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Ally What is considered a good salary range for a family of 4?
What is a good salary range for a family of 4? 2 adults, 2 kids. Sometimes I feel that I earn enough, sometimes I don't. Anyone has this feeling too? We both drive for work so 2 cars is mandatory. We have a Condo but we take it as a forced savings and intend to downgrade in future. Any thoughts?
Replies
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This is a tough question. Instead of looking at a hard number (or range), you can look at your 'needs' expenses and see if that comes up to around 50% of your monthly income. Having 50% left over for savings and wants means you're pretty comfortable.
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This video may help you in finding the answer
https://www.youtube.com/watch?v=OfuQAk0lISo
