Raising a kid will cost you $245,000 — Here are 12 things that cost the same

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  • andyjaggy American Fork, UT
    Aug. 21, 2014 1:57 p.m.

    I've always found these number to be ridiculous. They often factor in costs such as an entire new wardrobe every 12 months, an addition to the house with each new child, buying your kid a car, sending them to camp every summer, etc.... Things that most of us never do. I would guess for most people the numbers are at least half of what this study says, and drop even more with each subsequent child.

  • Mountanman Hayden, ID
    Aug. 20, 2014 4:09 p.m.

    @ Worf. When I heard our president tell successful people in America, "You didn't build that" I knew he had never worked at any real job in his entire life! That is how out of touch with reality he is!

  • worf Mcallen, TX
    Aug. 20, 2014 2:26 p.m.


    We're the last of a fading generation.

    I too, worked as I grew up. I paid for my clothing, and most everything I owned. I was not a financial burden to my parents, and actually helped with the food & mortgage.

    This article represents a helpless, and entitled society.

  • GLou Herriman, UT
    Aug. 20, 2014 11:37 a.m.

    Yes, that cost (but in my case probably highly inflated) may be true—but that doesn’t account for the emotional cost to a parent learning life’s lessons of teaching and training them properly, nor the physical work to sometimes exhaustion for their upkeep…BUT I would NOT trade any of that for the SATISFACTION AND JOY of seeing 4 amazing, grown women and mothers (who have become my very best friends and MY examples) and their likewise wonderful husbands, caring for my (nearly 18) beautiful, talented, loving, righteous and well adjusted grandchildren —that I receive as “pay back” in return!!! In my case—that's what life is FOR and it has been ALL worth the cost!

  • Mountanman Hayden, ID
    Aug. 20, 2014 10:42 a.m.

    I was raised on a farm and my siblings and I worked very often from sun up to sun down, therefore if I calculate my work time at $1.00/ hour, my parents owe me $ 245K. lol

  • worf Mcallen, TX
    Aug. 20, 2014 10:26 a.m.

    Doesn't matter,- if you qualify for benefits.

    Most children are fed at school, and/or through food stamps.

    Clothes can be bought at garage sales, or thrift stores.

  • Hamath Omaha, NE
    Aug. 20, 2014 5:23 a.m.

    Many people have talked about this exact idea, but with wildly different ideas. I've heard this sentiment hundreds of times. Some people think this way and getting the more accurate numbers for those people is important to them. I've heard some say $1,000,000 per child.

    I think anyone who doesn't have a family because they want the 20,000 plus movies or whatever else is making not just a bad choice, but a very bad choice. However, there are lots of people who disagree. That is why our birthrate is dropping so much in the US. And because they think that way, that makes this article not silly. I don't agree with them. That doesn't mean their voice shouldn't be heard. Or their thinking at least fixed in someways.

    @ Shane333. Great points. I think the $245,000 is ludicrous. I've only averaged 40,000 over a 20 year period with no gov't or church support. I have 6 kids and I certainly don't think I've spent close to 245,000 for the one who is about to turn 18.

  • cjb Bountiful, UT
    Aug. 20, 2014 12:23 a.m.

    I don't believe raising a kid costs this much. One can do it well for much less.

  • Owl Salt Lake City, UT
    Aug. 19, 2014 3:27 p.m.

    This is a very silly article because it is impossible to monetize the value of children. Few parents would trade their children for $245,000. If couples put themselves first, the world is better off if they don't have children.

    Aug. 19, 2014 10:51 a.m.

    I am not exactly sure about the purpose of this article. Are you trying to tell us what we should get instead of children? Or perhaps, you are trying to inflate the egos of parents by showing them how self-sacrificing they are?
    How about, instead of this fluff piece, we see an article about how these institutions come their conclusions, if it is all based on single children or families with more than one, and how it compares to our own lives.
    I have always found these numbers to be inflated. We love and cherish our kids, but we don't send them to a summer camp that costs several thousand dollars. We own a manageable home, drive one car, and shop responsibly.
    On the other side, are childless couples really going to buy houses that cost less or take cheaper vacations? These are two factors that are often calculated into these results.
    Let's have a realistic look at these number and what they mean.

  • Shane333 Cedar Hills, UT
    Aug. 19, 2014 10:48 a.m.

    Fortunately each subsequent child after the first doesn't have to cost quite as much. A crib can be used more than once, as can a baby carrier or toddler seat for the car, or a diaper changing table, etc. Kids can double up in bedrooms.

    So each additional child doesn't have to tack on an extra $245,000. It can be less.

    Also, there are ways to shave down that $245,000. Nursing instead of using formula, for example, can save money. Shopping wisely and buying in bulk can save considerably on grocery costs as the family grows.