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Reply to "Why do children get MORE expensive as they get older?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I guess the question is, how much older? My 7 year (almost 8) old second grader is much less expensive now than he was when we had to pay for daycare and diapers, even though he's in aftercare and goes to camp. But I guess the situation could easily change when he's 10, 12, or 15.[/quote] I agree with this. So far I am finding the early elementary age to be substantially less expensive than daycare. At the end of daycare it was $1500/month. I currently pay $325/month for before/aftercare. I had my child in one activity a season before, so that expense is the same, I still feed and clothe her, that hasn't changed. Camp is pricey for the weeks we need it, but at 6 weeks of camp at $400/week, I'm still only facing $2400 + $2925 for before/aftercare/year = $5325/year vs. $18000/year for daycare. I just don't see what activity we could add that would cost another $12k+/year. [/quote] Saving for college would eat that up.[/quote] We are saving for college. It's not a new expense and it hasn't changed, just like feeding my 4 year old was no more costly than feeding my now 7 year old, we've been doing it since our first was born. Again, our expenses, at least in the early elementary years, are substantially less than they were during the daycare years. [/quote]
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