They cost about 3 years of the parents wages so if you are poor they don't cost so much as a rich person's kid. A major cost is lost income a parent might turn down a higher paying job because it isn't flexible or some parents decide to stay home so lose many years work and come back to the labor force lower than if they had stayed in. So just birth to school age might cost 30K a year in lost wages besides the food and clothing and medical insurance cost. Then they need a little sibling and since you are home you should have one soon, second kid is cheaper if you are home.
Look at what you cost your parents after you were 15, some sports, car, college, help setting up housekeeping, food, clothing, medical insurance, medical and dental expenses, car insurance increases, extra cost of vacations. Kids drain wallets sometimes until they are orphans. My brother has a daughter with a special needs daughter and a son in college, she lives with him, groceries cost extra and he helps pay for the boy's college. The daughter just turned down a better job because current job allows her to go if her daughter needs her so she loses every pay day to care for her child.
Oh yes, my Brother has to work six days a week, has an expensive wife and two young kids, not a minute to himself, tired all the time, hardly see him. It drains everything as well as money.
Yes
When another mouth enter your house, it is always more expensive
That person need to be feed and given clothes. They use electric and water. They need a bed and medicine when they are sick. Et. Etc
Are you really asking if an another human being is expensive? When a pet come into your home, it is more expensive
Absolutely they do and the older they get the more it costs. Also, kids used to leave home at 18 now they are coming back home after college. It is worth it in the long run but kids are very expensive. Do not have one until you are financially stable.
Yes, you will buy family insurance for medical, you will buy over the counter specialty items like medications, and you will buy diapers, for starters; if you don't make your food or grow your food, you will buy countless fast food meals and you will need new clothes every other month as kids grow, even the Goodwill stores have clothes for a price.
Yes.
Just feeding them, alone, takes lots of money. Then, you have to factor everything else in life that you have to give them. Clothing, shelter, transportation, health care, education, security, etc. And, that's for 18 years.
yes, why wouldn't it. It's another human being you're paying for, like food, shelter, water, electric, washing clothes, transportation to/from school, paying to educate them and for books and supplies, for dental and vision visits, emergency trips to the hospital, clothes/shoes, lunches, sometimes uniforms, toys for the holidays and birthdays. But before they even start kindergarten you'd have babysitter costs, etc.
By the time the leave for college, each would be worth a Ferrari, and thats if they dont get iphones and other junk they so badly want. You be lucky to maintain your sanity.
Do you think raising children will put money IN the bank?
