Reply to controversial opinion: money & finances edition

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyone who makes $200k plus and is "scraping by" has poor judgment.[/quote]

So is having two kids poor judgment?  Because the average daycare in this area is $2,100.  Per child.  You can probably find a cheap nanny for $3k per month.  Let’s say your mortgage is at least $3k.  You also need to save at least $500 per month per kid in a 529.  This means you have $7k of fixed expenses and you probably bring home around $10k per month.

That being said, I waited until I was older to have kids and we make way more than 200k.  But I absolutely understand why once you have kids in this area it’s hard to get by on 200k and have anything leftover unless you want to live with your family in a one bedroom apartment, not save for college etc.  Having one parent quit working only helps in the short term and will screw you in retirement.

[/quote]

I don't think that $2100 / child is "average" for daycare in this area, FWIW.

- Pay $2800 / month total in a DC center for 2 kids.   [/quote]

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