Quote:
Originally Posted by WestRace
I live by myself and my monthly food cost is about $500 dollars conservatively. I don't know whether that's high or low. So if you have a family of four, that could easily be around $2000 dollars? For comparison, my monthly mortgage for a modest house is only $1250, which means potentially a house hold food budget will be a lot higher than their mortgage and since the mortgage is fixed, due to inflation, the food cost/mortgage will just going higher and higher in the future.
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Wait until you have two kids in day care and pay $2,000 in child care fees.
There's $5,250/mo net to cover mortgage, food, and daycare. $97k gross pay just to cover those three expenses.
Add in a realistic mortgage, car payments, multiple types of insurance, property tax, and