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I don't find the financial change all that much in the younger years. I don't send my kids to a private school. Beyond that, the costs are the things you might imagine...larger grocery bills, clothes every few months, sports, rec programs, summer camps, entertainment, toys, books, etc. I've never stopped to add it up but it might come out to $2K or $3K a year per kid if I did. It's nothing. The bigger impact is on your lifestyle that you have to impose on yourself that might affect your finances...such as committing to being home for supper and trying not to work weekends. A bigger issue might be does your wife plan to stay home with them until they're both in school all day? Or are you OK with daycare workers raising them for their formative years? It is truly a luxury to be able to make that choice but since you're in this forum, I'll assume it's in your power to do so. You don't get a "do over".
When they reach university....now there are some bills!
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