Comments on: A Frugal Middle Class Assessment http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/ Smart Reasons to Save, Use and Invest Money Thu, 09 Feb 2012 07:16:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MoneyReasons http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-775 MoneyReasons Mon, 29 Mar 2010 13:24:07 +0000 http://www.moneyreasons.com/?p=1597#comment-775 Bytta@151DaysOff We're pretty close on the cost to raise a child over here. Last year, Time magazine reported it would cost about $221,000 to raise a child until they are 18 (not including college of course). A little less, but still outrageous. Oh well, that the price we pay... I like the idea of sending them to Germany! It would be interesting to know how many non-Germans actually do that... :) Bytta@151DaysOff
We’re pretty close on the cost to raise a child over here. Last year, Time magazine reported it would cost about $221,000 to raise a child until they are 18 (not including college of course). A little less, but still outrageous. Oh well, that the price we pay…

I like the idea of sending them to Germany! It would be interesting to know how many non-Germans actually do that… :)

]]> By: Bytta@151DaysOff http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-774 Bytta@151DaysOff Mon, 29 Mar 2010 07:29:23 +0000 http://www.moneyreasons.com/?p=1597#comment-774 In Australia, it's estimated that each kid could cost up to $250k until they're 18. If you decide to fund their university, that's another $50k - $100k. Yikes! Another alternative I've been thinking is to teach them German and send them there for free top notch quality university. Not a bad idea, huh? In Australia, it’s estimated that each kid could cost up to $250k until they’re 18. If you decide to fund their university, that’s another $50k – $100k. Yikes!

Another alternative I’ve been thinking is to teach them German and send them there for free top notch quality university. Not a bad idea, huh?

]]> By: MoneyReasons http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-773 MoneyReasons Mon, 29 Mar 2010 05:53:50 +0000 http://www.moneyreasons.com/?p=1597#comment-773 Bytta@151DaysOff lol, college is crazy expensive over here... and the $100,000 estimate is based on just a decent public college. If they decide to go to a private college like my sister did, I don't even thing $200,000 per kid would be enough... Hopefully if the did get accepted to a private college, they would also have some type of scholarship to help with the costs. As for healthcare, we're still a relatively young healthy family. It helps that the company I work for has great benefits. Certain things are free with our healthcare plan at work: Annual physicals, the kids yearly checkups, etc... Bytta@151DaysOff
lol, college is crazy expensive over here… and the $100,000 estimate is based on just a decent public college.

If they decide to go to a private college like my sister did, I don’t even thing $200,000 per kid would be enough… Hopefully if the did get accepted to a private college, they would also have some type of scholarship to help with the costs.

As for healthcare, we’re still a relatively young healthy family. It helps that the company I work for has great benefits. Certain things are free with our healthcare plan at work: Annual physicals, the kids yearly checkups, etc…

]]> By: Bytta@151DaysOff http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-772 Bytta@151DaysOff Mon, 29 Mar 2010 05:18:10 +0000 http://www.moneyreasons.com/?p=1597#comment-772 $100k for each kid? What's the procedure for adoption in US? :) I heard about the skyrocket cost of health insurance in US all the time. How come yours is extremely low? I mean, it's great. I'm just curious on how you defy the trend. $100k for each kid? What’s the procedure for adoption in US? :)

I heard about the skyrocket cost of health insurance in US all the time. How come yours is extremely low? I mean, it’s great. I’m just curious on how you defy the trend.

]]> By: MoneyReasons http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-771 MoneyReasons Sun, 28 Mar 2010 22:34:55 +0000 http://www.moneyreasons.com/?p=1597#comment-771 @Roger, the Amateur Financier The funny thing is that I was pretty happy with my personal income until I read the US News post... I definitely need to work on the earning more income part! That said, we are doing okay, but we could be doing a lot better. It's an interesting time for us, and even considering the "Great Recession", this is our best year to date! @Roger, the Amateur Financier
The funny thing is that I was pretty happy with my personal income until I read the US News post… I definitely need to work on the earning more income part! That said, we are doing okay, but we could be doing a lot better.

It’s an interesting time for us, and even considering the “Great Recession”, this is our best year to date!

]]> By: Roger, the Amateur Financier http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-770 Roger, the Amateur Financier Sun, 28 Mar 2010 21:43:12 +0000 http://www.moneyreasons.com/?p=1597#comment-770 Sounds like you are doing pretty well for yourself, and are staying solidly middle-class. Keep up the great work saving! My biggest deficiency right now is a lack of income, which due to its recurring nature, has also managed to drain my emergency fund dry (not that I had enough money in said e-fund, anyway, but that's a complaint for another day...). If I can get some regular income flowing, I should be able to spackle up the holes in my armor, but it's a tough spot at the moment. .-= Roger, the Amateur Financier´s last blog ..Book Review: Rich Dad’s Guide to Investing =-. Sounds like you are doing pretty well for yourself, and are staying solidly middle-class. Keep up the great work saving!

My biggest deficiency right now is a lack of income, which due to its recurring nature, has also managed to drain my emergency fund dry (not that I had enough money in said e-fund, anyway, but that’s a complaint for another day…). If I can get some regular income flowing, I should be able to spackle up the holes in my armor, but it’s a tough spot at the moment.
.-= Roger, the Amateur Financier´s last blog ..Book Review: Rich Dad’s Guide to Investing =-.

]]> By: Tweets that mention A Frugal Middle Class Assessment | Money Reasons -- Topsy.com http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-769 Tweets that mention A Frugal Middle Class Assessment | Money Reasons -- Topsy.com Sat, 27 Mar 2010 22:17:14 +0000 http://www.moneyreasons.com/?p=1597#comment-769 [...] This post was mentioned on Twitter by MoneyReasons. MoneyReasons said: A Frugal Self Middle Class Assessment - http://b2l.me/k9g7k - I compare myself against the average middle class statistics, TMI? [...] [...] This post was mentioned on Twitter by MoneyReasons. MoneyReasons said: A Frugal Self Middle Class Assessment – http://b2l.me/k9g7k – I compare myself against the average middle class statistics, TMI? [...]

]]> By: MoneyReasons http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-768 MoneyReasons Sat, 27 Mar 2010 11:51:44 +0000 http://www.moneyreasons.com/?p=1597#comment-768 I'm hoping to have about $100,000 saved for each kid. If there is a change of plan, I would have to pay penalties and taxes on the amounts if I took them out, or I would transfer it to another relative (including myself). I’m hoping to have about $100,000 saved for each kid.

If there is a change of plan, I would have to pay penalties and taxes on the amounts if I took them out, or I would transfer it to another relative (including myself).

]]> By: Financial Samurai http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-767 Financial Samurai Sat, 27 Mar 2010 11:23:55 +0000 http://www.moneyreasons.com/?p=1597#comment-767 Don, $64 K is a GREAT nut! How much do you plan to save until, and if you save too much, can you withdraw it after tax and do what you wish? .-= Financial Samurai´s last blog ..<a href="http://www.financialsamurai.com/2010/03/26/interviewing-is-like-dating-hubba-hubba/" rel="nofollow">Interviewing Is Like Dating – Hubba, Hubba!</a> =-. Don, $64 K is a GREAT nut! How much do you plan to save until, and if you save too much, can you withdraw it after tax and do what you wish?
.-= Financial Samurai´s last blog ..Interviewing Is Like Dating – Hubba, Hubba! =-.

]]> By: MoneyReasons http://www.moneyreasons.com/2010/03/a-frugal-middle-class-assessment/comment-page-1/#comment-766 MoneyReasons Sat, 27 Mar 2010 02:22:10 +0000 http://www.moneyreasons.com/?p=1597#comment-766 @LeanLifeCoach Most years we spend less than $1,500 on vacation. Last year, we went to Disney World and Hilton Head, so it cost over $5,000. It about made me sick too! Both were great vacation, but still... I love statistics, and I thought this would be great fun. But after starting I now realize that, while I've been playing great defense (frugality), my offense (earning income) is just fair or really middle, middle class... :) @LeanLifeCoach
Most years we spend less than $1,500 on vacation. Last year, we went to Disney World and Hilton Head, so it cost over $5,000. It about made me sick too! Both were great vacation, but still…

I love statistics, and I thought this would be great fun. But after starting I now realize that, while I’ve been playing great defense (frugality), my offense (earning income) is just fair or really middle, middle class… :)

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