I am curious on how much others. who are in the same situation as me, should earn to live comfortably these days.
My situation would be
A couple in mid 30s, with a 2-year-old child, living in Sydney Eastern Suburb. We have a car and goes around mostly in our own car. Since our daughter have low immune system and gets sick easily, we try to avoid public transport as much as we can until she is older. currently budgeting for about 5k a month after tax depending on my overtime and no housing spending. I feel like every month we would spend more than that, sometimes up to 7K. just wondering if anyone else is in the same spot as we are.
My definition of comfortably would be
Roof over head (renting)
Own a car, and paying regular car expenses such as repayment, rego, etc
Can buy groceries without having to worry about price of each items.
Family dine out in the weekend, nothing fancy like Café Sydney or such.
Go to the movies maybe once a month?
Once a year holiday within Australia/Pacific or south-east Asia.
100-dollar worth of kids spending, toys, or kids show (Wiggle, high 5, etc) a month?
Health insurance for all 3 of us.
Can still save maybe about 500 a year?
It would be great if you guys can share your criteria of comfortably too in your replies.