kids bike 18 image
Andrea
I have been trying to research this, but all the websites I find seem unrealistic - they say it will cost over $300,000 to raise a child from birth to 18. So my question to you is how much does it really cost for you to raise your child? And how much would a second or third child cost? I want six children overall. What is a rough approximation of what our household income should be in order to raise six children?
Answer
Cribs, baby beds, changing tables, childseat, bouncy chairs, exersaucer, tricycles, scooters, bikes, skateboards, baby monitors, playpens.
Triple your grocery bill because one boy can eat enough for three people. And, because kids want the cook cereal with Dora on the box. And, because between working and caring for the kids, you pay more for convenience foods.
An allowance.
Health insurance premiums. Life insurance premiums. College savings.
Prenatal visits, hospital stay when you give birth, and followups.
Well-care checks. Many insurances don't cover them, and they can cost $200.
10+ diapers a day, approx 10 cents per diaper. Say $1 per day.
3 years, times 365 days = $1095 if your child potty trains at exactly age three. You might need pullups for night time for a few years. They are more expensive. Add another $300-400.
Formula, baby food, baby cereal, baby fruit juice, bibs, diaper rash ointment, baby shampoo, wipes, etc. Formula is like powdered gold.
Doctor visits. Medicine. One of my kids had asthma medicines that cost almost $300/month. Medical equipment like a nebulizer. Braces. X-rays because you're not sure they have pneumonia, or sonograms because they had more than one kidney infection. You're going to see your pediatrician so often that you'll think you live there, and you might as well have your paycheck sent directly to his office..
Childcare, $165 per week from birth to age 5 (free public kindergarten). 5 years times 52 weeks time $165. $42,900.
School lunches, $2 per day, 5 days a week, 9 months a year, 13 years (K-12). $5200.
Complete new wardrobe every spring and fall, every year, including jackets and shoes, underwear, socks,hats, mittens, whatever (kids grow fast). $1000 per year, for 18 years = $18,000.
Summer daycare, at least through age 11. $165 * 12 summer weeks, times 6 years (K-5). $11,880. plus registration fees every year. $150*6 = $900. Total around $12,780..
After school care, $50/week, 35 weeks a year, 6 years. $10,500.
If not public school, then add tuition for private school.
Swimming lessons, dance lessons, gymnastics, cheerleading, activity fees, field trips, registration fees, uniforms, sports equipment, musical instruments. Costs vary wildly, and can be VERY expensive. Let's just guess around $1000 per year or more.
PTA fees, school fundraisers, t-shirt order forms, etc.
A car for your young driver. Auto insurance (very expensive). Gas. Registration. And repairs when they wreck it.
Money for dates and outings with friends.
Christmas, Easter, Valentine's day,Halloween,New Years, birthdays, including the party AND the gifts. Depends on your budget, but very expensive. Many familys spend over a thousand just on Christmas.
Family vacations.
Famly portraits.
Trip to Disneyworld.
Doing the "in" things, like BuildABear, Sweet n Sassy salon, Chuck E Cheese, Arcades, movies at the theatre (priced tickets recently?). Most are $100 a pop several times a year. State fair. Street carnival.
Purchasing a van, because your little 4 seater's not going to cut it. Gas for running back and forth to school, dance lessons, girl scouts, daycare, McDonalds, etc.
Redecorating your child's room several times, from nursery to young kid to teen.
Buying all the necessities for when they leave for college.
Add an extra 15% on every shopping trip, because baby is tugging on your dress asking "Can I have one of those?"
Enormous utility bills because your darling teen takes hour long showers, your young one never learned to close the door, and your teen thinks the thermostat should be set at 68 in the summer.
The cost of missing work every other week and not getting paid, for ear infections, stomach viruses, unexplained fevers, lice attacks. Kids get sick A LOT. Plus staying home or paying daycare for those frequent days and weeks when school is not in session for teacher in service days and fall and summer break. By the way, you go to work when you are sick, because you used all your sick leave on the kids.
Replacing your carpet, because it looks like you've had farm animals living on it. Replacing your furniture, because the kids have been using it as a see saw and a trampoline, or they're not quite potty trained, or they had that unfortunate accident with the chocolate milk.
Buying a trampoline, swingset, maintaining a pool, etc.
A new more expensive place to live with another bedroom, because baby needs someplace to sleep, with a yard, because baby needs fresh air and sunshine.
Interest on your debt, because you weren't fully prepared for the onslaught on your checking account.
If you divide $300,000 by 18 years, you get around $16,666 per year, or around $1390 per month. You'll pay an extra $600 to $800 a month on childcare, groceries and dry goods and medical, and the remainder will hit in large random chunks throughout the year. For a person making $50,000, that's about 33% of their income. And, then there's Christmas.
$300,000 might even be low.
Cribs, baby beds, changing tables, childseat, bouncy chairs, exersaucer, tricycles, scooters, bikes, skateboards, baby monitors, playpens.
Triple your grocery bill because one boy can eat enough for three people. And, because kids want the cook cereal with Dora on the box. And, because between working and caring for the kids, you pay more for convenience foods.
An allowance.
Health insurance premiums. Life insurance premiums. College savings.
Prenatal visits, hospital stay when you give birth, and followups.
Well-care checks. Many insurances don't cover them, and they can cost $200.
10+ diapers a day, approx 10 cents per diaper. Say $1 per day.
3 years, times 365 days = $1095 if your child potty trains at exactly age three. You might need pullups for night time for a few years. They are more expensive. Add another $300-400.
Formula, baby food, baby cereal, baby fruit juice, bibs, diaper rash ointment, baby shampoo, wipes, etc. Formula is like powdered gold.
Doctor visits. Medicine. One of my kids had asthma medicines that cost almost $300/month. Medical equipment like a nebulizer. Braces. X-rays because you're not sure they have pneumonia, or sonograms because they had more than one kidney infection. You're going to see your pediatrician so often that you'll think you live there, and you might as well have your paycheck sent directly to his office..
Childcare, $165 per week from birth to age 5 (free public kindergarten). 5 years times 52 weeks time $165. $42,900.
School lunches, $2 per day, 5 days a week, 9 months a year, 13 years (K-12). $5200.
Complete new wardrobe every spring and fall, every year, including jackets and shoes, underwear, socks,hats, mittens, whatever (kids grow fast). $1000 per year, for 18 years = $18,000.
Summer daycare, at least through age 11. $165 * 12 summer weeks, times 6 years (K-5). $11,880. plus registration fees every year. $150*6 = $900. Total around $12,780..
After school care, $50/week, 35 weeks a year, 6 years. $10,500.
If not public school, then add tuition for private school.
Swimming lessons, dance lessons, gymnastics, cheerleading, activity fees, field trips, registration fees, uniforms, sports equipment, musical instruments. Costs vary wildly, and can be VERY expensive. Let's just guess around $1000 per year or more.
PTA fees, school fundraisers, t-shirt order forms, etc.
A car for your young driver. Auto insurance (very expensive). Gas. Registration. And repairs when they wreck it.
Money for dates and outings with friends.
Christmas, Easter, Valentine's day,Halloween,New Years, birthdays, including the party AND the gifts. Depends on your budget, but very expensive. Many familys spend over a thousand just on Christmas.
Family vacations.
Famly portraits.
Trip to Disneyworld.
Doing the "in" things, like BuildABear, Sweet n Sassy salon, Chuck E Cheese, Arcades, movies at the theatre (priced tickets recently?). Most are $100 a pop several times a year. State fair. Street carnival.
Purchasing a van, because your little 4 seater's not going to cut it. Gas for running back and forth to school, dance lessons, girl scouts, daycare, McDonalds, etc.
Redecorating your child's room several times, from nursery to young kid to teen.
Buying all the necessities for when they leave for college.
Add an extra 15% on every shopping trip, because baby is tugging on your dress asking "Can I have one of those?"
Enormous utility bills because your darling teen takes hour long showers, your young one never learned to close the door, and your teen thinks the thermostat should be set at 68 in the summer.
The cost of missing work every other week and not getting paid, for ear infections, stomach viruses, unexplained fevers, lice attacks. Kids get sick A LOT. Plus staying home or paying daycare for those frequent days and weeks when school is not in session for teacher in service days and fall and summer break. By the way, you go to work when you are sick, because you used all your sick leave on the kids.
Replacing your carpet, because it looks like you've had farm animals living on it. Replacing your furniture, because the kids have been using it as a see saw and a trampoline, or they're not quite potty trained, or they had that unfortunate accident with the chocolate milk.
Buying a trampoline, swingset, maintaining a pool, etc.
A new more expensive place to live with another bedroom, because baby needs someplace to sleep, with a yard, because baby needs fresh air and sunshine.
Interest on your debt, because you weren't fully prepared for the onslaught on your checking account.
If you divide $300,000 by 18 years, you get around $16,666 per year, or around $1390 per month. You'll pay an extra $600 to $800 a month on childcare, groceries and dry goods and medical, and the remainder will hit in large random chunks throughout the year. For a person making $50,000, that's about 33% of their income. And, then there's Christmas.
$300,000 might even be low.
What bike should I get for my kid?
Ben
This morning I ran over my kids bicycle when I backed out of the driveway. I was thinking about getting him a walmart junk bike but I figured that maybe I should just go out and get him a good one instead. Are there any good aluminum framed BMX bikes for 7 year old kids? His destroyed bike is an 18" walmart Mongoose ship anchor.
Answer
Bike shops are usually the best place to get an entry level bike for any age. Sure the price will be more than a department store, but you will be getting a suitable vehicle as opposed to a disposable toy.
Childrenâs bikes are usually cheep and disposable no matter what. Some BMX companies (freestyle & race) have invested some money into making childrenâs bikes more reliable for performance. Childrenâs mountain bikes have come a long way as well. Expect these bikes to be more expensive than normal childrenâs bikes.
Take him to a bike shop and hook him up with whatever he likes that fits him. At 7 years old a bike is usually a bike. If you have money, buy it. If you donât find something in your price range at the bike shop, check out craigslist. Hook up with a few sellers that are selling something similar to the bike you found at the bike shop. Do some test riding, and low ball the best seller with cash.
If you donât know anything about bikes, take the craigslist bike back to the shop for a solid once over.
I hope this helped!
Bike shops are usually the best place to get an entry level bike for any age. Sure the price will be more than a department store, but you will be getting a suitable vehicle as opposed to a disposable toy.
Childrenâs bikes are usually cheep and disposable no matter what. Some BMX companies (freestyle & race) have invested some money into making childrenâs bikes more reliable for performance. Childrenâs mountain bikes have come a long way as well. Expect these bikes to be more expensive than normal childrenâs bikes.
Take him to a bike shop and hook him up with whatever he likes that fits him. At 7 years old a bike is usually a bike. If you have money, buy it. If you donât find something in your price range at the bike shop, check out craigslist. Hook up with a few sellers that are selling something similar to the bike you found at the bike shop. Do some test riding, and low ball the best seller with cash.
If you donât know anything about bikes, take the craigslist bike back to the shop for a solid once over.
I hope this helped!
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Title Post: How much does it really cost to raise a child?
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Rating: 94% based on 932 ratings. 4,1 user reviews.
Author: Unknown
Thanks For Coming To My Blog
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