UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next
Author: Ceberon Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: How much do children cost? Date: 10/25/2004 8:00 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
As I stated in a previous post, if you wait until you think you can afford kids, you'll probably never have any.

Well, that's not necessarily true, at least in our situation. We have 3 empty bedrooms, and our budget has an extra 2k per month that's not spoken for in our retirement plan, so affording them isn't necessarily the issue, just assuming a single child won't cost an extra 2k every month.

If finances are your primary goal, you probably shouldn't have kids, but then you would miss grandchildren, and they are certainly special.

Certainly not our primary goal, but I would like to think that I can balance all of our goals. If kids came with annuities to pay for every one of their costs and they added 3 years onto our lifespan for each child, it's possible we'd have 4 or 5 of them. However, our goals in life include both raising children, and having a rewarding retirement. So I'm budgeting for a child (or possibly two), and making plans for retirement as well. We will put off our retirement in order to have the child if needed, but I don't see any reason so far that it's necessary. I might need to cancel our pinball machine budget, but golly, if that's the worst thing then I'm pretty happy.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (45) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement