10 hidden costs of parenthood

Your little bundle of joy can cost you a big bundle of cash if you're not careful.

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57Comments
Jul 11, 2014 6:42AM
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The daycare "strongly encourages" that a 1 year old have a tablet to work on?!  Whatever happened to playing with toys?

Sounds like that parent needs a different daycare, where they don't use electronics as babysitters.

Jul 10, 2014 7:29PM
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Food and medical expenses are hidden expenses?  Really?  If you don't know that you need to feed your kids and they will get sick, then you probably shouldn't be having kids.  And, if you don't want the divorce costs, why not trying actually working on your marriage instead of giving up the second a problem comes up?
Jul 18, 2014 4:39PM
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A tablet for a 3 year-old and ANOTHER tablet for a 1 year-old ?  I don't think so.
Jul 11, 2014 11:20AM
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I just cannot fathom how any thinking person would not know parenthood would have a multitude of costs associated with it. Oh... wait... that's the problem....
Jul 11, 2014 12:31AM
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Nothing hidden here people, just keep moving.
Jul 11, 2014 8:56AM
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These costs are not hidden.  You just have to open your eyes and you will see them plainly.
Jul 11, 2014 9:56AM
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Breastfeeding costs 750? Okay compare that to the 10-15$ PER CANNISTER for formula. And on average, a child that bottle feeds exclusively goes through anywhere from 9-13 cannisters PER MONTH.

The only things on this list that I see as even belonging here are the holidays, sports, and electronics. Not because we as parents don't expect those things, but they always end up costing more than we figure they will.

Jul 18, 2014 7:11PM
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To say we didn't have a lot of money when I was growing up is a gross understatement.  But my parents never made me feel like we were poor. Some of these "hidden" costs having children can be avoided if a parent simply learns to say "no" to their kids. You don't have to shower your kids with expensive toys or clothing--most kids (until they're teenagers) are thrilled to get anything that's new to them. You
























Of course food, clothing. medical, daycare and gifts are going to be costs involved with having children.  However, you can cut food costs by not buying junk food for your kids or taking them out to McDonald's everyday. Buy their clothing from resale/thrift shops or garage sales until they are preteens. Most little kids shouldn't be concerned about where their clothing comes from unless their parents make a big deal about it. Additionally, you don't have to indulge your child's every whim when it comes to gifts, parties or activities. You hold the purse strings so say "No" when and if money is tight. Its okay to tell your kid, "No, mommy and daddy can't afford that." Its more important for parents to set aside every nickle they can in the event their economic situation changes.  You also still have to save what you can for their college education, wedding or first house if possible.  And if you really want to make your kids happy, save for your retirement so you don't have to go live with them!










Jul 18, 2014 7:31PM
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I breastfed 3 children and never bought a nursing cover or a breast pump (it was a gift).  It's nowhere near as expensive as formula feeding.
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Boy, talk about a story written 10 minutes before the deadline - Sheesh ! What crap . . .
Jul 11, 2014 4:30PM
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If you want to have kids, then more power to you.  Just don't expect me and the taxpayers to fund your kid throughout life with a million different tax credits, medicaid, welfare, free education, etc.
Jul 18, 2014 6:42PM
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This is stupid. College and medical bills for children are not "hidden costs" - everyone knows about them.
Jul 18, 2014 6:53PM
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I was actually surprised at how cheap my kid has been so far. We saved so much in the first 5 years that we were able to start a college fund, home school, and hire a Chinese tutor. We've been lucky: A large network of family and friends meant we spent hardly any money on clothes, car seats, breast pumps etc. We used cloth diapers which was a huge savings and I breastfeed and made my own baby food. We also live close to a fabulous community center and we get free swim lessons, dance classes and soccer (minus equipment charges of course) I should also point out that we are not rich by any means, but we live comfortably and sacrifice a lot (no cable, excessive shopping, live close to work so we only need one car, and I cook everything from scratch to save money and stay healthy) We are even able to take a vacation every year and last year we went to Costa Rica. Budgeting is probably the most important part of parenting because stressing over money can destroy a family.
Jul 18, 2014 5:49PM
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Having children and grandchildren holding your hand on your deathbed.................priceless!
Jul 18, 2014 7:53PM
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Braces, summer camps and private school....OH MY!
Jul 18, 2014 10:21PM
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Divorce can be avoided in most cases (except abuse and such.) Food is not a "hidden expense". You can control impulse buys. You don't need to visit the doctor for every case of the sniffles. You can still party on a budget. Most of these things assume we are mindless monkeys with wallets.
Jul 18, 2014 5:06PM
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I call BS...I sent both of my kids to private school and their birth-18 years didn't cost anywhere near that...less than $200k for both kids combined...
Jul 25, 2014 12:27AM
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A one-year-old with a tablet??  GIVE ME A GD BREAK!!!

If ANY day care suggests THAT [considering the prices they charge], THEY can supply the DAMN tablets!!!

Jul 18, 2014 4:59PM
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This article has a very correct point, in that they are expensive especially if you have more than one or two. Not to mention the stress of handling multiple ones for so many years seems honestly to me sort of terrible. On the other hand, I think this article exaggerates quite a bit. For instance the only electronic we had in our house growing up besides a couple of TVs was a "new" 1995 computer that we got in about that year. My only electronic devices that I owned personally was my iPod and cell phone that I got in separate birthdays during my late teens as mostly the only presents as they were so expensive. As for the toys, we basically were only given some on Christmas and our birthdays. Most of our baby food was homemade, we rarely ate out, and therefore food expenses were probably not that high. A lot of the stuff in this article is extra expenses(such as numerous toys, electronics, lavish birthday parties) that mostly just the upper middle class and upper cl****bably worries about and gets. College tuition is very high but there are cheaper options such as public colleges,  community colleges, scholarships reducing costs, and vocation schools which all save thousands. This article just looks at well off parents and how they like to spend their money on their kids.
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