Children Aren’t That Expensive

 | January 6, 2009 1:42 PM

Canadian One Dollar BillIt’s conventional wisdom to say that children cost about $200,000 to $250,000 each through college.  But this article says otherwise and I agree with it.

What does that total up to? $52,800…

Children aren’t the enormous expense that they’re made out to be. I’m not claiming that they’re not expensive – not at all. Instead, I’m saying that the quoted expenses bandied about – $200,000 to $250,000 over the child’s lifetime – looks only at expenses. It does not look at some of the savings that will come your way naturally during the child-rearing process, nor does it take into account the tax benefits of children.

The Simple Dollar » Do Children Really Cause Financial Burdens?

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