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Factors Affecting Costs Two Parent Family Single Parent Family Divorce

But $200,000 isn't so bad if you break it down. It translates into $16,222 a year, $1,352 a month, or $318.46 a week. That's a mere $ 49.45 a day! Just a little over $2 dollars an hour. You even get to choose the name of your child!. Factors Affecting Costs Two Parent Family

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Factors Affecting Costs Two Parent Family Single Parent Family Divorce

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  1. But $200,000 isn't so bad if you break it down. It translates into $16,222 a year, $1,352 a month, or $318.46 a week. • That's a mere $ 49.45 a day! • Just a little over $2 dollars an hour. • You even get to choose the name of your child!

  2. Factors Affecting Costs • Two Parent Family • Single Parent Family • Divorce

  3. Parenting Cost Difference The cost of raising a child in a single parent home are higher. Reasons: • 2 homes • added transportation/ additional child care for working parent.

  4. Additional Cost Factors Number of siblings Urban/Rural family Health care Income bracket (low/middle/upper) -upper income families will spend 2 x the amount that a low income family will spend per child.

  5. Plan for future costs • Prepare for family emergencies • Purchase adequate insurance • Avoid divorce

  6. Out of each $1.00

  7. Ultimately, of course, nobody decides for or against having a baby based purely on dollars and cents. But monetary issues do play a role.

  8. One mother puts it this way: “It’s not that I want to spoil my kids with possessions. But I want to be able to give them some of the things that make life enjoyable for them, like going to camp, and having birthday parties.”

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