News / 

Financial firsts: 6 ways to prepare for the added expense and joys of parenting

Financial firsts: 6 ways to prepare for the added expense and joys of parenting

(iStock)


Save Story
Leer en EspaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

David and Lauren Bonney had been married four years, when they had their first child, a boy named Max. They are now expecting a girl and better prepared this time around for the expenses children bring.

According to an annual study performed by the United States Department of Agriculture, the average cost of a child is between $10,000 and $25,000 a year, depending on the age of the child and income level of the parents.

Parents who make less than $61,530 generally will not end up spending more than $10,000 a year on a child, whereas those who make over $106,540 will end up spending more than $25,000 on a child by the time he or she enters high school.

[To read the full story go to DeseretNews.com](<http://www.ksl.com/ad_logger/ad_logger.php?location=http://national.deseretnews.com/article/16236/financial-firsts-6-ways-to-prepare-for-the-added-expense-and-joys-of-parenting.html&sponsor=Financial firsts: 6 ways to prepare for the added expense and joys of parenting>).

Most recent News stories

Matthew Jelalian National

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast