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BiggerPockets Money Podcast · Tuesday, June 30, 2026

Scott Trench's FIRE Spending: $12K/Month Average with Childcare Costs

Scott Trench discussed his current spending habits, averaging over $12,000 a month, a significant increase from his younger years. He attributes this rise to having a child and associated childcare costs, though he anticipates these expenses will decrease once his children attend public school.

The tape

3 quotes
My spending is averaging north of $12,000 a month, right? That's a lot more than I was spending when I was, you know, 20, 23.
Scott Trench
Now we have a kid and child care. But that's a big jump for us.
Scott Trench
And those numbers will go down meaningfully when the kids go to school, when they go to public school.
Scott Trench
Heard on BiggerPockets Money Podcast — “Has the FIRE Number Gone from $1M to $2.5M?, published Tuesday, June 30, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05
Scott Trench's FIRE Spending: $12K/Month Average with Childcare Costs — Heardvine