Comments on: Baby Money Turns One!!! How Much Do You Think We’ve Spent So Far? :) https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/ Money | Minimalism | Mohawks Sat, 13 Jul 2013 01:45:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123422 Sat, 13 Jul 2013 01:45:44 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123422 In reply to Harry @ PF Pro.

Hah! Those are the best too – random presents. I’d much prefer those than ones on my birthday :)

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By: J. Money https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123421 Sat, 13 Jul 2013 01:44:38 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123421 In reply to Lucas.

Heck yeah man, you guys are killin’ it over there! And you’re totally right – I forgot about taxes!! I gotta go back next time and incorporate that in – good catch. Maybe it’ll wipe away my $50/mo padding I’ve added in for when I forget to track stuff, haha…

Keep up the $200!

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By: J. Money https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123420 Sat, 13 Jul 2013 01:39:40 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123420 In reply to Stephanie.

wowwww VERY cool! it’s true we get killed with insurance over here, but oh well… not gonna NOT have a baby cuz of it, eh?

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By: J. Money https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123419 Sat, 13 Jul 2013 01:38:57 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123419 In reply to John Wedding.

8??? I could have sworn she was like 4 or 5 the last time I remember :)

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By: Harry @ PF Pro https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123405 Fri, 12 Jul 2013 18:43:30 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123405 I have a much younger sister(now 5) and I never got her a bday present since I knew she wouldn’t remember it haha. I’ve been getting her presents lately though because I think she’s old enough to remember them.

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By: Lucas https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123393 Fri, 12 Jul 2013 12:10:03 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123393 I have 3 kids and they have cost me almost nothing!! I have tracked it all as well. $500 for startup equiptment and tracking right around and average of $200/month each for food/clothing/diapers/gifts etc. . .

So so far I have spent around
Kid 1 (5) = $300 (birth costs) + $500 + $200*12*5 = $12800
Kid 2 (3) = $2000 (birth costs) + $200*12*3 = $9200
Kid 3 (1) = $10 (birth costs) + $200*12*1 = $2410
Total Spent = $24410

So my main difference on spending is lack of day care which is a huge cost man!!

But you forgot taxes!!! Each kid saves me $1000 in taxes (child tax credit) a year, plus $3600 personal exemption ($3600*.25 marginl rate = $900) . So each kid has saved me

Kid 1 (5) – $5000 + $3600 = $8600
Kid 2 (3) – $3000 + $2700 = $5700
Kid 3 (1) – $1000 + $900 = $1900
Total Saved = $16200

Total bottom line = $8210 for 9 kid years or $912 a year per kid. Yes some of these will go up with more activities later on in life, diapers and formula will go down, savings for college isnt tracked here, and it is difficult to quantify the added cost of a slightly larger home to accomodate my family (which is definitly the biggest actuall cost). But on a recurring cost basis they are pretty cheap :-)

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By: Mike Carlson https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123383 Fri, 12 Jul 2013 07:50:24 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123383 He is so adorable. Being a parent, we only want what’s best for our kid no matter how much we have to spend.

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By: Stephanie https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123377 Thu, 11 Jul 2013 22:42:52 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123377 Happy birthday, Baby $!!!! He is such a cute. :-)

Man, this post makes me sooo glad to have government employee health insurance and retired parents, because those insurance costs and daycare bills are a killer. We’ve managed to keep our monthly baby-related costs to an average of about $200, and it’ll probably actually go down a bit soon since that number included hospital co-pays/deductibles and well as some cloth diaper start-up costs. ;-)

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By: Shafi https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123333 Thu, 11 Jul 2013 08:47:05 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123333 My kids are all grown up. I can easily say “They grow fast.”

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By: John Wedding https://eliteedgemoney.com/baby-money-1st-birthday-costs-tracker-update/#comment-123331 Thu, 11 Jul 2013 03:06:37 +0000 https://staging.eliteedgemoney.com/?p=34564#comment-123331 That is one handsome little guy you have there!

And don’t worry too much about this year going by quickly. The next years will go by MUCH faster! Mine’s eight and she grows up noticeably about every week or so these days.

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