Even Financial Planners Say They Missed These Hidden Costs Of Parenthood
Financial planners do know quite a bit about money, generally speaking. But even they get surprised sometimes by unexpected costs.
And according to Business Insider, financial planners say first-time parenthood is a minefield for such unexpected financial demands.
To begin with, just giving birth is an expensive practice. For a woman with insurance, the average birth costs $10,808 without any complications.
Once baby arrives, your food bill will go up. A lot. Formula is expensive, especially if baby has special dietary needs.
Kiddie meals at restaurants aren't that cheap, either. And teen boys are walking refrigerator-inhalers!
And public school isn't really free. School supplies, books, uniforms, sports equipment--the list is endless.
Keeping kids engaged and learning after school isn't free, either. Lessons, scouting, clubs, summer camps, family vacations all cost a very pretty penny!
Finally, medical care and daycare costs for children can drive parents to distraction. You've been warned!
-
0:37
Better Than Ever with Dr. David Geier
2 years agoHalf of new mothers dealing with financial stress
11 -
1:07
SWNS
10 months agoSingle dads are more confident about securing their child’s financial future: poll
77 -
0:52
FinancialFitnessTV
1 year agoWhy Mothers Should Hire a Financial Advisor
7 -
1:58
KIVI
4 years agoExpectant mothers navigate through their birth plans during COVID-19
73 -
2:40
Grow With Sanjay Daslaniya
1 year agoFinancial Education for Kids Why You Can't Afford to Ignore It
9 -
12:17
FedupAmerican1982
1 year agoPlanned Parenthood dump millions in midterms, they wanna their investments back
1 -
26:04
Family Wealth Planning Partners
11 months agoThe Real Reasons Financial Planners Don't Want You To DIY Your Finances
3 -
0:35
The Last Capitalist in Chicago
1 year agoWhich parents’ insurance pays for birth of a child?
19 -
0:43
New York Post
1 year agoI'm a financial planner: Always spend money on these 3 things if you want to get rich
1.39K4 -
0:18
Health and Wellness
7 months agoUnlocking the Secrets to Healthy Baby Planning
3