Before going on maternity leave I was earning around $90k and DH earns about $95k (all pre tax). I had 8 months mat leave at full pay and I'm now back part time earning $30-$40k depending how many hours I end up doing for the full year. So our total income now is $125-135k and as far as I know that means we get no FTB.
Here are our expenses:
Mortgage (minimum payment is $1500 month).
PHI is costing us $350 month (going to downgrade as wont need pregnancy cover again 😜).
We have no car loans or credit card debt.
We are in SA where utilities are stupidly expensive our electricity bills are at least $200 a month plus $80 for gas
Council, water rates are $200 month House/car insurances about $150 month
Childcare (after rebate) $390 month
Phones, Internet $200
Then food, fuel, spending money and other bits and pieces etc on top which is about $1500 month
We are doing fine on the reduced income. I think we are lucky to be in the position we are. We try and put as much money as we can into the mortgage so even though the repayment is $1500 we pay at least $2.5-3k a month as we can't wait to be mortgage free.