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Posted on 7/30/13 at 6:23 am to wegotdatwood
quote:
When she heads back to work after she has the baby we'll be netting around 5k a month.
If your wife works then daycare will be your biggest expense, babies are really cheap besides that.
And breastfeeding is way healthier for the baby than any formula
Posted on 7/30/13 at 7:13 am to wegotdatwood
quote:
I'm curious the impact of one kid on our finances.
Our finances went down
Posted on 7/30/13 at 7:15 am to wegotdatwood
Tell her you'll get an SUV once she gets prego. If you want kids anyways and she wants a SUV you'll get a little extra lovin.
For formula and diapers, get a Costco membership. At equal price I'd use their diapers over Huggies, Pampers, etc...they can put out fires!
I think if you're doing formula $100/week for newborns is fair. They're worth every penny!
For formula and diapers, get a Costco membership. At equal price I'd use their diapers over Huggies, Pampers, etc...they can put out fires!
I think if you're doing formula $100/week for newborns is fair. They're worth every penny!
Posted on 7/30/13 at 7:23 am to yellowfin
quote:
babies are really cheap besides that.
We must be doing it wrong. I guess if you were gifted a ton of clothes, high chair, car seat, pack and play, and all the million or so little things that need to be bought, for the first child, and you breast feed, then it might seem that way overall.
But it's not really.
Posted on 7/30/13 at 7:27 am to Sigma
quote:
I guess if you were gifted a ton of clothes, high chair, car seat, pack and play, and all the million or so little things that need to be bought, for the first child, and you breast feed, then it might seem that way overall.
I guess this is us
The only thing we buy are diapers, and they aren't that expensive. 2 big boxes cost less than 1 night out for me and the wife before, and now we don't go out anymore, so
Posted on 7/30/13 at 7:29 am to Sigma
quote:
We must be doing it wrong. I guess if you were gifted a ton of clothes, high chair, car seat, pack and play, and all the million or so little things that need to be bought, for the first child, and you breast feed, then it might seem that way overall.
One baby shower will get you all of this stuff. I didn't have to buy anything until about 3 months. Going on 7 months now and we only spend about $50 a week outside of insurance and doctor visits.
Posted on 7/30/13 at 7:31 am to ItNeverRains
quote:
I would think the congrats are for you, you do all this with more or less half the pay. I just don't see how you tuck 30%, have a full time nanny, mortgage, newer cars, take nice vacations, etc...after taxes.
mortgage = $1200/month
nanny = $600/month (I know this is really cheap
) car notes = $400/month (one car is paid off)
Posted on 7/30/13 at 7:37 am to HeadyMurphey
quote:
Going on 7 months now and we only spend about $50 a week outside of insurance and doctor visits.
This is pretty much us I guess. We were gifted most of the big items, so $50 a week is about right for clothes (nobody gives you 9 month clothes at a shower), teething supplies when the ones you have aren't working, prescription reflux med, etc. It's just when you add $400 a month in Nutramigen, it gets high.
But I wouldn't trade it for anything.
Posted on 7/30/13 at 7:38 am to Sigma
quote:
just when you add $400 a month in Nutramigen, it gets high
Wow, didn't even know that existed. Glad mine will eat just about anything.
Posted on 7/30/13 at 7:40 am to Sigma
quote:
We must be doing it wrong. I guess if you were gifted a ton of clothes, high chair, car seat, pack and play, and all the million or so little things that need to be bought, for the first child, and you breast feed, then it might seem that way overall. But it's not really.
I guess my comment was in comparison to older children, they get more expensive every year....the first will be the cheapest
Posted on 7/30/13 at 7:40 am to Sigma
quote:
It's just when you add $400 a month in Nutramigen, it gets high.
damn that sucks
I'm so glad my wife has a schedule that allows her to still breastfeed while working full time
Posted on 7/30/13 at 7:44 am to Salmon
Does your nanny speak English, or are you Italian?
And $1200/mo is about half my mortgage. But we are definitely house snobs. And this area is expensive but we get private school education at a public school price, so it evens out in the wash.
And $1200/mo is about half my mortgage. But we are definitely house snobs. And this area is expensive but we get private school education at a public school price, so it evens out in the wash.
Posted on 7/30/13 at 7:47 am to ItNeverRains
quote:
Does your nanny speak English, or are you Italian?
quote:
And $1200/mo is about half my mortgage. But we are definitely house snobs
I live in Shreveport, so a $1200 mortgage gets us 2400 sq ft in an awesome neighborhood. I'm aware housing costs are not as cheap everywhere else.
And our daughter is only 10 weeks, the public school district we are in is good for Louisiana standards, but we are still looking at possibly putting her private school, which will definitely cut back on the savings a bit
Posted on 7/30/13 at 7:48 am to yellowfin
quote:
they get more expensive every year....the first will be the cheapest
Nooooo!!!
Posted on 7/30/13 at 7:54 am to Salmon
Yeah, that's why This thread proves location x3 makes a huge difference in defining perfect salary.
Schools are our house hedge. My wife grew up in the area we live and went to public school, when her dad got transferred to BR, she enrolled at SJA and was bored because she had learned everything already. It was easy by comparison.
Might as well see my tax dollars at work, something that would never happen if we were in LA.
Schools are our house hedge. My wife grew up in the area we live and went to public school, when her dad got transferred to BR, she enrolled at SJA and was bored because she had learned everything already. It was easy by comparison.
Might as well see my tax dollars at work, something that would never happen if we were in LA.
Posted on 7/30/13 at 7:55 am to ItNeverRains
She has an SUV now, you mean for the 2nd kid?
She's pregnant now
She's pregnant now
Posted on 7/30/13 at 8:00 am to wegotdatwood
Oh, congrats. So she just wants a new SUV? Maybe I misread your question.
Posted on 7/30/13 at 8:03 am to wegotdatwood
if you're wife doesn't feel like her current vehicle is safe or reliable enough to drive the baby around, you're never going to hear the end of it
I had to buy my wife a new SUV when we had our daughter
I had to buy my wife a new SUV when we had our daughter
Posted on 7/30/13 at 8:08 am to ItNeverRains
School district didn't really matter when choosing the location of our home because we were sending our kids to catholic school anyway for the religious part of it.
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