Reply to How much should a family be making to afford to raise 2 children in this area?

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[quote=Anonymous][quote=Anonymous]I think the biggest shock for most young families is the cost of childcare. The daycares associated with the various federal offices downtown charge almost $2k/month for an infant. Most other reputable childcare centers in the district are going to charge you between $1.5K and $2K/month for full-time care, and if you have a nanny, you can expect to pay between $17-$25/hour depending on her experience, driving ability, one vs two kids, etc. Private schools in DC charge between $30K and $40K/year, not including summer camps.

The other stuff, like housing, is also expensive, of course. But it's really the cost of quality childcare, IMHO, that throws new parents for a loop.[/quote]

Personally I think there's another shock equal to the childcare shock, and that's the college savings issue... we've never paid for childcare because I pay home (and even have family to help with most babysitting), but the amount we *should* be saving for college per kid per month is huge.  Go to any online calculator for this (for example the VA 529 site has a good one) and prepare to be shocked!![/quote]

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