Do you know that according to the USDA, a child born in 2010 will cost her parents $226,920 to raise to age 18 (or $11,000 to $13,000 a year).  Am I the only one that finds this number exorbitant?

I am over at Beating Broke today analyzing this figure and sharing ways I have found to substantially reduce that figure.  Here is an excerpt:

According to the USDA’s 2010 report, raising a child born in 2010 to the age of 18 will cost on average $226,920.  This cost is the average cost a middle-class family pays for shelter, food, health care, clothing, transportation, child care, education and other expenses.  They further break down the average cost per child per year as $11,800 to $13,880.  Yikes!  If you are on the fence about having kids, this report will certainly sway you in the direction of remaining childless.

However, as a mom to three kids, I can attest (as many other parents including Beating Broke can), that it doesn’t have to be this way.    My husband and I have three kids, which, according to the report, should run us a minimum of $35,400 a year, not including our other expenses.  My husband is just completing his Ph.D. and starting his career.  While we count on him being able to make a large salary in the future, right now between his job and my part-time work from home, we are making a little less than $40,000.  We are most definitely not spending $35,400 a year on our kids.  Here is how we cut corners:

I’d love it if you would stop by and read the full articleWhat are your favorite ways to save when raising children?

Related Posts Plugin for WordPress, Blogger...