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Having children andraisingthem can be quite expensive even if youre thrifty.
It can be a real shock for new parents.
But thats the reality of the situation.
In response, she ran away from home.
The dad admitted that he had trouble bonding with his daughter.
He may have subconsciously tried to punish her by buying her cheaper products.
The vast majority of the readers were shocked by the dads behavior.
They criticized him for his approach to parenting.
The reality is that raising kids will require a lot of money.
The biggest expense when raising kids is, unsurprisingly, housing (and definitely not shampoo and conditioner).
Housing is estimated to eat up around a third of the familys income.
In the meantime, food is going to cost an average of a quarter of the familys budget.
A low-cost food plan will set you back $1,059.90 per month.
A moderate plan is around $1,313.60 per month.
And a liberal spending plan costs around $1,585.81 per month.
Next, there are childcare costs to consider.
These can range from 7% to 23% of the familys annual income.
However, Investopedia notes that these calculations dont include the costs of college education.
So, that $310k+ in expenses can balloon even further.
Meanwhile, the average cost was $56,190 per year in a private college.
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