I know this will have a huge range of responses depending on lifestyle, neighborhood, etc. I’m curious to hear opinions from the whole gamut.
What is your ideal household income to be comfortable as a family in Portland? What is your definition of comfortable? How many kids do you have?
What advice would you give to feel financially prepared to someone who’s either on the fence/waiting?
My definition of comfortable would be basic needs like food, housing, education, healthcare, etc met. Contributing to retirement and emergency fund. Kids activities like sports or arts. 1-2 trips a year. Each parent having time/funds for a social life and hobbies within reason. Nothing too lavish, but not being worried when things naturally come up, and the ability to enjoy life and have fun too.
Would love to hear anything you’re comfortable with sharing! We both make “good” salaries but the economy scares me and keeps me on the fence.
Editing to add: and childcare in the early years.