You may be wondering how much it costs to raise a child. With all the medical bills, clothing, food and diapers, diapers, diapers, you may be thinking that it will end up costing you an arm and a leg. The United States Department of Agriculture polled parents to find out the typical cost of raising a child to help you and your family prepare for baby�s expenses.
Housing expenses include mortgage interest, insurance, taxes, repairs, utilities, and furnishings. A baby will most likely affect the cost of utilities, appliances, furnishings, and repairs.
Food expenses include all food and beverages purchased to feed your child. This also includes eating out at restaurants.
Transportation expenses include automobile insurance, gas, and automobile repairs. You�ll be driving your vehicle a lot more now that you have children. Periodic trips to soccer games, dance classes, school, and other activities are normal.
Clothing expenses include shoes, clothes, and diapers for the child.
Health care expenses include health insurance premiums, medical and dental expenses, and prescriptions.
Child care and schooling expenses include daycare, baby-sitting, tuition and school supplies.
Finally, miscellaneous expenses include amusement, personal items and reading materials.
It�s easy to see that the cost of raising a child adds up quickly. It is good that you are planning for these expenses. To plan sufficiently, you ought to put away money for your child. Think about creating a budget.
Even though it will cost a good deal of money to raise your child, I am sure you will find that every penny is worth it!
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