Nice Life Salary?

Question

Hello. How muh money should a person make to have a successful living? Now think of this as with a wife, two kids, a dog, a house, and three cars. How much should the husband and wife make combined to have a nice life? And how much money do you need to make alone to have a nice life. Thank you.

Answer 1

with wife and children and 3 cars.... 100k+

single   40k+  

lifestyle plays a large role, it could go 10K to 20K either direction depending on what you consider you "need" to have a "nice" life

Answer 2

It's highly dependant on the cost of living where you'd be living, your bills, and what "nice" means to you.

For us, we're doing nicely now, however, we will be doing a LOT nicer once the home is paid off. At that point our bills will be (with inflation) no more than 1500-2000 a month on the high end. If it was paid off right now our bills would be 738.00/mo. For a family consisting of myself, my husband, our 3 kids (once this baby is born), our cat, house & acre of land, and car.

By then we'd have a total income of around 6k a month. With 2k or less going out to bills. For the area we live in (very affordable area), that's really good living. There deffinately won't be any financial worries at that point.

In our area, anything over around 60k/yr is living nice...real nice.