Originally Posted by InaX5
I am about to have child # 5. We are classed working poor, yet through smart spending & an ability to know how to make extra money when needed / wanted. We do OK. We even have a few extras. I feel more prepared financially then ever before.
I believe there are 2 reasons you hear people comment on not being able to afford more children.
1. poor spending habits.
2. an unwillingness to give up regular extravagances.
You love your children enough you will find away, no matter how tough things are financially, or how tough they get. Plus, if you don't feel that an additional child is an expense you can't figure out, then your better prepared if harder times hit.
This reminds me of the classic slam on WMs - "you could afford to if you just wanted it badly enough."
On one level, sure, if i suddenly became pregnant with quadruplets, we wouldn't starve to death. But many of the things we want for our children would have to be sacrificed.
Much of what people are posting is the Quality vs Quantity debate (this is an oversimplication, of course). People who say they cannot afford adding another child or four to their families, are saying it would diminish the quality of their parenting. Others (often with big families) argue that the quality of their parenting is not negatively impacted, and possibly enhanced by having a larger family.
I believe both are true. A big family is a completely different dynamic, lifestyle, structure, etc than a small family - even if each child receives equal amounts of financial coverage as a smaller family.
I personally do not enjoy nor want that dynamic for my family - I fully respect the families who do, I just don't need nor want it for myself.
And adding money back into the equation, children do cost on average in the US $120K for 18 years, not including college education, private schools, fancy lessons, nintendo game systems, etc.http://www.moneycentral.msn.com/arti...tlkidscost.asp
This article breaks it out by income level - under $40K vs over, etc. The number is an average for a two kid family - onlies cost more per kid than the third or fourth kid, etc. But the fact is that there are some per child costs that can't be dispensed with, such as dentistry or food.
There are many things we do spend our money on, such as membership in our community pool, tithing at church, preschool, an au pair for our boys, a larger house in a great neighborhood that we could do without if needed. But they are expenditures made in the best interest of our kids and to do without them would in my estimation for my family, negatively impact my kids.
Just my 2 cents.