Working towards FI while having children
Hi all, I just became a recent parent (30yo) and would love to hear your opinion and views on how having children has changed your FIRE horizon and ways you try to manage it. Could be a change in your own lifestyle or even just a change in perception.
I once heard a friend said that each kid delays the parents' retirement by 10 years. Of course it's just a generic statement.
For myself the immediate impact I have felt thus far are
I tend to leave work on time nowadays, whereas I used to OT and join networking sessions before. Now it is too early to see any impact on career.
Expenses are higher now I have a baby - hospital delivery, baby products, perishables
Infant care coming soon, and even though we will choose government or POP schools, it will still take about $900 per month
While my family is okay managing these increases, and the baby has brought us so much happiness and gelled our parents/in-laws together, sometimes I do think about how my retirement plans will be affected. Considering I will probably try to have one more kid in the near future.
Thank you in advance for your thoughts!