Quote:
Originally Posted by Samonadreau
I am 36 with 4 kids and almost $250k saved and another $400k in home equity. Trying my darndest.
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Kids, man...
They say the average cost to raise a child to adulthood is somewhere around $250k. Those two additional kids (over the Canadian family average) are half a million dollars, and that's without even accounting for time value of money, etc
And I wouldn't be surprised if the costs are even higher for additional kids above the average. There are a number of things that are just easier (read: cheaper) for a family of 4 to do, compared to a family of 6 - hotel rooms on vacation, size and type of vehicle, etc, etc... I'm just praying one of my kids is successful enough to take care of my old ass
