Affording Kids on a Recession Budget

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I think this statement relates to the earlier article on lofty expectations of 20-somethings:

People are saying, 'Maybe I don't need a Pottery Barn nursery, maybe my kid can go to public school, maybe I won't take vacations. It's not what I'd choose, but it's what we'll do,'"

I'm not even going to comment on the concept of a Pottery Barn nursery.

Kids have been going to public school since the dawn of time or since public school was invented and turning out fine...the only reason I would send my theoretical kids to private school would be if I lived in a subpar community with a less than stellar educational system or one with gang problems.

As for vacations...maybe I'm in the minority but our family vacations were never extravagant. We'd rent a house in the mountains for a few days or a week, go fishing, sit on the lake, etc.

veronica of NH 3:26PM June 23, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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