Tag Archives: baby expenses

Baby on a Budget

Your new bundle of joy could make more than a significant dent in your finances. Establishing a solid budget for your baby can help you keep everything under control and leave you with enough money for your baby’s future. You might be interested to know that according to the US Department of Agriculture, it can cost up to a quarter of a million dollars to raise a child through age 17! This doesn’t take into account children living at home past age 17, college costs or significant medical expenses that could arise. That is why it is important to establish … Continue reading →

The Cost of Having a Baby

So you want to have a baby or perhaps you’ve already had your baby. The following statistics are per the U.S. Department of Agriculture and are based on what the costs will be to the average middle-income, two-parent family will spend over $153,000 to raise one child between birth and the age of 18. Please take a moment to catch your breath on that figure before we continue. Now, remember – we are still just talking about one child. The child that will cost you over $153,000 to raise will eat about $55,000 worth of food and outgrow, destroy or … Continue reading →