How much money do you double income families have leftover after you pay all your fixed expenses in BC?
I want to know (primarily larger families) how you are all doing after your fixed expenses and what you are finding you are spending primarily on groceries and essentials after all the fixed stuff comes out.
To break it down we are a family of 6 and this is our take home I come monthly (semi monthly payments combined for our 15th and 30th pay deposits)
Hubby: $6060
Myself: $3400
Child tax: $1310 (4 children ages 4, 9, 13 & 16)
Total monthly take home: $10,770
Fixed expenses:
Mortgage: $3408 (monthly)
House insurance: $175
Car insurance: $110
Internet/Cable: $220
Cell Phones: $300 (4 phone lines)
Fortis: $134
Hydro: $162
Debt: $98
Daycare: $634
Family Loan: $300
Total: $5541
$10,770 - $5541 = $5229 leftover.
We try our best to live off of $800 weekly and have enough to put aside. But it is seemingly more and more challenging as the prices rise. The grocery costs are staggering. How much are families spending just on groceries for a family of 6 these days? It seems like we need to increase our weekly essentials costs to $1000 to be able to realistically buy enough food for the household. Curious what everyone else is noticing in this department.