Money Matters: How Much Do Babies REALLY Cost?
You may not be ready for a baby today, or even in the next five years. But, theoretically: Could your finances handle a little one? It’s hard to answer a basic question like, “How to budget my money?” And it’s even harder to set up a budget for a big expense like a baby. Our friends at www.Learnvest.com offer some help…
Take a deep breath: According to the U.S. Department of Agriculture, a baby born today to a middle-class family will cost about $221,000 by the time she turns 18—not counting college! For more info, look at a detailed breakdown of child-rearing costs. Before you fall into a dead faint, remember that you won’t shell out that whole sum at once.
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