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When you do have kids let's revisit this topic because you'll then understand how much they truly cost.
Car payments? Yeah going out and buying a 5 year sedan is great and all - IF you have the cash to do so - most regional pilots don't. If each spouse has a $5000 car the payments are going to be around $200 a month total. Add $100 a month for insurance for both. Like most everybody else I have student loans. I think mine are a little lower than most but let's use my payment of $195/month. If both spouses have one there's another $400 a month. What does food cost for a young family of 4?? Let's say $100 a week - which is on the very low side. Depending on how far you drive to work there's another $190 a month for gas(1 16 gal fill up each week for each car at $1.50 a gal). . .what would be a fair estimate of a 4 bedroom apartment "in the slums" up that direction??? $650 a month? Add utilities, clothes, 'stuff' for the kids, etc. etc. etc. Don't forget you have to save some for when you WILL get furloughed and/or on strike. . . I bet it's getting close to maybe about $3000 - with two people bringing home $400 a week that's cutting it awful close. Is it impossible? No. Do people do it everyday? Yes. But add in a couple of unexpected bills or anything above the most very basic expenses I outlined and the young airline family is screwed.
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I do understand what it costs to have children. If I had any I wouldn't have decided to become a professional pilot: There's no way I could have afforded it!
I'm also not talking about two $5000 cars. I'm talking about two $2500 cars at the most. I've got a '95 Subaru Legacy AWD wagon with just over 100,000 on it that I picked up for $2200. It took a lot of searching, but we found it. My wife's car is a '96 Buick Century with just over 100,000 miles and we got it for $2600. Same thing - it took a good three weeks to find it, but we did. In the past we've looked hard and found great sub-$1000 cars that ran for years and only needed a few hundred dollars in repairs while we had them.
When you add in all of the other costs outlined in the quote above, you're in the category of folks who should probably not look at flying professionally any time soon. Instead, find another job that will cover your costs, fly for fun on the weekends, and think about getting a flying gig when you can afford to make the transition. The industry is wicked rough and if you carry that kind of monetary commitment, your setting yourself up to get burned.
While I'm on my soapbox, I just have to ask: what the heck does anyone need a $400,000 house for anyway?! Why does our society measure success by the value of a person's cars, homes, property, and clothes? I have a lot of friends who are 'successful' but unhappy as all get out. They spend every waking minute paying for their success at work and never have the chance to enjoy life. As soon as they get a raise, they're buying more stuff, getting a newer, bigger, more expensive house, and still working just as much. What's wrong with having enough? Why is everyone so intent on having excess? My wife and I live very simply. She's a massage therapist who is currently working at Pier 1 (thanks to our cross-country move last September . . .
), I'm an ex-photographer/carpenter turned flight student. We've got plenty of perks (expensive bicycles, camera gear, skis . . . ), but we've also worked hard to cut out the unfullfilling excess. And trust me, if we can do it, ANYONE can! When it comes to survival and getting what you need, $34,000 should be plenty.
Are pilots worth more than they are paid? ABSOLUTELY! Are pilots underappreciated? HECK YES! But, especially for those of us training in the post-9/11 era, we know the score before we log our first hour. It's something that we should be doing because we love it and know that we're going to have to make serious sacrifices to catch our dreams. It's hard, at times it sucks, and we have a right to complain. Infact, we have every right to try and change the way we're compensated and treated. In the meantime, however, we'd be crazy not to live within our means.
We knew what we were getting into if we did even the bare minimum of research . . .