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> It’s simple. Having a family costs a fuckton of money I've got two young kids. I wouldn't say day to day expenses are particularly huge. Sure you can go wil
by mattlondon 2mo ago
> It’s simple. Having a family costs a fuckton of money
I've got two young kids. I wouldn't say day to day expenses are particularly huge.
Sure you can go wild and buy them designer clothes/shoes they grow out of in 6 months, or you can fill every waking moment with white-knuckle entertainment and excitement and that all costs money. But you don't need to do that, the kids don't care what they wear so long as it's got a robot/unicorn/etc on it, and they're often very happy playing with a cardboard box, a small amount of generic Lego, and their imagination.
Food cost is almost a rounding error. Barely anything for an extra loaf of bread, an extra packet of cereal, some more chicken etc. peanuts.
The main cost - beyond needing to live in a larger house which I probably would have got anyway even without kids - is the opportunity cost of having kids: I've probably missed a promotion or two because I've had to say no to work travel, projects, late meetings with the US office etc to go kid related things. That and UK nursery costs are bigger than the mortgage, but again that is "optional" and only for the first few years.
Good luck
- robot_jesus 2mo agoYeah. And the first chart on the page highlights that. It's the drop in income or (to your point, even the opportunity cost of missed promotions) that is most challenging. Though my kids are amazing and absolutely worth it, no questions asked, I did feel like i was playing catchup in my career starting in my mid-30s.
- mattlondon 2mo agoAt least for me, our income did not decrease at all like it does in the chart. It went up but only by normal small inflationary increases. A one-off 1500 USD is not going to m move the needle in the grand scheme of things for me (and I am fortunate to be in that position I acknowledge) I'm probably 8-10 years behind where I thought I would be in terms of promotions though (and the chunky pay rises that come with it) - I've basically been treading water since my wife was pregnant with the first kid because I had to say no to things at work so I could focus on family. I'm fortunate to have a very chill employer, but there have been many, many, many times where before children I'd simply have stayed late at the office to get something done or done a bit of work at the weekend or jumped on a plane somewhere with less than 24 hours notice or whatever. Instead things just have to wait to the morning or Monday, or I don't respond to messages any time of the day/weekend, or I am not there for that critical meeting with the stakeholders because its in Dallas or at 9pm UK or whatever. I am only just starting to emerge tentatively from the other side of that now about 7 years later, and even then very very tentatively as I am basically 24/7 on-call for family emergencies that trump anything else. Your wife and family won't believe you if you say it's impacted your career as the man or that it's hard to context switch - they'll laugh and dismiss your feelings as the narrative is that it is typically the mother who makes the sacrifices etc, but even if the mother is the stay at home parent there is still a major impact on the husband's career and work (or it has been for me anyway) but don't ever dare say that to a mother because they have a monopoly on that position.