How Much Will Your Kids Cost You? A Lot!!!

Anyone who has children knows that they cost a small fortune. From day one until they are on their own, kids take a toll on their parents' pocketbook.

To get an estimate of how much you'll spend per child, check out the Cost of Raising Your Child calculator at babycenter.com.

For example, it will take $297,234 to raise a baby born in 2007 for 18 years (assuming no college expenses) that lives in the Northeast in a two-parent household that earns more than $64,000 per year. That amount averages out over 18 years to $16,513 per year or $1,376 every month.

If the child attends college, you will have those expenses, too.

But they are worth every penny. Aren't they?

Related Articles:

Control Your Spending and Increase Your Savings
Save a Little, Get a Lot
Save Now So You Can Spend Later
The Cost of Small Pleasures Add Up To Big Money

Posted November 22, 2007.