Reply to so who actually shops at Bloomingdales? Stays at 4/5 star resorts for $1000/night?

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Reply to "so who actually shops at Bloomingdales? Stays at 4/5 star resorts for $1000/night?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
i guess the moral of the story is that you can't under estimate how expensive kids really are. 
When I was in my 20's I went to Europe a lot and stayed in low end hotels or hostels.  Now a trip to Europe is a giant expense because airfare alone for 5 people is $5K.  Instead of buying fish and chips for one, we're feeding 5. 
It's remarkable how you can earn what by standard is a great income ($400K) and still be no where near being able to afford luxury goods (aside from an occasional anniversary-type splurge).  Sure, i could buy the $3K handbag.  I have the money in the bank. 
but it will stress me out because I have 3 looming college tutions, and then there is grad school......

Kids just suck up an unbelievable amount of money.   My oldest son is turning out to be a great soccer player who is crazy obsessed with the game (4th grade).  He plays travel soccer.  Our local program just cost us $3500 (all fees, tournaments, required winter training, required week of summer camp etc) for this year.  And we didn't go 
looking for the most expensive, high end program.  He just tried out for the travel team of our rec league and suddenly we're paying $3500 over the course of the next 12 months.  Our youngest loves the piano.  So we're paying weekly lessons.  
At $36/week plus recital that's another $2K/year.   It just all adds up and so our baseline lifestyle remains unchanged from what it was 10 years ago. 
We're making a very respectable income (which I and the government and just about everyone on the planet would actually say is a HIGH income) and splurges are few and very far between.    
[/quote]

I hope when the college tuition bubble crashes so does this idea that parents have to fund every cent of their children's education. You would seriously pay for grad school on top of college? Sorry. Not happening in my house. At a certain point I'm done bleeding out because you want 3 degrees. Perhaps covering one makes sense but funding advanced education for Masters and PhD's as parents seems nuts. [/quote]

+1
Why would you pay for grad school?  It's paid for by being a Research assistant or teaching assistant. Mine was free. If your child gets a degree where this doesn't happen, I'd make him pay. I'm saving for my kids college but that's it. [/quote]

Think med school or other professional schools. 
Federal loans don't begin to cover the cost these days and most kids are self (i.e. parent) pay. [/quote]

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