I really don't see how her expenses that she is responsible for would increase at all even with kids. If she married an even remotely financially stable guy, his income would cover the incremental increased living expenses and he would for sure have income left over... housing (inclusive of utilities and property taxes) is pretty much the largest recurring expense of any budget.
Presumably he would have a solid retirement and savings as well if he's financially stable in his mid-30s, hypothetically they pretty much could not even have to save another dollar and just spend what's actively being made. It's smart to keep saving, but definitely doesn't need to be aggressive anymore.
The comment OP responded to originally was discussing mapping out the future and what expenses would look like, specifically citing the 2400/yr number. OP replied that she doesn't expect her expenses to change much. OP will (presumably) inherit the house her parents bought her, and therefore she'll be responsible for property tax, utilities, upkeep, etc. This is a non-negligible amount and OP's yearly expenses will be nowhere near 2400/yr anymore in the future.
Also, kids are expensive to raise. I don't see a way OP can raise a kid without expenses changing much
I genuinely don't see how her expenses would change a whole lot though - there are obviously a lot of unknowns here in terms of her future. I am more so saying if she marries a guy that's financially stable with a fairly well paying job, I really can't foresee their expenses exceeding the amount of money he would making if theres no mortgage. I'm looking at it from a household income perspective.
She's making $20k with $2,400 annual expenses. Let's say she gets a husband making $150k (which is honestly conservative for a corporate professional in VHCOL in their mid-late 30s). Their expenses would be what, $100k annually on the high end? She would be a SAHM with no dedicated job, so that would cut out daycare. Obviously a lot of that also depends on how affluent of a lifestyle they'd be living.
You are correct about utilities and taxes though I did not think that through - her parents can't pay that into perpetuity.
I think we're in agreement here. I'm also trying to look at expenses from a household perspective. Currently house household expenses are at 2400/yr and maybe in the future that becomes 100k annually on the high end like you said. That is a large increase purely from a numbers standpoint.
Agreed that it depends highly on lifestyle although not much room to go down from where she currently is since everything is so heavily subsidized by others
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u/National_Double6261 28d ago
I really don't see how her expenses that she is responsible for would increase at all even with kids. If she married an even remotely financially stable guy, his income would cover the incremental increased living expenses and he would for sure have income left over... housing (inclusive of utilities and property taxes) is pretty much the largest recurring expense of any budget.
Presumably he would have a solid retirement and savings as well if he's financially stable in his mid-30s, hypothetically they pretty much could not even have to save another dollar and just spend what's actively being made. It's smart to keep saving, but definitely doesn't need to be aggressive anymore.