If you have a baby, you’re in for some sleepless nights.
Sure, some of those sleepless nights will be caused by the crying baby – but others will be caused by stress as you figure out how you’re going to pay for everything needed to raise this kid.
According to the U.S. Department of Agriculture, here’s a rundown of the average yearly cost of raising a kid to age 10 – depending on your household income.
Parents who earn less than $41,000 will spend $7,040 per year for the next 10 years.
Parents who earn between $41,000 and $70,000 are on the hook for yearly spending of $9,840.
“Rich” parents who earn more than $70,000 will spend $14,620 on their kid every year for the next decade. (RedbookMag.com)