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Reply to "What's the minimum level of monthly income minus mortgage you'd feel comfortable with?"
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[quote=Anonymous]Two things OP. 1. You need to work backwards to figure out if you can do this. Set up an imaginary budget for your family with 1 and 2 kids. Include money for activites, vacations, food, clothing, utilities - basically everything you might need to spend money on. Total this up and you will know how much you need to bring home each month. If this number is greater than what the $120k job will bring home each month then either take the $150k job or look at your imaginary budget and determine what you can live without. 2. Please don't assume your child(ren) will go to school in Australia for free. They may not want to or it might not be a good choice based on what they want to do. As a side, I had 2 friends get advanced degrees from schools in Australia but then they had trouble getting jobs in the US. Apparently, employers didn't look at the degree from Australia the same as they would a degree from the US. This was a business degree.[/quote]
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