I am just wondering the statistics of how people's lives have changed after having a child. My wife and I both make decent for our area. We are not in a high tax range, but we are able to buy the things we want. House, 2 newer vehicles, etc. However, we are being blessed with a little one come June. I have been crunching numbers and we will have around $1000 extra a month for the little one come June unless I am not figuring out finances right. From what I've heard, $1000 is about what more it cost a month to have a child. So we'd be living check to check?
There are a few things we can disconnect. DirecTV is $100, Verizon is $100, and the internet is $65. Verizon can be dropped to $50. I can use the internet from the neighbors and OTA is free. Basically this would take all of our entertainment to a minimum.
Am I overreacting or do I need to cut more corners?
Just throwing up a poll to see how others are affected. You can post other.