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[quote=Anonymous][quote=Anonymous]I'm sure I'll be flamed for being incredibly naive, but an honest practical answer would be really appreciated!! Everyone says kids are incredibly expensive, but can you tell me where these costs come in? We have a very decent HHI so I'm not worried if it is as expensive as people say, but I'm having trouble seeing where all the money goes. Some basics... we believe strongly in public schools and universities. We'll have a 529 and strongly encourage DCs to attend a state university, unless they have significant scholarships elsewhere. We won't send them to private schools for elementary/high school unless there is a REALLY special circumstance, which I'm aware could happen, but let's assume for this conversation there will be no private tuition bills. I work from home now and have very flexible hours, I'll probably drop some work once we have kids to be part-time and able to spend more time with the kids. My in-laws live 45 minutes away and are desperate for grandchildren and will be a good source of child care. We might hire a part-time nanny for 2-3 days a week. So, aside from tuition and child care, what are the major expenses? Food? Activities? Diapers? I know little things add up but I'm having trouble seeing how these things can amount to a significant burden.... Please open my eyes! How much do you spend per month, minus tuition and child care? [/quote] Id say childcare is the biggest. I pay over 3k a month for two kids right now. If I had free childcare through grandparents, that would huge.[/quote]
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