Quote:
Originally Posted by Table 5
You do with children, especially if you have 3. Children just make everything a buttload more expensive.
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Plus, if you are prudent before you can even think of jetting around the world with your multiple kids in tow, you have to take care of basic savings like RRSPs and RESPs. Just to receive the maximum government contribution to an RESP (aka free money) you need to be socking away $208 per kid per month. That's $7,500 of net income for the OP per year just in that one expense. And we haven't even touched on RRSPs and the myriad of other basic expenses when you have a family. Hats off if you can live off half what you currently make and still meet all your obligations, but holy crap what a risk.
Personally, I'd hate to live somewhere like Kelowna and watch all the guys with money play on their awesome boats while I was bobbing around in a dingy with my kids eating baloney sandwiches on soggy white bread. Any thoughts on putting in another decade here, then moving to Kelowna when you have a larger cushion saved up?