Question

Search how much it costs to raise a child in the United States today. In your journal assignment write about your findings. What is your opinion on the cost to raise a child? How would it impact your budget? How can you prepare for it when you are getting ready to have children?

Answer 1

Answer: How Much Does it Cost to Raise a Child in the United States Today?

Explanation: It's no doubt, that raising a child can get rather expensive in today's economy. You see, while it can vary due to geography and the cost of childcare, $310,605 is the average amount spent on raising a child born in 2015 to age 17. This amount does not include the cost of paying for higher education, which can easily add $80,000 to $100,000+ per child to the total. However, I personally believe that raising a child, can impact your budget drastically, which is why you should be financially stable before considering starting a family. To prepare yourself for children, one should understand your health insurance, pay down debt, build emergency savings, etc.

{I hope this helped! :)}