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re: When are kids most expensive?

Posted on 7/8/14 at 10:25 am to
Posted by TexasTiger89
Houston, TX
Member since Feb 2005
24930 posts
Posted on 7/8/14 at 10:25 am to
College
Posted by CharlesLSU
Member since Jan 2007
32360 posts
Posted on 7/8/14 at 10:26 am to
quote:

quote:1,000 a month God damn man.


We're paying our nanny $2000/month. $250/week is very typical of a reputable facility.
Posted by yellowfin
Coastal Bar
Member since May 2006
98130 posts
Posted on 7/8/14 at 10:26 am to
quote:

Yeah babies are super cheap until you take into account the opportunity costs of mama not working.
unless she wouldn't work without kids either
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 7/8/14 at 10:35 am to
quote:

The cheapest schools in New Orleans are like 8k and they'll only go up


I figure my pay will go up with inflation, so I'm not concerned if that number needs to grow. I'm just going off of what costs are now. If I can afford it now, I figure I can afford it in 5-10 years when I'll need to pay it as hopefully I'll be making more.

And I would say the average school in NOLA is between 8-9k. Not just the cheapest ones.
Posted by dsloane
Mt. Juliet, TN
Member since Jul 2004
281 posts
Posted on 7/8/14 at 10:38 am to
Man I hope it's 5 and under. I get an $18,000/yr. raise when my 2 kids finish daycare. I think the real test is whether your kids can get a free ride in college or not. I shutter to think what the cost of a 4 year education is going to be in 10-15 years.
Posted by CharlesLSU
Member since Jan 2007
32360 posts
Posted on 7/8/14 at 10:40 am to
quote:

Man I hope it's 5 and under. I get an $18,000/yr. raise when my 2 kids finish daycare. I think the real test is whether your kids can get a free ride in college or not. I shutter to think what the cost of a 4 year education is going to be in 10-15 years.



If you live in Louisiana, you will not see a raise......private education is rough. I live in Texas.....
Posted by Meatball
Member since Sep 2009
4990 posts
Posted on 7/8/14 at 10:45 am to
Teenagers are expensive! My son is 14 years old and is about to be a freshmen in HS. He plays travel baseball, metro baseball, and will be trying out for HS baseball. All of that cost money. He's about to get his braces off and that is about $5,000. He will be driving in a couple years so that's another expense. Not to mention clothes, money to go to dances, and other activities. I don't think that I can honestly put a dollar figure on everything we spend on him. But I don't regret one penny. We will do the same for my daughter. It's all part of having kids.
Posted by Feral
Member since Mar 2012
12573 posts
Posted on 7/8/14 at 11:11 am to
quote:

I've said this before but besides daycare babies/toddlers are cheap.


I love how people say this. Yeah, except for that mortgage-esque daycare payment and consistent costs of diapers, formula, and constant trips to the doctor, babies/toddlers are cheap.

That's pretty much like saying "except for my house, phone, car, and student loan payments, I don't have any debt!"
This post was edited on 7/8/14 at 11:13 am
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15112 posts
Posted on 7/8/14 at 11:18 am to
quote:

Feral

?
quote:

mortgage-esque daycare payment

Babies don't go to daycare; our preschool tuition is about 1/3 the cost of the mortgage.
quote:

consistent costs of diapers

So $150 or so upfront, plus whatever the laundry detergent costs?
quote:

formula

You mean breast milk?
quote:

constant trips to the doctor

OMG, a $10 copay!
quote:

babies/toddlers are cheap

You're right. What I should have said is, "babies/toddlers are cheap, unless you actively go out of your way to make them as expensive as possible."
quote:

"except for my house, phone, car, and student loan payments, I don't have any debt!"
You took out a loan to pay for your phone? Sounds like you need to click over to the money board. They can help you there.
This post was edited on 7/8/14 at 11:20 am
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
91238 posts
Posted on 7/8/14 at 11:23 am to
quote:

can't imagine how a teenager going to public school could cost more.


My youngest are 21 - Mrs. Midnight did the math a few years back - the "free" public education cost us, give or take, and average of about $1,000, per year, per child - that was money that went to the school for various reasons, lunch money, etc, plus school supplies and uniforms. This also covers their graduation/prom expenses.

That was NOT scouting money, non-school sports team money, band instruments, dance class, and other hard charges for their activities during that time - nor does that cover their utility expenses, food they ate at home.

My best estimate is that - for school-aged children, from birth to high school graduation - is, give or take $4,500 to $5,000 per child, per year(assuming public school) - although that is probably lower per child as the number of children goes up (ecomony of scale, better utilization of hand me downs, etc.)

Your mileage may vary.
This post was edited on 7/8/14 at 11:24 am
Posted by LSUfonte
South Texas
Member since Jan 2004
7678 posts
Posted on 7/8/14 at 11:26 am to
quote:

So $150 or so upfront, plus whatever the laundry detergent costs?


quote:

You mean breast milk?


quote:

OMG, a $10 copay!




I think we married the same person!
Posted by yellowfin
Coastal Bar
Member since May 2006
98130 posts
Posted on 7/8/14 at 11:28 am to
quote:

I love how people say this. Yeah, except for that mortgage-esque daycare payment and consistent costs of diapers, formula, and constant trips to the doctor, babies/toddlers are cheap.



My wife raises our kids so I don't pay daycare

a month's worth of diapers is what $60?

breast feed

$15 copay

yes....cheap
Posted by dnm3305
Member since Feb 2009
13951 posts
Posted on 7/8/14 at 11:38 am to
quote:

A one time expense that can easily cost you 30-50K


That is a product of how spoiled they are (the woman is) and is a direct reflection on the parents and the way they were raised. Anyone that has a >30k (or really >20k) is insane.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
91238 posts
Posted on 7/8/14 at 12:11 pm to
quote:

Anyone that has a >30k (or really >20k) is insane.


$10k is more than enough to do a reasonable wedding - I budgeted $5k for each because that is what I could commit to without borrowing money, so, I'm doing 2 weddings for $10k (1 in 2011 and 1 later this year), but I do not buy alcohol.

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