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Reply to "Average monthly cost of having one child?"
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[quote=Anonymous]for a look ahead: Combined monthly costs for my two girls, ages 6 and 10: Childcare: $100 (I have a flexible schedule and pick up most days, this is for the occasional babysitter when I have to work longer). Aftercare at our school is roughly $250/month per child for five days a week. Activities during the school year: $800/month. These are not necessary and we do not do any kind of competitive sports or travel team. We do have a child with a passion for music and that is almost half of this. Most group activities (e.g., dance, gymnastics, or art lessons) cost about $20-30/session. Private music lessons cost about $45/session. Summer camp: $500/week, usually including either aftercare or a transportation fee. We do 6 weeks but our summer break is 9 weeks so you need to determine how much coverage you will need. Sleep-away camp is $1000/week. There are less expensive options available but I choose to pay for convenience here. Clothes/shoes: It varies and I shop sales, but I am guessing it averages out to $150/month but spent in lumpy amounts in the fall and spring. We spend significantly less on our younger daughter because she gets hand-me downs but she still needs new shoes and often new shirts because those sometimes cannot be handed down. We generally manage winter and spring breaks by taking time off, but I have a flexible schedule and a lot of leave, so that may not work for all. Camp costs during winter and spring break are the same as summer. [/quote]
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