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What is the cost of raising a child?
Expense
Starting age
Ending age
Annual amount
Child care:
$
Groceries:
$
Clothing:
$
Gift giving:
$
Bigger home:
$
Bigger car:
$
Education:
$
Recreation
$
Additional insurance:
$
Health care:
$
Miscellaneous:
$
Total amount needed to raise this child:
$
Defaults roughly based on
U.S. Department of Agriculture
annual report "The Cost of Raising a Child," Release No. 0127.98.
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CHECKING ACCOUNTS
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MMA and SAVINGS ACCOUNTS
High yield MMA
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MMA
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MMA - IRA
MMA average
1.04%
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Credit Card Averages
Product
Rate
Balance Transfer Cards
14.58%
Cash Back Cards
14.73%
All Variable
11.68%
Low Interest Cards
9.75%
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