1 of 15

Slide Notes

DownloadGo Live

Home Project

Published on Nov 27, 2015

No Description

PRESENTATION OUTLINE

Home Project

By Crystal Milton

"The biggest price tag is for families in the urban Northeast earning $105,360 or more. They will spend $446,100, much more than the national average, according to the report. Meanwhile, families earning less than $61,590 a year in rural areas will spend the least, at $143,160." (CNNMoney, pg. 1)

For 18 years, I will spend $3,350 on food.

Housing would cost $6,100.

Transportation would cost $1,690.

Photo by ZachAncell

The cost of clothing would be about $620.

Photo by StarsApart

Childcare and education would cost $3,970.

Healthcare would cost be about $1,040.

Misc.
This includes the average amount I'll spend yearly on the child's personal care items, entertainment, and reading materials.
I will probably spend $1,860

The total of all this would add up to about $21,550 a year!!!

So, let's do the math.

How much would it cost if I was to take care two children? 

So if we multiply the total by two, we should get
$43,100.

So, now we know I will be spending $43,100 yearly to raise two children, but how much would each individual thing cost?

THE MATH

  • Healthcare- $2,080
  • Childcare & Edu.- $7,940
  • Clothing- $1,240
  • Transportation- $3,380
  • Housing- $12,200
  • Food- $6,700

All in all, taking care of two children seems like a lot of work.