The cost to raise kids is staggering these days, to say the least.
Youll need to buydiapersand food, and that doesnt include the costliest expense for most parents childcare.
But costs vary from one family to another not just because different parents have different lifestyles.
Well break it down below.
If youre looking for a way to make some extra money, weve got some ideas for you.
Cost to Raise Kids Across the U.S. Of the top 10 least expensive cities, nine were in that region.
They are:
If you live in a pricier city, dont hire a moving van just yet.
We have some tips below that can help you keep costs low while staying in your current location.
Is Your Paycheck Not Going As Far As It Used To?
We get it.Everythingis more expensive than it used to be, but your paycheck hasnt kept up.
When money is tight,these resourceswill help nearly everyone.
These expert tips can help you better manage the additional line items on your budget.
Plan Ahead
From the time you find out youre expecting, parenting expenses are inevitable.
She recommends tracking every dollar you spend for a full month.
Dont forget to plan for kid-specific stuff like extracurricular activities or occasional day trips.
It helps to revisit your budget regularly to ensure it still works for your family as things change.
A good place to start?
Our list of some of thebest budgeting appsout there.
Find Budget-Friendly Activities
As your kids get older, keeping them busy becomes the next challenge.
Leverage free local events, such as library story hours, community festivals and park activities, Seitz advises.
At-home activities like DIY crafts or backyard camping are cost-effective and fun.
Museums, zoos and other attractions often have free or discounted admission days.
Our list of more than100 free activitieshas many that are child friendly.
Can You Survive 10 Days of Budgeting?
If you oughta wrangle your budget, it may be time to consider a savings challenge.
To cut the cost of raising kids, Luk recommends steering away from name-brand products.
Buy secondhand when you’ve got the option to, Luk adds.
Things like strollers, cribs and clothes are usually in great shape and way cheaper.
We put together a list of where parents can findfreebies for young children.
Rely on Relatives
Adams makes no bones about it.
Childcare expenses are going to hit your budget hard.
But nothing compares to local relatives.
Search for Help
Plenty of programs exist to help families who need them.
verify to check your local governments website too to see whats available.
Instill Solid Financial Habits
One common mistake Seitz sees from parents is avoiding financial conversations with their children.
you might set your kids up for long-term success by teaching them about budgeting, saving and investing.
These mini-money moments can be effective examples of teaching these skills without extra cost.
Parenthood can be an expensive endeavor.
Of course, where you live plays into the cost to raise kids.
Need a Hand With Bills?
Listen, we know its tough out there.
But theres no shame in asking for help.
These companiesmake it easy to help yourself and your bank account.
Stephanie Faris is a professional finance writer with more than a decade of experience.
