It costs a quarter million to raise a child! | The Frugalista

It costs a quarter million to raise a child!

by frugalista on August 5, 2009

Kidsandmoney Ok, this is doing nothing for my ovaries. A government report released says that it costs middle-income parents $221,000 to raise a child to age 17.  Why am I not surprised? I can't believe how much child care costs. I have several friends with two kiddies and I feel like they work to pay daycare. Braces, entertainment, food, healthcare. Le sigh. I don't see how these modern parents do it. Hats off to them!

Viva La Frugalista for a long time. I think I'll start my rugrats blogging early. :)
For those without children, does this report worry you? For those with children, how do you deal with the expenses? Move to a farm and live off the land? Well-paying jobs? Dish! My ovaries are waiting! 
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{ 3 comments… read them below or add one }

Lisa Bobbitt August 5, 2009 at 10:00 am

I remember thinking when my daughter was in daycare that if I could just hold out until she was 4 or 5, she could go to public school and I could save some money. NOT! After 10 years of private school, braces, a broken ankle with an extended hospital stay and months of physical therapy, I’m looking forward to her last two years of high school. I’m crossing my fingers and hoping she does well enough to get scholarships, financial aid, etc. for college. I feel like I’ve been paying tuition forever and I’m looking forward to a break when she graduates high school. Realistically, I’ll end up paying for college too. I think $ 221,000 is a low estimate.

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moneymonk August 5, 2009 at 10:26 am

I disagee, it doesn’t cost that much to raise a child. We pay for our child needs and an occasional recreation. Children costs depends on the parents some go overboard. A birthday party every year, private school, college costs. Most of these is not necessary is just what the parents want.

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savvy August 5, 2009 at 4:48 pm

I don’t buy it. $221K is $13K/yr. The median household income in this country is $40K/yr. If the average has 2.5 kids, that’s $32.5K/yr just for the kids.
There are definitely some who work to pay for daycare but that is their choice.

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