Thinking about Kids? Its Gonna Cost You A Quarter of a Mil

Posted on by TIML Staff Posted in Money, NewsTagged , , ,

Thinking about raising a little bundle of joy or two? According to the US Department of Agriculture, its gonna cost you close to a quarter of a million dollars. The exact figure is $241,08 and that doesn’t seem to take into account product inflation and cost of living increases. Wonder where all that money is going? Below is a link that breaks down the cost of raising a child in the 21st century:

If you are thinking about having kids, this chart will put into prospective the financial obligations that comes with having kids.
If you are thinking about having kids, this chart will put into prospective the financial obligations that comes with having kids.

Now I’m not too sure if these numbers take into account, Apple products, Jordans, Beat Headphones or Gaming Consoles. If they don’t then you might have to pull a Joe Jackson and sell your children into show business.

Do you think these numbers are accurate or does the Department of Agriculture has got it wrong?