The Cost of Raising Kids

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Financial Jargon

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Whether you’re raising a young child, sending your kid off to college, or watching your kids raise the next generation, kids cost a lot in America. There’s no getting around that.And money is just one way you’re spending on your kids. In fact, research shows that parents aren’t just spending more money on children these days—they’re also spending more time and energy on their kids than ever before.Why?Because parents and grandparents want to give the kids in their family the best possible life.Often, that means doing more than just housing, feeding, and educating kids. It can mean taking them to ball games and concerts, paying for special lessons, throwing memorable birthday parties, taking vacations, and more. These activities and experiences you enjoy with your children can create lifelong memories you can never put a price tag on.Of course, all of that does come with some up-front costs. But I think most parents would agree that the costs are worth it.Budgeting Tools:www.mint.com Nerd Wallet - 7 Best Budeting ToolsFinancial Planning Help:www.oakmontadvisory.com