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<blockquote data-quote="MoGal" data-source="post: 138691" data-attributes="member: 1346"><p>Okay, add onto that a newborn in daycare is $125.00 week (in this area) and there aren't that many that will accept newborns. Formula runs about $4.00 can so thats another $120 month, not to mention diapers ($60), extra dr bills, etc.... so unless your wife has a reasonable income (over $35-40,000) its not going to be feasible for her to work. </p><p></p><p>Now, if you can use your mother/uncle's land (perhaps your mom will let you use her half and you can rent the other half from uncle) you'd be farther ahead than buying the acreage you originally talked about. Plus that would be more feasible to start out small and then expand as you have more money.</p><p></p><p>If you have a local sale barn/feed store I'm sure they could tell you of someone that would haul your cattle when needed.</p><p></p><p>Many of us get confused about what we want and what we actually need. I do agree with some of the others, you should already have a savings account in place with both of you working and if you don't..... then why don't you because there will be unexpected expenses with cattle (and a new baby) and you need a cushion to keep from scrambling to make a house payment. Also, many couples divorce over finances. When your money is funny, then everyone is miserable.</p><p></p><p>If you decide to go ahead with borrowing money, then at least do like Bez says, buy <strong> quality over quantity</strong>. "cute" and "color" does not make it a quality cow and there are plenty of heinz57 mutts out there w/o making it part of the bovine industry. Think about where you want to market your calves and proceed accordingly.</p></blockquote><p></p>
[QUOTE="MoGal, post: 138691, member: 1346"] Okay, add onto that a newborn in daycare is $125.00 week (in this area) and there aren't that many that will accept newborns. Formula runs about $4.00 can so thats another $120 month, not to mention diapers ($60), extra dr bills, etc.... so unless your wife has a reasonable income (over $35-40,000) its not going to be feasible for her to work. Now, if you can use your mother/uncle's land (perhaps your mom will let you use her half and you can rent the other half from uncle) you'd be farther ahead than buying the acreage you originally talked about. Plus that would be more feasible to start out small and then expand as you have more money. If you have a local sale barn/feed store I'm sure they could tell you of someone that would haul your cattle when needed. Many of us get confused about what we want and what we actually need. I do agree with some of the others, you should already have a savings account in place with both of you working and if you don't..... then why don't you because there will be unexpected expenses with cattle (and a new baby) and you need a cushion to keep from scrambling to make a house payment. Also, many couples divorce over finances. When your money is funny, then everyone is miserable. If you decide to go ahead with borrowing money, then at least do like Bez says, buy [b] quality over quantity[/b]. "cute" and "color" does not make it a quality cow and there are plenty of heinz57 mutts out there w/o making it part of the bovine industry. Think about where you want to market your calves and proceed accordingly. [/QUOTE]
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