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Cost of Raising a Child
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About how many families report spending 20% or more of their income on daycare?
 
1 in 3
 
half
 
all
How much does daycare average per month?
 
about $1,000
 
about $1,500
 
about $400
 
about $2000
What is one way to save money when raising children?
Answers will vary
Subsequent costs decrease over 20% per child after the first born.
 
True
 
False
What is your yearly deductible?
 
Money you need to pay before the insurance covers the rest
 
Money taken from your pay check
Which of the following is NOT a question you should ask you insurance provider before having a child?
 
How is the food in the cafeteria?
 
Which care providers are in my network?
 
How much will I have to pay out of pocket?
 
What procedures are and are not covered?
What does a non-caeseran birth cost in NYC?
 
$4,000-$17,000
 
$1,000,000
 
$50,000
 
$500,000
Which of the following is not one of the top 3 stressors for millennial parents?
 
saving for vacation
 
not saving enough
 
saving for retirement
 
saving for their child's education
The annual food cost goes _____ as children get older.
 
up
 
down
The cost of raising a child varies by region
 
True
 
False
What is the total cost of raising a child from birth to age 18?
 
$240,000
 
$1,000,000
 
$10,000
 
$500,000