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What is the cost of raising a child?

Children are worth their weight in gold -- that is, when you add up all the costs. Use this calculator to figure out Junior's bottom line.


What is the cost of raising a child?
Expense: These are the categories of cost for raising a child.
Starting age: Enter the first year this expense will be required by your child here.
Ending age: Enter the last year this expense will be required by your child here.
Annual amount: Enter the amount spent on this expense every year.
Child care: Include babysitting, day care, nannies and nursery school costs here.
Groceries: Include all additional food costs here.
Clothing: Include baby clothes and school clothes here.
Gift giving: Include birthday gifts, holiday gifts and allowance here.
Bigger home: Include the net costs for a bigger home or home addition here.
Bigger car: Include any costs for a new car, carpooling or special busing here.
Education: Include any private schools or home teaching costs here.
Recreation: Include the costs for any sports, vacations or toys here.
Additional insurance: Include the additional price of insurance for the child here.
Health care: Include average medical bills and cost of treatments here.
Miscellaneous: Include all other costs that don't fit into another category here.
Total amount needed to raise this child: This number is the total of all annual expenses for all years of the child's life.
Clear all buttons: This button returns all fields to their default values.
Click here to return to the calculator.
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NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.86%
48 month new car loan 6.92%
1 yr CD 3.03%
Rates may include points

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News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | CDs & Investments | Credit Cards | Debt Management | College Finance | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.