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What are the average expenses for a family of four with kids growing from birth to college?
This question, more specifically, is asking: How much would the parents of two children born one right after another, spend per year as the kids grow from age 0 to about 18, when they (hopefully) go to college? This includes gas for two average mid-size sedans, food for the whole family (estimate the kids appetites by age), insurance (life, health, car, and homeowners), house payment for an average suburban house (fixed rate of 6%, loan of $500,000), basic stuff like water, electric, heat, phone, internet, TV, and furniture. This is my first question, so I hope this isn't too specific. Ages at start: Mother: 30 Father: 32 Child 1: 0 Child 2: 0
What else can I help you with?
What is difference between family expenses and domestic expenses?
Family ExpensesThe monthly recurring expenses such asHouse RentUtility BillsSchool Feesand even medical expenses and vehicle maintenanceExpenses which cannot be avoidedDomestic ExpensesExpenses attributing to a domestic function or party such asa Farewell party, party hosted for a newly wedded couple.
This is the monthly budget for the Reed family. What percent of the expenses is spent on utilities?
To determine the percentage of the Reed family's expenses spent on utilities, you need to divide the total amount spent on utilities by the total monthly expenses and then multiply by 100. For example, if their total expenses are $3,000 and they spend $300 on utilities, the calculation would be ($300 ÷ $3,000) × 100 = 10%. Thus, 10% of their expenses are spent on utilities.
What is the information needed to fill out and income tax form?
What income you had. What expenses by type you had. What your family situation is (married, dependents, etc).
What is the average cost of an electric bill for a single family home?
The average cost of an electric bill for a single family home is about $60. However, this varies depending on the usage of electricity in the particular home.
Average grocery bill for family of 3 in Southern California?
$1300
What is the average electricity expenses for a family of 4?
4000 snow caps
What does it mean if your efc number is 002668 ?
An EFC number is the "expected family contribution", or the amount a family is expected to pay for their student's college education. It short, the EFC has an effect on how much federal grant money you will be given for college expenses.
What are the average monthly expenses of a family of four?
Rent/ morgage electric water phone car payment gas garbage internet
What is the average monthly expenses per American family?
I am a mother of 2. there are 4 in my family and my average monthly expenses is usaully around 5293.09. I have also looked to see what i would have left if i was a single mother and every month since all together i get 5852.70 i would have 559.71 left. I have a 6 year old and a 4 month old.
What is the average of food expenses in a family of two?
$75 to $90 per week depending on your tendencies to snack and/or get fast food.
What would average food expenses be for a family of 3?
On average, food expenses for a family of 3 in the United States can range from $500 to $1000 per month, depending on factors such as location, dietary preferences, and eating habits. Shopping sales, meal planning, and avoiding eating out frequently can help manage costs.
How much does the average family spend on wants?
The average family spends around 10-15% of their income on wants, which are items and experiences that are not essential for basic living expenses. These may include dining out, entertainment, vacations, and luxury goods.
What are the different components of a family budget?
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
What was the cost of living expenses in 1915?
In 1915, the cost of living expenses varied depending on location and lifestyle, but on average, a year's basic living expenses for a family of four ranged from $700 to $1,200. This amount would cover items like rent, food, clothing, and other essentials.
How much is the average welfare check in the US for a family of 4?
The average welfare check amount for a family of 4 in the US varies by state, but it typically ranges from $500 to $1200 per month. This amount can fluctuate based on factors such as household income and expenses.
What is the biggest expenses with a large family?
food
Where do Funds left over from a 529 plan after all college expenses have been paid go?
Funds left over in a 529 plan after all college expenses have been paid can be withdrawn, but this may come with tax implications. If the money is used for non-qualified expenses, it will incur income tax and a 10% penalty on the earnings portion. Alternatively, the funds can be rolled over to another family member’s 529 plan or kept for future educational expenses, as the account can remain open indefinitely.
