facebookTo parents out there, are you able to save money after having kids? If yes how much % can you save? - Seedly

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Anonymous

08 Jan 2024

Parenting

To parents out there, are you able to save money after having kids? If yes how much % can you save?

Discussion (4)

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Cryotosensei

20 Jan 2024

Blogger at diaperfinancingfund.blogspot.com

Yes. I force myself to input $400 into my SRS every month

It really depends on a few factors but yes, plenty of parents can save money after kids. For us, it was probably less in the early years just due to all the expenses like diapers, formula, baby gear etc. But it's gotten easier as they've gotten older. I'd say we're able to put away about 10-15% of our income now into savings. The trick is watching your spending, having a budget, prioritizing needs over wants. And kids don't have to break the bank - there are lots of free activities like parks, and libraries. You got this!

Kent Toh

10 Jan 2024

Consultant at Sprinklr

I think its better to save first then spend on kids.

Savings for future plans / retirement shouldn...

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