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General Parenting Discussion
Reply to "Child expenses argument "
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[quote=Anonymous]How old are the kids? Child care expenses start to take care of themselves by middle school. Depending on the school and what it offers, have the kids play a school sport each season. Those are much lower cost (or free for many public schools) and keeps the kids busy until 5-6 ish. They can also work as CIT or do online summer courses. Cheap local camps are also fine for now. Do a week or two of specialty camp. If you kids are already upper elementary, I would keep them in aftercare at school where they can get their homework done and then make a plan for after ES. Soon you will be done with a lot of childcare and camps altogether. Just take that same amount of money after you are done with these childcare expenses and put it in a 529 or other investment accounts. By college, you will have some savings. If you have always put away 28,000$ a year from your budget even when you don’t need childcare, you have that money to cash flow some of college. Just don’t let lifestyle creep eat into it so you don’t have it to spend on college. [/quote]
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