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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How much does a non-traditional family cost?