There are few things more exciting than deciding to have a baby with your partner. You're probably already planning all of the things that you need to do, from choosing a name to doing up the nursery. However, there's one incredibly important thing that you might not want to think about but that you simply can't ignore: the cost. Having a baby is expensive, like, really expensive! And you need to be sure that you're ready to shoulder that financial burden. With that in mind, here are some of the real costs of raising a child so that you can properly prepare.
Every child deserves, and education and every parent wants to make sure that their child gets the very best education possible. It might seem as though it's a bit early to start thinking about education since your baby hasn't even been born yet, but if you check out this school fees guide, then you'll see that school fees are on the rise and it's never too early to start getting ready for them. A lot of parents actually start saving for their child's education from the moment that they get pregnant. This is definitely something worth considering so that when the time rolls around that you really do have to think about it, you're going to be in a position where you don't have to worry about it.
Kids grow. Kids grow fast! This is something that you're going to have to come to terms with pretty quickly. It might be tempting to go out and buy huge amounts of baby clothes but remember that you might only get a few months out of them if that. One of the best things that you can do is to talk to friends and family with kids and see if they have any clothes they can donate to you. As great as shopping for baby clothes can be, there's no point spending huge amounts of money on things that they'll just grow out of in a few weeks.
There are plenty of activities that kids can do in order to socialise, stay active, and have fun. Sadly, most of these activities end up costing a fair amount of money whether you like it or not. It's a good idea to get into the habit of setting aside a little bit of money each week so that when the times comes that your child finds an activity that they really want to do, whether it's learning an instrument, playing a sport, creating art, or anything else they might want, you're not going to find yourself in a position where you don't have the money to pay for it, and you have to let them down.
Of course, don't think of this as trying to discourage you from starting a family, far from it! It's just important that you're aware of some of the financial burden involved so that you're in a better position to be prepared and so that you can better focus on the things that you really care about.