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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]I see this all the time too. I get it - they eat more, clothing is more expensive, and activities plus before care/aftercare - however, I still have a hard time believing I'll be paying as much as daycare. [/quote] That's because you haven'the experienced it yet. If people actually living it don't convince you, you'Lloyd have to wait and see. We didn't save money the expenses just moved around.[/quote] Let's see the numbers. Here are mine. First year of life: Maternity leave - $10k Nanny share - $2200/month (this includes payroll, workers comp, bonuses, etc) Formula in the first year - $1000 Breastfeeding supplies and lactation consultant in first year: $1000 Baby stuff - $1000/year Backup childcare - $100/month (average) total = $34,600 Kindergarten: Aftercare and camp: $500/mo Food: $150/mo (likely overestimate, includes school lunch) Decorating and furnishing "big boy" room: $1000 Class (we do 1 at a time): $100/mo (est) Amazon videos and toys: $50/month Clothes: $50/month (est - we get used school uniforms) One plane ticket and train ticket/year for vacations: $600 Total = $11800 Some of the savings will go into college savings, but that's elastic (we can scale back if need be.) [/quote]
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