Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Question For You Achievers Pt II!
Old 08-21-2004, 05:17 PM   #1
Recycles dryer sheets
 
Join Date: Jul 2004
Posts: 170
Question For You Achievers Pt II!

Greetings! *

Any advice on how to get monthly mortgage + kids' expenses to be less than or equal to $1,000 per month? *Assume 2-3 kids.

Also, any advice on how to cut child birth costs---not much found after "googling" *thinks...man, they've branded the search function....I need a Coke and Kleenex!*

I can not seem to crack this.... *

Thanks,
TD

__________________

__________________
Tommy_Dolitte is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re:  Question For You Achievers Pt II!
Old 08-21-2004, 06:55 PM   #2
Recycles dryer sheets
 
Join Date: Mar 2004
Posts: 232
Re:  Question For You Achievers Pt II!

. . . how to get monthly mortgage + kids' expenses to be less than or equal to $1,000 per month? Assume 2-3 kids.

Well, the obvious ones still work. Buy a 2-family and rent out the other side. Buy the kids' clothes (and your own) at thrift shops and tag sales. See if you can get by with one car. Live close to where you work (can you walk?) to save gas. Steer clear of amusement parks and expensive vacations and develop a taste for camping and picnics. Fill the cooler with something appealing every time you go somewhere and avoid the fast food traps!

About childbirth, that's tricky. Do you have health insurance? Are you sure this is an area where you want to cut costs? In many states, midwives are allowed to assist in home births, but that's definitely not for everybody. I'm sure if you live in an area with more than one hospital, you can shop around for costs. And midwives can absolutely assist safely at hospital births for much lower fees than obstetricians. The ob is nearby in case of complications.

Anne
__________________

__________________
trumpeting_angel is offline   Reply With Quote
Re:  Question For You Achievers Pt II!
Old 08-22-2004, 08:33 AM   #3
Recycles dryer sheets
 
Join Date: Mar 2004
Posts: 232
Re:  Question For You Achievers Pt II!

Also, this may seem a little remote, but when things go wrong with having babies the costs go through the roof. So before getting pregnant, the mother-to-be should take multivitamins and extra folic acid.

(per the March of Dimes
Folic acid is a naturally occurring B vitamin that helps a baby's neural tube—the part of a developing baby that becomes the brain and spinal cord—develop properly. It must be taken before and during early pregnancy when the neural tube is developing.

and

Folic acid works, but it only works if taken before and during the first few weeks of pregnancy, when the neural tube is developing into the brain and spinal cord. When the neural tube does not close properly, a baby is born with a very serious birth defect called a neural tube defect. About 2,500 children are born each year in the United States with a neural tube defect. If all women took adequate folic acid before conception and during pregnancy, the number of babies born with a neural tube defect could drop by as much as 70 percent.

And (I hope) needless to say, she should not smoke, live with a smoker, and should cut way back on drinking alcohol. She should get plenty of calcium. She should not change the kitty litter or let the cats sleep on her bed during pregnancy.

There's plenty of literature out there about all this. But it's important to start the folic acid (and the general good health - not smoking and not drinking to excess) BEFORE pregnancy.

Um, it also reduces the risk of birth defects to have your children before the mother turns 35, but I am here to tell you that we can and do have healthy children after that. As a matter of minimizing risks, though, under 35 is preferable. I would personally also avoid chemicals (eg. stop doing haircoloring if you're a hairdresser, stop coloring your own hair, don't paint the nursery, move out of the house one night while Tommy paints the nursery, etc.).

Maybe this is a little far from what you had in mind, Tommy, but a little caution can save hundreds of thousands of dollars in birthing and raising a special needs child.

Cheers,
Anne
__________________
trumpeting_angel is offline   Reply With Quote
Re:  Question For You Achievers Pt II!
Old 08-22-2004, 10:15 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re:  Question For You Achievers Pt II!

Easier answer: dont have a mortgage and dont have any kids.

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re:  Question For You Achievers Pt II!
Old 08-22-2004, 03:23 PM   #5
Recycles dryer sheets
 
Join Date: Jul 2004
Posts: 170
Re:  Question For You Achievers Pt II!

Hahaha..I knew someone was going to post that...

:

__________________
Tommy_Dolitte is offline   Reply With Quote
Re:  Question For You Achievers Pt II!
Old 08-23-2004, 07:23 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re:  Question For You Achievers Pt II!

You can count on me man. :P
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
A serious question (for once), about the theory of buy and hold and down markets AirJordan FIRE and Money 60 03-12-2007 10:29 AM
How to answer questions. ???With a question or assignment????? dex Forum Admin 2 02-25-2007 08:56 AM
Question About Friend's Expectation For His Widow's SS Benefit haha FIRE and Money 14 12-17-2006 10:35 PM
Question For You Achievers! Tommy_Dolitte Life after FIRE 52 08-19-2004 07:34 AM
New with Real Estate question trumpeting_angel Hi, I am... 25 08-10-2004 06:51 AM

 

 
All times are GMT -6. The time now is 04:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.