Sample Budget For Family Of 4
I had requests to put together a budget for a family in the middle to upper middle class.
Sample budget for family of 4. Just adjust my budget to fit your numbers. According to the usda s center for nutrition policy and promotion the average expenditure for a low cost meal plan for a family of four in the united states was 731 20 in late 2017. Mortgage like power garbage will all stay pretty similar. The following is the percentage of your income you should be spending on each vital area.
At the time we lived in wichita kansas and owned our home a 1600 sq. This is substantially less than the liberal food plan which came out to 1 093 for a family of four for a month. Here is a sample monthly budget. The smiths have a 4 year old daughter and a 2 year old son and both just turned 30 themselves.
It was our actual monthly budget for 2006. Sample budget for a family of 3 or 4 a lot of a family s costs are fixed costs. Our one income budget for our family of four. Epi s family budget calculator measures the income a family needs in order to attain a modest yet adequate standard of living.
It was based on a total after tax income of 2486 00 per month. Our one income budget for our family of four. 3 bedroom 2 bath bi level on 1 2 acre. The smith family is your typical american single income household with 2 kids and a golden retriever.
Many people doubted this was even possible. The budgets estimate community specific costs for 10 family types one or two adults with zero to four children in all counties and metro areas in the united states. Today s ideal budget is the smith family. It is possible because i based the data from friends and family members that live on this amount.
A few months ago i put together a budget for a family person living on 46 000 a year here in california. March 24 2014 by jessi fearon 85 comments there is an updated version of this post for 2015. Read my full disclosure for more info. For the sake of argument let s say you are creating a budget for a family of four which includes mom dad and two kids.
Like i said typical. This post may contain affiliate links. Typical budget for a family of four understand cost of living. Actually let s make that a labradoodle this isn t the 90 s.