Reply to Daycare years: were you in the red?

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[quote=Anonymous]So many are saying their expenses haven’t gone down that much with kids out of daycare, but I have felt like we have SO much more money now with 2 elementary school kids. At our highest point we were spending over 4K/month for 2 in daycare/preschool (approx 50k/year). Our kids are 2 years apart so there were a couple rough years.

Now we have arranged our schedules so we do not need aftercare (it helps that our kids’ school gets out around 4 and I work from home so I can meet the bus). But even so, $700/month for two kids in aftercare is only about $7k/year had we gone that route.

Right now, we pay for about 7-8 weeks of summer camps, averaging ~1k/week for 2 kids), which brings us to around $8k. Our kids do a few rec sports, so maybe another ~2k/year. Occasionally we do day off camps or get a date night sitter (less than ~3k/year). So our childcare expenses have literally dropped from 50k to $13k for 2 kids. It feels like we got a huge raise. And even if we paid for extended day we’d be at around $20k/year.

I’m sure in the teen years costs could pick up with orthodontics, more specialized activities, sleepaway camp, etc. But I don’t see how we’ll ever be spending close to 50k again. Maybe others have a lot more expenses for their kids?

And OP, to answer your question, we were never “in the red” but we certainly weren’t saving a ton or splurging on nice travel, etc. [/quote]

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