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kebever

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How much to raise a kid nowadays?
« on: March 30, 2016, 05:49:36 pm »
I don't have a kid but wish to prepare my financials for a kid.

How much does it cost to raise a kid? Say first year?

And a checklist of items to look out for if possible.

Appreciate comments from parents! Ty.

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wangxinling

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Re: How much to raise a kid nowadays?
« Reply #1 on: March 30, 2016, 05:56:36 pm »
I don't have a kid but wish to prepare my financials for a kid.

How much does it cost to raise a kid? Say first year?

And a checklist of items to look out for if possible.

Appreciate comments from parents! Ty.

GXGX!!! zehzeh planning for baby already!

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mahogany

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Re: How much to raise a kid nowadays?
« Reply #2 on: March 30, 2016, 06:26:06 pm »
if you want to save some money, can consider purely bf for first 6mths to a year (and normal food but skip formula)

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missyqiqi

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Re: How much to raise a kid nowadays?
« Reply #3 on: April 08, 2016, 01:50:54 pm »
very hard to gauge if you really want to itemize it. because just the gynae and delivery fees easily hit 20k if you are looking at private gynae, and that is provided you give birth via natural with no complications. 

confinement lady: $3k ~ excluding food expenses
diapers: no matter disposable or reusable is still quite a high cost because of high usage
milk powder: expensive, but can save a lot if you breastfeed, but if your wife got to work, then the breastpump, storage bottles and bags also got to spend

childcare: depends which type u choose, after subsidy on average is about $400+/- per month
maid/nanny: if don't want childcare, hire nanny or maid, per month also have to put aside about $600-$1000 a month

insurance: $200-$1000 depends on how many and what you buy.

All this haven't even include the clothes, toys, enrichment class (if you want) that you spend on them. I do agree that calculate before hand does give you a mental preparation but the joy they brings definitely cost much more than that. and the above rough idea is only for their first few years, haven't even come to primary school yet.


Most importantly, the reason you bring them to earth is because you love them, not because you wish there is someone to take care of you when old age. Coz you can't guarantee that. As a parents, if my kids can live comfortable, support themselves and don't give me trouble or ask for money coz they lazy I think is already a bless thing.
www.missyqiqi.com
Distributor of premium baby products.


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100years

Re: How much to raise a kid nowadays?
« Reply #4 on: April 13, 2016, 05:13:57 pm »
and govt asking us why are we not having more kids!!!

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laidback

Re: How much to raise a kid nowadays?
« Reply #5 on: July 05, 2016, 01:14:10 pm »
very hard to gauge if you really want to itemize it. because just the gynae and delivery fees easily hit 20k if you are looking at private gynae, and that is provided you give birth via natural with no complications.

wow. just saw this. @missyqiqi
$20,000!!! just for delivery!!

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Youngforever

Re: How much to raise a kid nowadays?
« Reply #6 on: January 08, 2017, 01:55:52 am »
wow. just saw this. @missyqiqi
$20,000!!! just for delivery!!

im guessing $300,000 for a child till age 23.

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missyqiqi

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Re: How much to raise a kid nowadays?
« Reply #7 on: January 18, 2017, 10:10:16 pm »
wow. just saw this. @missyqiqi
$20,000!!! just for delivery!!

Ya, delivery private give u around 5-10k (above 6k normally because csect or got complications or baby o ICU), insurance to buy during pregnancy, another 2k plus. Baby cot, products etc, easily another 2k, then if you hire confinement lady another 2-4k (depends which period u give birth, CNY more expensive)
www.missyqiqi.com
Distributor of premium baby products.

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