Cost of Raising a Child: 3 Months In

My wife and I are first time parents and we are now three months into the “parenting” process. I made it a goal to track all of our child care expenses so I could truly report on the cost of raising a child. I invite all of my readers to follow along our journey as I diligent track all expenses involved in truly raising a child these days in middle class America.

Prior to us having a child I did some research and the consensus was that it costs roughly $14,000 per year to raise a child, which equates to roughly $240,000 (without college). Don’t get me started on how much college will cost for my child

How Much Does It Cost to Raise a Child?

We are three months in and thus far we have spent $1,064 on my daughter in total. We have lucked out and received a number of hand-me-down clothes and toys, as well as a ton of gifts and gift cards from our baby shower that are still holding us over comfortably.

We also did a “diaper raffle” at our baby shower in January, where if you brought a pack of diapers you would be entered to win a prize. Luckily all prices were donated from others (wine, luggage, etc.). We received a ton of diapers and probably haven’t touched 80% of what we received. Lucky us, huh!? Well our little girl is growing slowly and is still in newborn diapers, so we actually had to go and buy a small pack of newborn diapers from Target to hold us over until she reached size 1. So we’ve have now collectively spent $15 on diapers in the first three months. Not bad…thanks to our baby shower diaper raffle.

Our expenses increased a great deal in May because my wife is back to work and we now have to pay for part-time child care. My wife was actually back to work at the beginning of April but we received lots of family help since my daughter was only 2 months old. We do get some family help still, but from now moving forward we will have to pay child care expenses monthly for a nanny who watches our daughter.

Cost to Raise a Child: 3 Months In (2017)

  • 1st month = $414
  • 2nd month = $105
  • 3rd month = $545
  • Since inception (March, 2017) = $1,064



Item Price
529 contribution $50
Child care $410
Ear piercing $40
Co-pay $30
Diapers $15
Total $545

How Much Does it Costs to Have a Baby?

Looking a head to next month, we should finally have all of our final bills in from the hospital so we can measure the literal cost of having a baby. Our June ‘cost to raise a child‘ report is going to be a big one! In reality our costs thus far to raise our child have been very, very low. But next month that all changes. Stay tuned for the June, 2017 breakdown…

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