lol, what help do you need? kill something and bring it home.
yikes. if you can't handle single you want NO PART of wife & kids
What % of your takehome pay are you spending on living expenses?
- Thread starter deadeyededric
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yikes. if you can't handle single you want NO PART of wife & kids
No I get that, there are always roommates and other options to offset the costs.
Yeah anyone that has the median income is kinda screwed as it’s like 65K, median household is 85K, even if you have two people making a median income you’re still kinda struggling.
The only difference is that without kids or by yourself it’s entirely you, you aren’t letting anyone down or forcing kids to go through life without or sacrificing your own needs so your kids don’t feel like they go without
Good catch on the HSA.
I looked back from 23-50, and going 100% S&P500 would have blown away every other option I had in my 401k, and by a lot. That doesn't mean the next 30 years are going to be the same, but I wouldn't bet against it.
I also told him to do a mix of roth vs. traditional, especially at his age/income level. Roth is really going to pay off for me to bridge the gap to medicare.
Median is 52k and most people are choosing to not have children now. It's not just cause they don't want them. It's because they can't afford them.
I googled and it said 65 but either way not a huge difference.
Plenty of reasons why people don’t want kids, affordability is for sure one issue but there are a ton others.
Child free by choice with the finances to have kids and certainly aren’t having any because we don’t want them lol
Simple math. 52k a year is about 3250 a month take home. Median mortgage is 2060 a month. Do I really need to keep going?
I want to push back on this so badly but you have 8 freeking kids so I’m not entering the ring with Mike Tyson for this debate
I have 8 kids on one income. I had next to zero assets (2 old cars) and basically no money when my wife and I got married 15 years ago. I’m not saying it wouldn’t be hard because at times, it was, but saying people can’t afford kids on 65k/year, is untrue. I’ve lived it.
Average cost to raise a child to 18 is 300k in a world were people are running up credit card debt to buy groceries and can't afford to purchase a house with a full time job. I'd say affordability is an issue. Not THE issue but definitely AN issue.
I mean, you can believe what you want to believe, but you can raise kids a lot cheaper if you need to.
Isn't this right at the poverty line?
Gemini says it's right in the ballpark.
Seems quite difficult
Do you receive government assistance? I have siblings with kids. They get a lot of help.
The only thing I get from the government is the child tax credit on my yearly taxes. If you’re asking about Medicaid or WIC, no. What kind help are you referring to?
ok, but you're not buying an "average" house until you're "average" age in the middle of your "average" career right? if you're 45, sure, look at that $300k house. If not, the one I owned in my 30s is available right now for $194k. I bet if you look at Roland, Cambridge or Maxwell the average price is a lot more accommodating, you just might need to commute 20 mins.
You have 8 kids on a single 65k income? I don't think I can make this math work in my head, that's gotta be like $2k in groceries each month alone right?
