If the parents put their children through college, $10,000 can be added to the total price tag! However, the first 12 years of a child’s life is much more costly than the teenage years because of daycare costs, etc.
If you’re an expecting parent and are scared by these numbers, don’t worry. For instance, living in a smaller home can lower that number by as much as $2,900 a year! Breastfeeding for a year instead of going directly to formula can save over $1000 in groceries. You can also make your own baby food with a blender and save hundreds in groceries as well!