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lootango
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The Cost to Raise a Child...

submitted on June 10, 2010 by lootango in "Member's Lounge"
According to a new poll released yesterday, a child born in 2009 will cost around $222,360 to raise to maturity (not including college tuition). I had a son in November of last year and this number is astounding to me. Based on previous reports by the Agriculture Department, the overall cost of raising a child rose 15% in inflation-adjusted dollars between 1960 and 2008.

http://blogs.wsj.com/juggle/20.....-ticks-up/

I know it's only an average but... wow... a quarter of a million dollars to raise my son until he reaches 18. Please keep those coupons, freebies, and sales coming!!!!
 

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  • 65757
    pablos17
    deity
    2 4 6
    10 8 2
    Posted by pablos17 on June 10, 2010
    [reply] 5 0
    My wife and I just found out that we have another on the way. This is not going to be an inexpensive adventure, that's for sure. Eeek
      65760
    • tammy987
      professor
      5 1 1
      Posted by tammy987 on June 10, 2010 [reply] 0 0
      congrats! Big Grin
    • 65820
    • lootango
      professor
      11 9 1
      Posted by lootango on June 10, 2010
      [reply] 1 0
      That's wonderful! Congrats! According to the poll, the more kids you have, the cost per child goes down... More kids for everyone! Big Grin
  • 65758
    midget
    professor
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    10 6 2
    Posted by midget on June 10, 2010 [reply] 0 0
    OMG The cost to raise a child is staggering and it never ends. I only have one child - I don't know how some people that have lots of kids do it.
  • 65769
    mooncow728
    professor
    1 1
    12 6 1
    Posted by mooncow728 on June 10, 2010 [reply] 0 0
    Well I would say that those numbers can't be right for poor people. I would say my kids have WAY more than they could ever need. My husband and I have had to sacrifice a lot to make sure they have everything they could imagine. But if you figure in that price for 2 kids for 18 years than we fall $80,000 short with just him working. I wonder how much they figure in for each category.
  • 65774
    midget
    professor
    5 3 2
    10 6 2
    Posted by midget on June 10, 2010 [reply] 0 0
    I think the cost of raising a child is high for everyone (rich and poor).

    Figure from the moment of conception/birth, there is the cost of pre-natal care, hospital costs when giving birth (unless you have insurance)

    Before you even are allowed to take your baby home you have to clothe baby and have a car seat. these things cost. The hospital usually gives you a diaper bag with a few diapers, baby blanket and if you don't breast feed, a few things of formula. But that's about it.

    Lots of things had to be purchased even before you brought baby home. A crib/mattress, sheets, blankets, clothes, and anything else that wasn't given to you at the baby shower.

    tons of diapers are required for a couple years - these aren't cheap. Formula is expensive, and they grow like weeds when young so you're forever buying new clothes and shoes.

    And of course your child needs to be entertained so we buy them tons of toys, books and other things to keep them amused.

    There's also the cost of health care all through their young life. trips to the doctor, dentist, eye doctor, etc (again if you have health insurance this helps but not everyone has the perfect plan)

    Kids have to eat so there's the cost of food

    As they grow older their entertainment needs change so instead of buying them $10 toys we now purchase them mp3's, computers, game systems and other high dollar items to keep them amused.

    Schooling - some people prefer private so that's $$$, school pictures, and other costs associated with education.

    I could go on but this gives you a idea. I never saved the receipts from all i spent on raising my child but I can tell you it was not cheap.
  • 65777
    mooncow728
    professor
    1 1
    12 6 1
    Posted by mooncow728 on June 10, 2010 [reply] 0 0
    I agree with you there but being poor does make it a little cheaper in theory. A poor person is more likely to clip coupons and shop sales and buy used. They know they don't have enough money to provide but they find a way to do it. If you saw my children's room you would not know that we were poor. The have tons of toys, tons of clothes and just about everything you can imagine. However my husband and I do not have a bedroom and instead sleep on a futon in our front room. It makes things tough but it allows us to live in a smaller house and makes us able to afford more. I really think that the cost of raising a child for a lot of people is much less than that figure.
      65779
    • sandyshore
      professor
      2 1
      12 8 1
      Posted by sandyshore on June 10, 2010
      [reply] 2 0
      Well, if that figure was accurate I would have sunk long ago. I wound up in the long run raising two alone and there is no way I could/can do anywhere near that number even calculating in the years they were born. You adjust and learn to pinch the pennies even harder when you have kids. You also find ways to save money that you never would have thought about before kids.

      Congrats pablos17 on your news!
    • 65782
    • midget
      professor
      5 3 2
      10 6 2
      Posted by midget on June 10, 2010
      [reply] 1 0
      Yes, poor people have help so this is a benefit. There are agencies that assist in the cost of raising your child.

      There is WIC, AFDC, Food Banks, and even your child's school that will help out a poor person.

      i never bought anything used for my son when he was young. I've always had a "thing" about buying other peoples items that my child would touch, wear and when young - stick in his mouth.

      I always shopped sales/clearance and wheeled and dealed to get my son the things he needed/wanted.

      I too am poor and I'm a single parent living on one income (my own) but somehow my child grew up spoiled and if you ever saw all our material things you would think we were middle class.

      There are many agencies that will assist the poor - although in today's economy agencies are getting harder to find.

      I always thought my fellow buxrarians were middle class (not poor).

      If any of you need to know agencies/resources for different types of things hit me up. I have access to many resources and there are agencies that will help out with child care, schooling, etc.

      when i first started out in college years ago I didn't own a computer or even a typewriter and you know college professors want neat, type written papers. I found an agency that donated a new typewriter to me so I could get my school work done.

      I'm being for real. I like to help people when I can so if any of you need something we can try and work together to find an avenue (agency) that is willing to assist.
    • 65784
    • mooncow728
      professor
      1 1
      12 6 1
      Posted by mooncow728 on June 10, 2010
      [reply] 1 0
      Well thanks Midget. My husband and I have too much pride to ask for much help. I'm really good with money and have gotten WAY too good with coupons so we make due. My house is the same way as far as material things. We have all the major video game consoles and a nice TV and computer and what not and you wouldn't believe we were that poor looking at it all. That's my husband's one thing though that makes him happy so we find ways. Heck we don't have to worry about the cost of entertainment elsewhere with that stuff so it ends up cheaper in the long run. If anyone wants some ideas of how to be cheap without sacrificing much, I am the one ask. Mr Green
  • 65793
    pablos17
    deity
    2 4 6
    10 8 2
    Posted by pablos17 on June 10, 2010 [reply] 0 0
    I've definitely become a better bargain shopper and have learned to cut unnecessary costs dramatically. I am thankful for the deals I can find at Once Upon a Child and JC Penney; and Buxr, of course.
  • 65810
    honesta
    master
    Posted by honesta on June 10, 2010
    [reply] 3 0
    thanks for sharing people. Nice to have like-minded people around. Smile
  • 65819
    lootango
    professor
    11 9 1
    Posted by lootango on June 10, 2010
    [reply] 1 0
    My son is 7 months and has a lot more than I think I had as a baby. But I think if you can afford to spoil your kids, why not? I don't go too crazy or anything. It's all about bargain shopping, hand-me-downs from friends, and supportive family these days.
      65822
    • mooncow728
      professor
      1 1
      12 6 1
      Posted by mooncow728 on June 10, 2010 [reply] 0 0
      Exactly! I don't want spolied kids but I don't want them to feel like they are missing out on stuff like I did when I was little.

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