Having children is a true blessing, but to ignore the costs of having and raising a child would be unwise. While it’s impossible to pinpoint the exact cost of having a baby, it’s important to have an idea of how much you should be saving and what you should be saving for when you’re expecting and/or planning on expecting. David from Money Over 30 used his own experiences from the first year and a half of parenthood to pin down some figures. Here’s what he came up with:
What are some other expenses that you’d include in the list?
Head over to Money Under 30 for more informed advice and knowledge!