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Old 20-03-2012, 03:24 PM
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My household income is about 200k PA. We have 1 kid and another on the way. Since my first child came along, our savings have not grown the last 2 years (though I have to admit that there are more frugal ways to bring up a child, but we chose to indulge in some ways). We share a jap car and have a maid. We give our parents about 1.5k total per month.

I agree that the joys of having a kid far outweighs any material indulgence or holiday joys we can buy. That's the reason why we want to have the 2nd kid. With the kid, we also have no time for holidays (also it's really inconvenient), and it's harder to dine out at nicer/ fine dining places with a young child so we save on that aspect too.

That said, i don't think it takes 200k PA to raise children as I said we chose to have some frills. Since this thread is about savings, we have about 200k cash combined but this is saved from before the kid came along. We target to save at least 35% of our earnings every month.



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