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View Full Version : A Cost/Benefit Analysis on Raising Kids



flagger
11-30-2003, 09:21 PM
The government recently calculated the cost of raising a child from birth to 18 and came up with $160,140 for a middle income family. Talk about sticker shock! That doesn't even touch college tuition.

But $160,140 isn't so bad if you break it down. It translates into $8,896.66 a year, $741.38 a month, or $171.08 a week. That's a mere $24.24 a day! Just over a dollar an hour.

Still, you might think the best financial advice says don't have children if you want to be "rich." It is just the opposite. What do your get for your $160,140?

Naming rights. First, middle, and last!

Glimpses of God every day.

Giggles under the covers every night.

More love than your heart can hold.

Butterfly kisses and Velcro hugs.

Endless wonder over rocks, ants, clouds, and warm cookies.

A hand to hold, usually covered with jam.

A partner for blowing bubbles, flying kites, building sand castles, and skipping down the sidewalk in the pouring rain.

Someone to laugh yourself silly with no matter what the boss said or how your stocks performed that day.

For $160,140, you never have to grow up.

You get to finger-paint, carve pumpkins, play hide-and-seek, catch lightning bugs, and never stop believing in Santa Claus.

You have an excuse to keep: reading the Adventures of Piglet and Pooh, watching Saturday morning cartoons, going to Disney movies, and wishing on stars.

You get to frame rainbows, hearts, and flowers under refrigerator magnets and collect spray painted noodle wreaths for Christmas, hand prints set in clay for Mother's Day, and cards with backward letters for Father's Day.

For $160,140, there is no greater bang for your buck.

You get to be a hero just for retrieving a Frisbee off the garage roof, taking the training wheels off the bike, removing a splinter, filling a wading pool, coaxing a wad of gum out of bangs, and coaching a baseball team that never wins but always gets treated to ice cream regardless.

You get a front row seat to history to witness the first step, first word, first bra, first date, and first time behind the wheel.

You get to be immortal.

You get another branch added to your family tree, and if you're lucky, a long list of limbs in your obituary called grandchildren.

You get an education in psychology, nursing, criminal justice, communications, and human sexuality that no college can match.

In the eyes of a child, you rank right up there with God.

You have all the power to heal a boo-boo, scare away the monsters under the bed, patch a broken heart, police a slumber party, ground them forever, and love them without limits, so one day they will, like you, love without counting the cost.

ENJOY YOUR KIDS AND GRAND KIDS.

NEVE and TRISTAN
11-30-2003, 09:39 PM
Flagger,
Thanks for sharing that...
I would love to see the study that shows you probably earn more once you have children. I know when I worked for a huge recruitng firm we sought recruiters with families, mortgages and bills...they worked harder because they needed the money...we wanted folks in debt (thus hungry), I consider children in that :)....

Neve
AKA "mama2be"-forgot password
and Baby Boy Tristan born @UNC
Feb 25, 2003
Brother to 3 pups "gees" and 2 kitties

Annette_C
12-01-2003, 12:11 AM
Flagger,
That is so true!! I love the way you described how children fill our lives! There's an old italian saying that (translated) says "It is better to be rich in blood (as in family) than in money".
I would add to your list that when we get old, hopefully, our children will be there for us with just as much love and patience as we showed them while growing up.
Borrowing the idea from the famous commercial:
Designer clothes =$10,000
Sports car = $100,000
Mansion = $1,000,000
Our children = PRICELESS!!!!

Annette
SAHM to Sabrina 6/24/02

starrynight
12-01-2003, 09:07 AM
I got that in my email before and I have always loved it :).

My favorite thing about having kids is the never having to grow up part lol. And I get to buy all these cool toys they didn't have when I was a kid and claim they are for the kids ;).