Average Cost of Raising A Child in 2015

Got baby fever? Well think again after viewing this post. Thanks to CNN Money and data provided by the U.S. Department of Agriculture, a detailed report analyzes the average cost Americans will spend on a baby up until that child’s 18th birthday, $245,340. The data is based on a two parent household, and though $245k is going to vary depending on various circumstances based on the parent(s) of a specific child, the point of this article is to show just how much of an expense babies can be. Now of course life is full of surprises and events where unplanned newborns manifest their way into life, however, for those that have the option to decide on having a child, make sure you’ve done your research to calculate if now is the right time for you to have a child.

Via CNN Money