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Have you considered how expensive it will be to raise a child? Will you have enough finances to raise a child?

Here are some monthly costs to consider:

• Housing costs can range from $200- $600 per month
• Approximate cost of diapers: $40 per month
• Approximate cost of medical Insurance: $100 per month
• Approximate child care costs: $500 per month
• Approximate formula or food costs: $100 per month
• Approximate transportation cost: $40 per month
• Miscellaneous items such as clothing, personal care, entertainment, toys, etc.: $50 per month

Yearly expenses for one child tend to range from approximately $7,000 to $8,000 for a low income family.

These are costs of the things you will need the first few years of your child’s life. Have you considered what it will cost to raise your child for 18 years?