If you have had children then you are more than aware of the costs involved with raising them on a day to day basis. For new to be parents it’s probably impossible to fully comprehend the cost of raising a child so it pays to do your research and make sure you are financially sound before going into the situation.
I don’t have children and have no plans as yet but will never rule it out. I always say that you should be able to provide a child a very comfortable life before bringing them into this world. Of course here in Egypt I am often told that is silly and God will work it ou somehow….. Sadly I don’t follow that plane of thought. Planning and providing susbstantial financial support is paramount.
So, What is the Cost of Raising a Child in USA?
I won’t talk about costs for raising children outside of USA as this article would never end. I once heard that a million dollars was required for 18 years of a child’s life. That sounds like a lot and from my basic research it looks more like the figure is between $180000 and $250000 for the first 18 years obviously depending on where you live and what kind of life you give the child.
The United States Department of Agriculture (USDA) has an excellent child cost of living calculator that allows you to enter your region in USA, income bracket and more than one child including their age to give anual results.