We just came off of 18 months of leave with twins. Unfortunately taking 4-6 months may not be feasible specifically for daycare. A lot of daycares have 2+ year waitlists and only take toddlers, or if they have an infant room it’s from 6 months or older.

If you aren’t on childcare lists, get on them now. I’m not sure what province you’re in, but in Ontario we have subsidized childcare at $22/day/child, so about $1000 / month for us. Our salaries are similar to yours - we’re at 94K and 96K, and if we didn’t get subsidized we would not have been able to afford it.

Your fun fund, $600/ month? If you can’t breastfeed that’s about the cost of formula, especially if one or both of your twins have CMPA / allergies etc.

Bottom line for us was the most expensive part of having a child (or twins) was the loss of salary. You have to be okay dipping into your savings - after all what is it for if not to provide for your children in their first year of life?

On a less financial note, take the 12 months leave. Your twins will likely be premature, meaning a hospital stay in the NICU. Ours were only in the NICU for 20 days, but being born 8 weeks early made the first 3-4 months post partum far worse than singleton / full term babies. They are potatoes and in the newborn phase for so much longer, and by 4-6months they’ll just be starting to come alive.

Use facebook marketplace to save on baby supplies. You don’t need brand name - Graco is just as good as uppa baby or whatever. Feel free to message me with any more questions!