Menstuff® is actively compiling information on the cost to raise a child.
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What is the cost of raising a child?
Child care: (0-11) $4,300
Groceries: (0-18) $1,525
Clothing: (0-18) $606
Gift giving: (0-18) $330
Bigger home: (0-18) $2,900
Bigger car: (5-18) $1,250
Education: (5-18) $600
Recreation: (0-18) $330
Additional insurance: (0-18) $300
Health care: (0-18) $300
Miscellaneous: (0-18) $330
Total amount needed to raise a child: 0-4: $13,891/yr; 5-11: $12,771/yr; and 12-18: $8,471/yr. Total for 18 years $190,528
Source: Defaults roughly based on U.S. Department
of Agriculture annual report "The Cost of Raising a Child," Release
No. 0127.98. aol1.bankrate.com/aol/calc/raiseChild.asp
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