You may be asking what it costs to raise a child.
With all the medical bills, clothing, food and diapers, diapers, diapers, you may be thinking that it will end up costing you an arm and a leg.
The USDA polled parents to determine the normal price of having a child.
This report helps parents prepare for their new baby's expenses.
Housing costs include rent, insurance, property taxes, repairs, utilities, and furnishings.
Repairs, utilities, appliances and furnishings are the items that will most likely be the expenses that will increase due to the increased use with an additional family member.
Food expenses include all groceries bought to feed your child.
This also includes eating out.
Transportation costs include automobile insurance, gas,and automobile repairs.
You'll be driving your vehicle more frequently now that you have kids.
Periodic trips to soccer games, dance classes, school, and other activities are normal.
Clothing costs include clothes, shoes, diapers and dry cleaning expenses for the child.
Health care costs include health insurance, medical and dental expenses, medical supplies and prescriptions.
Child care and schooling costs include daycare, baby-sitting, tuition and school supplies.
Lastly, miscellaneous costs include entertainment, personal items and books.
It's easy to see that the price of raising a child adds up quickly.
It's good that you are planning ahead for these expenses.
To plan sufficiently, you ought to put away money for your child.
Think about creating a budget.
Even though it will cost quite a bit of money to raise your child, I am sure you will discover that every penny is well worth it! NOTE: Use of this article requires links to be intact.