If I want to have 5 children, how much money should I make? Please help?

	If I want to have 5 children, how much money should I make? Please help? I want to have at least 5 children in the future, how much money should I make if I wanna live comfortably? I'm a guy btw and what jobs should I plan on doing? Asked By: SP123 - 9/30/2011

Best Answer - Chosen by Asker
For a child born in 2010, the cost estimate to raise a child in a middle-income household was $226,920 up to age 18. That works out to about $12,607/yr. Let's assume you have stair-steppers (one every 2 years). Year 1 & 2 = $25,214 Year 3 & 4 = $25,214 (2 children) Year 5 & 6 = $37.821 (3 children) Year 7 & 8 = $50,428 (4 children) Year 9 - 18 = $630,035 (5 children) [10 year span] Year 19-20 = $50,428 (4 children) Year 21-22 = $37,821 (3 children) Year 23-24 = $25,214 (2 children) Year 25-26 = $25,214 (1 remaining child) That totals $907,704 over 26 years which averages out to $34,912/yr. Now you have to factor in expenses for you and your spouse since, the dollar figure for the children is supposed to include housing. Therefore, I would assume an income of $60-75K could work, although it could be tight. More would be better. There wouldn't be any trips to Disney World and probably no college funding. The health professions currently pay the best: 1. Surgeons...$219,770 2. Anesthesiologists...$211,750 3. Oral & Maxillofacial Surgeons...$210,710 4. Orthodontists...$206,190 5. Obstetricians & Gynecologists...$204,470 6. Internists - General...$183,990 7. Physicians & Surgeons, Other...$173,860 8. Family & General Practitioners...$168,550 In the bare-bones, workable range, here's a sampling: College Professors - Area, Ethnic & Cultural Studies...$75,130 Database Administrators...$74,290 Commercial Pilots...$73,060 Chemists...$72,740 School Psychologists...$72,310 Managers/Supervisors of Municipal Fire Fighters...$71,680 Nuclear Medicine Technologists...$68,450 Elevator Installers & Repairers... $67,950 Dental Hygienists...$67,860 Accountants...$67,430 Registered Nurses...$66,530 Immigration & Customs Inspectors...$65,860 Nursery & Greenhouse Managers...$64,760 Arbitrators, Mediators & Conciliators...$63,250 Cost Estimators...$61,190 Funeral Directors... $60,390 You will also need to consider 1) the cost of training for a profession 2) how long it will take to reach the top of the profession 3) what are the current job-market prospects 4) location...location...location What your salary is actually worth depends on where you live. $60K annually will go a lot farther in Indianapolis than it will in NYC or Los Angeles. Answered By: rubybenubi - 9/30/2011

Additional Answers ()

There are 3 people in my house and we live on a $65,000 annual income. That's Australian dollars, which is more than American and less than English (I don't know where you're from). So 5 children would mean 7 people, if you plan on being a 2-parent family. Which means you'd need about twice that. Which is a lot of money. You'll need a very good job. Our house is tiny by the way, so if you want a big place, you'll need even more than that. Answered By: ♥ Ninja Robot ♥ - 10/3/2011

Having only 1 child at present, I can tell you kids are expensive. First of all your income is going to depend on whether you will rent or own a house, what that payment is, and if you will have one or two vehicles (presumably with your wife/partner, because you will definitely need one of those if you're having 5 kids). You'll probably need a house considering you need at least 4 bedrooms to make 5 kids plus you and partner work, and that's cramped conditions, and you'll want at least 3 bathrooms (especially if the kids are within 2 years of one another). Day care is going to cost the most, so plan on you or your spouse not working to raise/take care of the kids. My wife and I pay $500/mo for full time daycare and that's in suburban Kansas, not an expensive area. In DC/Jersey, we have friends who pay over $2000 a month for one child. Unless you or your spouse make millions, probably worthwhile to have one of you off work. My parents raised us pretty decently on $100,000/year for 3 kids, but you probably need more like $150,000 to be comfortable (and that's bare minimum in a humble suburb or working in a rurual area). Careers that generate that type of income: doctors, successful lawyers, business owners, engineers (later in career), architects, salespeople (corporate sales/mergers), stock brokers (although not lately). And even then you won't make that initially. I think doctors who work at hospitals (where the big bucks are) spend 4-6 years as residents/fellows making $60K-$100K/yr before making big money. The rest of the careers, save business owners, take years to grow into that pay. Furthermore business ownership has the highest risk of failure, but if you hit big you will be make big. Honestly it's a tough question to answer because you leave so many variables in the cost/location/quality of life you're looking for. Simply deciding you want five kids with nothing else considered is not a good idea. I had my career, partner, and house covered way before I considered children. Answered By: Fred - 9/30/2011

Its up to you what job you want to plan on doing and it also depends on your qualifications, I personally can't say what job you should plan on as I don't know you personally but I believe you would need to make 450-650 pounds a week to live comfortably and take care of everything such as food, clothing, bills, rent/mortgage etc Answered By: Wahid Uddin - 9/30/2011

My mother is a civil servant and my father is a taxi driver, neither are particularly prestigious or very well-paid jobs but they had 4 children and managed to live comfortably enough. Having a big family is financially difficult, but it's not like you'll be living in poverty if you have 5 kids and don't have an extremely well-paid job. Work hard at whatever you want to work at and when you do decide to have children, it will be hard but not impossible to afford a decent standard of living. Answered By: Ggg Hhh - 9/30/2011

Well something between the region of 450-600(at least) a week if possible! I know it seems a lot,but if you search hard for a good job(once you get your degree)it won't be too bad! But if you want a well-paid job,you will have to work hard.They'll be a lot of pressure on in collage. But remember,just do your best.Some people just can't get these extreme high-up jobs,so don't worry;) Here are a few weel-paid jobs: Account Lawyer Solicitor Civil Servant Bank work Male nurse Surgeon Something in Medicine is always good:) Physio therapist Hope that helps:) Answered By: Sunset♥ - 9/30/2011

Hi....money its the second issue you must be worried about. what about time or parenting....how much quality time you can have with them??? nothing bcs u been working all long day and maybe double shifts. why u need 5 children's !!!!!! .... and even if u like to have more than 2...... adaptions its the best thing you can do ...at list you don't add u reduce the world populations. Answered By: farina - 9/30/2011

Submit your answer or comment to this question

Other Career Questions

	What are some good baby names that start with H? Hey! What are some good baby names [ boy and girl ] that start with H? My cousin's wife is having and baby and he has given me the job of coming up with names for them to pick from! So please tell me any good [ not too werid ] baby names that start with H that you know. =) Thanks so very much! 12 answers - Asked By: Gemma B - 4/20/2010

	What is the craziest baby name you've ever heard? At one of my previous jobs we had a case where the kids were named Orangejello and Lemonjello. Orange jello and lemon jello!!!!! When my cousin gave birth there was a family there that just had a baby and named it Giant Squid! What are some of the insane baby names you've heard? I had a friend in high school named Star and her sisters were Sparkle and Glitter! 16 answers - Asked By: ♥New Mommy♥ - 7/1/2009

	What should we choose as a middle name for the baby? I'm helping someone figure out baby names and she doesn't know the sex of the baby yet. She's chosen between Rosalina for a girl and Matthew for a boy. What kind of middle names can you come up with? Think of as many as possible that sound nice. 12 answers - Asked By: Kim - 7/7/2007


Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo! Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Questions

	Is this normal for an interviewer to do this? So today I went in for an interview and I was going in for the 2nd interview by the head chief executive. now this is where it got weird, so she asked me about my previous jobs and said how much she liked that product over that product. then she started talking about her daughter? an her divorce ...then how she didn't finish college because she was making more money doing what she did for this company ... then she talked about how her teenage daughter is a handful... I just played it cool thinking she was using some sort of psychology thing to trick me into saying something stupid. the interview ended and she seemed happy an I was escorted to the door... now I'm freaking confused? is this normal behavior for an executive? like it felt like she was going to burst into tears at one point and tell me her life problems... is this normal? was she trying to see how I react or something? 6 answers - Asked By: Clone - 11/7/2012

	What do you say when they ask what you want to be paid? ? Wen you apply at a job and they ask how mch you want as a salary what do you say? 2 answers - Asked By: Colette - 11/24/2011

	How do I get a job with Dodgy work history and no experience? Basically- no degree, although I have tried completing one in the past and stopped because of physical and mental health issues which were overwhelming to deal with along with going to classes full time. I'm not stupid and I am quite articulate. I am 23 and have only worked for about two years retail in high school and stopped working to go to university. I worked a few months in 2010 retail after I dropped out but it was only a seasonal position, and the only reason why I have not been able to constantly work is because of mental health issues. I had also tried going back to community college during my free time since i left university in 2008/9 and I had panic attacks while in community college, which made my anxiety worse from then on. Well recently I met a good doctor and he prescribed me some meds that are stabilizing my moods and I feel the best I've felt in years, and I'm ready to work. Thing is, I don't know how to get a job now since I've spent literally years being depressed and anxious doing nothing. I don't really have anything to put on my resume, and I never finished my AA degree either. All I've done is cashiering and although I do the job well and I get promoted easily when I do these jobs because I'm a hard worker and I try to go above and beyond what they ask of me,which is the attitude I have no matter what kind of work I'm doing as long as I'm getting paid. But I hate cashiering because it's too easy and I want a job that is more interesting. Any suggestions for me on how to get a job that is NOT Retail with the type of background I have right now? I also realize I have to go to college to get certain types of jobs, I am talking about what I can do right here right now. 1 answer - Asked By: Alex Prieto - 10/14/2012

	Why honesty, hard work and dedication have no place at work? Recently I have overlooked for a project at work and I am unable to accept it why? I am hard working, dedicated, maintain a very professional decorum, very cordial with my colleagues and bosses, give respect to one and all. Still people who take the p***, argue with managers, gossip mongers have been selected for some very responsible positions at work. I seriously can't get my head around it why, why unprofessional people who have no work ethics being selected over me, whereas I have a track record of excellent performance and never shy away from any work my manager ask me to do? I am at my lowest point and not getting hold of my manager to ask the question why not me, why them who can't even bother? I am feeling like a complete loser, giving years to this place, building my performance, trust and this is how I get rewarded. Why my life is so shit, anything I wish for turns to dust? 1 answer - Asked By: network7 - 11/6/2012

	I have applied for over 100 jobs I have gotten no calls for a job interview, what can i do? As stated in my question I've applied for multiple jobs and gotten no job interview, you name a place I've applied there. I've said i will work ridiculous hours from like 12am to 5am and nothing. I've said I am willing to work weekends public holidays everything and I have gotten nothing back I am so desperate for money it's not funny. 9 answers - Asked By: Jamie - 1/9/2012

	What to wear to a job interview VS a career fair? So I have a nice white button up shirt, business skirt and pants, and a suit jacket. I'm applying for a software development job and I'm very short and can look young so I'm trying to look adult, yet professional. I'm also attractive so I'm trying not to look too sexy. For the career fair I'm thinking of wearing just my nice shirt and a skirt with low heels. My reasoning being it's approachable and attractive without going overboard since the career fair hosts are mostly younger male recent grads. I want to be remembered but not intimidating. For my interviews I was thinking pants, suit jacket (power suit). My reasoning being it'll be older execs and HR people (mostly women) so less sexy with the pants but more powerful with the suit jacket. What do you think?! 2 answers - Asked By: Beast - 9/23/2012

	Rate my resume please? I'm really having a hard time finding a job. I'm not sure why employers aren't contacting me :( I have about 4 years in expereince ( about 1 year of management) Well, here it is Jon smith Erlanger KY, USA Cell: +1-859-111-1111 E-mail:abc.def@outlook.com OBJECTIVE Obtain a position as a project manager/coordinator allowing me to utilize my administrative, organizational and problem-solving skills with a growing organization to mutually enhance growth of professional development and success. WORK EXPERIENCE ATS Jun 2012 – Apr 2013 Project Manager I: Managed projects development and staff in different divisions to achieve projects goals through practices of planning, executing and analyzing project-related tasks. Duties, responsibilities and contributions to assigned projects include the following: • Prepare and create project scopes, SWOT analysis reports and statements of work as assigned. • Visit anticipated project sites and create assessments for necessary work. • Analyze given scopes to assist engineers into reaching projects’ objectives. • Examine and manage available resources relating to materials and manpower. • Coordinate staff and arrange regular meetings. • Inspect daily operations and quality of products used on premise. • Implement solutions to resolve complex jobs relating to the project. • Manage and ensure that operations are executed in accordance to project scope and SOW. • Review and submit documents for projects deliverables/submittals and create schedules for subcontractors. • Document all events occurred during project life cycle and submit reports to senior management. Assigned Projects: 1- Conference Rooms IT/Multimedia Project Duration: Jun 2012 – Dec 2012 2- Military Base Renovation Project Duration: Aug 2012 – Aug 2013 AT&T / U-verse Division Oct 2011 – Feb 2012 Command Center Agent II: Applied knowledge to solve common and complex related issues to consumer’s services and devices. The position allowed for individual work at minimum supervision and within teams when necessary. Duties of the position included: •Provide phone/virtual support to internal and external customers. •Audit reports submitted by technicians and follow up with customers. •Implement and updated solutions within workflow system (WFE system). •Interact with IT department personnel to resolve common issues. •Provide assistance to first level support agents. •Maintain database and accounts for customers. Cleve’s Connections May 2009 – Nov 2010 IT Specialist: Provided hands-on and virtual administration for all IT related topics and managed sales for all devices and services. This included consulting, providing solutions, and improving efficiency for small businesses in design and security areas. Tasks performed while working included: • Resolve & close all open cases submitted by staff or customers. • Setup and manage user accounts through Active Directory. • Monitor network activities and logs and report system bugs, downtimes or crashes. • On-site maintenance and installation of network equipment and computer hardware/software. • Perform system setup operations and data backups as requested. • Create case analysis and audit reports given by technicians. • On-call support 24/7. EDUCATION • Devry University, Cincinnati OH Bachelor in Management Graduation: 2012 • Cincinnati State, Cincinnati OH Associate in Network Administration Graduation: Transfer 2010 To Andy: What does my Devry have to do with anything? for profit school? I'm not sure what college you graduated from, but in the real world experience weights more than a piece of paper stating you've completed few written assignments and imaginary projects. SMH! 3 answers - Asked By: Zaid I - 5/8/2013

	What career or jobs can i get after graduating Information Technology? I am currently a 1st year irregular college student taking I.T. I transferred schools and my majors never got credited. But it's okay because i am slowly getting the logics in programming in Java. This next semester i am taking a System Analysis and Design(SADSIGN) and i am getting nervous because even though i am pretty good at logics, i am not that good at coding. But since it is a case study, we will be on group, we will be four i think. Project manager, Analyst, Documentation, and the programmer. I am asking what jobs i can get after graduating I.T. because what if i graduated I.T. and still not that good at coding, i am hoping that there will be a jobs that will require less programming. Like Database manager or in Multimedia or in charge of Network. So is there jobs that doesn't require hardcore programming skills? 2 answers - Asked By: Jay p*e - 5/6/2013

	Which of these careers would I not have a problem getting a job in? Account Executive Hospitality Manager Sales Representative Editorial Assistant Advertising Manager Hotel Manager Personnel Specialist Writer/Author Association Administrator Presenter Special Events Coordinator Political Aide Promotions Manager Speech Writer Consumer Affairs Specialist Sportscaster Public Information Officer Communications Director Public Relations Specialist Radio/TV Announcer Technical Writer Telemarketing Specialist Customer Service Rep. Fund Raiser Training & Development Specialist Events Planner Flight Attendant Youth Worker Media Manager Recruiter Market Research Analyst Community Action Director Recreation/Attractions Manager Restaurant Manager Campaign Manager Development Director Script Writer Photojournalist Advertising Copywriter Museum Director Greeting Card Writer Production Assistant Actor, Mime Narrator Stage Manager Director Impersonator Make-up Artist Stunt Coordinator Booking Agent Talent Scout Drama Coach Stand-in Playwright Stage Manager Movie Theater Manager 2 answers - Asked By: Jolynn - 4/28/2013

	What jobs can you get from going to an engineering school? The question explains it, i am thinking of going to an engineering high school but of course it will focus on other stuff too but still. What kind of jobs can you get because i dont want to be a mechanic(no offence to any) but please help me! 2 answers - Asked By: hungergameslover - 5/13/2013

	What's the difference between computer science and computer engineering majors? Can someone tell me te difference between computer science and a computer engineering major. Is it the same? 2 answers - Asked By: Rosalva - 5/6/2013

	How can l find a job in the pharmacitical field as a sales and marketing manager,in south africa? L want to study medicine and work as a doctor but l am limited due to luck of required monyes. however l swtched on to anther career but still within my career interests as a care giver, but this is somthing to do with sales and marketing in the pharmcitical industry. 2 answers - Asked By: tonnydanabwembya - 12/24/2005

	What is the difference between a nurse practitioner and an ARNP? Is there any difference between a "nurse practitioner" and an "advanced registered nurse practitioner"? 1 answer - Asked By: lucysmom - 3/27/2006

	I'm an exellent welder/fabricator,does anyone out in Las vegas land have a job for me? 3 answers - Asked By: hubbard_billy - 2/24/2006

	How could I better prepare myself for a second interview? My second interview is on Monday and I want to be prepared. It's for an assistant controller position. I've already met with the controller and the hr manager. Monday I will be meeting with the president of the company. How could I prepare myself for Monday's interview? Thanks! Any comments would be great! 3 answers - Asked By: Virginia - 6/6/2009

	I want to become an Escrow Officer, does anyone know how to go about it? What kind of training will I need? I know that Escrow is within Title industry in Texas. What would be the best way to get my foot in the door. I am assuming I will have to start as an Escrow assistant and work my way up, but I would really like to find out more about this career path. How does an officer usually get licensed? Are there classes we need to take and exam to take? Any response is appreciated. 2 answers - Asked By: schang25 - 2/10/2006

	Are there any career in computers that doesn't involve code scripting? 1 answer - Asked By: Big D - 5/3/2013

	Web designer looking to jump into web producing at large agency. would love your advice!? I've always freelanced as a web designer and might have an opportunity to work at a large ad agency. sorta nervous about the culture and role, so I was wondering if I could solicit feedback about the type of strengths I might need to develop, ie., strong project management (learn to use basecamp!), etc. I've held jobs on the client side as a web marketing manager and before that freelanced -- but on the very small scale. anyone with similiar experiences or feedback I'd love to hear from you! 2 answers - Asked By: webguy - 2/11/2006

	How much do you tip an electrican? I have to get an electrican to fix an overloaded circuit and possible short. so do you tip and if so, how much? 4 answers - Asked By: speedlvr_8 - 12/29/2005

Monster Communities

Teaching Community: Where teachers meet and learn.
ArtBistro: Create and connect.
Excelle: Networking for the career-minded woman.
Nursing Link: Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships: Scholarships, financial aid and more ways to pay for school.
Education.org: Find top campus and online degree programs.
Military.com: Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid: Scholarships & financial aid.
Staffing for Government Jobs: Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You

If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate

Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.

Interviewing

100 Potential Interview Questions

Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary

Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Attracting Candidates

Facebook for Employers: Make Friends, Not Fans

Recruiting? Go where the talent is. See why recruiters have befriended social networks.

Employee Sourcing

Employment Index

November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

Interviewing Candidates

Improving Interview Skills: Learn from the Experts

What’s the key to a great interview? According to experts: Practice, practice, practice.

Workforce Planning

Enhance your Small Business Marketing Strategy with Social Media

Social media. It’s everywhere. But how can it help you? Learn how to utilize social media even monetize it.

For Seekers

Campus and Online Degrees: Advance your career and earn more with an online degree.
Free Salary Wizard: What are you worth? Find out and negotiate a better salary.
Research Careers: Get information on jobs and career paths to help guide your choices
Questions & Answers: Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service: Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services: Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network: Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks: Explore our background check packages to improve the quality of your hires.
Hiring Home Page: Find the best candidates for your business with Monster hiring solutions.
Job Postings: Find the right solution for your hiring needs. Starting at $99.
Power Resume Search: Monster's new search technology precisely matches people with your jobs.
Resource Center: Find staffing insights, labor trends, HR best practices and more.
Target Post: Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter: Find jobs in your area and industry.
Monster Careers: Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR: Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service: Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers: Find advice on hiring.
Follow Us: Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Are You An Employer?