Quote:
Originally Posted by CliffFletcher
Going on vacations isn't the difference-maker here. It's having kids that changes everything. We put $6 k a year into RESPs alone.
|
I have two little breathing cost centres myself, and would say that they're the most expensive luxury good I've ever acquired.
The 6k/year in RESPs is a big chunk of money, but personally I don't think I'd do that if I couldn't do retirement savings first. Or at least split the money or something.
I know for us, the adjustment of going from 2 incomes to 1 has been huge. (My wife didn't go back for long enough between to qualify for EI on our 3 month old). There have been big cuts in both vacations and savings for sure. Hopefully this thread can spend more time derailed and less time talking about huge new layoffs - 2 incomes to 1 was tough, but 1 to 0 would be dicey.