Raising children is expensive, but that hasn’t stopped Nic and Court from keeping their annual expenses below $25,000, even with a 2-year-old daughter.
“What we are able to do now in our 30s with a child, a lot of it stems from setting us up to be in this position when we were in our 20s,” Court said. Back then, they did it so that they could pay down debts such as student loans and a mortgage while also traveling, but the financial habits they developed a decade ahead made it easier to raise a child while being financially conscious. “We never really let lifestyle creep impact us.
Of course, they do still buy clothes and toys for their daughter, Finn, but much of those purchases are secondhand or hand-me-downs. The car seat for their daughter was new, but otherwise they often rely on online community groups to find families who want to get rid of stuff their babies never or barely used.
They are considering welcoming a second baby into their family, and have already run the numbers for that. Nic and Court save $2,500 a year per child for college expenses, as well as have extra money set aside in their budget to account for an additional child — money that will go toward clothes, extra food, activities and so on. They’ll also have some of Finn’s old clothes and items, like a high chair and stroller, that a sibling can use.
Give me a breaaaaakkkk. White people living in the woods, eating the most boring things probably
Wow, low living cost per year in America it's the equivalent to the amount made in 8.3 years with minimum market salary in Mexico
By living in the woods?