kids electric cars for 2 year olds image
Kodey
I, as of recently, have lost 95% of my hours at my part-time secondary job. My primary workplace however, is currently paying me $10.50/hr. I am now curious if myself, along with my fiance and 2-year-old daughter could survive off of the estimated 1300/month.
Currently, expenses that I can track (or estimate) are as follows:
Rent 540 (2bd 1b apt)
Electric 100-120 summers 50-80 winter
Gas 0 (included in rent)
Water 0 (also included in rent)
Car insurance 115
Groceries 300-350+
Fuel 120+
Toiletries 40+
I would also like to add that for the time being, I am currently receiving government assistance in the grocery department. I suppose that should be added to my monthly income. I would like to release myself from the assistance as soon as I am able to go without.
Long story short, 1550 a month is a better estimate for my monthly income at this point in time.
If my partner was to pick up a part-time job, I would then need a form of daycare for my 2 year old. Greatly increasing my monthly expenses. We are also working with just the one vehicle, bring the issue of limited transport into play. How could we counter this to improve our current state of living?
This is NET not GROSS if that makes any difference at all.
Answer
$1300 a month to play with (go with the pessimist view always so that you have "left-overs" to play with).
10% goes to long-term (retirement) savings: $130 a month. While you're in the crapper, make this 3% ($39) towards retirement and 7% ($91) towards your emergency fund.
15% goes to debt repayment/emergency fund: $195 a month that should be going to a regular savings account until you have at least 6 times your monthly income ($7800); in your case, you should just be aiming to save as much as you can beyond that amount.
35% goes to housing (rent, mortgage, bills, utilities, insurances, etc.): All-inclusive, you can afford under $455 a month, which means that you would be over-spending by $165; get more income to cover this gap.
15% goes to transportation (gas, insurance, repairs, bus): $195 a month, which you are over-spending by $40; more income to cover the gap.
25% goes to life (food, entertainment, clothing, gifts, travel, medical, wants, phone, internet, cable, other): $325 a month, or $81.25 a week. I suppose it depends on where you live, but I'm a young adult living on my own and that's what I can support myself on only.
So you need at least $205 extra every month to cover your gaps, and preferably a bit more than that so you can add some to life/savings.
What about the side-jobs? Tutor, baby-sit, pet-sit, house-sit, walk dogs, clean pools, weed gardens, mow lawns, shovel snow, rake leaves, clean houses, run errands for people, etc.
Your fiancé is staying home anyway to take care of your child, why doesn't she do a home-daycare? If she took care of one extra child five days a week and charged $25 per day, she'd be making $500 extra every month doing what she already does with your kid; not to mention she would have a play-date all the time.
$1300 a month to play with (go with the pessimist view always so that you have "left-overs" to play with).
10% goes to long-term (retirement) savings: $130 a month. While you're in the crapper, make this 3% ($39) towards retirement and 7% ($91) towards your emergency fund.
15% goes to debt repayment/emergency fund: $195 a month that should be going to a regular savings account until you have at least 6 times your monthly income ($7800); in your case, you should just be aiming to save as much as you can beyond that amount.
35% goes to housing (rent, mortgage, bills, utilities, insurances, etc.): All-inclusive, you can afford under $455 a month, which means that you would be over-spending by $165; get more income to cover this gap.
15% goes to transportation (gas, insurance, repairs, bus): $195 a month, which you are over-spending by $40; more income to cover the gap.
25% goes to life (food, entertainment, clothing, gifts, travel, medical, wants, phone, internet, cable, other): $325 a month, or $81.25 a week. I suppose it depends on where you live, but I'm a young adult living on my own and that's what I can support myself on only.
So you need at least $205 extra every month to cover your gaps, and preferably a bit more than that so you can add some to life/savings.
What about the side-jobs? Tutor, baby-sit, pet-sit, house-sit, walk dogs, clean pools, weed gardens, mow lawns, shovel snow, rake leaves, clean houses, run errands for people, etc.
Your fiancé is staying home anyway to take care of your child, why doesn't she do a home-daycare? If she took care of one extra child five days a week and charged $25 per day, she'd be making $500 extra every month doing what she already does with your kid; not to mention she would have a play-date all the time.
What will they teach our kids in the future?
SV650s
In my history class, I've learned about Caveman, Ancient Egypt, Ancient Greece, Ancient Roman, Renaissance, Industrial Revolutionary, WWI, WWII, etc. I was just wondering, about a hundreds or thousands of years from now. What do you think our kids will learn about? Petroleum? Internet? Etc?
Answer
Great question. Very thoughtful.
This era will be known as the "computer revolution."
It has changed everything in world society just as the industrial revolution did in the 1800's.
It will be known as the communication era - the time when world cultures began to merge through common communication via the internet as you have already surmised.
It will be known as a time when the world moved towards a common language - or perhaps focused down to three or four languages such as English, Mandarin Chinese, Hindi, and Spanish. [The French will always speak French, but they will know a second language as well.]
Thousands of years from now there will be one common world language, but for this century the history will show that several languages emerged from the hundreds of world languages formerly spoken and written.
This will also be known as a time of growing global consciousness regarding the environment - else we will not be around a thousand years from now to write histories.
It will be known as the century of planned population control - or again, the future will be bleak.
A hundred years from now the War in Iraq will seem a small thing - a limited skirmish hardly worth a footnote. The loss of US troops over five years does not amount to a single large battle of the American Civil War. Although the loss of each individual serviceman or woman in Iraq over the recent five years matters a great deal to us now, in the USA we lose ten times more people every year to car accidents. When historians look back, Iraq will seem a small incident.
This will also be the century that people switched form gasoline powered vehicles to electric modes of transport or possibly hydrogen powered vehicles. The Middle East only started pumping out oil a little over 100 years ago. In the next 100 years, that resource will be gone.
Food will always be an essential, the USA will be crucial for world supply.
One other thought - chemotherapy as we use it now for malignant diseases - will be considered medieval and as barbaric as bloodletting looking back 100 years from now.
Older people will still die with cancer, but people must die of something to make room for younger generations. Cancer treatments - for the many varieties of cancer - will be more specifically targeted at the cancerous cells. Cancers will be detected earlier and, hopefully, many types of cancer will be prevented. Lung cancers would decline by 80 to 90% in the next 20 years if everyone would stop smoking right now.
100 years ago, cancer was #8 on the top ten killer list compared to #2 now. Relatively few people worldwide smoked a pack of cigarettes a day in 1908.
100 years from now, cancer will still be #2 following old age related cardiovascular disease, but the relative numbers of cancer deaths will be much lower - - IF we work on the global environment and health habits such as smoking.
In the year 2108 we will look back and say the 1990's were the peak years for lung cancer deaths related to the peculiar old habit of smoking a drug known then as tobacco. The kids will be revolted by the the idea that people actually sucked addicting, carcinogenic smoke from burning vegetation into their own lungs. There will be nothing "cool" about smoking.
Great question. Very thoughtful.
This era will be known as the "computer revolution."
It has changed everything in world society just as the industrial revolution did in the 1800's.
It will be known as the communication era - the time when world cultures began to merge through common communication via the internet as you have already surmised.
It will be known as a time when the world moved towards a common language - or perhaps focused down to three or four languages such as English, Mandarin Chinese, Hindi, and Spanish. [The French will always speak French, but they will know a second language as well.]
Thousands of years from now there will be one common world language, but for this century the history will show that several languages emerged from the hundreds of world languages formerly spoken and written.
This will also be known as a time of growing global consciousness regarding the environment - else we will not be around a thousand years from now to write histories.
It will be known as the century of planned population control - or again, the future will be bleak.
A hundred years from now the War in Iraq will seem a small thing - a limited skirmish hardly worth a footnote. The loss of US troops over five years does not amount to a single large battle of the American Civil War. Although the loss of each individual serviceman or woman in Iraq over the recent five years matters a great deal to us now, in the USA we lose ten times more people every year to car accidents. When historians look back, Iraq will seem a small incident.
This will also be the century that people switched form gasoline powered vehicles to electric modes of transport or possibly hydrogen powered vehicles. The Middle East only started pumping out oil a little over 100 years ago. In the next 100 years, that resource will be gone.
Food will always be an essential, the USA will be crucial for world supply.
One other thought - chemotherapy as we use it now for malignant diseases - will be considered medieval and as barbaric as bloodletting looking back 100 years from now.
Older people will still die with cancer, but people must die of something to make room for younger generations. Cancer treatments - for the many varieties of cancer - will be more specifically targeted at the cancerous cells. Cancers will be detected earlier and, hopefully, many types of cancer will be prevented. Lung cancers would decline by 80 to 90% in the next 20 years if everyone would stop smoking right now.
100 years ago, cancer was #8 on the top ten killer list compared to #2 now. Relatively few people worldwide smoked a pack of cigarettes a day in 1908.
100 years from now, cancer will still be #2 following old age related cardiovascular disease, but the relative numbers of cancer deaths will be much lower - - IF we work on the global environment and health habits such as smoking.
In the year 2108 we will look back and say the 1990's were the peak years for lung cancer deaths related to the peculiar old habit of smoking a drug known then as tobacco. The kids will be revolted by the the idea that people actually sucked addicting, carcinogenic smoke from burning vegetation into their own lungs. There will be nothing "cool" about smoking.
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Title Post: Can a family of 3 survive on just over 1300 a month?
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