My wife and I are execting our first baby now. We just found out recently. I guess I’m somewhere between a 3-4 because I am renting a nice townhouse with a garage and all the amenities. However, my employment opportunities are dimisishing with my current employer (in San Diego), and I don’t just want to pick up and move. Hence, I will be looking for new work soon.
I’m happy about an extra deduction to my taxes, but I realize that will be short lived once we realize what a costly venture a new baby is. The reality is that surviving on a low six figure income for a family is tough in San Diego. I always wonder how others are handling it (I guess credit cards or higher income) 🙂