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Kids expenditure

Chalanachithram.com DB » New TF Industry Related » Archive through April 01, 2016 » Kids expenditure « Previous Next »
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Andhrawala
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Posted on Thursday, March 31, 2016 - 03:01 pm:       


Humpty_dumpty:

dance piano kee per week 100 antay again going for specialized annattay kadha

even if kid is doing multiple activities, I would keep one spl and other rec level




weekly kaadhu ivi monthlyy
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Humpty_dumpty
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Posted on Thursday, March 31, 2016 - 02:54 pm:       


True_indian:

hympty its moe than that

aloha 275, dance 100, piano 125,
going to add tennis or golf private lessons this year

vastundi bagane



avg american joe lekkalu annai
aloha out of the equation ...dance piano kee per week 100 antay again going for specialized annattay kadha

even if kid is doing multiple activities, I would keep one spl and other rec level
 

True_indian
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Posted on Thursday, March 31, 2016 - 01:28 pm:       


Humpty_dumpty:




hympty its moe than that

aloha 275, dance 100, piano 125,
going to add tennis or golf private lessons this year

vastundi bagane
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Ustad
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Posted on Thursday, March 31, 2016 - 01:12 pm:       


Humpty_dumpty:


Good to know.
Negative people suck the life out of you. Stop wasting time fighting battles and trying to win people over that don’t matter.
 

Humpty_dumpty
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Posted on Thursday, March 31, 2016 - 01:06 pm:       


Ustad:

other activity expenses will go up so it evens out.


idhemi antha kaadhu
depends on what type of activity and what level - recreational vs compepetitive
ice hockey, ice skating range antay vaasthundhee when you go for good coaches
same with other sports too

typical 8 weeks rec season kee 150 dollars ...compare that to pvt presechool typically 1500 dollars per month
 

Ustad
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Posted on Thursday, March 31, 2016 - 12:55 pm:       


Andhrawala:

Kids childcare expense is limited to first 4-5 years

Once in school 80% of the kids go to public school. so aa dabbu ni college fund kinda save and invest cheyoccchu



As they grow...other activity expenses will go up so it evens out.
Negative people suck the life out of you. Stop wasting time fighting battles and trying to win people over that don’t matter.
 

Andhrawala
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Posted on Thursday, March 31, 2016 - 11:08 am:       


Ustad:

Assuming kid is going to public school & both parents are working, each kid Min. 1K/month for childcare (not required if only one parent is working) + activities




Kids childcare expense is limited to first 4-5 years

Once in school 80% of the kids go to public school. so aa dabbu ni college fund kinda save and invest cheyoccchu

Ika once in shcoll kids activities ki around $500 per kid per month vuntundhi for things like Taekwondo, music, swimming, Tennis etc.

Ikkada kids typically dont expect properties from inheritance unlike in India where it is quite natural to expect
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Ustad
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Posted on Thursday, March 31, 2016 - 10:58 am:       

Assuming kid is going to public school & both parents are working, each kid Min. 1K/month for childcare (not required if only one parent is working) + activities.
Negative people suck the life out of you. Stop wasting time fighting battles and trying to win people over that don’t matter.
 

Andhravodu
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Posted on Thursday, March 31, 2016 - 10:45 am:       


Urumi:




Yes, India registered trust unte India lo kooda cheyochu. Family can use it, but vallaki ownership undadu, only trust head ki untadi aa power
Some things don't change. the rest are useless
 

Andhrawala
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Posted on Thursday, March 31, 2016 - 08:59 am:       


Urumi:

Risingstar:

REIT emoo?

ante enti andi ?




Real Estate Investment Trust
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Tombrady
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Posted on Thursday, March 31, 2016 - 08:56 am:       


Chillarodu:

Yeah family of 4 tickets.
ammai vunte.. wife and kid jewelry etc. karchulatho.. savings baaga shave avuthai




yep, esp india la school fees too much
 

Urumi
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Posted on Thursday, March 31, 2016 - 05:41 am:       


Andhravodu:



Risingstar:


india lo properties kooda edanna trust kinda add cheyyachha andi ?
 

Chillarodu
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Posted on Wednesday, March 30, 2016 - 04:33 pm:       


Tombrady:

inka india kelithe minus lo vuntam emo




Yeah family of 4 tickets.
ammai vunte.. wife and kid jewelry etc. karchulatho.. savings baaga shave avuthai
 

Andhravodu
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Posted on Wednesday, March 30, 2016 - 04:09 pm:       


Urumi:

trust




trust unte, managing cheyatam easy. property not on person, but trust kabatti, kid ni trust head ga appoint cheste, saripoddi. tax current rate lo pay chestaru, not valuation as in future
Some things don't change. the rest are useless
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 04:08 pm:       


Urumi:

ante enti andi ?




Rest estate investment trust
CNKV
 

Tombrady
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Posted on Wednesday, March 30, 2016 - 04:06 pm:       


Andhravodu:

naku 1 kid ki ~1500 a month. end of day, tadisi mopedu avutundi, no savings


inka india kelithe minus lo vuntam emo
 

Urumi
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Posted on Wednesday, March 30, 2016 - 04:03 pm:       


Risingstar:

REIT emoo?


ante enti andi ?
 

Manthri
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Posted on Wednesday, March 30, 2016 - 04:01 pm:       

Kids college education : How much they need ?
 

Andhravodu
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Posted on Wednesday, March 30, 2016 - 04:01 pm:       

naku 1 kid ki ~1500 a month. end of day, tadisi mopedu avutundi, no savings
Some things don't change. the rest are useless
 

Twitter
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Posted on Wednesday, March 30, 2016 - 03:59 pm:       

ee thread choosaka confirmed nen bpl guy ani :-(
 

Rajusk
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Posted on Wednesday, March 30, 2016 - 03:55 pm:       


Sony:

baboi, ee numbers enti, tuth teriki monati varaku middle class jeevitam anukunna, anthakante takkuva anamanta naa situation




nen bhi eggjacktly ide anukontunna..

nuvvu post sesav..nen veyyaled anthe :D
 

Sony
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Posted on Wednesday, March 30, 2016 - 03:35 pm:       


True_indian:

couple of my friends bought houses for 300-400 range, put that in a trust with kids name, rent it out, pay the mortage and extra towards the principal
sell the house when kids go to college for their tutition
not sure of yearly taxes


awesome idea.
 

Sony
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Posted on Wednesday, March 30, 2016 - 03:34 pm:       

baboi, ee numbers enti, tuth teriki monati varaku middle class jeevitam anukunna, anthakante takkuva anamanta naa situation
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 03:32 pm:       


Urumi:

trust enduku andi ?? any specific reason ?




REIT emoo?
CNKV
 

True_indian
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Posted on Wednesday, March 30, 2016 - 03:30 pm:       


Risingstar:



you cant guess it kada, its a mutual fund so depends on fund performance
but if you basic rate of appreciation you will be get there
you can call vanguard or t rowe, fidelity, they can suggest more
i add more money once ina while to even out the appreciation
probably planning to do more from this year since she doesnt have school fees
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 03:28 pm:       


True_indian:

she will get more than 300-400k




exact appx idea undha annai
CNKV
 

True_indian
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Posted on Wednesday, March 30, 2016 - 03:27 pm:       


Urumi:

trust enduku andi ?? any specific reason ?



not sure but what i understood is that they can only manage, they cant sell it
it avoids temptation to sell and buy another
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Mrhyderabad
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Posted on Wednesday, March 30, 2016 - 03:19 pm:       

How do you count Kids expenses separately? only school /day care fees aa?
Don't say you don't have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein
 

Urumi
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Posted on Wednesday, March 30, 2016 - 02:57 pm:       


True_indian:

bought houses for 300-400 range, put that in a trust with kids name




trust enduku andi ?? any specific reason ?
 

Chillarodu
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Posted on Wednesday, March 30, 2016 - 02:43 pm:       


Sanju:

5.5M save cheyyalanta retirement appatiki...how andi how?




ante ippudu yearly income ekkuva ayivuntundhi. It shows based on your current earnings.

Overall 10-15% of income savings tho calculate chesthundhi to achieve your target.
 

Sanju
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Posted on Wednesday, March 30, 2016 - 02:35 pm:       


Chillarodu:

https://www.calcxml.com/calculators/retirement-calculator

How much do I need to save for retirement


5.5M save cheyyalanta retirement appatiki...how andi how?
 

True_indian
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Posted on Wednesday, March 30, 2016 - 02:32 pm:       

couple of my friends bought houses for 300-400 range, put that in a trust with kids name, rent it out, pay the mortage and extra towards the principal
sell the house when kids go to college for their tutition
not sure of yearly taxes
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Xxx
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Posted on Wednesday, March 30, 2016 - 02:32 pm:       


True_indian:

ut if i withdraw for any unforeseen causes




k got it
-
 

True_indian
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Posted on Wednesday, March 30, 2016 - 02:30 pm:       


Xxx:

if it is 529 fund and funds are used for education , they should be tax free naa?




if used for education yes but if i withdraw for any unforeseen causes
i have to pay tax on capital appreciation
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Xxx
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Posted on Wednesday, March 30, 2016 - 02:29 pm:       


True_indian:

529 in t rowe price targeted collegefund, every month




if it is 529 fund and funds are used for education , they should be tax free naa?
-
 

Chillarodu
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Posted on Wednesday, March 30, 2016 - 02:27 pm:       

https://www.calcxml.com/calculators/retirement-calculator

How much do I need to save for retirement
 

True_indian
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Posted on Wednesday, March 30, 2016 - 02:25 pm:       


Risingstar:

I have asked long back. 16 years tharvatha 500k kavalantee how much I need to save every month ani. what is the best plan?




rising,

i put 1k in her 529 in t rowe price targeted collegefund, every month
i used 18yrs date from her DOB, i dont do management, she was born in 2009, my plan is 2027, hopefully she will get more than 300-400k, i keep adding some money whenever i can to make it 500k

mine are after tax funds, i dont get any tax break, i can withdraw any time i want, only pay taxes on the appreciation not principal
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Dreamcatcher
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Posted on Wednesday, March 30, 2016 - 02:23 pm:       


Risingstar:

16 years tharvatha 500k kavalantee how much I need to save every month




long long time back T_I vukul told... since kid born, 1200 or 1500 per month investing to make it a million by kid's 21st birthday...confirm with him.
 

True_indian
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Posted on Wednesday, March 30, 2016 - 02:21 pm:       


Chillarodu:

My neighbor sends his both kids to private school.
$30,000/year each. So $60,000 only school fee kadathad.



i used to do it, did it for 2 years before my daughter got in gifted school( funded by govt)

school fees 24k( Pre-k, and TK) , application fees 1k per year, lunch 3k, shoes dresses atleast 1-2k, 30k just for school

dance, swimming, kumon another 400 /m

but if you have second kid you get 30-40% discount in school fees
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Xxx
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Posted on Wednesday, March 30, 2016 - 02:20 pm:       


Rajusk:

. 16 years tharvatha 500k kavalantee how much I need to save every month ani. what is the best plan?




$4,000 state individual income tax deduction for Virginia taxpayers**

tax free when withdrawal , both state and federal ..

you will invest in mutual funds or what ever plan you like
-
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 02:03 pm:       


Rajusk:

16 years paatu kabza kaakonda oka land konu ivvala oka 100K petti vindia lo..all set




ippudu unna okadani meedha (100k worth) stamp vesi alage unchukuntee 500k avuthaya 16 years ki? bhale chepthar raju garu mee kaburlu maa Coca kooda nammadu
CNKV
 

Rajusk
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Posted on Wednesday, March 30, 2016 - 02:00 pm:       


Risingstar:

16 years tharvatha 500k kavalantee how much I need to save every month ani. what is the best plan?




16 years paatu kabza kaakonda oka land konu ivvala oka 100K petti vindia lo..all set :D
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 01:52 pm:       


Fargo:

One option is a Section 529 Education Savings Plan. Contributions to these plans are not deductible on your federal taxes, but earnings grow tax-free and payouts are tax-free, too, if the money is used to pay qualifying college bills. (Some states give residents a state tax deduction if they invest in their state's own 529 Plan. Visit your state's official website for details.) There are no income restrictions on 529 Plan contributions.


I have asked long back. 16 years tharvatha 500k kavalantee how much I need to save every month ani. what is the best plan?
CNKV
 

Gotcha
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Posted on Wednesday, March 30, 2016 - 01:52 pm:       


Analog:

ust kumon is charging 240/month


where is Abacus I question?
...
 

Fargo
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Posted on Wednesday, March 30, 2016 - 01:44 pm:       


Analog:

piano/drums etc 30/class


Dappula motha malli sevulaki bonus ga
 

Fargo
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Posted on Wednesday, March 30, 2016 - 01:42 pm:       

One option is a Section 529 Education Savings Plan. Contributions to these plans are not deductible on your federal taxes, but earnings grow tax-free and payouts are tax-free, too, if the money is used to pay qualifying college bills. (Some states give residents a state tax deduction if they invest in their state's own 529 Plan. Visit your state's official website for details.) There are no income restrictions on 529 Plan contributions.
 

Rajusk
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Posted on Wednesday, March 30, 2016 - 01:31 pm:       


Analog:

just kumon is charging 240/month
piano/drums etc 30/class
inka sports,swimming etc etc

easy ga avuthayi kada..antha shock ayyaru enti?




maa vollu chaala vatillo lagging ani samajh ayyindi..:D

edo maa vodi Tennis (~35 per session..once per week) and maa paapa karnatic kilasical music tho nettukosthunnam (~100 a month)
 

Analog
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Posted on Wednesday, March 30, 2016 - 01:27 pm:       


Rajusk:



just kumon is charging 240/month
piano/drums etc 30/class
inka sports,swimming etc etc

easy ga avuthayi kada..antha shock ayyaru enti?
 

Moviebuff001
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Posted on Wednesday, March 30, 2016 - 01:26 pm:       


Rajusk:

Analog:
and once they start going to school 1K/month for all the classes



After school program + classes (Math/reading) + soccer + swimming etc.....
grand ga grand kharchu baabuuu
 

Rajusk
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Posted on Wednesday, March 30, 2016 - 01:25 pm:       


Analog:

and once they start going to school 1K/month for all the classes


 

Analog
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Posted on Wednesday, March 30, 2016 - 01:02 pm:       


Jaijagananna:

Money



first few years day care expenses avg 2K/month( potty trained elder kids ki day care fee takkuva untundi)...and once they start going to school 1K/month for all the classes


Jaijagananna:

Time



again first few years konchem kastam...but after that 2+kids ni handle cheyatam relatively easy...vallatho vallu happy ga adukuntaru...no need to arrange play dates...single kid case lo all the time one of the parents entertain cheyali....
 

Tombrady
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Posted on Wednesday, March 30, 2016 - 12:43 pm:       


Chillarodu:

My neighbor sends his both kids to private school.
$30,000/year each. So $60,000 only school fee kadathad.




so 5k per month offo,
 

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Posted on Wednesday, March 30, 2016 - 12:37 pm:       


Abhysg:

veediki full tax rebates emo.. anipinchindi..



rupayi kharchu paisa labham.
 

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Posted on Wednesday, March 30, 2016 - 12:36 pm:       

It depends.. whether you send them to private school etc..

My neighbor sends his both kids to private school.
$30,000/year each. So $60,000 only school fee kadathad.
 

Moviebuff001
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Posted on Wednesday, March 30, 2016 - 12:35 pm:       


Jaijagananna:



2nd kid or not ---
Financial decision aite
http://time.com/money/3303362/kate-middledton-pregnant-secon d-child-costs/
 

Abhysg
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Posted on Wednesday, March 30, 2016 - 12:33 pm:       


Whyme:


Drithrashtrudu, gandhari billionnaires ayyevallu antava.. US lo kauravula ni Kani vunte
Aa savings tho recruit chesina army, weaponry.. Abbo bemmandam..




telsina oka kurrod ki 4kids.. valla devudu no issues ani seppademo anukonna..
veediki full tax rebates emo.. anipinchindi..
 

Moviebuff001
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Posted on Wednesday, March 30, 2016 - 12:31 pm:       

LMGTFY
https://turbotax.intuit.com/tax-tools/tax-tips/Family/Birth- of-a-Child/INF12019.html
 

Risingstar
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Posted on Wednesday, March 30, 2016 - 11:55 am:       

3 kids ki 3300$ avuthondi
CNKV
 

Sanju
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Posted on Wednesday, March 30, 2016 - 10:51 am:       


True_indian:

child care expenses ki kuda limit untundi, only day care expenses are deductible


3000 per kid
 

True_indian
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Posted on Wednesday, March 30, 2016 - 10:28 am:       


Vjawarrior:

tax deduction is what im talking about...u have 2 dependents...also 529 plans ki deductions vastaai...
and kids saving plans evo unnai...(dont knw the specifics) but 2 kids is a good idea sociallly and economically



aaku puvu teliyadu enduku vayya posts

child credit 2500, one month expense kavu
child care expenses ki kuda limit untundi, only day care expenses are deductible

529 tax deductible is jujubi
.those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches.
 

Jaijagananna
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Posted on Wednesday, March 30, 2016 - 10:25 am:       


Gold:

Kid 1 after school day care 950
Kid 2 full day care 1600
Kid 1 activities 400
Kid 2 150
Kids food 300 incl snacks milk
Kids clothes 200 avg incl accessories




So oka kid ki monthly 2000 karchu avuthundaa before school?
 

Telugu_times
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Posted on Tuesday, March 29, 2016 - 09:08 pm:       

ok
Ignore spam.
 

Whyme
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Posted on Tuesday, March 29, 2016 - 08:30 pm:       


Vjawarrior:

huge tax rebates..




Drithrashtrudu, gandhari billionnaires ayyevallu antava.. US lo kauravula ni Kani vunte
Aa savings tho recruit chesina army, weaponry.. Abbo bemmandam..

Thokkalo huge okati
 

Vasu
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Posted on Tuesday, March 29, 2016 - 08:25 pm:       


Vjawarrior:

tax deduction is what im talking about...u have 2 dependents...also 529 plans ki deductions vastaai...
and kids saving plans evo unnai...(dont knw the specifics)


 

Gold
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Username: Gold

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Posted on Tuesday, March 29, 2016 - 08:02 pm:       

Kid 1 after school day care 950
Kid 2 full day care 1600
Kid 1 activities 400
Kid 2 150
Kids food 300 incl snacks milk
Kids clothes 200 avg incl accessories
Member since 200&
 

Vjawarrior
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Username: Vjawarrior

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Posted on Tuesday, March 29, 2016 - 08:02 pm:       


Telugu_times:


what are those huge
can you explain?


tax deduction is what im talking about...u have 2 dependents...also 529 plans ki deductions vastaai...
and kids saving plans evo unnai...(dont knw the specifics) but 2 kids is a good idea sociallly and economically
 

Telugu_times
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Username: Telugu_times

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Posted on Tuesday, March 29, 2016 - 07:59 pm:       


Vjawarrior:

huge tax rebates....



what are those huge
can you explain?
Ignore spam.
 

Vjawarrior
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Posted on Tuesday, March 29, 2016 - 07:58 pm:       

1 kid nanny---1800/month
2kid nanny---1800/month...so money saved here

huge tax rebates....
 

Jaijagananna
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Username: Jaijagananna

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Posted on Tuesday, March 29, 2016 - 07:55 pm:       

What is the expenditure on kids? Can someone do a reasonable comparison of having 1 kid vs 2 kids? Time, Money etc?

Of course you can't account for unexpected expenditures.

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