# Mom Of Four Family Budget

Contents

- 1 What is the average monthly budget for a family of 4?
- 2 What is a comfortable income for a family of 4?
- 3 What is the average income for a family of 4?
- 4 Is 80K a year a good salary for a family?
- 5 Is 60k a good salary for a family?
- 6 What is a comfortable salary for a family of 4 UK?
- 7 How much is $60 000 a year hourly?
- 8 What car can I afford on 60k salary?
- 9 What car can I afford with 50k salary?
- 10 How much is a car payment per month?
- 11 How much should I spend on a car if I make 80000?
- 12 What car can you afford with 120k salary?
- 13 Is a 72 month car loan bad?
- 14 What is a reasonable car payment?
- 15 Is 500 a month too much for a car payment?
- 16 What is the monthly payment on a 15 000 car?
- 17 What is the monthly payment for a $40 000 car?
- 18 How much is a 20k car loan a month?

### What is the average monthly budget for a family of 4?

**Average Monthly Expenses for a Family of 4**

Food will cost $908 **monthly**, transportation will cost $589, and health care will be around $1,238. Taxes will be approximately $1,958 **monthly**. Other necessities cost $1,088, and childcare will cost you $2,773.

### What is a comfortable income for a family of 4?

Yes, a

**family of 4**can live on 100k per year. The average**household income**in the United States is approximately 73k according to the US Census Bureau. At this**income**level you would have to commute rather than live in the most expensive cities such as Boston, San Francisco, and Manhattan.### What is the average income for a family of 4?

You are 19-64 years old and your

**family’s income**is at or below 138% of the Federal Poverty Level (FPL) ($17,774 for an individual; $36,570 for a**family**of four).**Income**-based Medi-Cal.

Your family size: | 1 2 3 4 5 6 7 8 9 10 11 12 |
---|---|

Income limits for your family: | |

$12,880 | |

$4,540 | |

$12,760 |

### Is 80K a year a good salary for a family?

Your

**family**size Depending on the size of your **family**, $80,000 can comfortably cover living expenses and beyond. According to the U.S census as of 2020, the median **salary** for a four-person **household** is $68,400 per **year**, making **80K** a substantially higher **income** than that of the **average** American.

### Is 60k a good salary for a family?

Key Findings. Households earning $60,000 are unlikely to be housing cost-burdened. A

**family**earning $60,000 should be able to comfortably afford housing costs in cities where the median**household income**ranges from $55,000 to $65,000.### What is a comfortable salary for a family of 4 UK?

A

**family**of four, however, should allow at least £2,700 a month for living expenses alone in London, and about £2,100 a month for Manchester. This means you’ll be spending about £32,600 and 25,300 on living expenses alone in London and Manchester respectively.### How much is $60 000 a year hourly?

Assuming you work 40 hours every single week of the

**year**(52 weeks), you would be working 2080 hours per**year**. That would make a salary of**$60,000 a year**come out to about $28.85 an hour.**$60,000**per**year**breaks down to: $28.85**per hour**(Annual ÷ 2080 hours)### What car can I afford on 60k salary?

Multiply this by 5 and you need to make at least $6000 a month, after taxes. This next part is incredibly simplified, and may not apply to your situation directly. That leaves $72,268.75 per year, divided by 12 is about $6022 per month. So, to

**afford**a $60,000 new**car**, you need to make around $90,750 a year.### What car can I afford with 50k salary?

Dave Ramsey takes a balance sheet approach. Rather than looking at monthly transportation costs, Dave recommends buying

**cars**that cost no more than 50% of your annual income. So if you make $50,000 a year, you**should**not spend more than $25,000 for a**car**(s).### How much is a car payment per month?

The average

**monthly car loan payment**in the U.S. was $530 for new vehicles and $381 for used ones originated in the third quarter of 2018, according to credit reporting agency Experian. The average lease**payment**was $430.### How much should I spend on a car if I make 80000?

The frugal rule: 10% of income

**If** you **earn $80,000**, that’s a used **car** for around $10,000 or $12,000.

### What car can you afford with 120k salary?

**You can**comfortably

**afford**a

**car**that is roughly half of your

**salary**, maybe even a little more

**if you**have little other debt. So at

**120k you can afford**a

**car**up to 60–70k. Honestly depends on your other expenses.

**If you**live way below your means on everything else,

**you**may even

**be**able to

**afford**a 100k

**car**.

### Is a 72 month car loan bad?

A

**72**–**month car loan**can make sense in some cases, but it typically only applies if you have good credit. When you have**bad**credit, a**72**–**month**auto**loan**can sound appealing due to the lower**monthly**payment, but, in reality, you’re probably going to pay more than you bargained for.### What is a reasonable car payment?

Many financial experts recommend keeping total

**car**costs below 15% to 20% of your take-home**pay**. For example, if your monthly paycheck is $3,000, your**car payment**would be about $300 and you’d plan on spending another $150 on automotive expenses.### Is 500 a month too much for a car payment?

A

**$500 car payment**is about average right now. The concept of “**too much**” is going to depend on your income and living expenses, your insurance expense, and other budget factors.### What is the monthly payment on a 15 000 car?

$15,000 Car Loan Calculator

Rate | 3 Years (36 months) | 5 Years (60 months) |
---|---|---|

0.05% | $416.99 | $250.32 |

0.10% | $417.31 | $250.64 |

0.15% | $417.63 | $250.95 |

0.20% | $417.95 | $251.27 |

### What is the monthly payment for a $40 000 car?

$40,000 Car Loan

Down | Monthly Payment |
---|---|

$2,000 | $862 |

$5,000 | $794 |

$8,000 | $726 |

$10,000 | $681 |

### How much is a 20k car loan a month?

If you borrow $20,000 at 5.00% for 5 years, your

**monthly payment**will be $377.42.