Ramsea wrote:
Mr Kissyfur wrote:
Still, kids are expensive, but far less so when you get past the nappy stage. Those things are more expensive than gold.
I disagree, I would say the biggest expense of kids is easily the cost of childcare. It's something ridiculous like £35 a day. Taking into account holidays etc, that equates to about £7,000 a year. And that's just for one kid. It doesnt get any cheaper the more you have either.
Luckily, both our kids are now in school and the only childcare we pay (ignoring the horrid school holidays) is £10 a day to a friend to mind the youngest when he finishes school. But even that still costs about £200 a month.
Hopefully both kids will be too thick to want to go to Uni.
Heh.
Thankfully the kiddos aren't in childcare - we took the decision that one of us would stay home at least until they were both in school. After that we have huge numbers of family members nearby who will help, and my job is flexible enough that I can help out if Mrs K goes back part time to begin with as well. The only reason Mrs K will go back to work is because she wants to, rather than because we need the money - I appreciate I'm phenomenally lucky for that to be the case.
I do have mates who have found it tough with childcare though - you're right, it's expensive. But if you are lucky enough to either not need it or to have people who can do it for free, kids don't really cost that much. The younger one wears all the older ones clothes as hand me downs (they're 4 1/2 and 3), and any toys we buy are now also filed in my head as expenditure on me, as I play with them too.
My wife's brother has both of his tiny kids in childcare whilst he goes to work as a teacher, which is eating all of his salary. Thankfully his money grubbing, kid hating bitch of a wife earns a pile of cash, though. The kids are in childcare even when they're both off work.
Sorry, not relevant, just winds me up.
@Atrocity - I agree with every word of that, except the bit about your spending growing with your income. I still scrimp as much as when I was a student. My dad is of a completely different mindset though. He was baffled as to why I'd leave a law firm with solid partnership prospects and go and work in house for less money with less opportunity for earning 200k a year. The fact that if I stayed at the law firm I'd never see my kids didn't really seem to register with him, when weighed against the money.
The way I look at it, I have more than enough money that we can afford the mortgage and food and bills and to never have to watch the pennies. Although I still do anyway - I only ever buy second hand games/DVDs etc. It doesn't matter how much money you have, there's no point wasting it. One of my trainees had come from a literally dirt poor background, and when she started as a trainee, it was the first time she'd really had money. She was spending so much she ended up in debt even with a 30k salary. She was gobsmacked that I, on considerably more than her, would actually be saving money rather than spending it on, I don't know, condoms and whores.. Anyway, I don't need more than I have now, although that attitude seems to be alien to a lot of people I know.