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"Afford" is said in many ways. I know my kids will probably have to take out student loans to go to school. Other than that, you live frugally. Health insurance
by mjh2539 4y ago
"Afford" is said in many ways. I know my kids will probably have to take out student loans to go to school. Other than that, you live frugally. Health insurance costs usually cap out at 3 kids.
- BeFlatXIII 4y agoMy ex and I split over this issue. She wanted to be a stay-at-home mom and "the kids can take out loans like me if they choose to go to college." I wasn't going to bother with children unless I could reasonably guarantee all the benefits to my children that my parents provided me (a.k.a. covering a significant portion of my college expenses).
- mjh2539 4y agoI mean, if things are anything like they are now, they'll end up paying $100/mo on a salary of ~$130,000 to cover the cost of $70,000 in loans that are going to get written off by the federal government in ten more years. (The fact that my wife does not work and we have two children obviously brings down the monthly rate to a significant degree). It's not exactly the incredible expense some folks imagine it to be; it's certainly not worth not having children over. Unless of course you're dead-set on sending your children to Oberlin or Harvard or something and coming out of it with no debt, I don't think it's a reasonable objection. And even if you were dead-set on it, shouldn't you be making enough to be able to afford to let your wife stay at home if she wanted to anyway?
- BeFlatXIII 4y agoThese were also decisions made about 6 or 7 years ago when forgiveness after a decade of $100/mo payments was a reasonable expectation.