Leach off the folks and you will save a ton of money.
Leach off the folks and you will save a ton of money.
Not that it is any of your business but we will continue paying our daycare tuition so our toddler doesn’t lose his spot.
We will not be paying our in-laws. They will help as they can and are happy to do so. Make sense?
You seem to have a very binary tough guy view of the world. I recommend you try to soften some of your perspectives. You will find more joy in life.
I was you. Then got married and had kids. All those savings were gone after engagement ring, part of wedding we paid for, down payment on the house.
highhoppingworm wrote:
Not that it is any of your business but we will continue paying our daycare tuition so our toddler doesn’t lose his spot.
We will not be paying our in-laws. They will help as they can and are happy to do so. Make sense?
You seem to have a very binary tough guy view of the world. I recommend you try to soften some of your perspectives. You will find more joy in life.
Post the receipts.
Oh wait you're an internet BSing leech child just like the OP.
I don’t keep my identity a secret here. No real need as far as I am concerned. Pretty easy to find me on Strava in the letsrun group matched with the RR&T thread. Why would think that two working professionals in solid financial standing would have have trouble with paying daycare for a few months when not attending is beyond me.
I’m also 35. So not really in the child category.
highhoppingworm wrote:
I don’t keep my identity a secret here. No real need as far as I am concerned. Pretty easy to find me on Strava in the letsrun group matched with the RR&T thread. Why would think that two working professionals in solid financial standing would have have trouble with paying daycare for a few months when not attending is beyond me.
I’m also 35. So not really in the child category.
None of that matters. You're paying for your child's daycare spot because you have a contract and a pandemic does not let you out of it. The daycare is either 1) closed for the pandemic 2) you don't want to send your kids to it to get infected. Good for you if it's number 2. But don't pretend this isn't a leech move to have someone else take care of you kids who are now at home.
I know being 35 is hard. I'm 35 too. We should hang out sometime at your parents house and your mom can make us some sammy jammys and grape juice.
Wtf? What kind of daycare has a contract? You can enroll or disenroll your child as you like with a couple of weeks notice...
It is actually neither of the options you mentioned. We wanted to get our family out of an urban area and to the beach for some time. Plus my in laws have never met our youngest and haven’t spend time with our toddler for the last year. Seemed like a win-win.
My wife and I are 50. Our net worth is $3M even though we never made more than $150k in a year. We have 3 in college that have no loans. You are terrible at saving.
highhoppingworm wrote:
Wtf? What kind of daycare has a contract? You can enroll or disenroll your child as you like with a couple of weeks notice...
It is actually neither of the options you mentioned. We wanted to get our family out of an urban area and to the beach for some time. Plus my in laws have never met our youngest and haven’t spend time with our toddler for the last year. Seemed like a win-win.
What kind of dive town do you live in where your daycare doesn't have a contract? I've worked remotely/in a half dozen cities and every reputable daycare has a contract... Are you dropping them off at trap houses or something?
I live in Boston... my wife and I are both pharmaceutical executives...
Your assumptions seem to be very off across the board.
chillin369 wrote:
No car and moved back home with my parents at age 28. Have 165k and then another 45k in 401k/HSA.
How do people not save a ton? Do they really spend that much?
Ok, some things:
1) Most Americans want/need to own a car.
2) Most Americans don't want to live with their parents at age 28.
3) How old are you now? Because even at age 28, the amount of money you have saved isn't that much to be bragging about it.
Now, most Americans SHOULD be able to save more. Even just 10% of your income invested over a lifetime (which is below the recommended amount) will make retirement much better.
bryan evans wrote:
highhoppingworm wrote:
Not that it is any of your business but we will continue paying our daycare tuition so our toddler doesn’t lose his spot.
We will not be paying our in-laws. They will help as they can and are happy to do so. Make sense?
You seem to have a very binary tough guy view of the world. I recommend you try to soften some of your perspectives. You will find more joy in life.
Post the receipts.
Oh wait you're an internet BSing leech child just like the OP.
Why? It's almost impossible to raise children without help from grand parents and aunts and uncles. That's why the fertility rate is dropping, it's becoming increasingly harder to raise a child with only two care givers and practically impossible as a single parent. Good luck to you if you think otherwise.
Tatar wrote:
bryan evans wrote:
Post the receipts.
Oh wait you're an internet BSing leech child just like the OP.
Why? It's almost impossible to raise children without help from grand parents and aunts and uncles. That's why the fertility rate is dropping, it's becoming increasingly harder to raise a child with only two care givers and practically impossible as a single parent. Good luck to you if you think otherwise.
Thank you. It feels good to know I'm doing something practically impossible.
Flagpole, what would you say is an impressive savings for age 28/29?
And Bryan evans, I’m not leaching off my parents. They like me home. And I have a GF that lives in the city I can visit. Really is great being able to live like this and save $6k/month. Don’t know why more people don’t just do this...
Richer than most wrote:
My wife and I are 50. Our net worth is $3M even though we never made more than $150k in a year. We have 3 in college that have no loans. You are terrible at saving.
You are terrible at living. I understand having savings for a rainy day but what is the point in accumulating a bunch of money that you never intend to spend?
If somebody had maxed out their 401k and had significant matching, they would have $400k saved.
What makes you this angry? Go for a run.
Richer than most wrote:
If somebody had maxed out their 401k and had significant matching, they would have $400k saved.
400k is kinda high, and also who cares. 401k is basically worthless beyond the match, because you can’t use it until you’re 59.5
Unless you have kids super late, it’s kinda worthless. Just a bonus in old age. Not like you’re gonna be globetrotting at age 70. It’s also not nearly as much fun as doing it at age 28.
Estimates are that 80% of retirement income will come from 401ks. Where are you getting yours if you don't see the point in having a bunch of money for 30 years of life in retirement?
Richer than most wrote:
Estimates are that 80% of retirement income will come from 401ks. Where are you getting yours if you don't see the point in having a bunch of money for 30 years of life in retirement?
His parents.