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What is the minimum salary you have to get in order to provide for yourself? for a family?

I think that many of us take our homes as guaranteed, especially if our family still supports us. We don't realize how much money they use to support us. So, what is the salary we have to earn in order to live by ourselves? What is the salary we have to earn in order to sustain a family or 2? 3? .. #career #money #family #hom #financial-planninge #home

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Hope’s Answer

Hi, Tiffanie! Ben gave you a fantastic list. Remember the number is different depending on where you live and HOW you live. In addition to the list Ben mentioned, consider groups that offer free resources. For example, when I moved on my own, I volunteered for a nonprofit group that told me about another group that gave anyone a box of groceries every month for only $25/mo. The box had enough to feed me (just me) for a whole month. I didn't buy cable, but internet was a must. I limited myself to one new outfit every 2 weeks and only bought outfits that were classic and I knew I could match with a lot of other clothes. I bought toiletries in bulk when they were on sale. I also got tips from wealthy individuals about how they saved money. With Ben's list and a few ways to spend smart this should certainly get you started. Get ready for a great adventure!
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Gina’s Answer

Great question! It's wonderful that you're thinking ahead. Many students don't consider this, so you're already on the right track. Here's some advice for you. Your expenses can vary greatly depending on where you live, as costs for housing, transportation, food, insurance, and childcare can differ from one city to another.

If you're just starting out, don't worry about finding a "perfect" salary. Focus on understanding your personal needs instead. Begin by estimating your monthly expenses for rent, utilities, groceries, transportation, insurance, phone bill, student loans, savings, and some fun activities. Make sure your income can comfortably cover these costs.

For families, expenses increase a lot, especially with childcare, healthcare, a bigger home, food, and savings. Two families with the same salary might have very different financial situations depending on their location, children, debt, or childcare needs.

Here's a tip for any young student: instead of just asking, "How much will this career pay?" consider, "Will this career support the life I want?" Learning to budget, save, avoid unnecessary debt, and live within your means can be just as crucial as your salary. Keep up the great work!
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Jake’s Answer

Hey Tiffanie,

That a great question! Many people share the same concern as you. Check out the link I pasted below to find the minimum and the average incomes in each state. I hope this helps!

https://www.cnbc.com/2018/02/05/what-a-living-wage-would-be-in-every-us-state.html
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Marco’s Answer

As I do not know the costs of your state or country, I will give you tips on how to get the amounts of the supposed salary you need to earn for you and your family: make a spreadsheet considering your fixed costs in an apartment of the level you want to reach if you are in the beginning of your career, choose a small apartment, if you want to consider a family, consider a bigger apartment. Flat costs are monthly costs such as rent, water, electricity, telephone, fuel, car insurance, etc. Variable costs should also be considered, such as school enrollment, vacation trip, annual car repairs, birthday gifts, etc. In this way, you will find your annual costs and you will already be able to verify if the level of your costs will be compatible with the salary compatible with your proposals.
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Jacques’s Answer

You are asking for a precise financial number to define human survival and security, but money is merely an external tool whose quantity fluctuates based on geography, societal constructs, and the lifestyle you choose to maintain. To provide for yourself as a single adult in a major metropolitan area, the basic baseline for covering essential survival needs, housing, food, healthcare, and utilities, typically requires a salary around $58,000 to break even, whereas sustaining a family of three or four quickly elevates that required threshold to well over $100,000 to $130,000 annually simply to meet basic obligations like childcare and shelter without relying on external support. Yet, do not paralyze your mind by treating these figures as insurmountable barriers or sacred formulas for existence. The true burden is not merely the physical cost of food and shelter, but the psychological friction human beings create when they live in constant anxiety over future security rather than mastering their present capability. Realize the immense grace and effort that your family has poured into providing your home, drop the entitlement that takes these physical comforts for granted, and redirect your energy toward building unshakeable competence, discipline, and practical clarity. When you develop high capability and align your daily action with absolute focus, generating the financial resources required to sustain yourself and support a family becomes a natural, effortless outcome of your work rather than a source of constant internal fear.
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Ben’s Answer

Awesome question! To answer this question you have to ask yourself some questions?


How much do I have to pay per month in
-housing/rent
-food
-transportation costs
-utilities (electricity, water, etc.)
-internet costs
-phone bill
-cable tv(maybe)
-clothes
-toiletries (shampoo, toilet paper, tooth brush/paste, soap, etc)
-entertainment costs
-misc. costs.


Calculate the total amount and it should give a good estimate on how much money you want to ideally earn to support yourself and your family. When your living with your partner/spouse they will ideally help you pay the bills so the weight won't all be on your shoulders.


Hope this gets you thinking! Feel free to reach out in the comments if you have any further questions!
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