As a father of three kids under the age of eight, I can’t help but laugh at the frequent media stories about how much it costs to raise a child. It’s true. Kids are expensive. In fact, these stories tend to peg the cost to raise a child into adulthood at around $250,000. While that number may be accurate, here’s my problem with these types of stories: they make it sound like, in order to prepare financially for a baby, you need an inheritance or some other way to set aside a quarter million dollars over the next 18 years, […]
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