How much does raising a child cost? - Los Angeles News | FOX 11 LA KTTV

How much does raising a child cost?

Posted: Updated:
NEW YORK (MYFOXNY) -

One kid, two kids, three kids or four -- no matter how many you have the costs continue to soar.

"If you look at the first year of raising a baby, you probably have to figure it's going to cost you more than $10,000," said David Sparrow, senior editor of Parents magazine. "And by the time you get through high school, you're talking probably at least a quarter of a million dollars and that of course, doesn't include college."

Add in the cost of college plus extracurricular activities along where you live and that figure could rise to as much $1 million.

Forget the European vacation, or the shopping sprees.

Leslie Venokur created a website called Big City Moms, which gives tips to expecting parents and those like her with little ones. She and her husband have a 4-year-old and a 9-month-old. She said more people are waiting longer to have kids. Of course, once you do, there are ways to save. Leslie, for instance, makes her own baby food.

She said don't be afraid to ask friends or family for advice, research things before you buy them, budget what you can afford, buy things that can grow with your family.

  • Your MoneyMore>>

  • Teens want back-to-school gadgets, not clothes

    Teens want back-to-school gadgets, not clothes

    Thursday, August 28 2014 9:52 PM EDT2014-08-29 01:52:52 GMT
    For many students, school starts next week. So what will your teens be asking you to buy? Technology.That's right: they are willing to wear last year's clothes and instead spend money on the latest tech. Gone are the days of securing your status in high school with the right clothes. Now your teens need to own the newest tablet or smart phone and its accessories.
    For many students, school starts next week. So what will your teens be asking you to buy? Technology.That's right: they are willing to wear last year's clothes and instead spend money on the latest tech. Gone are the days of securing your status in high school with the right clothes. Now your teens need to own the newest tablet or smart phone and its accessories.
  • Conference call: your bathroom break

    Conference call: your bathroom break

    We asked several people what they do when they are on a conference call. Most of them answered: "The bathroom." Yes, according to a survey conducted by InterCall, 47 percent of 500 people admitted to taking a conference call from the bathroom.
    We asked several people what they do when they are on a conference call. Most of them answered: "The bathroom." Yes, according to a survey conducted by InterCall, 47 percent of 500 people admitted to taking a conference call from the bathroom.
  • Monitoring your kids' driving in real time

    Monitoring your kids' driving in real time

    Wednesday, August 27 2014 10:46 PM EDT2014-08-28 02:46:07 GMT
    Many new Ford and GM cars have built-in technology that allows you to monitor speed, signaling, and navigation when your child is driving. But when it comes to this type of digital snooping, teens and their parents often have differing opinions. Kids may call it an invasion of privacy. Most parents, of course, will likely feel otherwise.
    Many new Ford and GM cars have built-in technology that allows you to monitor speed, signaling, and navigation when your child is driving. But when it comes to this type of digital snooping, teens and their parents often have differing opinions. Kids may call it an invasion of privacy. Most parents, of course, will likely feel otherwise.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices