*EDIT* Do you think a family of 3 can live off of $5,000 a month?

[Anonymous]

Dh and I both work full time jobs, i'll be quitting in January to be a SAHM and part time student. We have a mortgage, and a $200 monthly car payment.

Do you think it's possible? Have you done it? I want to continue my education, but I dont want to put my family in a bad spot. I am scared.

I don't understand why everyone has to be so rude....

I guess my main concern is my baby isn't born yet. I don't want to underestimate the cost of raising a child. Chill out, meanies.

Yes. This is $5,000 after taxes.

No, we do not have debt.

We live in New Mexico. Cost of living isn't too crazy here.

[Anonymous 2]

After taxes

I sure as hell hope so. Damn.

[MommyTo5Boys]

Of course it is (depending on where you live). 

We went for a period of time, a hard period but never the less, as a family of 5 living on $1,200/mo.

It's hard but doable if you plan right :)

[CarlaMarie1978]

I could easily survive with that and my dh and I have 5 kids. If you are worried it's seriously time to look at your finances and see where that money is all going.

[Danesmommy1]

Definitely.

[Bird_on_a_wire]

Easily.

[Anonymous 4]

I'm not bragging by any means, this was a hard time in my life where we really scrimped and saved, but my family of 4 has lived off of $1,200 a month.

[Rachael-Dawn]

My family of 6 is living fine on 4. You should be fine.

[ShoeStrings]

DH makes a lot less than that and I've been a sahm/student for the past 5 years. I just graduated and start grad school in the fall, so we will be doing it for a while longer. Although this time I do have a part-time GA position it will only bring in $1,000 a month.

[GraysonsMom_]

Absolutely. My family is of 3 and we live off barely $2000 and are doing just fine.

[almburr]

What is your cost of living? How much is your house payment?

Where we live we could easily live on that comfortably.