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Reply to "Why do children get MORE expensive as they get older?"
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[quote=Anonymous][quote=Anonymous]Wow. That escalated quickly. I guess it's either: 1. don't care about your kids at all and do nothing for them, versus 2. Spoil your kids rotten complete with silver spoons. :roll: Would it be fair to say that, on average, most people spend about 50-75% as much once they're out of daycare? So no, it's not a huge windfall, but it would be atypical to spend more? I'm not saying that anyone is "lying" but the fact of the matter is that the expenses for older kids involve a lot more transactions. Instead of writing one check for $3-4k per month for daycare, you're paying a bunch of different bills, extra food, more expensive clothes, etc. So I think it just feels like a lot more money because you're constantly spending it, but it doesn't total the amount that people pay for daycare and other baby/toddler items. [/quote] We experienced about a 1/3 savings once our kid enrolled in school. But we had cut back on retirement savings during the daycare years and hadn't started saving for college at all, so the real effect was much less. I had the opposite feeling; it feels like less money is going out the door because it's in small-ish quantities, but it's like the boiling frog when you realize how much everything is costing. Like anything with parenting, you just can't really imagine what the next stage is like until you get there, and for every joy that comes with a new age there are new and different challenges and choices.[/quote]
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