Friday, August 24, 2007

How Much Did You Cost?

According to the U.S. Department of Agriculture, the cost of kids are:

Families who make: Will spend:(average)
More than $74,900 $289,380

$44,500 to $74,900 $197,700

Less than $44,500 $143,790

Where does all that money go? According to, the breakdown at the middle-tier level looks something like this:
Groceries — $1525 year
Clothing — $606 year
Bigger home — $2900 year
Bigger car — $1250 year
Health care — $300 year
Education — $600 year
Child care — $4300 year (through age 11)
Recreation — $300 year
Additional insurance — $300 year
Gift giving — $330 year
Miscellaneous — $330 year

And no, that doesn't include in-vitro fertilization, which can run $10,000 per cycle and often isn't reimbursed by insurance, or adoption, which can be much more. Nor does it include college, which is currently running about $50,000 for four years at a public university and $125,000 for four years at a private college.

My parents have done the math...and I costed more. OOPS. Crap...I'm going to get taken for a major ride if I ever get married and have kids.

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