Final answer:
Parenthood is a major financial commitment due to the costs associated with meeting a child's needs, such as food, clothing, education, and healthcare. Parents also face potential financial sacrifices related to their career and work schedule.
Step-by-step explanation:
Parenthood is a big financial commitment because it involves providing for the needs of a child, which can be expensive. Costs associated with parenthood include expenses for food, clothing, education, healthcare, and general living expenses.
For example, parents need to purchase baby products, such as diapers, formula, and baby gear, which can quickly add up. As the child grows, parents may need to budget for school fees, extracurricular activities, and college education.
In addition, parents may have to make sacrifices to their career or work schedules in order to care for their child, resulting in potential loss of income or reduced career opportunities.
Learn more about Parenthood and its financial implications