Do you think $10K a month for 8 kids is a lot?

JOEBunny

To support 8 kids on $120K a year?  I think it isn't very much.  We pay for two kids, $500 a month in health insurance, $220 a month at least in child care, which is 8 hours a week for DD's preschool and 5 hours a Month for DS.  Another $100 a month for clothes, $200 a month for food, and the 2 extra bedrooms in our house cost about $200K in out neighborhood, so another $900 or so. That is an easy $2,000 a month for 2 kids without anything extra.

Their kids also go to private school, which I guess they could stop, but it is unlikely that would work at this point, given their popularity.  Public schools usually are not set up to handle that and I don't know that most would be a safe option for them.  Our local elementary has a playground that opens onto a public park for example. 

 

amiamish

I think it is too much for ONE parent to pay... the bills should be 50/50

ETA: and that's true about the private school thing, I understand why they'd need that.

meghans30

Yeah, doesn't seem like much. I'm curious how he'll pay it. 

JOEBunny

Well, if she has to pay for child care so she can work and private school and the bodyguard I have no doubt that the kids need, I would say that is a lot more than 50% she is paying.

penguingrrl

I think it's an enormous amount, but that's a significant portion of our annual income for our family of four.  I think that would afford a very nice lifestyle.  I also know I could go through it easily if I had it to spend.

mlm1128

Here is why I think it's a lot.  I'm guessing that in addition to that 10K he is also reponsible for a percentage of schooling, a percentage of child care and a percentage of health insurance.  They are normally all separate items.

dnagal

I wonder if they have a mortgage on their house, or if they just paid cash for it.  A mortgage and taxes on a 1.3 million dollar house would be at least 8K/month! (presuming they put a big chunk down on it)

ppants

I don't know anything about child support, but 10k a month is alot to me personally.  I do wonder how he'll come up with it.

CleoKitty

I could raise 8 kids on it, no problem. (Assuming that the celebrity/paparazzi thing isn't an issue for me.)

My mother raised (or actually, still raising- one brother is still a kid and others are in college being supported by my mother) 8 kids on much, much less even when adjusted for inflation . Most of us managed to go to private schools too. 

I also have a friend, a single woman, with just about as many kids (some adopted, some foster kids) and even with all of her state subsidies her income is probably less than half of that figure. 

I wouldn't go so far as to say that $10k/month for 8 kids is lavish, but it's certainly far more than adequate if a person lives in an area with a LCOL and makes reasonable choices.

hikerbeth

Based on "the way things are" no, I think it's in line with what the general non-custodial parent pays based on his number of kids, assumed amount of assets, etc.

Do we know if that's all-inclusive?  Often health insurance, schooling, and extra-curriculars are spelled out separately from the base child support payment

amiamish

mlm1128:

Here is why I think it's a lot.  I'm guessing that in addition to that 10K he is also reponsible for a percentage of schooling, a percentage of child care and a percentage of health insurance.  They are normally all separate items.

Oh so true!

amiamish

CleoKitty:

 

I wouldn't go so far as to say that $10k/month for 8 kids is lavish, but it's certainly far more than adequate if a person lives in an area with a LCOL and makes reasonable choices.

I agree it could take 10k/mo to raise those 8 kids, but I think it should be split 50/50...why should he have to pay the whole amount it cost to raise them?

If it is split 50/50 then that means they cost 20k/mo to raise, and THAT seems incredible.

Chrisy-Wyobride

Nope...