The government recently calculated the cost of raising a child from birth to 18 and came up with $160,140 for a middle income family. That doesn’t include college tuition.
But $160,140 isn’t so bad if you break it down. It translates into: $8,896.66 a year, $741.38 a month, $171.08 a week, $24.24 a day or just over a dollar an hour.
What do you get for your $160,140?