Comments on: Here’s How Much Baby’s Second Year Cost (Plus a GIVEAWAY!)

By: Court and Nic

Court and Nic — Sun, 10 Jan 2021 03:03:46 +0000

In reply to steveark.

Thank you Steveark, keeping track of everything runs in my blood haha.

That’s a great point you made – thanks for bringing it up! As parents, we want to succeed not only for us but for our family too. And we want to be role models for ours kids. That’s fantastic that it lead to a more productive ‘you’ while at work! Major kudos and definitely sounds like a great ‘investment’! 🙂

By: Court and Nic

Court and Nic — Sun, 10 Jan 2021 03:00:28 +0000

In reply to Marii. $120/mo plus some gifts and RESP is great Marii! Love that you track your baby numbers too :) Daycare definitely can be rough, but hey there's a silver lining to this crazy COVID year eh? We're finding that each year we are actually spending less on her (besides food) which is not what we were expecting!

By: steveark

steveark — Fri, 08 Jan 2021 17:41:45 +0000

Great detailed tracking, we didn’t do that with our three, now grown, kids. One thing I think that gets overlooked in the financial costs of kids is the natural offsets. I think having a happy home full of exciting kid(s) and overflowing with love is one of the key things that let me kill it at work and become a highly paid leader. I wanted to provide for them and wanted them to be proud of me and the balanced life that meeting their needs and making time to play with them required, that just made me better at all aspects of life. In my mind they were an investment that paid off at a very high rate of return in both love and happiness and also financially.

By: Marii

Marii — Fri, 08 Jan 2021 02:15:01 +0000

We just went over our expenses for 2020 (our daughter just turned 2,5) and we spent $120.75/month on regular expenses (clothes, Zoo and Telus pass, entrance fees, few books, and used toys) + probably another $200 for gifts + maximum contribution towards RESP. However, we have very generous relatives who buy a lot of gifts for her from my Amazon list as they are so far away.

We also paid for daycare but “thanks” to COVID (she didn’t go from March till August) it was “only” $8000 (she goes 3 days/week).

Without daycare, the number would be close to yours. And we thought that we spent a ton on her – good to know that it actually wasn’t that bad!