Author Topic: For all you relatively new parents... (Read 402 times)

Sandman · « **on:** June 22, 2005, 11:20:05 PM »

You think it's hard now, but...

it just gets worse.

Good luck... You may have already started saving for college. Maybe you should consider saving up for all this other stuff.

Ripsnort · « **Reply #1 on:** June 23, 2005, 07:22:10 AM »

Quote

It's that their growing bodies, minds, interests and need for independence almost inevitably lead to bigger bills. Combine that with a notorious lack of judgment -- which produces its own expenses, from fender-benders on up -- and you can face a serious strain on your budget.

Kind of a no-brainer...I'm mean really, just reflect back on our own lives? But these days, an article like this most likely has to remind people of this typical "behavior costs".

Ripsnort · « **Reply #2 on:** June 23, 2005, 07:31:13 AM »

Here is inflation adjusted costs to an arbitrary year (1975)

Academic coaching: $35 a term ($9.34)

Sports/band: $150 a term ($40.05)

Kumon, an after-school tutoring program: $90 a month ($24.03)

Orthodontia: $120 a month($32)

Music lessons: $75 a month($20.02)

Instrument rental: $50 a month($13.35)

After-school snacks: $50 a month.($13.35)

Extra groceries: $400 a month.($106.79)

Scout "gear" and activities: $125 a month($33.37)

Health club fees: $50 a month.($13.35)

Health insurance co-pays: $15 a month average.($4.00)

Clothes: $50 a month.($13.35)

The more things change, the more they stay the same.

Curval · « **Reply #3 on:** June 23, 2005, 07:57:17 AM »

lol...that is "chump change".

Let's talk about school fees....

Preschool Montessori - 10,500/child/year
Grammar School - 12,500/child/year

In two years all three of my kids will be in either of these schools.

Two will be in the grammar school

Subtotal: 25,000

One in Montessori - 10,500

Total $35,500 for that year. $37,500 two years later - but probably more as the fees are raised all the time.

Ripsnort · « **Reply #4 on:** June 23, 2005, 09:41:58 AM »

Quote

Originally posted by Curval
lol...that is "chump change".

Let's talk about school fees....

Preschool Montessori - 10,500/child/year
Grammar School - 12,500/child/year

In two years all three of my kids will be in either of these schools.

Two will be in the grammar school

Subtotal: 25,000

One in Montessori - 10,500

Total $35,500 for that year. $37,500 two years later - but probably more as the fees are raised all the time.

That sucks Curval!

We're fortunate enough to live in an excellent school district where private school is not needed. Its one of the reasons we chose this location when we moved in 1997.