11 Best Budget for Family of 4 Making 60K Tips & Strategies

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Looking for tips on how to budget for family of 4 making 60k?

Despite improvements in the economy, many people still struggle to provide for their families.

After all, between skyrocketing healthcare costs, food prices, clothes for the kids and much more, everything seems to be going up faster than our salaries.

But believe it or not, a budget for family of 4 making 60K doesn’t have to eliminate everything you love. It also doesn’t have to take you deep into debt or force you to take on 2nd jobs just to make ends meet.

You can provide for your family AND make sure everyone’s needs are met. You just need a roadmap.

In this post, we’re diving deep into the world of budgeting. We’ll look at the top questions families making 60K a year have on budgeting, talk about different budgeting methods and the average amounts families just like yours are spending each month.

Specifically, though, we’re looking at exactly how to budget for family of 4 making 60K a year.

How much does it cost to feed a family of 4?

According to the USDA, the food costs in a budget for family of 4 making 60K ranges from $128.90/week on the low end, up to $295.30.

They break that out by the age of the kids and 4 different cost levels.

Of course, the age of your kids and the state you live in will change those numbers a lot. Feeding 2 hungry teenagers in California or New York? Expect to be at the top end of that range.

Most of us, however, will probably fall right down the middle of those ranges.

What is the average grocery bill for a family of 4?

My family is now a family of 5 with the addition of my newest daughter born in Nov 2017.

That being said, our grocery budget hasn’t changed that much since her birth. Currently, we spend $160/week on groceries for our family.

But when money was tight a few years back, we spent about half that.


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How much money does a family of 4 need?

As I mentioned above, what state or country you live in will affect this number greatly. Thus there isn’t a one-size-fits-all number I can give you.

Live in a small town in Texas? You probably need at least $55,000 for a family of 4 to live comfortably. However, in the Bay Area, that number will probably triple and the lifestyle will be less lavish.

Thankfully, the Economic Policy Institute has a Family Budget Calculator.

The calculator allows you to plug in where you live and how many adults and kids live in the household.

While I couldn’t find my city (Wimberley, which is outside of Austin), I was able to find my county.

It showed that we needed to make just under $100,000/year

Luckily (since we don’t make that much) some of the expenses they listed (childcare for instance) aren’t necessary for us. But it’s a great place to start.

If you are starting to wonder if your family can make it on your current income, I highly recommend you take a moment and check out all the ways you can Earn Extra Money on the Side.

Many can be done from home and don’t take tons of time.

What is the poverty level for a family of 4?

According to the U.S. Department of Health and Human Services, the poverty level for a family of 4 is $25,100 in the lower 48 states

Hawaii is slightly higher at $28,870 and Alaska comes in at $31,380.

Thus, if your family of 4 makes that or less each year, you are technically classified at the poverty level.

Luckily, if you do fall into that boat, there are programs available to help you including:

  • Head Start
  • The Supplemental Nutrition Assistance Program (SNAP)
  • The National School Lunch Program
  • The Low-Income Home Energy Assistance Program
  • The Children’s Health Insurance Program

You can learn more about the Federal poverty levels and program eligibility on the government’s FAQ page.

What is the 50 20 30 budget?

A variation of the 50-30-20 budget, this is one of the more popular types of budgets you can do.

Essentially with the 50-30-20 rule, you put 50 percent of your income toward basic household expenses; mortgage/rent, utilities, etc. Then you put 20 percent towards long-term financial goals such as paying off debt and saving for retirement.

Lastly, thirty percent of your income goes towards more frivolous expenses, like eating out, vacations, etc. In the 50 20 30 budget, those last 2 categories get flip-flopped.

If you’re totally new to budgeting this could be a good place to start with the ease of it makes it accessible to even the most math-challenged among us.

Personally, I’m not a huge fan of it, especially for a budget for family of 4 making 60K.

For starters, I think if you’re broke or deeply in debt, 50% is too much to allocate to household expenses. I also think the other categories should be on hold until you clean up the mess.

But if it gets you started on learning how to budget money on low income that’s vastly superior to NOT getting started.

If your income is too low or your expenses too high, you’ll never succeed financially or otherwise.  For a detailed plan of what to do when you’re Budgeting When Broke, take a moment and review my post on that to help get you started.

Family of 4 budget worksheet

budget for family of 4 making 60K free budget spreadsheet banner Middle Class Dad

My budget worksheet is a great way to get your budget for family of 4 making 60K going.

Download a copy of my budget, for FREE, right now. It’s simple to use and totally customizable.

It lets you plug in all your known expenses for the month as well as all the known income and it does the math for you and shows you the balance.

Then just watch my simple Excel budget YouTube tutorial to walk you through setting it up for your family.

So let’s recap my . . . 

11 Best Budget for Family of 4 Making 60K Tips & Strategies

1. Try and keep your weekly grocery budget at or under $140

When trying to craft your budget for family of 4 making 60K, it’s essential that you keep your grocery bill in check. These are my best tips:

  • Use your store’s coupon app to save and look for deals before you go shopping so you know what to get
  • Always make a list; that way you aren’t grabbing everything that looks good
  • Use a calculator on your phone to tally as you go to stay in budget
  • Don’t shop while you’re hungry; I guarantee you will end up with too much stuff

2. Eliminate cable TV

Get the top-rated digital antenna from Amazon for under 30 bucks, or get a Roku stick and stream Amazon Prime, Netflix, Hulu, and other similar channels.

Don’t have Amazon Prime? It’s got tons of channels, movies, and TV shows. Try Amazon Prime free for 30 days! You’ll also get their famous free 2-day shipping on all qualified purchases.

3. Use a monthly budget spreadsheet each month

The budget is your key to being intentional with your hard-earned money.

This way you are in control of when, where, if, and how you spend it.

If you simply reach for the debit card or credit card every time you get tempted and your spouse does the same thing, there’s almost no way to keep your budget for family of 4 making 60K successful, and you’ll almost never succeed financially in the long term.

Get a FREE Copy of my Customizable Budget today and start saving your financial future tomorrow.

4. Pay cash for expenses other than bills

Cash is king! I know it seems old-fashioned to not use a credit or debit card when you buy food, gas, groceries or pay for entertainment.

But when you pay in cash, you WILL spend less.

You see when you give yourself an allowance for those things and you see the bills flying out of your wallet, it causes you to think about and scrutinize these purchases in a way you never will just reaching for plastic.

Get all the details on just how easy it is to set up your Cash Envelope System in one of my most pinned Pinterest posts.

5. Use the app TRIM to automatically get savings & discounts for things you’re already buying

The app Trim automatically looks at your monthly bills & spending and then cross-checks that with savings programs almost all vendors have.

When they match up, you save. They’ll even handle the hassle of canceling memberships you no longer want or renegotiate bills for you like insurance and cable bills.

Just sign up and spend on your Visa card and earn automatic savings back on your statement!

6. Sign Up for Bill Expertz

I just signed up with BillXpertz. They negotiate with the bill companies of your choice. If they can lower your payments, they take a small percentage of the savings. If they can’t reduce your bills, it costs you nothing.

In my case, they cut my monthly phone bill by $30 bucks a month and all that cost me was a one-time payment of $13 bucks!’

Talk about easy money! Check out BillXperts and see if they can’t save you money too. Some folks have saved thousands!

7. Use a Family Budget Calculator to see what typical household expenses are in your area.

Everyone’s household situation is different so you can’t quite compare apples to apples.

But if you run the numbers on their Family Budget Calculator and see your spending is way off in a certain category, that’s a good place to start cutting back.

8. Raise your insurance deductibles

It might seem counter-intuitive, but I personally liked to have my insurance deductibles as high as possible.

After all, insurance is designed as something you hopefully rarely if ever use (especially home and auto).

The higher your deductible, the lower your monthly or annual payments will be on the coverage.

9. Have an emergency fund

If you’re nervous about having a $2000 auto or home deductible, I don’t blame you.

That’s why my family has an emergency fund of between 3 and 6 months of our household expenses in our savings. That way if we need it, it’s there.

Don’t have an emergency fund built yet?

I highly recommend you get started, so check out my highly shared post that walks you through exactly how to set one up.

You probably want to wait to raise deductibles until you have that cushion. Alternately, if you trust your discipline, you could have a credit card set aside for emergencies only.

But personally, I don’t use credit cards and love having our emergency fund easy to reach in the bank when we need it.

budget for family of 4 making 60K artist rendering of a middle class house and car with a sky of dollar bills in the background Middle Class Dad

10. Start a side hustle

A side hustle doesn’t have to mean delivering pizzas or flipping burgers.

This is the modern age.

There are loads of jobs you can do in just a few hours a week that can add anywhere from a few hundred dollars to a few thousand dollars extra on top of your regular income.

Aside from the ideas I listed above, one of my top suggestions is for you to Start Your Own Blog.

Blogging, done right, allows you to help thousands (maybe tens or hundreds of thousands) of people and add extra income and can be done anywhere your laptop (or desktop) can get internet service.

And you can work on it whenever you want to; no more trading time for money!

11. Consider a long-term career change

In some cities and states, a budget for family of 4 making 60k works great.

However, if you’re in a bustling metropolitan area like Austin, New York, San Francisco or other similar areas, you’re likely finding it very hard to get ahead.

Thus, while you apply the above strategies, it’s also a great idea to think about long-term career options that can get the household salary up closer to 6 figures.

After all, healthcare and other expenses are likely to continue to go up at several times the rate of wage growth.

Thus, like many across the globe, you’ll continue to see less and less disposable income left over after paying the bills unless you take charge of your future now.


One great way to jump-start a possible new career is to master the accounting software QuickBooks.

Many people, who aren’t CPA’s or certified financial planners make a full-time income doing part-time accounting world for clients. List your services on sites like Fiverr and you don’t even have to get clients who are local to you.

Master Quick Books the easy way with the #1 QuickBooks Training on the Web; The QuickBooks University! Just click the link to watch some free videos to learn more.


Did I cover all the budget for family of 4 making 60k tips you wanted?

In this post, we took an in-depth look at family budgets.

We explored different ways of budgeting and answered all the top questions around making a budget work for a family of 4.

Specifically, we walked through exactly how to budget for family of 4 making 60K a year.

That way you can quit sweating the bills and get back to enjoying life. Budgeting isn’t hard and doesn’t take hours of time. It’s simply being intentional with your hard earned dollars so that they get spent exactly how you want them to be spent.

The app Trim automatically looks at your monthly bills & spending and then cross-checks that with savings programs almost all vendors have. It’s the perfect way to add a few extra bucks to your monthly budget!

When they match up, you save. They’ll even handle the hassle of canceling memberships you no longer want or renegotiate bills for you like insurance and cable bills.

Just sign up and spend on your Visa card and earn automatic savings back on your statement!

What has been your greatest budgeting challenge?

If you like this post, please follow my Budgeting board on Pinterest for more great tips from myself and top budgeting experts!

budget for family of 4 making 60K Jeff Campbell bio Middle Class Dad

While I have years of successful financial & budgeting experience and run several million dollar businesses and handled the accounting, P&L and been responsible for the financial assets of them, I am not an accountant or CPA. Like all my posts, my posts are my opinons based on my own experience, observations, research and mistakes. While I believe all my personal finance posts to be thorough, accurate and well-researched, if you need financial advice, you should seek out a qualified professional in your area.

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