Let’s get pregnant, everyone is doing it. Pregnancy is the new pink. It appears the fall must be a good time to get to baby making because a lot of my facebook friends will be poppin’ out “little ones” this summer. Looking at all these prego-pictures, reminded me, about a month and a half ago I wrote a guest post for Jesse at PFFirewall about the cost of a kid (because he recently brought a bundle of expenses joy in to the world). I was a hard working Debt Ninja yesterday and I’m super-dee-duper tired. So, I am gonna repost that article here, in case ya’ll missed it. If you don’t want to read about babies I’ll summarize the blog in three words…babies are expensive.
Note: I do not have a child (at least that I am aware of) so I used a nifty baby calculator found here to project the following numbers. So you’ve already done “the dirty” and want to know what the damage is gonna be? Can I get a drumroll please …..buhdundundundundundundun…. $266,698 by the time they graudate from a public college.
Here is a list of that pint-sized adult’s annual estimated expenses according to the baby calculator….
College (18 to 22): $12,796
Total Cost by the time they complete: $266,698
Goodness gracious. It costs a hefty chunk of change to make babies. I don’t necessarily agree with all the costs, some will be higher and some will probably be lower, but overall I bet that $266K figure is relatively accurate. When the time comes for my wife to pop out some baby debt punchers I guess I’m going to name my first one “Cortar”…as in a quarter of a million dollars, cause that’s what it’s going to cost to raise the thing. So how bout it bloggers, Does a baby really cost a quarter million? If so, is a baby worth that much? Seriously though, people with kids, does this number seem crazy?