Reply to Daycare years: were you in the red?

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Reply to "Daycare years: were you in the red?"

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[quote=Anonymous][quote=Anonymous]Did not go into the red. We bought a fixer upper house that is cheap relative to our salaries, and have put off all but the most needed updates. Retirement savings have stayed on track and we manage to put some away in the 529s, but other savings have slowed down.

I wouldn’t say we are cheap, but we do try to spend in a value conscious way. Food comes from Aldi, kids clothes are hand me downs or Target/thrift, home repairs are focused on getting the best value for the money, and vacations are focused on what will make our young family the best memories instead of impressing Instagram. We bargained hard for our cars and plan to drive them for a decade or more. I wish we could get our monthly expenses lower but things like the cleaning service, the yard service, and occasional takeout or casual dining meals are must for two busy working parents.

I fully recognize the only reason we can stay on track for savings is we make a decently high income ($300k) and don’t live like it. It’s just not possible to spend $40k+ in after tax income and not have it take a hit on most salaries. [/quote]

Exactly- we have a similar HHI and I feel bad for those making less because it's so tight.  How do people making only $150-200k have kids, I don't know.[/quote]

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