Reply to If you make 500-600k range and are married with kids

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Mortgage - $6600
Daycare (2 Kids) - $3500
Nanny - $6500

Those are the largest monthly expenses, but of course there are many others...waiting until all 3 kids age out of daycare. [/quote]
You pay your nanny $78K/yr?[/quote]

Yes, $25/hr for 55 hours a week plus insurance. It's a lot but the going rate for professional nannies . She cares for a baby and then shuttles 2 kids under 5 to activities, does the laundry, prepares dinner, etc. definitely a luxury but it allows us both to work and spend more time with the kids.[/quote]

Why in the world do you have 2 kids in daycare on top of that??? We too had a nanny (not for $25/he either!) and sent our kids to a PT preschool 3 days a week before they started K. Despite that my 2nd grader is reading at a 4th grade level and my 6th grader is in AAP, fluent in German, and taking Algebra 1. Why in they neck are you warehousing your older children in a institution when you have options?[/quote]

Obviously, i don't think i'm 'warehousing' my kinds in an 'institution'. They're in a school they really enjoy and we think it's good for them. Are we approaching things in a way to minimize our spend - no we're not - but we think this is a good set-up for us and we're fortunate to be able to do it.[/quote]

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