Time to bump up that 401k

[Orion inc.]

Two tiered wage structure, longer progression, contribution toward healthcare premiums, extended use of helpers, increased use of technology for the purposes of discipline, etc.

If you repeat a lie long enough, do you start to believe it as truth?

And you know all this will pass ?

Because you have so much experience in union affairs in your small 30 person hub???

 

[Orion inc.]

The most recent data states that it costs about $250K to raise a child from birth to their 18th birthday. That does not include college.

I have a feeling you may be changing your savings strategy, especially if you guys are having a girl.

Do you have a link to back up that statistic?

It's probably way more than that.

 

[IVE GOTTA PACKAGE 4U]

Do you have a link to back up that statistic?

It's probably way more than that.

This us from two years ago.
Average cost of raising a child hits $245,000

 

[Big Arrow Down...D]

Technically it is a split raise of $.40 cents on 8/1 and $.40 cents on 2/1.

.80 cents would be $.0008.

Thanks.

 

[IVE GOTTA PACKAGE 4U]

Thanks.

You're welcome.

 

[Brownslave688]

The most recent data states that it costs about $250K to raise a child from birth to their 18th birthday. That does not include college.

I have a feeling you may be changing your savings strategy, especially if you guys are having a girl.

So what about 14k year?




My wife's raise next year will almost cover that. I think we will be ok.

Not to mention if I just go to work everyday I'd make about 15-20k more.

 

[IVE GOTTA PACKAGE 4U]

So what 14k about year?



My wife's raise next year will almost cover that. I think we will be ok.

I can't even imagine how much college will cost

 

[Jackburton]

This us from two years ago.
Average cost of raising a child hits $245,000

Over 13k a year, pfft. I'd bet a majority of that is medical coverage from birthing to preventative and childcare. Good thing about where we work is no out of pocket premiums and costs don't go up depending on amount of dependents. Another note I'd like to add we have the opportunity to make enough to have your spouse be a stay at home parent for the younger part of the child's life.

I've had to go through paying for 4 kids, 14 being the youngest right now. There is no way I spent over 13k a year in extra expenses for each one.

Then again I know how to to say no, you can't have everything you want.

 

[IVE GOTTA PACKAGE 4U]

Over 13k a year, pfft. I'd bet a majority of that is medical coverage from birthing to preventative and childcare. Good thing about where we work is no out of pocket premiums and costs don't go up depending on amount of dependents. Another note I'd like to add we have the opportunity to make enough to have your spouse be a stay at home parent for the younger part of the child's life.

I've had to go through paying for 4 kids, 14 being the youngest right now. There is no way I spent over 13k a year in extra expenses for each one.

Then again I know how to to say no, you can't have everything you want.

I guess they take other things into consideration. If you didn't ha any kids would you have a smaller house or a smaller car?

 

[Jackburton]

I can't even imagine how much college will cost

I've got another going next year, average in state college for the schools we're looking at, 18k, that includes room and board. Tuition is around 10k, 80% covered under HOPE scholarship. So yearly out of pocket will be around 10-12k.

I'll be paying for all of her undergrad out of pocket.

 

[Brownslave688]

I can't even imagine how much college will cost

Something has to give in the next 20 years you'd think.

 

[IVE GOTTA PACKAGE 4U]

I've got another going next year, average in state college for the schools we're looking at, 18k, that includes room and board. Tuition is around 10k, 80% covered under HOPE scholarship. So yearly out of pocket will be around 10-12k.

I'll be paying for all of her undergrad out of pocket.

Wait till you get hit with books and other fees.

 

[IVE GOTTA PACKAGE 4U]

Something has to give in the next 20 years you'd think.

I can see more online colleges in the future.

 

[Jackburton]

I guess they take other things into consideration. If you didn't ha any kids would you have a smaller house or a smaller car?

We live in a 1900 square foot house around worth about 220k and have no debts besides mortgage. We live well below our means considering my wages. It's what allows me to save and provide for my family the way I do. We're also going on a 2 week European vacation next year to celebrate 15 years of marriage.

 

[Jackburton]

Wait till you get hit with books and other fees.

That's out the door prices, we've toured 4 colleges and got the breakdown

 

[IVE GOTTA PACKAGE 4U]

We live in a 1900 square foot house around worth about 220k and have no debts besides mortgage. We live well below our means considering my wages. It's what allows me to save and provide for my family the way I do. We're also going on a 2 week European vacation next year to celebrate 15 years of marriage.

Too bad some other drivers don't live like that.

 

[IVE GOTTA PACKAGE 4U]

That's out the door prices, we've toured 4 colleges and got the breakdown

And it increases substantially every year.

 

[Jackburton]

And it increases substantially every year.

Yep, put one through already. Nice thing is once they get a year under their belt they learn dad doesn't pay the same things he did in the first year. They can live off campus after the first year and they'll also be working while going to school, if they want any spending money that is.

 

[IVE GOTTA PACKAGE 4U]

Yep, put one through already. Nice thing is once they get a year under their belt they learn dad doesn't pay the same things he did in the first year. They can live off campus after the first year and they'll also be working while going to school, if they want any spending money that is.

I made my kids work. I said no job no driver's license .

I can only give you this advice, save a little more for college than you think that you are going to need. Because you know they are going to need a new computer and printer amongst other things.

 

[Brownslave688]

Wait till you get hit with books and other fees.

Some of my wife's med books were close to 1k. Hurts just thinking about it.