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What is the cost of raising a child?

Children are worth their weight in gold. We’re not just talking diapers, baby sitters and allowance over the years. For example, will your child need braces? Do you need a bigger car…and payments? Look around your neighborhood: how much would it cost to move to a bigger house? Do you want to send your child to private school? Ka-ching! Add up all of these expenses in this handy worksheet and get back to us.

Then relax. Raising a child may cost a lot, but the first time your baby smiles at you -- that’s priceless.

Expense Starting Age Ending Age Annual Amount
Child care : $
Groceries : $
Clothing : $
Gift giving : $
Bigger home : $
Bigger car : $
Education : $
Recreation : $
Additional Insurance : $
Health care : $
Miscellaneous : $



Total amount needed to raise this child:

$

Defaults roughly based on USDA annual report "THE COST OF RAISING A CHILD" Release No. 1528.2005.