Planning a family? How to prepare financially Los Angeles Times
Dear Liz: My woman and I are planning to have a child in the next couple of years, and I realize that I have no idea how to go about preparing for that financially. How much cash should new parents try to have available? What else should we be account?Answer: Congratulations in advance on your entry into the great adventure of parenthood. The most important thing to know is that you can't vaticinate what's ahead, financially or otherwise.
The U.S. Agriculture Department estimates that it will cost middle-income parents nearly $300,000 to heighten a child to age 18. But your costs could be a lot less if you're particularly frugal, or a lot more, particularly if you have a high income, plan to pay for private grammar or have a child with special needs.
You can get some idea of what to expect by using the Agriculture Department's new calculator at www.cnpp.usda .gov/calculatorintro.htm.
Your foodstuffs, clothing and healthcare bills typically rise $3,000










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