Wednesday, July 18, 2012

Procreating is Pricey

By:  Carole L. Chiamp 

According to The Motley Fool, an investment newsletter, the costs of having a child are going up.

“Higher costs for transportation, child care, food, and education mean raising a child born in 2011 will cost a middle-class family $235,000, up $8,000 from the previous year.  Throw in paying for a college degree, and it’s easy to see why some parents feel they can’t save for retirement.  But don’t neglect your own financial well-being.  Only begin saving for your kid’s college once you’ve calculated that you’re saving enough for your own retirement.”

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