The United States Department of Agriculture (USDA) estimates that it costs nearly a quarter of a million dollars to raise a child from birth to age 18. That tally does not include the cost of a college education.
The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this shit is expensive).
Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively. Let’s get crazy and add the cost of college into that number. Now we are easily pushing over $350,000 to raise one child.
Having kids is not a business decision for most people but it comes with many of the same considerations. There are no “one size fits all”.
Let's look at some things to consider before embarking on what I called my new business and what you would probably call your family. Let's talk about the business of babies.
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