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In this video, I dive deep into the costs associated with raising a child, focusing on childcare expenses and other financial considerations every parent should be aware of. I talk about childcare, formula, diapers, cost of giving birth, and much more. Whether you're expecting a little one or already navigating parenthood, this video provides valuable insights to help you prepare for the financial responsibilities of raising a child.
Join the conversation in the comments below—what has been your biggest surprise about the costs of childcare?
Calculator to see how much income you need in certain places if you want to have a child-https://www.epi.org/resources/budget/
"How Much Does It Cost to Raise a Child" , Western Southern Financial Group website- https://www.westernsouthern.com/personal-finance/how-much-does-it-cost-to-raise-a-kid#:~:text=Raising%20a%20child%20is%20a,in%202023%20is%20nearly%20%24375%2C000
Most expensive and cheapest places to raise a child in the US- https://smartasset.com/data-studies/cost-raise-child-2023
Average Age of Toilet Training- https://www.hopkinsmedicine.org/health/wellness-and-prevention/toilettraining#:~:text=Most%20children%20are%20unable%20to,toilet%20training%20is%2027%20months.
Amount of Diapers Your Baby Will Need- https://www.parents.com/parenting/money/saving/save-money-and-build-a-diaper-stockpile/
Formula Yearly Cost-https://tennessee.helpingmamas.org/2024/02/23/navigating-the-rising-costs-of-baby-formula-challenges-and-solutions/#:~:text=The%20Impact%20of%20Soaring%20Prices,dietary%20needs%20of%20their%20infant.