TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:02:27 GMT -5
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ArchietheDragon
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Post by ArchietheDragon on Dec 16, 2014 11:07:15 GMT -5
except colleges in your state are $60k/year
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Deleted
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Post by Deleted on Dec 16, 2014 11:07:37 GMT -5
Except I pay for daycare with child support and that ends at 18.  |
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Angel!
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Post by Angel! on Dec 16, 2014 11:08:47 GMT -5
Except I am pulling money out of savings every month to cover daycare & I can't do that forever.
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movingforward
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Post by movingforward on Dec 16, 2014 11:10:09 GMT -5
At least part of the money people spent on daycare could be redirected into a college fund. It may not cover all the costs for the child to attend college but every little bit helps IMO. This, of course, is if your IRA is also already being funded.
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:11:05 GMT -5
except colleges in your state are $60k/year Not state colleges  UMASS baby!!! |
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Pants
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Post by Pants on Dec 16, 2014 11:11:41 GMT -5
Except we're not saving as much as we should be for retirement and other investments while we pay $3k/month in daycare...
Also, to think that college costs will not rise in the 16 years before its time to send a kid to college is silly.
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:12:09 GMT -5
Except I pay for daycare with child support and that ends at 18. But daycare stops at what? 4? Stash the money and save it for college. |
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ArchietheDragon
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Post by ArchietheDragon on Dec 16, 2014 11:12:30 GMT -5
except colleges in your state are $60k/year Not state colleges  UMASS baby!!! Why do you hate your future baby? |
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Deleted
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Post by Deleted on Dec 16, 2014 11:13:48 GMT -5
Except I pay for daycare with child support and that ends at 18. But daycare stops at what? 4? Stash the money and save it for college.  |
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Angel!
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Post by Angel! on Dec 16, 2014 11:15:27 GMT -5
Except I pay for daycare with child support and that ends at 18. But daycare stops at what? 4? Stash the money and save it for college.
LOL, only if you work part time & have all day preschool. DS2 misses the kindergarten cutoff by a month, so he will be almost 6 before he starts school full-time - and that only works because my district has free all-day kindergarten, many don't. And even then I will be paying $83/week just for after school care (add in before school & it goes up more). Which is nothing compared to the $261 I pay a week now, but still not free.
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Deleted
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Post by Deleted on Dec 16, 2014 11:17:22 GMT -5
Carl, you thought your MIL was moving out when the kid turned 4?
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:17:31 GMT -5
Except we're not saving as much as we should be for retirement and other investments while we pay $3k/month in daycare... Also, to think that college costs will not rise in the 16 years before its time to send a kid to college is silly. 3k/month for daycare.... Hold up while I buy some vitamins for my MIL!!! She better stick around for another decade at least, fingers crossed and praying the lord!!! |
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:20:30 GMT -5
Carl, you thought your MIL was moving out when the kid turned 4? My MIL is stuck with us till she: A) dies B) need more care than we can provide so nursing home C) one of the above My wife is an only child, her mom is not going anywhere besides her: - yearly trips to Haiti - travel abroad with her sisters |
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Pants
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Post by Pants on Dec 16, 2014 11:20:29 GMT -5
Except we're not saving as much as we should be for retirement and other investments while we pay $3k/month in daycare... Also, to think that college costs will not rise in the 16 years before its time to send a kid to college is silly. 3k/month for daycare.... Hold up while I buy some vitamins for my MIL!!! She better stick around for another decade at least, fingers crossed and praying the lord!!! Well that will be for 2. But yes. |
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giramomma
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Post by giramomma on Dec 16, 2014 11:26:04 GMT -5
Nevermind.
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gooddecisions
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Post by gooddecisions on Dec 16, 2014 11:30:34 GMT -5
I actually agree with this. I cash flow $2400/month to daycare and stash $800/month in 529's. |
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:30:46 GMT -5
3k/month for daycare.... Hold up while I buy some vitamins for my MIL!!! She better stick around for another decade at least, fingers crossed and praying the lord!!! Well that will be for 2. But yes. Ok! So back to the average of ~16k/year per child. And college costs in 18-20 years? I ether stick my head in the sand for now and think happy thoughts  |
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:33:33 GMT -5
But daycare stops at what? 4? Stash the money and save it for college.
LOL, only if you work part time & have all day preschool. DS2 misses the kindergarten cutoff by a month, so he will be almost 6 before he starts school full-time - and that only works because my district has free all-day kindergarten, many don't. And even then I will be paying $83/week just for after school care (add in before school & it goes up more). Which is nothing compared to the $261 I pay a week now, but still not free.
Ok so you will still need before care and aftercare. Isn't that way cheaper than daycare? |
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Deleted
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Post by Deleted on Dec 16, 2014 11:33:43 GMT -5
Well that will be for 2. But yes. Ok! So back to the average of ~16k/year per child. And college costs in 18-20 years? I ether stick my head in the sand for now and think happy thoughts  But, you're not affording 16K/year in daycare. MIL is going to watch them. |
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Deleted
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Post by Deleted on Dec 16, 2014 11:37:55 GMT -5
LOL, only if you work part time & have all day preschool. DS2 misses the kindergarten cutoff by a month, so he will be almost 6 before he starts school full-time - and that only works because my district has free all-day kindergarten, many don't. And even then I will be paying $83/week just for after school care (add in before school & it goes up more). Which is nothing compared to the $261 I pay a week now, but still not free.
Ok so you will still need before care and aftercare. Isn't that way cheaper than daycare? Well, first of all, they'll most likely be at least 5 before not needing full time daycare, but not only do you need before and after school care, you also need care for all the days they don't have school...including the summer. You're stuck with childcare expenses to around age 12. Plus all the school expenses. My daycare included food, but school doesn't. Lunch, Snack fees, field trips, and all the assorted school expenses add up. |
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Ryan
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Post by Ryan on Dec 16, 2014 11:38:37 GMT -5
I spend about $18K per year on daycare right now...next year it will be $9K...the year after that, less than $2K. BOOYAAHHHHH
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 11:55:57 GMT -5
I spend about $18K per year on daycare right now...next year it will be $9K...the year after that, less than $2K. BOOYAAHHHHH Nice, what are you going to do with all that MOOLLLAAAHHH!!! |
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 12:00:28 GMT -5
One of DS' buddies is coming to our house over Christmas break for a few days because one day of childcare is $40. She's 6! That is another thing... Don't all groups have "that" house were all the kids go to on snow days / summer break / after school because there is a stay at home parent there? Or because a parent was there already (stay home from work or come home early from work or when schools gets out?)? When I was growing up there was always "that" house. It was either a stay at home parent or someone that only worked during school hours. |
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Dec 16, 2014 12:01:56 GMT -5
Don't all groups have "that" house were all the kids go to on snow days / summer break / after school because there is a stay at home parent there?
When you find someone who is willing to watch my kid 8 hours a day for three months for free please send me that person's number.
Christmas break is a combo of me, my mother and MIL this year. If we didn't have them it'd be $210.60 for a week and a half of full time daycare. |
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saveinla
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Post by saveinla on Dec 16, 2014 12:02:25 GMT -5
We are cash flowing around 2K + expenses for college every month and still maxing retirement and paying our bills. It makes me sick to think where this money was going before we started last year, since it was not like we were saving the amount that we are paying for college.
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Deleted
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Post by Deleted on Dec 16, 2014 12:06:38 GMT -5
One of DS' buddies is coming to our house over Christmas break for a few days because one day of childcare is $40. She's 6! That is another thing... Don't all groups have "that" house were all the kids go to on snow days / summer break / after school because there is a stay at home parent there? Or because a parent was there already (stay home from work or come home early from work or when schools gets out?)? When I was growing up there was always "that" house. It was either a stay at home parent or someone that only worked during school hours. Um...no. But, I guess your house could be the free daycare house in your neighborhood. |
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TheHaitian
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Post by TheHaitian on Dec 16, 2014 12:11:07 GMT -5
Don't all groups have "that" house were all the kids go to on snow days / summer break / after school because there is a stay at home parent there?
When you find someone who is willing to watch my kid 8 hours a day for three months for free please send me that person's number. I have two aunts that did it and still soon it now... Their house was "that" house with 5-15 kids there at all times. They liked it because they always knew were their kids were (home) and even encouraged it by : - always having snacks - always feeding the kids - always offering to watch the kids I dunno, I guess I assumed it was normal. |
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973beachbum
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Post by 973beachbum on Dec 16, 2014 12:13:29 GMT -5
Well that will be for 2. But yes. Ok! So back to the average of ~16k/year per child. And college costs in 18-20 years? I ether stick my head in the sand for now and think happy thoughts Just for the record UMass instate tuition and fees is over $13,000 a year and that assumes the kid drives there and gas and food are free.  And lets not forget everyone's favorite expense, Books. They should only cost a few dollars for the download in 18 years right? |
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Dec 16, 2014 12:13:46 GMT -5
I dunno, I guess I assumed it was normal.
No it's not, that's an exception to the rule. The majority of people need to pay someone to watch their kids during breaks.
You could also get busted for running an unlicensed daycare if you got 15 neighborhood kids you're watching consistently in your house.
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