it comes to buying clothing and shoes for the new season in middle of yom tov season I cant imagine how that would be covered.
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amother
Vanilla
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Thu, Mar 28 2024, 9:14 am
| amother Dustypink wrote: | | Yes , we make between 145K-150K gross with 8 kids in Lakewood and B"H we are making it. We do not have food stamps or CHS. I'm grateful to Hashem that we can afford our life. |
wow. glad to hear. gives me hope
We are making in that range with 4 little kids. It covers our expenses now bh. Im hoping our salaries keep up with increasing expenses and inflation.
How much is your mortgage? tuition bill?
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amother
Vanilla
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Thu, Mar 28 2024, 9:15 am
| amother Clear wrote: | | 150k pretax and post tax are very different. Our 150k pretax ends up being 90k post tax |
yep. After taxes, health insurance and 401k is deducted
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amother
OP
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Thu, Mar 28 2024, 9:17 am
| amother Vanilla wrote: | | yep. After taxes, health insurance and 401k is deducted |
So you’re saying that in reality you make a lot more than $150k and you still feel tight….
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amother
Vanilla
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Thu, Mar 28 2024, 9:28 am
| amother OP wrote: | | So you’re saying that in reality you make a lot more than $150k and you still feel tight…. |
I feel we are comfortably covering our bills. I only have 4 kids now and only 1 is in school. Rest are in playgroups, babysitters etc.
with 6-10 older kids, I dont see how this would cut it.
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amother
Dustypink
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Thu, Mar 28 2024, 3:19 pm
| amother Vanilla wrote: | wow. glad to hear. gives me hope
We are making in that range with 4 little kids. It covers our expenses now bh. Im hoping our salaries keep up with increasing expenses and inflation.
How much is your mortgage? tuition bill? |
Our mortgage is about $2800 per month and our tuition is about $4000/month including school and playgroups.
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mig100
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Thu, Mar 28 2024, 3:40 pm
| amother Dustypink wrote: | | Our mortgage is about $2800 per month and our tuition is about $4000/month including school and playgroups. |
Do u have a basement rental?
Are u able to save any money after paying for basics?
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amother
Dustypink
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Sat, Mar 30 2024, 9:35 pm
| mig100 wrote: | Our mortgage is about $2800 per month and our tuition is about $4000/month including school and playgroups.
Do u have a basement rental?
Are u able to save any money after paying for basics? |
Yes, we have a basement rental and that is included in my yearly income calculations. We have not put into savings regularly in the last few years since we bought a house but we try to put tax returns and extra money into savings whenever we can. We have saved about $35K (rough estimate) in the last 5+ years.
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