Another strange talent

1.       I am an accountant

2.       We don’t have kids

3.       I don’t like kids.

A guy I work with told me that his GF just learned she was pregnant. In the middle of everyone mobbing him with congrats, he mentions that he doesn’t want to be a father because kids are expensive….so he asked several people how expensive is it to have a kid. The only responses he had was “don’t worry, our insurance covers the Dr. bills(but only if they got married).” And even more “kids change everything, and they are totally worth any expense”. Now this guy is like me  (except he’s not an accountant.) so we sat down with someone who had several kids…..I worked the generic info into a spreadsheet, charts, graphs, everything but a Power Point presentation (because that would have made me look like a total geek(which I am, but they don’t’ know that)).

The results….in our area, to raise a kid from birth to 22….including paying for college and costs to get out of their one bedroom appt and into at least a 2 bedroom for the duration….$1,287,000.00 (excluding inflation rates which would have put it closer to $1.7mil.) to provide the kind of life he wants to give his kid….I gave the guy a hand, made some suggestions on investing strategies, the other person made plenty of suggestions on how to cut costs…we even developed suggestions and adjustments for if the kid got a part time job, if they got married (which they both didn’t want) he’d be able to put the kid on his insurance….now, the total came down to closer to an even $1 mil….over 22 years is about 45,000 a year…this guy makes $26k a year and his GF makes $16k from a pseudo-part-time job…..he asked what he can do…..I said I have no clue. I work with a single mom who has 4 kids and makes just a little more than he does. When we asked her how she does it, she just shrugged her shoulders and said, “I just do”……now she won’t let me pry into her finances to see the real way she does it....so I guess he’s just screwed.

 

While we make a lot more that this guy, I look at ourselves and figure we’d be in the same boat as him if something happened.  It would be the end of fun.  

And how is daycare like $12,800 a year?! Seriously? And diapers $1,000 a year? and dont get me started with formula, baby food, baby books, baby toys.  

People who have kids are crazy.

 

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