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  1. #1
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    Default Large families- how much income?

    Hi there,

    Just wondering if larger families ( 4 or more) children would be happy to share what there family income is?
    We currently are pregnant with number 4 and seems most people's comments are about 'how am we going to afford them?'

    My husband earns around $90000 a year which we think is a great amount. I am a stay at home mum and we are hoping to keep me at home as long as we can. We do get some family tax a and b about $ 400 a fortnight. We live pretty comfortably now although our children our young so don't do any sport or attend school yet.

    Just interesting in his other larger families go- specially once all at school/ sport.

    Thanks

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    Last edited by LoveLivesHere; 29-05-2016 at 14:05.

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    We have 4 (eldest is 6). My husband will probably hit 90k this year with shift penalties. Maybe.
    Our situation is a bit unique due to where we live. We pay less for rent than most other places, but for things like sports we will have to travel. In fact we travel for everything, groceries included. As the kids get older we will be doing travelling I would say, to take them to the movies etc. That all costs money obviously. One of my sons also has special needs and we travel for his specialists so that's when we do our groceries.
    I am a stay home parent. I feel we do pretty god for money. A few debts here and there but we have plenty of money to buy "luxury" groceries. Indulge our hobbies occasionally and buy bits and pieces for the house (such as new kitchen appliances). We aren't the most money savvy people in the world, but we have gone from a 180k combined income years ago, to being so poor we scraped under car seats and sofas for coins to buy bread to eat. So now we are nicely in the middle and live comfortably.

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    My friend has 5 kids and her husband on just below $100k, dos hefted family tax money. I'm just about to have #4 and hubby is on $115k. We're in process of fixing our mortgage so we have less going out.

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    Honestly people should mind their own business. You are already pregnant. If finances were a problem well it's kind of a bit late.

    If you are coping with 3, 4 should be fine. But it depends on how you live and what your expenses are. I have 4 kids and there's no way in this life I could survive on $90k but we don't have to so its not relevant.

    So long as you live within your means, try and have a bit of savings for emergencies, can pay the bills and feed and clothe everyone then it's really no ones business.

    You may need a bigger car or house eventually but it's impossible to know without knowing your circumstances.

  6. The Following 4 Users Say Thank You to Sonja For This Useful Post:

    Barnaby  (29-05-2016),LoveLivesHere  (29-05-2016),Ngaiz  (29-05-2016),VicPark  (29-05-2016)

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    We just had twins and have a 3 yo and 2 yo. Hubby earns about 60k per year. We are fine

  8. #7
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    Thanks for everyone's answers. I don't mind people asking, I quite enjoy talking about budgets with other people as I know most of my mummy friends would love to be stay at home parents but can't seem to afford it ( which is a shame) so they are interested in how we do.

    I am not worry about having four but just wanted to see how other large families live as some people do think it will be hard financial.
    We have a pretty small mortgage and have just fixed for a few years to keep it stable.

    We already have a kia carnival and I consider our four bedroom house big enough- kids will share so more interested in day to day cost.

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    wow that seams like loads we are in the uk but it would be about 70000 dollers for 7 children


 

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