Who Says You Can't Afford Another Baby?
According to the USDA parents spend about $11,000 annually to raise a child, but what is included in this $11,000? It certainly isn’t being spent on just food, clothes, and diapers. About 30 percent of this amount comes from housing expenses – something that parents would be paying for anyway, granted maybe not as much. Childcare and education (not college) accounts for another 17 percent of this total and food makes up another 16 percent. The remaining 40 percent is spent on transportation, health care, and miscellaneous other expenses.