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How much dI'd your second child cost?

Posted on 5/26/16 at 6:18 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/26/16 at 6:18 am
I'm sure it's been talked about, but I hate the search function. I know daycare is going up or we're losing the wife's income. With oil the way it is, I don't think we can lose her job for safety reasons. I know the up front hospital costs obviously. But are their anyou other major expenses you notice? We have all the gadgets. If we have a boy, we have clothes (and let's be honest if we have a girl, she's going to dress like a boy around the house). Starting to look into this and wanted to estimate a budget.
Posted by baldona
Florida
Member since Feb 2016
20444 posts
Posted on 5/26/16 at 7:23 am to
The only place it's been less than twice as much as the first kid is healthcare. My wife went from being on an independent individual plan along with our first to moving to a family plan with her employer. We went from paying like $150 for each to like $375/ month for all 3 in the family plan.

That and already having clothes, high hair, car seat, etc. but frankly most of that was gifts.

The other way we've started and will have to continue to save money is a lifestyle change. We were still able to live well and stay busy socially with 1. With 2 it's a lot more difficult to we've tried to stop doing so much. We try to not go to events as much as just hang out with friends with kids at each other's houses and what not. The more kids you have the more keeping up with the Jone's becomes something you stop caring about.
This post was edited on 5/26/16 at 7:26 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/26/16 at 8:25 am to
Healthcare won't go up for us luckily. Once a kid is added, you become a family plan and no matter how many kids, it's the same price.

Daycare is our big one. Here in Houston, we pay ~$225 per week for one. Don't know if there is a discount for the second or not yet. That's the biggest expense.

Just don't want the rest of the expenses to hit us like a ton of bricks. Hoping most of the big things we are used to with our first and will slowly be transitioning from him to the next (so not doubling up). We do pretty well financially, so like you said, having 1 hasn't really stopped us from being able to do what we want (oh the money I've "wasted" on hobbies). I think this second one is really going to make us have to look at what we're doing more. I used to be that way, but when our incomes got so high that we were saving money even when we weren't paying attention, we lost that dedication. Harder to go back now, but we will get there.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 5/26/16 at 9:35 am to
OUr first was a boy, and the second a girl. Other than daycare and formula, we really didn't notice a huge increase in expenses. Daughter didn't take to the breastmilk, so $20-$30 per week on formula added up.


As for clothes, my mom was desperate for a girl and went nuts with clothes buying so we really never had to buy clothes. When we did, we had a couple of friends that had daughters a year or two older and we just bought their used clothes from them. Or just went to Target and got some cheap stuff.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37088 posts
Posted on 5/26/16 at 11:38 am to
How old is your first child? Things like diapers, food/formula, clothes, wipes, etc, haven't gone up that much in the last few years. If anything, there seems to be more generic options available these days.

If you have same gender for second kid and kept all the stuff from first kid, obvously you can reuse all that.

Car seats can be used for up to 5 years from date of purchase before they "expire"

Depending upon your current kid's age and bedroom stuff, you may need to buy someone a new bedroom set.

Childcare facilities will usually give you a slight multi-child discount. Maybe 5-10 percent. But remember the baby room is the most expensive room at a child care. When we lived in Katy, we used A Child's Reflection who was amazing and I think multiple kids got you 5 percent off the cheapest tuition (this was over 4 years ago).

The biggest thing for us (ours are two girls, three years apart) was the cost of prenatal care and childbirth. When we had our oldest, my wife's insurance was a good plan, we paid $50 flat fee for the entire prenatal stuff. We paid a flat $1500 for the entire hospital stay for childbirth, including mom and child.

By the time second kid came around, her insurance had been forced to switch to a high deducible plan. Total costs were closer to $6,000 for both prenatal and hospital care.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/26/16 at 12:02 pm to
My son is 20 months right now. Hopefully transitioning out of diapers before we have the next. We have enough wipes to get through a whole nother kid. Amazon bulk is where it's at. Formula I'm ready for as well. Hopefully we can breastfeed a little longer with this one.

Clothes are a big one I guess, but we don't go crazy (may be different with the wife and a girl). If it's a boy, we've got them stored away by size, so we are good to go.

She is under a new insurance now, so we need to figure that out.
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