Friday, January 25, 2008

How much does it cost to raise a child?

Some people wonder if they make enough money a year to support themselves and a child. For those expecting... heres more to expect. Keep in mind the information below is based on surveys and averages. Your child may require more or less or you may make more or less a year.

Recommended read.

Dual-Parent Family

Age
of Child
Housing Food Transportation Clothing Health Child care/
Education
Miscellaneous Total
Before-tax income: up to $39,100
0 to 2 2,500 910 780 370 460 840 630 6490
3 to 5 2,470 1,010 750 360 440 820 680 6,630
6 to 8 2,380 1,300 880 400 510 560 680 6,710
9 to 11 2,150 1,560 950 450 560 340 720 6,730
12 to 14 2,400 1,640 1,070 750 560 240 900 7,560
15 to 17 1,940 1,780 1,440 660 600 400 660 7,480
Total 41,520 24,600 17,610 8,970 9,390 9,990 12,720 124,800

We are planning on having a total of 4 kids. I am going to be a pharmacist and she is going to be a certified nurse specializing in obgyn. Our average total income per year is going to be $150k-$180k. So, I was searching around and trying to add up house notes and car notes and expenses plus children and decided to post some info about it.




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2 comments:

Jared said...

Not sure how much we spend on our boy. Honestly not a lot. Most of the money goes to formula, diapers, and clothes. He is only 11 months old now, so i am sure once he starts getting older it will cost more.

Sounds like you got a good plan for your future! Stick with it and you will do just fine in life... :D

Rebecca said...

I have 2....I think I just went broke....