You don't know what someone does or doesn't need. Besides, they could spend that much on a 2 bedroom cracker box in some large city.
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· 8 years ago
$1300 on car payments? Even if you do have a large family and actually need a 7 or 8 seater, that's extreme. My brand new Chevrolet Traverse's payments were $450. In some parts of the country the mortgage could be that high. Rent would be even higher probably.
Yeah. Car payment is high unless you have two parents and a driving child. Then 3 Traverses equals $1350. And the mortgage payment would buy you a two bedroom in my neighbourhood in NJ. They didn't even include Property taxes.And if $200 is baby expenses you are using cloth diapers and washing them yourself.
What did they spend money on? A car for their kids, maintenance for the car,vacations for the kids, spring break, activities and lessons for the kids, clothing for the kids (stuff they get tired of faster than they outgrow), a phone for each of the kids plus data plan, car insurance, food,
On the food, if all breakfast cost was two dollars, lunch was three, Dinner was four, that's still over $3500 a year right there...and the meals are actually more. Have you children actually priced cost of your car insurance and phone+data plan?
Then there's medical insurance, dental insurance, the parts of the doctor and dentist bills which the insurance doesn't cover, skin and hair care products...electricity and gas for those never ending showers and the lights that you never turn off. Cable TV and Netflix aren't free. We buy life Insurance for the risk of kids growing up with no income earner.
A child costs between 6500 and $13,000 a year. Imagine if you have three or four.
$50,000 income Tax
On the food, if all breakfast cost was two dollars, lunch was three, Dinner was four, that's still over $3500 a year right there...and the meals are actually more. Have you children actually priced cost of your car insurance and phone+data plan?
Then there's medical insurance, dental insurance, the parts of the doctor and dentist bills which the insurance doesn't cover, skin and hair care products...electricity and gas for those never ending showers and the lights that you never turn off. Cable TV and Netflix aren't free. We buy life Insurance for the risk of kids growing up with no income earner.
A child costs between 6500 and $13,000 a year. Imagine if you have three or four.