The US Government â€“ who you can trust implicitly, just ask them â€“ has pegged the cost of raising a child from birth to age 18 at a whopping $286,860 (adjusted for inflation). For a two-child family, that works out to a cool $573,720 (though you can probably knock a bit off that figure for the hand-me-down clothes). That number sends shivers of what could have been through the minds of many parents â€“ the mortgage paid off, two new cars in the driveway, exotic vacations every year, maybe a summer home by the beach.
Thatâ€™s a mighty big number over the course of a childhood. Break it down, though, and it is just under $16,000 a year. Thatâ€™s a little more than $300 a week. If you think that still sounds high, how about $43.78 a day? Who wouldnâ€™t give $1.82 for an hour of the joys of parenting? For the cost of just three cents a minute, we get to be the biggest influence in a young life.
Considering what you get for your investment, I think a little more than half a million dollars for a couple of kids is a real bargain. Among other things, you get:
â€¢ Exclusive naming rights.
â€¢ A legacy that lives on long after youâ€™re gone.
â€¢ The opportunity to give away the bride (available only on Girl models).
â€¢ To play the role of teacher, doctor, adviser, coach, counselor, and leader.
â€¢ A whole new perspective on playground fights, homework angst, and first love.
â€¢ Considered to be the greatest and wisest person in the whole world (offer expires at age 13).
â€¢ Grandchildren (Please allow 24-30 years for delivery).
â€¢ Nightly hugs and kisses that melt your heart.
Thatâ€™s a whole lot of good stuff for your money. 10 years into the parenting adventure, Iâ€™d say itâ€™s worth every penny.