My advice is to get a good job that pays you a lot of money, and then marry someone who also makes really good money.
This is helped if you are born into a wealthy family(the wealthier the better), so try to do that if possible. That’s where I F’d up, I had to pay for my school myself, totally sucked!
Other than that, SIDE HUSTLE like a mother to pay for your toys.
Also, If you really want to save/make money, don’t have any kids, cause they are really expensive.
So to sum it up, be born into a rich family, marry into a rich(er) family, get a high paying job, don’t have kids. That’s your formula for success.
Economic Policy Institute report on childcare costs in MN
Child care in Minnesota is expensive.
The average annual cost of infant care in Minnesota is $16,087—that’s $1,341 per month.
Child care for a 4-year-old costs $12,252, or $1,021 each month.
Minnesota is ranked 4th out of 50 states and the District of Columbia for most expensive infant care.
Child care is one of the biggest expenses families face.
Infant care in Minnesota costs $4,861 (43.3%) more per year than in-state tuition for four-year public college.
That makes Minnesota one of 33 states and DC where infant care is more expensive than college.
In Minnesota, infant care costs 30.8% more than average rent.
Annual cost in Minnesota
College: $11,226
Housing: $11,137
4-year-old care: $12,252
Infant care: $16,087
Child care is unaffordable for typical families in Minnesota.
Infant care for one child would take up 21.2% of a median family’s income in Minnesota.
According to the U.S. Department of Health and Human Services (HHS), child care is affordable if it costs no more than 7% of a family’s income. By this standard, only 5.8% of Minnesota families can afford infant care.
Families with two children face an even larger burden.
Child care for two children—an infant and a 4-year-old—costs $28,338. That’s 60.7% more than average rent in Minnesota.
A typical family in Minnesota would have to spend 37.4% of its income on child care for an infant and a 4-year-old.
Child care is out of reach for low-wage workers.
A minimum wage worker in Minnesota would need to work full time for 41 weeks, or from January to October, just to pay for child care for one infant.
Even in Minneapolis, where the local minimum wage is the highest in the state ($11.25), it would take 36 weeks to cover the costs.
Yet, child care workers still struggle to get by.
Nationally, child care workers’ families are more than twice as likely to live in poverty as other workers’ families (11.8% are in poverty compared with 5.8%).
A median child care worker in Minnesota would have to spend 66.6% of her earnings to put her own child in infant care.
Economy’s a boomin’ though!
