DiscoverWifestyle HustleHow much does it really cost to raise a child?
How much does it really cost to raise a child?

How much does it really cost to raise a child?

Update: 2024-07-10
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Today, we discussed our thoughts on a CBS report found HERE. This report states it costs over 300,000 to raise a child to the age of 18. We discussed our numbers on one of our own kids..well Lauren's kid. And just to be clear, this figure doesn't not include the cost of the child's college education. To rephrase it, this is just for the cold hard day to day costs from birth to adulthood. Listen to this episode to hear if we think these numbers are right.

Before you go listen to this episode, could you do us a favor and share our podcast with a friend? If each of our loyal listeners shared our show with one friend we would double our listeners in one day. If you know a young mom who is feeling overwhelmed, we would love for them to be encouraged by women who have been there. Let's build community!

Lastly, have you heard our episode about getting kids interested in gardening. Listen to that HERE Gardening is a great way to save on food costs for your family. Why not make it a family project and include the kiddos.

Music is by Oliver Massa. It is called Weekend Chores

Transcript


Recap

The cost of raising a child is often exaggerated, and it is possible to raise children for much less than the estimated $330,000 over a lifetime.

Making conscious choices and prioritizing expenses can significantly reduce the cost of raising children.

Buying secondhand clothes, growing your own food, and budgeting for extracurricular activities are effective ways to save money.

Undoubtedly, having children is not selfish; it brings joy and fulfillment to many people's lives.


Chapters

00:00 Introduction and Personal Updates

06:05 Debunking the Myth: The Cost of Raising Children

25:33 Saving Money: Buying Secondhand Clothes and Growing Your Own Food

29:05 The Joy and Fulfillment of Raising a Family

34:57 Conclusion



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How much does it really cost to raise a child?

How much does it really cost to raise a child?

Ellyn and Lauren