HOW MUCH DOES IT COST TO RAISE A CHILD TO 18?

According to the US. Department of Agriculture, for a child who was born in 2015, it will cost a parent an average of $233,610 to raise the child to age 18.

Children are priceless gifts. But as with everything good. They come with their responsibilities. Whether you are an expectant mother or planning on starting a family, you’ll eventually be faced with one question: How much does it cost to raise a child to 18?

Here is a breakdown of the major expensies you’ll incur while raising your little cutie:

• Food: 18%
• Housing: 29%
• Transportation 15%
• Health care 9%
• Clothing 6%
• Child care and education 16%
• Miscellaneous 7%
• A middle income family will spend on average $12,980 annually.
• They’ll spend 233,610 (plus an additional $50,960, when inflation is factored in) to raise a child to age 18. This is spent on food, accommodation and basic necessities, excluding education.

HOW MUCH DOES IT COST TO RAISE A CHILD MONTHLY

If it costs $233.610 to raise a child to 18,