| Don't Have Kids and Save Money |
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ku
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| Don't Have Kids and Save Money |
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One child costs upwards of $100,000 including foregone earnings, so much money can be saved by simply not having children.
If being around children makes you feel good, you can work part-time or casually at a childcare centre.
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Sun Nov 14, 2004 12:51 pm |
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xboxundone
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*LOL* this is a funny post. You cannot compare having kids to money. As money wise oyu would come out ahead but your would miss all the memories, good and bad.
If you want kids have them, if you dont want kids don't.
But don't make your choice completely based on money 
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Sun Nov 14, 2004 11:26 pm |
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SnapThat
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Hey, you forget all the income that the kids will make (if you teach 'em right) in the future... so even if you look at it strictly based on money, you come out ahead.
BTW, kids rule 
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Mon Nov 15, 2004 1:10 am |
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xboxundone
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quote:
Originally posted by SnapThat
Hey, you forget all the income that the kids will make (if you teach 'em right) in the future... so even if you look at it strictly based on money, you come out ahead.
BTW, kids rule
That would be great if you forced your kids to do what you wanted..... But then its not worth it cause your kids will hate u! 
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Mon Nov 15, 2004 1:17 am |
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SnapThat
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Hey, we don't need to be forced to make money! We're not as stupid as you think. (Well, most of us...)
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Mon Nov 15, 2004 1:38 am |
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xboxundone
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quote:
Originally posted by SnapThat
Hey, we don't need to be forced to make money! We're not as stupid as you think. (Well, most of us...)
*LOL* Well not all ideas or career paths the your child may choose will make a lot of money some will make enough just to live well
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Mon Nov 15, 2004 2:54 am |
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ku
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quote:
Originally posted by SnapThat
Hey, you forget all the income that the kids will make (if you teach 'em right) in the future... so even if you look at it strictly based on money, you come out ahead.
Only if they give that money to you. A child can legally and ethically leech of his parents but it doesn't work the other way round -- a parent can't leech of his child.
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Mon Nov 15, 2004 7:17 am |
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BlankenshipFP
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Actually, many parents (and grandparents) are beginning to do just that.
So many folks that are in or nearing retirement are so ill-prepared for the costs of health insurance (and rightly so, who could imagine it would be so incredibly expensive!) that they are becoming insolvent, and instead of leaving their parents and grandparents to the welfare state, the still-working Boomers and post-Boomers are taking them back in as dependents...
By the time I'm at this stage, my daughter had better have a damn good job - and the rest of you young whippersnappers, as well!
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Tue Nov 16, 2004 4:56 pm |
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xboxundone
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quote:
Originally posted by BlankenshipFP
Actually, many parents (and grandparents) are beginning to do just that.
So many folks that are in or nearing retirement are so ill-prepared for the costs of health insurance (and rightly so, who could imagine it would be so incredibly expensive!) that they are becoming insolvent, and instead of leaving their parents and grandparents to the welfare state, the still-working Boomers and post-Boomers are taking them back in as dependents...
By the time I'm at this stage, my daughter had better have a damn good job - and the rest of you young whippersnappers, as well!
This is true many parents are falling back on the kids..... Luckily my folks planned for retirement
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Wed Nov 17, 2004 12:49 am |
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seaar2000
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I don't know where you got your statics, but I have heard this before. Hogwash! The first year may be expensive due to formula's and diapers (why not use cloth diapers?). If you hit the stores you can get good sales on kids cloths, go to thrift shops etc.,. Both my daughters play an instrument didn't cost that much. Went to a pawn shop vs. music store which can be very expensive. If you want your kid to have the best of best this might be true. Not having children so you can have more money is real sad. Not saying you feel that way, but think of all the memories and good times you would miss out on. No amount of money can replace that.
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Mon Jan 03, 2005 11:23 am |
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BlankenshipFP
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I couldn't agree more, seaar2000. My daughter brings so much to my life that I couldn't imagine life without her. No amount of money is enough to replace the dimension of love and joy that a child gives to your life - even though there is plenty of pain and anguish to go along with the "good stuff".
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Mon Jan 03, 2005 12:35 pm |
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SnapThat
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As (probably) previously mentioned, I am a fourteen-year-old. My parents have done so much for me, I don't think I could ever, in my life, repay them for everything. Have they "invested" a lot of money in my (and my brother's) life? Definately. I suppose I might be spoiled with all the wonderful things that I've been given - a computer for my room (valued over $1000, bought at $200 after hours of waiting at Best Buy's Christmas sale last year), my own $250 snowboard (bought for $130), a set of guitar supplies (valued over $350, bought for just under $300), weekly guitar lessons ($21), several ski/snowboard trips a year (roughly $50/person each time), etc. This is all recent stuff. In the past, I had six years of piano lessons ($15-$30/week, I believe), of course, a piano (which my brother also used, no idea of the price), clarinet rentals (price also unknown), and we usually go on vacations several times a year and flying to China about every four years (to visit relatives).
Obviously, when added up, the costs of raising a child are enormous. Especially if you raise your child the way that I have been (generously) raised by my parents. From the figures alone, one might conclude that raising a child is a money-losing venture and financially unwise. However, as seaar2000 and BlankenshipFP have pointed out, there are years of enrichened life for having a son or daughter. I don't mean this in a boasting way, but I know that my brother and I are hands-down my parents' most prized "possesions." My mother has told me just how important we (her two kids) are and I can honestly say that I have the same feelings for her and my father (and my brother, but that's not the point of this post).
It's important to remember, as the Motley Fool's book puts it so eloquently, "Obviously, money itself - the green and gold of it - won't make your life better. It won't pursue adventures for you. It won't leave your mark on the world. If it could, you wouldn't have some very wealthy people falling into dark depression or even sometimes doing cruel things. Even with money, you'll have to work to be a productive, helpful, happy person. But certainly money can help in the pursuit of your dreams and visions."
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Tue Jan 04, 2005 2:19 am |
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Arkad
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Kids cost $$$ its a Fact.
Most people dont like to think of the costs due to emotions but Kids dont come from or live on thin air! (i hope!)
But in the long run, if you have Kids, and bring them up right they can help you multiply your wealth, they will be your heirs, your successors. You cant take your wealth to the grave! (ok you can try, Phoaroh did, but then it would just get looted, so dont!)
"The Real Wealth In this Life are Children" - The Godfather Part III. 
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Wed Jan 05, 2005 5:39 pm |
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