Fourtitude.com - Daycare lotto: how will/did you spend your winnings?
Username or Email Address
Do you already have an account?
Forgot your password?
  • Log in or Sign up

    Fourtitude.com


    Page 1 of 7 12345 ... LastLast
    Results 1 to 25 of 166
    1. Member
      Join Date
      Jan 18th, 2018
      Posts
      3,229
      Cars
      '13 Optima SX-L, '11 MKX, '06 ER-6N
      06-10-2019 10:47 AM #1
      We have one now ($1200/mo) and are shooting for another one. Trying to get my duck in a row to fix the fleet before that bill grows

      But I tell you hwut. If we had that extra money, I'd probably be rocking a C6 GS convertible for the fun car and an MK7 GTI for the daily. I'd save the rest

      For all the parents with kids in day care... is your fleet going to change once they're out? Or no?

    2. Remove Advertisements

      Advertisements
       

    3. Member mack73's Avatar
      Join Date
      Jan 2nd, 2002
      Location
      Seattle
      Posts
      11,585
      Cars
      '12 Evora S, '08 LR3, '12 A6 3.0T
      06-10-2019 10:52 AM #2
      Nope.... somehow the before and after care costs the same as watching them all day...……………..
      '12 Lotus Evora S: My Fast Ride
      '12 A6 3.0T: The Wife's Fast Ride
      '08 LR3 HSE: The Daily/Off-Roader

    4. 06-10-2019 10:52 AM #3
      Quote Originally Posted by CTK View Post
      For all the parents with kids in day care... is your fleet going to change once they're out? Or no?

      Nope.

      Still handy to have the family truckster with the Equinox. Still fun to do burnouts with a child seat in the back with the SS.
      2017 Chevy SS | 1977 Trans Am
      ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

    5. Member Nealric's Avatar
      Join Date
      Feb 16th, 2013
      Posts
      6,897
      Cars
      '16 WRX STI, Turbo S3 Alfa Spider, Family Truckster
      06-10-2019 10:57 AM #4
      $2,200 a month here with two kids. That would work out to $120k to spend on a car on a 5 year loan with 2% interest. After giving it some thought, I think I'd go with a childhood dream car: 993 Turbo. The best examples are out of the price range, but some slightly higher miles or modded examples stay under $100k. Like so:

      https://bringatrailer.com/listing/19...-911-turbo-12/



      I'd spend a few grand going back to the stock whale tale and getting rid of that lip. The remainder would go to a spec miata, trailer, and tow vehicle.

    6. Senior Member UncleJB's Avatar
      Join Date
      Jul 2nd, 2002
      Location
      NH Lakes Region
      Posts
      21,277
      Cars
      15 GSW, 15 Passat Sport, 03 20th, 88 Cabby, 64 Yamaha
      06-10-2019 10:58 AM #5
      Quote Originally Posted by mack73 View Post
      Nope.... somehow the before and after care costs the same as watching them all day...……………..
      Exactly. Just because they are out of daycare doesn't mean the spending stops. I was so excited when my daughter was to start kindergarten thinking about all of the extra money we would have. Then I realized school doesnt start until almost 9AM so we had to sign up for daily before school care.

      Oh and then school lets out at 2:55pm...time to sign up for after school care. Oh and then in the summer you have to find a "camp" M-F for them to go to or various mini camps.

      Don't start counting your winnings yet. The spending never ends.

    7. Senior Member Sporin's Avatar
      Join Date
      Feb 17th, 1999
      Location
      Vermont, USA
      Posts
      31,276
      Cars
      '94 Miata - '16 RAV4 - '10 Prius
      06-10-2019 10:59 AM #6
      My son went straight from daycare to K-5 private school. With financial aid the cost was about the same.

      When he switched to public school, we “spent” it by not spending it. Was nice not nearly zeroing our checking account every month.

      Our big bump came when we paid off our student loans and our new car loan on the same month of the same year. Was like getting $1000 raise. It mostly just became savings/cushion and has remained that way ever since. Since I started freelancing and being stay-at-home dad at that time, our overall income growth has been pretty flat.

      Boring TFL but it’s been the best for us.

    8. Member Nealric's Avatar
      Join Date
      Feb 16th, 2013
      Posts
      6,897
      Cars
      '16 WRX STI, Turbo S3 Alfa Spider, Family Truckster
      06-10-2019 10:59 AM #7
      Quote Originally Posted by UncleJB View Post
      Exactly. Just because they are out of daycare doesn't mean the spending stops. I was so excited when my daughter was to start kindergarten thinking about all of the extra money we would have. Then I realized school doesnt start until almost 9AM so we had to sign up for daily before school care.

      Oh and then school lets out at 2:55pm...time to sign up for after school care. Oh and then in the summer you have to find a "camp" M-F for them to go to or various mini camps.

      Don't start counting your winnings yet. The spending never ends.
      I'm not naive enough to think that the spending will stop, but after school care is a lot cheaper than full-day daycare around here. Anyhow, this should be more about the cars we will spend our "winnings" on
      Last edited by Nealric; 06-10-2019 at 11:02 AM.

    9. Member
      Join Date
      Aug 4th, 2016
      Posts
      1,585
      Cars
      Fancy Accord, 'Reliable' Family Truckster, Plug-in Bulldog
      06-10-2019 11:04 AM #8
      Quote Originally Posted by Nealric View Post
      I'm not naive enough to think that the spending will stop, but after school care is a lot cheaper than full-day daycare around here. Anyhow, this should be more about the cars we will spend our "winnings" on
      Yeah, it's significantly different here. Same school our older one goes to is ~$950/mo full time vs something like $300/mo afterschool. Same place, which we love and is about 1/2 mile down the street. You can get a lot of car for $650/mo. Not that I will though, because saving for college... yay.

      edit: since we've been thinking about our "Realistic" dream fleet anyway... we'd keep the van because needs, but I'd swap the i3 for a TM3P and the TL for a JLU sport in mojito!. going from our theoretical worst case, ~$2k/mo to two in afterschool would probably cover that.
      Last edited by zmt2; 06-10-2019 at 11:07 AM.

    10. Member
      Join Date
      Oct 22nd, 2007
      Location
      Syracuse, NY
      Posts
      1,932
      Cars
      '17 GTI, '18 F22, '13 E88, etc.
      06-10-2019 11:06 AM #9
      Zero kids and a 718 S on a boat. I guess I put my money where my mouth is?

    11. Member Surf Green's Avatar
      Join Date
      Feb 16th, 1999
      Location
      Silver Spring, GerryMarylandering
      Posts
      14,064
      Cars
      2 Manuel Turbo Wagons... One is incredibly slow.
      06-10-2019 11:06 AM #10
      DC area child care is stupid expensive, unless you want your kids drugged up on Tylenol all day.
      Aftercare (KAH) runs roughly 1/3 to 1/4 the cost of full day care. So it is very much like winning the lottery.

      You lived without it before, I'd recommend using the extra to build a slush/cushion fund so that $400 emergency doesn't lead to bankruptcy.

      I did buy a more capable 'fun' car... but nothing flagship level.
      Last edited by Surf Green; 06-10-2019 at 11:08 AM.
      I keep up with traffic with only 90 hp. What's your superpower?
      2002 Golf Wagon TDI, 200k - 2007 Fuji Heavy Industries WRB WRX Wagon, 115k
      Past: 1996 Surf Green GTI VR6 - 1985 Golf 1.8L - No Trim Level Edition

      Grammatical and spelling errors may be intentional

    12. Member BluMagic's Avatar
      Join Date
      Apr 9th, 2008
      Location
      The middle west
      Posts
      5,674
      Cars
      Twin Turbo Barge & Old Japanese Land Yacht
      06-10-2019 11:10 AM #11
      I'm just going to prepare for the brutality of tuition prices 14 years down the road

    13. Member pwm's Avatar
      Join Date
      Feb 26th, 2009
      Posts
      2,100
      Cars
      what have I done?
      06-10-2019 11:15 AM #12
      Last year I paid $615/week for 2 kids. My oldest went to kindergarten and aftercare only last September, and the price dropped to $325/week. I beefed up savings in either cash or investments, and then increased the savings for their college funds. We were comfortable when having to pay it the daycare bill, so I tried to be responsible and avoid lifestyle creep while still paying for the youngest. I imagine I'll splurge a little when they're both done with daycare. It'll probably be a nicer daily though instead of a toy. Too much stuff to do and not enough time for a toy.

    14. Member Samson's Avatar
      Join Date
      Dec 2nd, 1999
      Posts
      11,898
      Cars
      Ghetto35, Lifted AWD Prius
      06-10-2019 11:24 AM #13
      It'll be a while before our mortgage+ payment for daycare is over. When that happens, I'd probably not buy anything different than I would now. I like cars and all, but they aren't something that I'm willing to spend a whole lot of money on, regardless of available funds. I'd blow it on bicycles instead. Boring, I know.

    15. Member The_Real_Stack's Avatar
      Join Date
      Oct 18th, 2016
      Location
      Arlington Heights, the center of the universe
      Posts
      1,285
      Cars
      AP1 and JLU
      06-10-2019 11:25 AM #14
      May I suggest some ground rules?

      Here’s a reverse payment calculator. Let’s assume 2% interest and 60 months, no down payment. Let’s assume a net new car, I.e. doesn’t have to be practical, because you still have your current fleet.

      https://eaglefederal.org/resources/c.../reverse-loan/

      Current daycare bill is about $1450/mo, $1200 for kid #2, and $250 (before/after care) for kid #1.

      That’s $82,725. That puts me in a lightly optioned Cayman GTS.

      Last year, I was at ~$3200/mo.

      That gets me almost exactly $100k more, $182567. Puts me in this <3k miles Ferrari 458, please.

      https://www.ebay.com/itm/2012-Ferrar...IAAOSwoB9c83a9
      Quote Originally Posted by Volkl View Post
      My wife wanted a SUV with a manual transmission. I suggested a Wrangler, she said no way, too masculine

    16. Senior Member A.Wilder's Avatar
      Join Date
      Mar 1st, 2003
      Location
      Raleigh, NC
      Posts
      28,465
      Cars
      Ferrari La Ferrari
      06-10-2019 11:27 AM #15
      Quote Originally Posted by The_Real_Stack View Post
      Last year, I was at ~$3200/mo.
      at that point my wife and I discuss one of us staying at home until at least one kid is in public school. That's a lot of dough.
      signatures are annoying, right?

    17. Member OttaCee's Avatar
      Join Date
      Mar 31st, 2000
      Location
      Quincy, MA
      Posts
      1,227
      Cars
      2012 GTI 4dr DSG, 02 4Runner SR5 4x4
      06-10-2019 11:28 AM #16
      $2500/month for two kids full time. Drops to $1275 in the fall, cannot wait to refund my investments and maybe get a new car. Its been 5 years so far of childcare, with only 3 more before all of them are into schools.
      12 GTI 4dr DSG - APR
      02 4Runner SR5

    18. Member madrussian's Avatar
      Join Date
      Mar 29th, 2003
      Location
      Akron, OH
      Posts
      7,483
      Cars
      LS & Bags...
      06-10-2019 11:28 AM #17
      i doubt i'll change much because im trading daycare for private schools....

      that being said, we pay $200 a week for in home care for 2 kids. basically 2 days for my sil to watch them and then the other 2 days my mil's each split.

      i still bitch about the $800 or so we pay a month but realize we're way better off than a lot of people in terms of costs.

      it is nice to think about what $800 could buy in vehicles though...

    19. Member
      Join Date
      Aug 22nd, 2014
      Location
      Houston
      Posts
      305
      Cars
      2012 Accord, 2012 Escape, 69 (nice) Beetle
      06-10-2019 11:33 AM #18
      We're not sure if we get a big camping and road trip car or a sporty something or an electric. My wife does 3 miles a day to the park and ride, I might do 100 miles a day going between plants and picking up kids, so a van or land cruiser at 10mpg might not make sense for me, but a battery i3 might not make it.

      My wife has only picked 2 cars in her life (35). Her parents got her an altima in high school, and she bought her sisters escape when she moved out of country. I've been through 19 cars, and didn't slow down after kids (truck, van, focus, BMW, minivan, jetta, accord). I get raises and bonuses as my career progresses, so my expendable income hasn't really changed with kids and house (still zero according to my wife lol!).

    20. Member
      Join Date
      May 27th, 2008
      Location
      Malvern, PA
      Posts
      7,637
      Cars
      2015 GMC Sierra, '98 5.3L Wrangler, '01 International 4700, too many trailers
      06-10-2019 11:33 AM #19
      Quote Originally Posted by mack73 View Post
      Nope.... somehow the before and after care costs the same as watching them all day...……………..


      Quote Originally Posted by UncleJB View Post
      Oh and then in the summer you have to find a "camp" M-F for them to go to or various mini camps.

      Don't start counting your winnings yet. The spending never ends.


      That's if there's a camp that week.

      Or not counting the last week of school is a week of half days.

      Buy it 6 months ago and save $7 now you better have a job lined up that week.

      Next year I'm buying a 21'er and taking the summer off. To save money over camps.

      Quote Originally Posted by BluMagic View Post
      I'm just going to prepare for the brutality of tuition prices 14 years down the road
      DIY vasectomy would have been easy.

    21. Member OptimusGlen's Avatar
      Join Date
      Feb 14th, 2002
      Location
      Minnesota
      Posts
      7,350
      Cars
      74 R90/6, 957, 914
      06-10-2019 11:35 AM #20
      yeah we got lucky there, paying $160/wk for an in-home daycare on my route to work.

      Currently we have two SUV's (Cayenne S, Q5) and my fun car ('71 Porsche 914) but I'm sure as soon as the little one can buckle herself into a booster we'll swap out to more fun daily drivers.

      We're one-and-done though, had some pretty serious health complications with the wifey so I got the 'ol snip-snip. No regrets.

    22. Member masa8888's Avatar
      Join Date
      May 5th, 2003
      Location
      Reston VA
      Posts
      8,074
      Cars
      2019 VW Atlas SEL R-Line, 2000 911 Carrera, 2005 Audi TT 3.2 Quattro
      06-10-2019 11:37 AM #21
      Once we had our 3rd last year, we decided to get an au pair. The older 2 kids are in school so we are actually spending slightly less now than a few years ago when both older kids were in daycare. Annual expenses including agency fees, wages, and insurance is around $25k. Unfortunately / fortunately, I don't think we'll see any decrease in spending even when our youngest goes to kindergarten because we'll likely continue having an au pair / nanny around. We've gotten too spoiled having an extra pair of hands.

      But if the daycare lotto does hit, I'd trade my 996 for a V8 Vantage, 997 or 1st gen R8.
      Last edited by masa8888; 06-10-2019 at 11:41 AM.

    23. Member The_Real_Stack's Avatar
      Join Date
      Oct 18th, 2016
      Location
      Arlington Heights, the center of the universe
      Posts
      1,285
      Cars
      AP1 and JLU
      06-10-2019 11:38 AM #22
      Quote Originally Posted by A.Wilder View Post
      at that point my wife and I discuss one of us staying at home until at least one kid is in public school. That's a lot of dough.
      It sucked ass. But, it was temporary. Leaving the workforce for a professional will cost exponentially more. Loss of bonuses, compounding raises, 401k match, etc etc etc.

      But yeah. My last four years have been:
      2015: bought house
      2016: renovating house
      2017-2018: insane childcare bill
      2019: ahhhhh relief
      Quote Originally Posted by Volkl View Post
      My wife wanted a SUV with a manual transmission. I suggested a Wrangler, she said no way, too masculine

    24. Member
      Join Date
      Jan 17th, 2008
      Location
      Arlington, VA
      Posts
      1,399
      06-10-2019 11:49 AM #23
      Like a couple others said, it'll go into the 529 plan for college.

      But that should free up some money indirectly to help keep the old cars on the road.
      -------------------------
      02 S6 Avant
      73 914 2.0 - 2.7 conversion in progress
      64 356 SC / 65 Ducati Falcon 80
      99.5 A4 2.8 Q Tip - RIP taken out by a tree 19.5 after buying

    25. Senior Member A.Wilder's Avatar
      Join Date
      Mar 1st, 2003
      Location
      Raleigh, NC
      Posts
      28,465
      Cars
      Ferrari La Ferrari
      06-10-2019 11:52 AM #24
      Quote Originally Posted by The_Real_Stack View Post
      It sucked ass. But, it was temporary. Leaving the workforce for a professional will cost exponentially more. Loss of bonuses, compounding raises, 401k match, etc etc etc.

      But yeah. My last four years have been:
      2015: bought house
      2016: renovating house
      2017-2018: insane childcare bill
      2019: ahhhhh relief
      Yeah, I understand that for certain careers and professionals you just can't take the time off.
      signatures are annoying, right?

    26. Member JUSTAGL's Avatar
      Join Date
      Feb 28th, 2001
      Location
      Northern NJ
      Posts
      1,694
      Cars
      04 Volvo XC90
      06-10-2019 12:06 PM #25
      Quote Originally Posted by JMURiz View Post
      Like a couple others said, it'll go into the 529 plan for college.

      But that should free up some money indirectly to help keep the old cars on the road.
      I will probably do something like this. I might have to update the aging fleet, but for the most part the money will just go back into savings.

    Page 1 of 7 12345 ... LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •