It costs an average of $233,610 to raise a child from birth to age 17, according to a USDA study. What all does that cost include? Is there a way to do it for less without sacrificing the important stuff? Let’s look through the different types of expenses, how to reduce the costs, and how to live differently.
We love to eat out. When we plan a vacation or a weekend trip, one of the most important parts is planning where to eat. But we also have five kids. So we’ve adjusted to make it more affordable, and now frugality is our default. It’s easy.
I love when people ask me how many kids I have. When I say “five,” there’s always an expected humorous reaction. Sometimes we get the typical, “don’t you know what causes that?” Other times it’s, “wow, you have an entire basketball team.” Originality is not a requirement when responding to someone who just told you they have five kids.