How Much Will My New Baby Cost You might be wondering how much it costs to raise a child. From medical expenses to loads of diapers, the cost of a child can really add up. The United States Department of Agriculture polled parents to find out the average cost of having a child to help you and your family prepare for baby expenses. Housing expenses include rent, insurance, property taxes, repairs, utilities, and furnishings. A baby will most likely affect the cost of utilities, appliances, furnishings, and repairs. Food costs include all groceries purchased to feed your child. This includes eating out at restaurants. Transportation expenses include automobile insurance, gas, and auto repairs. You be driving your vehicle more frequently now that you have kids. Periodic trips to soccer games, dance classes, school, and other activities are normal. Clothing expenses include clothes, shoes, diapers and dry cleaning expenses. Health care expenses include health insurance, medical and dental expenses, and prescriptions. Child care and schooling expenses include daycare, baby sitting, tuition and books and supplies for school. Lastly, miscellaneous expenses include amusement, personal care items and reading materials. As you can see, the cost of raising a child adds up quickly. It is great that you are preparing for these expenses. To plan sufficiently, you ought to put away money for your child. Think about creating a budget.
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