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I found an article in one of my Men’s Health magazines and it deals with saving your money and help men decide if they want to have or fund a child. This article is on page 135 in October 2015 issue. Here is the article:
We know it and you know it: Kids slow down your race to retirement. It doesn’t mean you should forgo fatherhood, it does mean you’ll have to strategize differently. Consider: the average middle-income family will spend $245,340 to raise a child born in 2013 according to the USDA. The good news? You’ll probably spend a bit less on every child after the first. The bad news? That figure doesn’t include higher education.
And college spending really matters, not just because it’s a lot of money, but because a lot of men start pondering early retirement just as their teenage kids start to quote prices for text books and meal plans. So incentivize your son or daughter to attend state school. A student at a four-year private college pays an average of $23,476 more a year in tuition and expenses than a student at an in-state public school. Is the extra $23K worth it? No. Using pay data for 1.4 million college grads, the salary information site PayScale estimates that the average return on investment for people who attended public institutions is 13% higher than it is for private alumni.
Keep the change kid! A student’s college loans should not exceed his/her projected first-year salary says Mark Kantrozitz publisher of Edvisors.[END OF ARTICLE]
It’s a good thing I’m not married and don’t have kids and don’t have any major debts. All that money that goes into marriage and kids could go into making my own life more comfortable.
https://themanszone.webs.com/
Child proof your retirement – if you know you never want kids, get a vasectomy.
Women want everything, but want responsibility and accountability for nothing.
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