[ad_1]
In the United States, the average age of newborn mothers is 26 years old (much higher than the 21.4 years old in the 1970s).
but, Analysis by the Pew Research Center It shows that more and more women are waiting to have children in their 30s or 40s.
Cultural clues—for example, Meghan Markle’s first child was 37 years old—focus on careers prompted many women to wait to start a family.
An interesting result of this trend is that parents are considering the age gap between siblings. For some people, age is an important factor in how often they try another child.But, more and more The cost of the second baby is part of this equation This cannot be ignored. Having another child is a major decision you need to make, including body, family, with Financial considerations.
How much does it cost to raise a child?
When you add up the average costs of housing, food, transportation, medical care, clothing, and education, USDA predicts that raising a child will cost you $233,610. Your second child will spend 80% of the total. Of course, these figures are estimates, depending on where you live and how you consume. In any case, childcare costs account for a large part of these estimates… and the cost will not be trivial.
On average, it will cost approximately $12,000 per year to send your baby to a daycare center in the United States. For preschool and older children, these costs will be reduced by approximately two to three thousand dollars per year. Due to the lack of daily business, the cost of family daycare (rather than center) usually reduces the cost of young children.
The cost of hiring a private nanny (such as a babysitter or nanny) may vary depending on your situation. Usually, the cost of this service matches the high prices of families and daycare centers.
There are only two ways to solve it-these types of numbers are daunting for parents with young children.
Having 1 child and 2 children: counting numbers
When you weigh the financial pros and cons of continuing to work or committing to be full-time parents with two (or more) people, the thought of organizing time and money can be overwhelming.Use budget sheet or This calculator Carefully study the unavoidable expenses such as mortgage/rent, commuting costs, emergency funds and insurance premiums.
If your job brings benefits to you or your family (such as medical care, vision or dental care), you will want to know how much it will cost if your family moves to the spouse’s plan, or how much you will have to pay Sign your own growth certificate? Private or federal health insurance family.
Doing so can save you from too many accidents (but there will always be some accidents, so please don’t ignore the emergency fund), and make your family members have the right mentality to increase your pedigree and make the final decision. Resuming work or not working.
Save the cost of all baby products
With any luck, some upfront expenses for your second child have been resolved, such as changing tables or toys. Remember, the age gap between children may be the reason for some creative financial navigation.
For example, if you bought a transition crib for baby number one, they may still be using it when baby number two arrives. If your stroller, car seat and base are still in use, you will need other means of transportation.
In order to avoid buying a large number of seats in the first few years, please use friends or family to provide free consignment stores, Craigslist or provide “grow with me” car seat styles for free.
With two babies, please put them on the seat base, where you can find them at an affordable price! For example, if you have a grandparent who provides shuttle services in daycare, you will want to make them your own car or booster seat base. It may be an absolute necessity to purchase more gradual equipment. If you are looking for it, someone in your network may be looking for it to uninstall it!
Time and money: there is one application (or 2)
Logically speaking, the second child is enough to conduct a comprehensive check on your financial situation. As you learn more about the cost of parenting, you will be better able to cope with the reorganized budget. You need a budget It is a great system that allows you and your partner to know the consumption situation and location at any time.
Also… Newsletter: Your child is likely to have a different schedule.Apps like this s column You can make the family plan consistent. Give yourself (and your spouse) some time to learn these procedures, and the whole family will be better prepared for success.
Mom, you see!
After some preparation, your growing family is a cause for celebration. Remember, most people in the world (and throughout history) made it work. Just as your love for your second child grows in your heart, so will your ability to manage your home will continue to improve.
–Kate Natshin
It was first released in 2014. Updated in 2021.
[ad_2]
Source link