<prompt> Human: Long story short, my wife is due in a few weeks. I have even financially smart my entire life and I have managed to get my wife and I credit card free as of June. We have no other debts, except for car and mortgage.I have GROSSLY underestimated additional costs for additional 1 to medical insurance AND child care costs...We earn a combined 80k annually, but even with no other debts, it seems impossible to meet monthly finances.How the hell does anyone pull this off?!Edit: To give a better scope... My wife and I never go out for dinner. We might get a delivery pizza once a week, which I know will be sacrificed, which is OK. We dont drink, so the bar tab never existed, so cutting on that expense is not a thing for us.In my area, average child care costs are 150 per week. I dont have family that can help out with watching the baby, so its just up to us.Further, we are both teachers, so putting in more hours isnt a viable option.Edit 2: Monthly expenses are as follows rough estimates1,150 Mortgage impound acct included400 Car400 FoodToiletries225 Cell Phones120 CableInternet100 Gas150 Pet Food350 Past Loan to FamilyAs for income, 80k gross. Teaching in Arizona, so we pay 11.3 into Arizona Retirement System. Another 10-15 goes to StateFederal Tax, Then Social Security etc etc.Edit 3: I appreciate all the feedback. There is a lot of great advice here that Im going to look over. Looks like Lots of cuts over several different aspects of our income will be the solution. I was hoping there was another way to be able to build an emergencysavings account while still paying into childcare, but it looks like thats off the table for the next few years.Edit 4: Getting rid of pets is never a solution. Suggesting to adopt the pets out is out of the question, however I still appreciate the feedback.  <response>: Child care is my largest expense. Larger than my mortgage. Many people rely on family to help. Or they find in home day care options that are cheaper. 