Raising Baby
Doing a search online I came up with varying amounts to what it costs to raise a child. Many also disagree as to how many years to budget for, ranging from 16 years old when in some states they are considered adults all the way up to 24, when they have graduated from college/university. I picked 22, four years after high school, whether they go to college or not as a good number. Another way to look at it, until at least 18 when they are considered adults plus 4 years for higher education if they attend a college or university.
Having asked many parents what their opinion was as to cost of raising a child, again, and again, I was told that it cost at least a million dollars, if not more.
What follows is a worksheet for you to use to help you better budget the costs associated with raising a child. If you would like to send feed back, please do so as it will help everyone who comes to this site. We can leave your name off if that is what you would like.
|
Monthly Expenses |
||
Bill |
Amount |
|
| Hospital Costs | $ | |
| Diapers | $ | |
| Baby Bottles | $ | |
| Formula | $ | |
| Baby Food | $ | |
| Baby wipes/powder/lotion | $ | |
| Blankets | $ | |
| Furniture | $ | |
| Car Seat | $ | |
| Baby Stroller | $ | |
| Toys/Games | $ | |
| Day Care | $ | |
| Baby Sitter | $ | |
| Medical | $ | |
| Cloths | $ | |
| Toiletries | $ | |
| Health Insurance | $ | |
| Books | $ | |
| School (paper, pencil, pens, book bag, ...) | $ | |
| Gifts B-day,Holiday,etc. | $ | |
| Food | $ | |
| College Savings Fund | $ | |
| Room decoration/furnishings | $ | |
| Cell Phone | $ | |
| Car Insurance | $ | |
| Car Payment | $ | |
| Gasoline | $ | |
| Car Repair | $ | |
| Electronics | $ | |
| Computer | $ | |
| Internet Connection | $ | |
| Credit Card | $ | |
| Cable(/other) TV | $ | |
| Subscriptions/Dues | $ | |
| Hobbies | $ | |
| Sports | $ | |
| Entertainment | $ | |
| Music/Movies | $ | |
| Miscellaneous | $ | |
| $ | ||
| $ | ||
| $ | ||
| $ | ||
