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MissMazelTov t1_iy8v87u wrote

Are you planning to have kids? Daycare can easily be $1000 a month per kid, and a lot of couples choose to have one parent stay home instead. I would want a lot more breathing room with the mortgage if kids are in the plans.

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raustin33 t1_iy9kndt wrote

> Daycare can easily be $1000 a month per kid

Was $2k/mo for us. $1k may be low depending on COL.

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MissMazelTov t1_iy9l12a wrote

Yeah, if OP is in a location where there's no "livable houses under $400k", $1000/mo for daycare is probably unrealistically low.

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ProspectiveHomeBuye OP t1_iy8wjx6 wrote

We are in the next 5 years or so. We have lot of family nearby and are hoping that they can offer some help with childcare, but obviously we need to plan as if we won’t have any help.

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MissMazelTov t1_iy8yg41 wrote

Yeah I would be a lot more conservative then until the kids are out of the daycare years or until you increase your income substantially.

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ReduceMyRows t1_iyb9zxv wrote

Don’t just hope, make contingencies for daycare. Better to have extra spending money from daycare than start sacrificing expenses for it

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shadracko t1_iy8wlf5 wrote

Agreed. The numbers Op gives seem perfectly reasonable right now. But that budget requires 2 incomes, unless OP has a substantial raise.

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ReduceMyRows t1_iyb9wbp wrote

Expecting my first born in new years and everyone is telling me it’s 1800+ for daycare

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