In 2001 when we started the journey of starting a family, my partner and I did not much consider the costs. This was not because we were wealthy, but instead, the decision to bring a child into the world was based on a deeper decision. However, it would have been better if we had known more. You may have heard that the cost to raise a child has increased 25 percent over the last 10 years with projected costs above $285,000 per child, according to the Department of Agriculture
. This does not include the cost of having the child, or the costs of college tuition. If there are readers who are either single or coupled in a nontraditional relationship – I offer few broad considerations related to the financial impacts of the ways to become a parent and the subsequent additional cost considerations.
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