{ "media_type": "text", "post_content": "Anyone here with 5 or more kids? How do you manage financially? What if there's only one main breadwinner in the household? Would like a big family but not sure how feasible it can be. Ideally, I would at least like to set each of them up with a college fund by the time they're 18. Any insight would be much appreciated it.", "post_id": "62255caeb354720038757754", "reply_count": 8, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Anyone here with 5 or more kids? How do you manage financially? What if there's only one main breadwinner in the household? Would like a big family but not sure how feasible it can be. Ideally, I would at least like to set each of them up with a college fund by the time they're 18. Any insight would be much appreciated it.

Posting as :
works at
You are currently posting as works at

Only 2 kids but the marginal cost of the second kid is much less than the first. The pure economics make me consider more. Wife doesn't see the world the same way though... 🤷‍♂️

Biggest sacrifice I feel with kids is the limit on my personal time and availability, less financial impact.

Just make the life choice that makes you happy. If you're a financially responsible person you'll make the right decisions along the way.


5 kids total kids. My wife has 2 and I have 3. My three are triplets and live with their mother. The $3k a month in child support is a killer. Thankfully it's for only 1.5 more years.

Only 2 kids. I am a South Asian Indian currently living in one of the most expensive zip codes in the Bay area with my spouse who earns same as me. We are just able to meet our financial needs.

If I had 5 kids and 1 income then I would move the MCOL (Dallas or Atlanta or Phoenix) or LCOL (Tampa Bay) assuming that I get a job there.

Salary and NW should be able to support the following at the very least.

1. Able to pay mortgage for a house that is in a good school district and where each child has a personal room. So, you may have to narrow down your suburb choices to meet this requirement.
2. Send them to a public university at the very least and cover tuition and board. I do not want them laden with debt when the graduate.
3. Have enough investments for my wife and I to retire comfortably.

The goal is to provide your 5 kids with experiences, opportunities and pathways to succeed.

In the Bay area, we cannot meet this requirement for more than 2 kids.

Are you South Indian Asian or South Asian Indian . The later term.. I am not able to understand.

If you live in an area with good public schools, the most expensive years (other than college) are the ones before they can start public school full time. We shell out close to $6k per month to send our 3 kids to Montessori preschool, which is more than our mortgage and property taxes combined. When they were infants it was $2400 per month for one kid. These costs are obviously defrayed if one parent stays home, but there will likely still be some costs involved to have them in preschool for at least a year or two to help with socialization and school-readiness. There are other costs involved in having a family that big… more groceries, have to drive a bigger car, etc. but the incremental cost definitely goes down with each kid because you already have most of the “stuff” you need.

Have 5 kids all under 15 years old. I am the only wage earner because it's cheaper for my SO to stay at home.tahn pay for full time day care, nannies, etc. I also work from home full time and help out where I can.

We live in a MCOL suburb bordering on rural area, so the costs are relatively cheap. Bought our current house about six years ago, so the mortgage is on the low side. We have a 4 yo van and a 12 yo sedan that are all paid off and in good working condition.

Sure there are things we'd like to do but can't afford all the time. We still take a couple of nice vacations a year, and do lots of activities around where we live. We're not flying cross country with seven people, but still see the sights around us as long as it's in driving distance.

We don't splurge on unnecessary things like $3000 washer and.dryer, or high end clothing for the kids. We live within our means, pay off any credit card debt every month, and save enough to send the kids to state college, and still have over six months of financial cushion.

It's doable if you try, and you don't have to sacrifice a lot.

Additional Posts in Consulting

Have a business background and AWS certs and was curious about career options within AWS. Any one willing to talk or provide guidance?


Would you take less pay to work in a field you are passionate about?
My current job is Marketing for a financial company. It’s honestly soul crushing and the work culture is just not my style.
I got an offer for a position in a field I’ve always wanted to work in. It’s non-profit work with an organization I care about deeply. They also are minority and women focused, and that’s reflected in the leadership.

What about you? Would you take less? If so, how much less?


Anyone else feel like a legend leaving the office in your deal sleds to hit the bars? Lol


Minitab or Excel?

I’ve only had my license for a about a year and I’m wondering if I did a right decision or not. I’m sacrificing a part-time job to pay off my monthly dues - I’m mentally & physically drained at the end of the day and have NO savings. I’ve been trying so hard to sell a house for the past few weeks and feel like it’s not a guaranteed deal. My clients are backing out due to the interest rates now. I tried joining a team & was taken advantage of. Should I hang on or quit?


How long does it take to go from Associate Manager to Manager at Accenture Federal Services?


Which AMEX card is best if not for Plat or Gold?


Any book recommendations on creativity, leadership...?


Can EHR be used for unbranded comms? Wanted to get a sense of it you guys are recommending and using ehr ads for unbranded or pre-launch comms.




Hi fishes,

Kind attention please.

My doj is later this week. However I haven't yet received any further onboarding mails after that Laptop survey mail. What all should I be expecting from GDS communication with respect to onboarding?

Many thanks in advance 🙏


Hi fishes, This is my first post. :-)

I have 10 yoe and I have 3 offers in hand - 24L with Red Hat, 28L with JPMC and 29.5L with Reliance jio infocomm in Mumbai.
Project Management and PMO manager profile.

Kindly suggest the best option. :-)

I’m looking to connect with other beauty/ barber professionals in the Boston area ? Please post your links


Hi folks! My friend has done certification in data science and ML and he is a fresher. If anyone has referal for the same profile, please do the needful. Your small help may lighten his future.

Thank you!


Hey! I'm looking for a internship (computer science) so I can gain experience during college. If you have any options pls leave them in comments. Thank you!


Does anyone have any good mortgage broker recommendations that will help find a way to not pay PMI?


Hello everyone

I received an interview for the position of cloud analyst co-op at BDO Canada. The email says that it will be a 30 minutes interview. If someone has any experience in this then please let me know. I could use some guidance.
I want to know whether it will be a technical / behaviour round.

Hi, anyone at Mastercard willing to refer for entry level roles? Would be much appreciated!


So if I attend a 2 day client workshop, do I’ve to file an amendment? Also, if you working out of a client location M-T, would I be using the client location to fill up timesheet in DTE?

Additional Posts (overall)

Best way to track tasks? I'm using MS Project 2013, is there a better (free) option?


Anyone else from a poor small town and find it ridiculously difficult to relate to coworkers?


All the ACN folks out there, did anyone not have their expenses post to your account? New expense policy also meaning a delay in processing?

The past few months I’ve had this shocking realization how much I (and this society) equate productivity to someone’s worth. I’ve had some toxic perfectionist tendencies my whole life. Reframing what makes us valuable has been a huge mind shift for me and difficult to work through. Anyone else?


Just to be clear, you can't get something out of the overhead bin if the fasten seatbelt sign is on, right?


If the fly is down, just let a guy know


How do you get your work more appreciatively? I don't know what it is but I feel like I have a hard time getting people to notice the impact I'm doing.


Have you ever lied on here? What was the lie and why?


The level of anxiety over my job today is at a new level. How on earth do so many consultants deal with this much stress?

Right now it's mostly about the presenting for one project and the ambiguity of another project. Just can't seem to find my confidence or direction today. Tips??


I’m sure there’s tons of threads out there. But does anyone have any luck day trading with all the restrictions we have at the Big 4 firms? I’ve done okay but it’s a pain in with the restrictions. Also does anyone have any day trading books I can read to further my knowledge. I work in finance already so know my way around financial statements just need more strategies and charting methods any advice would be really appreciated. Happy new year!


TSAPrecheck at DFW closes at 5pm? Wtf? That's the most absurd thing ever.


How to translate what you do at Deloitte as SC on implementation projects to product manager work?


I’m a working consultant who seriously puts in 100% into every deliverable. Yet, I still feel behind my peers. Do any of you take anything to focus or is that wives’ tale about consultants not true?


They told me this job was worth it's weight in alcohol. Now I know what they mean, and I'm an alcoholic.


The lady sitting next to me on the plane asked me what the wifi password is…


Once in a while..buying gift card from restaurant instead of eating dinner and claiming it as dinner expense.. Yay or Nay


New Jersey to jfk airport uber ride is 180 bucks. Can we expense it ? Is that a red flag?


What are some good white elephant gift ideas? Trying to get a bit more creative this year, but am drawing a blank. Gag gifts aren't out of the picture, but I don't want to be that person..


Are there any jobs that let you work a couple of months a year and then take off? I’m thinking freelance work where you pick up 2-3 month projects and such. Anyone have any luck with this?


My girlfriend 1) didn’t know tax rates are marginal, and 2) donates 10% of her income to the church. Sigh..


New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here


Embed this post

Copy and paste embed code on your site


Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or