Average Monthly Salary for a Decent Living

[DonT]

Great Input from you guys. I have also the same opinion na around 50K net of taxes should be more than sufficient kapag including Rental and Mortgage.

The article mentioning 20K to 170K a month as middleclass is quite interesting. I would think na kapag more than 100K net mo monthly, you'll be on the next upper bracket na.

[DonT]

around 150-200K a month.

This is around 3,400 to 4,500 USD net income ...Medyo pang 1st world country decent living na ata ito. Anyway, to each his own. thanks sir.

[ritek]

sa 50k ok na basta wala kang binabayaran na malaki sa credit card.

[Memphis Raines]

I voted for 60k a month basing from the thread starters criteria.

That amount should also include your savings or a specific fixed amount that you put aside for the rainy days. Although some will say that "the higher, the better" I have always believed in adjusting your lifestyle in relation to your actual income. Sometimes it is always easy to make the mistake of not making some check and balance on the budget.

Ever since my we got married, we changed our style of saving by putting aside FIRST the intended amount for savings at the bank. Once that is cleared then the remaining money can be spent for whatever expenditures for that month.

I learned my lesson from my relatives who does the opposite by spending first then whatever remains will be put to savings. Usually this method is not very efficient if you are sincere in controlling your spending.

So you see, it's the little things that count

[sirmykel]

50k monthly is enough for a group of 4.

[HIFI]

Subjective talaga ito.

I have a relative....P60 to 70T monthly, 3 kids. Kulang pa raw. Maxed out ang mag credit cards. Ironic, dahil CPA Graduate pa ang wife. Puro kasi rich ang mga "friends" niya...ayun, nakiki-rich din ang lifestyle. Pagbalik sa bahay, ayun....walang pera.

Decent living...is spend within you means. Prioritize on what are "must have", and "nice to have".

[Syuryuken]

30K kasyang-kasya na dito sa province

[Horsepower]

DonT: sorry but I have no idea how much the min wage in the 1st world country is.

It's my answer because I want to help a lot of people (not exactly relatives).

[Gumusut_Amige]

very true yung previous post na pagtaas ng income ay sunod naman yung expenses. kaya kung kayang i-maintain yung expenses pag tumaas yung income ay ideal but easier said than done.
meron akong kaibigan na talagang frugal ang wifey... sa isang taon ay meron na siyang "claim savings" and makes really sure its gonna happen!
magkano ba dapat ang average expenses per child? para naman may idea yung meron more than 2 kids
a decent income for me = 50-60k/mo net

[_Qwerty_]

depende sa kids kung anong age na nila.. kung mga bata pa (under 4).. you have vaccines, milk, diapers to worry about.. pag nag aaral naman.. unless sa public mo papasukin.. private tuition fees can go up to 20T to 100T per child per year.