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THE “COSTS” OF A CHILD

Aug 29, 2008

It was recently calculated that the cost of raising a child from birth to 18 amounted to R160 140 for a middle income family. Talk about shock! That doesn’t even touch college tuition! But R160 140 isn’t so bad if you break it down. It translates into R8 896,66 a year, R741,38 a month, or R185,34 a week. That’s a mere R26,48 a day! Just over a Rand an hour. Still, you might think the best financial advice says don’t have children if you want to be “rich.” It is just the opposite.

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