How much to raise a child
I’m currently 29 weeks pregnant. And I’ve been hearing that having a child is pretty expensive. How much should I get aside for the child expenses? Hubby and I earns roughly 12k. Thinking if 20% if enough to cover monthly expenses.
Yes enough. But bear in mind that childcare expenses will vary according to ur choices. If sending to premium childcare centres like mindchamps, about $1900 per mth after subsidy, compared to about $500+ per month for normal full day childcare. I chose normal childcare instead of more premium ones as i have 3 kids and cant imagine spending close to $6000 per mth just on childcare! I think the bottomline is to set aside an amount u are comfortable with, and try to work within that budget. I'm sure it will get easier after they enters primary school=
Read moreI think 20% is more than enough especially your combined income is 12k That add up to 2.4k expenses for the kid Infant care, maid , diaper , milk & insurance ...
Hi, I think you should be fine. Also, the way you and your husband decide to do savings, it should be manageable
Your 20%of 12k is more than enough to me.
Yes that's fine(:
More than enough.
for a start yes
Shldnt be worry
yes enough
Yes should be enough