Financial implications of raising three children
Raising children is a rewarding experience — the best in fact — but it also involves significant financial responsibilities. The cost of raising a child is a critical factor that parents need to consider when planning their family. This article provides an in-depth analysis of the financial implications of raising three children until they’re 18 years old. Understanding the average cost of raising a childThe average cost of raising a child per year is approximately $26,000. This figure is an average, meaning it can vary significantly depending on various factors such as location, income, and p...