LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
I just read one of the most exaggerated articles I have seen to come out of the WSJ: The Million-Dollar Kid, so I just have to compose a counter article. Unfortunately, writing to the authors at the WSJ will have no impact, so y'all get the brunt of my ire.
IMHO, raising kids is very inexpensive. We pay for many of the items discussed in the article for our kids: sports participation, sports equipment, sports camps, music lessons, art lessons, school trips to Machu Picchu, family vacations to Europe & Hawaii, 529 plans, living in a good public school district, etc., so we probably are over the top compared to many folks here. However, those costs are only a fraction of what the article makes them out to be.
It all amounts to about an extra $1530 a year per child because we use frequent flyer miles and clip coupons. Furthermore, unlike the authors of the article, we don't pick the most expensive way to accomplish something. Plus you get a tax deduction for all those day camps.
Just because kids have an ipod, does not mean they spend $1 a day downloading songs. Birthday parties every few years are only $10-$20 a guest. No one upgrades and buys better strollers for their 2nd and 3rd kids: they use the first stroller they got or a free one from their friends. We pay a fraction of the cited costs for vacations. And take-out sushi twice a month for 5 years is only $960 and not $3900.
Forget about: child therapy, organic food, handbags for teenager, anti-acne treatment not covered by health insurance, etc.
Anyways, I imagine that most of the folks here also pay no more than $2000 a year extra per child.
IMHO, raising kids is very inexpensive. We pay for many of the items discussed in the article for our kids: sports participation, sports equipment, sports camps, music lessons, art lessons, school trips to Machu Picchu, family vacations to Europe & Hawaii, 529 plans, living in a good public school district, etc., so we probably are over the top compared to many folks here. However, those costs are only a fraction of what the article makes them out to be.
It all amounts to about an extra $1530 a year per child because we use frequent flyer miles and clip coupons. Furthermore, unlike the authors of the article, we don't pick the most expensive way to accomplish something. Plus you get a tax deduction for all those day camps.
Just because kids have an ipod, does not mean they spend $1 a day downloading songs. Birthday parties every few years are only $10-$20 a guest. No one upgrades and buys better strollers for their 2nd and 3rd kids: they use the first stroller they got or a free one from their friends. We pay a fraction of the cited costs for vacations. And take-out sushi twice a month for 5 years is only $960 and not $3900.
Forget about: child therapy, organic food, handbags for teenager, anti-acne treatment not covered by health insurance, etc.
Anyways, I imagine that most of the folks here also pay no more than $2000 a year extra per child.