The Cost Of Raising One Child Essay

1003 Words Jun 8th, 2015 5 Pages
At any age, making the decision to have and raise a baby to adulthood is one that takes a lot of careful consideration and planning. Right now at the age of seventeen, my goals for the future include pursuing a post-secondary education, world travel, starting a career, and more. However, if I were to have a child at this age, whether planned or unexpected, my goals would change drastically and my life would be affected in several ways. First off, raising a child is expensive. According to a report from the U.S. Department of Agriculture, the cost of raising one child born in 2013 through adulthood is estimated to be about $245,340. According to another report from the USDA, median income families spend about $12,000 on child-related costs in just the first year, and that number increases to $12,500+ per year after that. These high costs do not include bills from care at doctor 's visits during pregnancy or the cost of delivering the child in a hospital, which without insurance can be up to $9,600 for a vaginal birth with no complications and upwards of $15,000 for a C-section with no complications. Currently, I hold a part-time job at which I usually work 10-20 hours per week at minimum wage. At most, that 's $150 per week and $600 per month. This falls about $400 short for the monthly cost of $1,000 during the first year of a child 's life. This doesn 't include the cost of food, clothing, and healthcare for myself. Any money I already have set aside for college,…

Related Documents