I'm friends with a married couple who's got one kid, planning on having more. Husband works in tech, wife doesn't work. Their finances end up looking a lot like mine, except they live in an area of Palo Alto where my rent gets them a decent-sized apartment. (Both I and they are saving for retirement.)
$30k goes to taxes
$30k goes to family housing, unless it's a trailer park
probably about $10k goes/will go eventually to things like soccer, music, other misc kids stuff, unless you decide to punt on after-school development
the remaining $2.5k/month goes to food and clothing for 3 and I guess retirement savings? We also leave out cars, gas, vacations, cellphones, saving for college, etc etc.
There is not a chance to ever buy any housing in this area on that. I also don't see much room for more kids. Sounds like barely covering living expenses.
We live in a world where a lot of people are still living on $2 a day or less. And you consider $10k/year on soccer and music lessons a necessary living expense? Gimmie a break.
