THE

PRICELESS
ADVENTURE
THE GREATEST COSTS WHEN RAISING A CHILD

$4,000-$42,000 BIRTH
Not C-Section: $4,000 to $17,000
C-Section $6,000 to $42,000
Hospital births are covered by
insurance, but home births are not.

CHILD CARE FREE-$3,000

#1 EXPENSE
Nannies: $972
Daycare services: $2,000 to $3,000
Grandparents/ Friends/ Neighbors: FREE

FREE-$46,656 FOOD
BREASTMILK VS FORMULA &
Breastmilk: FREE EATING MORE AND MORE
Formula: $18,000
It becomes more and more expensive to
feed children the older they become.

The average cost of raising a child:

varies depending on demographic and lifestyle

$172,000 TO $264,000
MONEY SAVING TIPS FOR PARENTS:
Know what bills are covered by insurance and what are not
Don’t splurge on items that won’t be used for that long (ie; cribs)
Don’t go straight to Nannies or Daycare services, ask neighbors or
grandparents if they can help
Collect and save funds. Designate special accounts.
As kids get older, ask them to help on the expenditures, especially
on luxury items (ie; car, phone, extra-curricular activities)

Are you willing to shift money away from your current expenses in order to
accommodate the needs of a child? Are you willing to make financial
sacrifices for someone else?