What’s The Cost Of Parenthood

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Parenting takes a lot of things- patience, endurance, and a ton of love! But, it also takes cold, hard cash!

1) What’s The Cost of Parenthood

Upwards $245,340 apparently,
The average cost of raising a child born in 2013 up until age 18 for a middle-income family in the U.S. is approximately $245,340(or $304,480, adjusted for projected inflation), according to the latest annual “Cost of Raising A Child” report from the U.S. Department of Agriculture. ~HuffingtonPost

2) Cost of Raising a Child Calculator, Baby Center

To adjust for different factors such as the area that you live, college, and single parenthood, visit the link above.

The USDA has a calculator too…

3) USDA Cost Of Raising A Child Calculator

The Biggest Expenses?

  • Housing
  • Food
  • Child Care

Housing is typically the biggest expense.

The cost of housing is the largest expenditure when it comes to raising children. Regional differences in housing prices explain some of the variance we see in different parts of the country. ~MarketWatch

According to CNN Money, one of the biggest strains is the cost of child care,

Child care, in particular, is a huge burden — often costing as much as the family home.

The above figures do not even include college, so be prepared to add $18,000 a year for public or $41,000 a year for private college education! 

This can all seem very, very overwhelming, but hey those beautiful little additions to your life are priceless, right!

Also, check out- Million-dollar babies: The cost of raising a child, Today’s Parent

Lori

Freelance Blogger at ImmenselySocial.com
Lori Hil is a freelance blogger and content curator with an AAS in Early Childhood Education. She now gets to combine her love of writing and teaching through the written word. You can find her all around the web, but especially enjoying the freelance life at ImmenselySocial.com

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