Comments on: Here’s How Much Our Son’s First Year Cost

By: Court and Nic

Court and Nic — Sat, 24 Dec 2022 14:29:02 +0000

In reply to Jim. Thanks Jim for chiming in! Yea childcare costs for those first early years when both parents are working really do add up! Thankfully in AB where we are they’ve rolled out affordable child care subsidies which have dropped down costs for working parents significantly. Good to hear things have levelled offs but now that she’s 12. Yea, I can’t imagine insuring a teenage will be affordable these days! Hopefully by that point she’s working a bit to help supplement some of those additional teenage related costs!

By: Jim

Jim — Sat, 24 Dec 2022 04:28:33 +0000

Yep, I remember the first year with my daughter, it was expensive. We were spending $300 per week for childcare, since my wife and I worked. That alone was like $15K, then there is everything else. Now that she is 12 things have leveled off, but my suspicions are that once she starts driving, the costs will increase again. Happy Holidays!

By: Court

Court — Wed, 07 Dec 2022 12:01:59 +0000

In reply to Chrissy @ Eat Sleep Breathe FI. Haha thanks Chrissy! And thanks for pointing out the factor of increased inflation over the years! Thanks for pointing new and prospective parents this way. Hopefully it helps them!

By: Chrissy @ Eat Sleep Breathe FI

Chrissy @ Eat Sleep Breathe FI — Mon, 05 Dec 2022 18:47:29 +0000

No surprises here! I knew you'd keep your spending on Parker just as low as you did for Finn. Bravo to you and Nic for achieving that feat, given that it's been a few years since Finn turned one AND you've had higher inflation to deal with. It's great that you continue to share this info. I always direct new and prospective parents to these posts when they buy into the media narrative that kids are expensive. (As you and I both know, that's absolutely false!)