Reply to Support a family of 4 on $55k/year

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[quote=Anonymous][quote=Anonymous]I have a good friend whose husband made 64k a year (GS 11 clerkship) and they had 3 kids in silver spring.  Their rent was 1400 a month for a three bedroom.  One car, metro/bus subsidized. And they had enough to eat, pay utilities, cheap phones, no cable, etc.  It's doable and I'm pretty sure they didn't go into any additional debt (although they deferred student loans and[b] I think were getting WIC[/b]).  They were generally happy and had a fun year however there was a light at the end of the tunnel--the 6 figure salary moving west with a lower cost of living. I think if you are prepared to be super frugal with no extras and that sacrifice is worth it to stay home v. work than go for it.  For me (both DH and I make 75k live in Falls Church in 2100 rented 4 bedroom townhouse with 2 kids, pay about 2500 a month for a nanny and 600 a month for student loans) I don't think I will be prepared to stay home until my husband makes around 100k. At that point we could maintain the same standard of living we have now (we have to budget but we do ok and can eat out, occasional short trip, save a bit, etc) one once income when you take into account the lack of childcare expense.  But I've lived with money stress and it's not worth it to me right now.  If you are motivated and can restrain spending it can totally be done.  [/quote]

No, neither your friend, nor the family under discussion qualify for WIC.  WIC income level is 185% of federal poverty level.  2012 federal poverty level is $23050.  so, the WIC cap is $42,642.50.  Anyone making over that is not eligible for WIC.  In fact, even the family in question is pretty far (30%) over the limit.[/quote]

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