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What It Really Costs To Raise A Child In 2019
It's no secret that raising children can be expensive. In fact, the most recent data available from the U.S. Department of Food and Agriculture reported that it would run a family about $233,610 to raise one child from birth through age 17. That's roughly $13,000 per year, or a little over $1,000 per month.
While that overall number is jaw-dropping, it becomes a little less daunting when you break it down by category and look at costs on a monthly basis. This will help you to evaluate spending in a more rational way, and help you understand how to budget for those expenses.
Read on to learn about what child-rearing costs look like on a monthly basis, using anecdotal numbers from my own family as well numbers found in national averages.
While that overall number is jaw-dropping, it becomes a little less daunting when you break it down by category and look at costs on a monthly basis. This will help you to evaluate spending in a more rational way, and help you understand how to budget for those expenses.
Read on to learn about what child-rearing costs look like on a monthly basis, using anecdotal numbers from my own family as well numbers found in national averages.
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