How much does it cost to raise a baby for one year? The Guardian, in an article by Hilary Osborne entitled, "How to Cut the Cost of Having a Baby," pegs it at more than £9,000 (CAN$14,500) a year. No one, of course wants to put a dollar value on the worth of a child; however, certain costs cannot be avoided. Sometimes choices need to be made between items that cannot all be afforded; you cut costs by prioritizing.
Categorizing the Costs
There are a multitude of costs in raising a child, ranging from maternity clothing and prenatal classes to baby sitters. You can use ads, catalogues, phone calls, store visits, advice of people with young children, and other references to determine their costs. You can also use a first-year online costs calculator which can be customized to your specifics.
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