{"id":4092,"date":"2021-06-23T23:46:31","date_gmt":"2021-06-24T05:46:31","guid":{"rendered":"https:\/\/modernfimily.com\/?p=4092"},"modified":"2021-06-27T08:55:52","modified_gmt":"2021-06-27T14:55:52","slug":"heres-how-much-childs-third-year-cost","status":"publish","type":"post","link":"https:\/\/modernfimily.com\/heres-how-much-childs-third-year-cost\/","title":{"rendered":"Here’s How Much Our Child’s Third Year Cost"},"content":{"rendered":"
For anyone following along, this is our third post outlining details of baby-related items and costs we’ve encountered.\u00a0 If you missed the first two posts + our post on tips for new baby items, you can check them out here:<\/p>\n
We’re now going to dig into the costs during our Some caveats:<\/p>\n Drum roll pleaseeeeeee…..<\/p>\n We spent a grand total of $767 during our little lady’s third year.\u00a0 That comes out to $64\u00a0per month.<\/span><\/p>\n What!?\u00a0 This is NOTHING!\u00a0 We recognize this number likely would have been a bit higher if COVID-19 was not in place.\u00a0 As mentioned above, I wish<\/strong> we could have spent more money on some of the activity type things.\u00a0 If COVID wasn’t a thing, I’m guessing we would have spent another ~$700 on activity related things throughout the year.<\/p>\n We also contributed $2,500 towards her RESP education fund to get the full 20% match ($500) from the government so a total of $3,000 was invested into her future education this year for a grand total of $9,000 invested so far.<\/p>\n She’s also an eating machine and we are likely spending $75\/month on food-related costs.\u00a0 Here’s her typical day:<\/p>\n So if we also include the $2,500 RESP contribution and ~$75\/month of food ((75*12)=$900) we’re looking at a total of $4,167 out of our pockets in her third year.\u00a0 Of course, the RESP is elective and we recognize our privilege of being able to contribute this $2,500 towards her education each year.<\/p>\n There you have it!\u00a0 Short and sweet as we really didn’t spend that much \ud83d\ude09<\/p>\n Next annual update we will have 2 kiddos in tow so we will break down how much we spend on each kid going forward.<\/p>\n Those with parents, are you as crazy as us and keep track of all of your kid-related expenses?\u00a0 Would you say you spent more or less than $767 on toddler-related expenses (not including education and food) during their third year?\u00a0 What was your largest toddler-related purchase?\u00a0 How have your child-related costs changed compared to their first few years?\u00a0 Our update next year will include figures just like above on spending on her in addition to our annual spending on nugget #2.<\/p>\n Those without kids yet, if you’re reading this blog you likely are not part of the herd mentality and hopefully you too can stay well under the average of $8,000-$13,000\/year.\u00a0 There is no right or wrong way to parent.\u00a0 We are simply showing that the “norm” $8,000-$13,000 annually in the first few years can be challenged.\u00a0 Any questions for us?\u00a0 Hope this helps!<\/p>\n And again, if you’d like to check out the related posts on this topic, you can check them out here:<\/p>\n If you liked this article and want more content like this, please support this blog by sharing it.\u00a0 Not only does it help spread the FIRE, but it lets me know what content you find beneficial.\u00a0 Writing is NOT my strong suit and it honestly takes me hours to write each post so the more encouragement the better!\u00a0 Engaging in the comments below keeps me motivated.\u00a0 You can also support this blog by subscribing to receive emails anytime a new post is published.\u00a0 Thank you FImily!<\/p>\n We believe in stacking up life hacks to keep your enjoyment levels to the max without depleting your bank account.\u00a0 Here are some ways to further educate yourself and save thousands of dollars over your lifetime by making some simple adjustments:<\/p>\n For anyone following along, this is our third post outlining details of baby-related items and costs we’ve encountered.\u00a0 If you missed the first two posts …<\/p>\nbaby’s<\/del> toddler’s third year. Sad… she’s not a baby anymore \ud83d\ude41 She is officially a threenager.<\/p>\n\n
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How Much Did We Spend?<\/h2>\n
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Support This Blog<\/h2>\n
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