Prepare Your Finances to Welcome a New Baby
It’s no secret that raising a child is an expensive endeavor, which is one reason it’s important to prepare your finances to welcome a new baby. The last time the U.S. Department of Agriculture put out a report that calculated the average cost to raise a child to adulthood, it estimated that it would cost around $233,610 – and that was in 2015. If we adjust this estimation for inflation, then we can expect to spend around $272,049 to raise a child in 2022. That’s a pretty significant chunk of money, especially considering all the other costs that go into […]
