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How much does a young man need to raise a family?


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Suppose you budget £100 rent/ctax for a 1bed/2bed in darnall.

£100 to insure (80) and run (tax, petrol, parking, repairs etc. - 20) a car [require repairs less than once a year and only ever use free parking].

£100 food/entertainment.

£50 utilities and rates.

 

It is do-able. And you would live quite well.

 

Yeah, your man should breeze it.

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I can't imagine that anyone could raise a family on this amount. £300 is nothing in this day and age, it would just about feed a family of four for one week let alone anything else.

 

What a cretinous thing to say.

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Suppose you budget £100 rent/ctax for a 1bed/2bed in darnall.

£100 to insure (80) and run (tax, petrol, parking, repairs etc. - 20) a car [require repairs less than once a year and only ever use free parking].

£100 food/entertainment.

£50 utilities and rates.

 

It is do-able. And you would live quite well.

 

but what about the cat and dog? have they been fed and looked after.

 

Is car insurance really £80 per week?

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but what about the cat and dog? have they been fed and looked after.

 

Is car insurance really £80 per week?

 

Suppose the car insurance is £4k (average male youth is IRO £4.4k - astonishing! I refused to pay at £2.5k!)

 

Some £76 a week and feed the cats and dog for £4, perhaps pinch £2 from the human food budget.

 

I used to have a 35kg dog and could feed it for under £5/week (sharing my own meat and it on biscuits).

 

Before this EU ruling you could insure your bird for £50 a week and spend the remaining £30 on beer without having to drink-drive.

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The OP raises a fair question - but there isn't a simple answer. Depending on the hours the man works, he will probably be eligible for some sort of tax credit especially if he is on a low wage/salary. As he has children, the family will also get child benefit. (We're not talking a one high earner household here.)

 

But why would both parents not be working? Even with children its doable - one full time day work, one part time evening/weekend. I know, we did it for years when our kids were young.

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The OP raises a fair question - but there isn't a simple answer. Depending on the hours the man works, he will probably be eligible for some sort of tax credit especially if he is on a low wage/salary. As he has children, the family will also get child benefit. (We're not talking a one high earner household here.)

 

But why would both parents not be working? Even with children its doable - one full time day work, one part time evening/weekend. I know, we did it for years when our kids were young.

 

Disregard benefit and assume the woman stays at home...

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