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Reply to "Would you take on this daycare expense?"
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[quote=Anonymous]We love the daycare we're currently using for our toddler and would like to have our new baby go there as well, but the monthly cost for both would be $2,400. Our current monthly take home is around $7,800 (after deductions for retirement, health insurance, FSAs, etc.) and our mortgage is $2,060/mo. Student loan payment is $238/mo. By my calculations, that leaves roughly $3,100/mo for food, clothing, utilities and everything else (no car payment) which feels very tight to me but I'll admit that I've never had a budget before and am not used to living frugally. With all that said, I'm seeking your advice. Would you take on this kind of budget for 2 adults and 2 young kids or would you try to find a less expensive daycare? Anyone else here currently living on a similar budget? Any and all tips from experienced belt-tighteners would be appreciated.[/quote]
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