How much was your average salary? Take your average salary and divide by 12. You now have your gross...

How much was your average salary?

• Take your average salary and divide by 12. • You now have your gross annual income (This

does not include taxes.)

How many children do you want?

• Child-rearing expenses vary considerably by household income level.

Child, husband-wife family, annual expenses ranges an average of about from $10,000 per year.

Decide how many children you want and figure out how much it will cost per month.

Examples of Household Expenses for Children

Housing expenses• consist of shelter (mortgage payments, property taxes,

or rent; maintenance • and repairs; and insurance), utilities (gas, electricity,

fuel, cell/telephone, and water), and house • furnishings and equipment (furniture, floor coverings,

major appliances, and small appliances). • Mortgage payments included principal and interest

payments. Overall, principal payments • constituted 15 percent of overall housing expenses.

Examples of Household Expenses for Children

Food Expenses

• consist of food and nonalcoholic beverages purchased at grocery, convenience,

• and specialty stores, including purchases with Supplemental Nutrition Assistance Program

• (formerly called the Food Stamp Program) benefits; dining at restaurants; and household

• expenditures on school meals

Examples of Household Expenses for Children

Food Expenses

• consist of food and nonalcoholic beverages purchased at grocery, convenience,

• and specialty stores, including purchases with Supplemental Nutrition Assistance Program

• (formerly called the Food Stamp Program) benefits; dining at restaurants; and household

• expenditures on school meals

Examples of Household Expenses for Children

Clothing expenses• consist of children’s apparel such as diapers,

shirts, pants, dresses, and suits; • footwear; and clothing services such as dry

cleaning, alterations, and repair.

Examples of Household Expenses for Children

Health Care Expenses

• consist of medical and dental services not covered by insurance,

• prescription drugs and medical supplies not covered by insurance, and health insurance

• premiums not paid by an employer or other organization. Medical services include those

• related to physical and mental health• .

Examples of Household Expenses for Children

Child care and education expenses• consist of day care tuition and supplies; baby-

sitting; and • elementary and high school tuition, books,

fees, and supplies. Books, fees, and supplies may be

• for private or public schools

Examples of Household Expenses for Children

Child care and education expenses• consist of day care tuition and supplies; baby-

sitting; and • elementary and high school tuition, books,

fees, and supplies. Books, fees, and supplies may be

• for private or public schools

Examples of Household Expenses for children

Transportation expenses

• consist of the monthly payments on vehicle loans, downpayments,

• gasoline and motor oil, maintenance and repairs, insurance, and public transportation

• (including airline fares)

Examples of Household Expenses for children

Miscellaneous expenses

• consist of personal care items (haircuts, toothbrushes, etc.),

• entertainment (portable media players, sports equipment, televisions, computers, etc.), and

• reading materials (nonschool books, magazines, etc.)

Home Prices In Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Apartments for Rent in Hicksville

Groceries

• The U.S. Department of Labor estimates that the average American family of four spends $8,513 per year on groceries. That averages out to $709 per month in 2008!

Click below to read the article• https://www.longislandexchange.com/family/

glazing-over-the-grocery-bills/

Heating

• About two-thirds of Long Island homes are heated with oil. The average home uses about 880 gallons a year, according to the Oil Heat Institute of Long Island. The average cost now to fill a typical homeowner's 275-gallon tank is $1,195.

• Delivery every 1-2 months depending on the weather.

Clothing…

• Questions to ask yourself…• Where do you shop? Are you frugal and shop

at Target or must you buy designer clothes?

• How much will you need to spend on work clothes? The average cost for one suit (male or female is $250.00 each)

Transportation

• Will you own a car? What type of car?• A Honda Accord’s average cost per month is

$300.00

• The average cost to and from work in gas is $200.00 a month. That is not including gas for extra travel or maintenance such as oil change.

See the statistics for the costal areas!

• http://www.bls.gov/ro2/ce9805.htm