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How a Family of 3 Spends Less Than $25,000 Annually

September 1, 2020 at 6:10 am EDT by Joshua Holt

“Raising children is expensive, but that hasn’t stopped Nic and Court from keeping their annual expenses below $25,000, even with a 2-year-old daughter,” reports Alesandra Malito.

“Of course, they do still buy clothes and toys for their daughter, Finn, but much of those purchases are secondhand or hand-me-downs. The car seat for their daughter was new, but otherwise they often rely on online community groups to find families who want to get rid of stuff their babies never or barely used.”

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About FIREwire

Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of Biglaw Investor.

Joshua spent more than a decade as a corporate lawyer in New York City representing sovereign nations and private equity clients in mergers & acquisitions.

He earned degrees from the University of Arkansas and Boston College, while also spending a year at Cambridge University in the United Kingdom. He lives in Austin with his wife and son.

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