Let us just start out with the basic necessities, such as food and clothing. According to www.Babycenter.com's "cost of a child calculator", in 2007 for the average two-parent household with an income of $38,000-$64,000 a year food for one child would cost about $3,276 a year, and that is just basic food. That does not include eating out, which I plan to do often. What about soap, toothpaste, deordorant, shampoo, etc.? According to the same source, those things add up to a minimum of $2,185 a year!
These prices are also just for one child each year, that doesn't include the costs you will be paying for yourself.
What about education? As a parent one must decide whether to send their child to public or private schools. Although public schools tend to be virtually free, private institutions are quite costly, in fact, private grade schools can cost as much as $9,000 a year! (Barrett, Donna. Personal Interview. 11/22/06) What about sports? In an interview with my mother, Ms. Donna Barrett, I found that school sponsored clubs and activities are...