How to Afford a Baby by Justine Davies is a comprehensive guide that provides practical advice and tips on how to financially plan for and raise a child. The book covers a wide range of topics, including budgeting, saving, and investing, as well as specific strategies for reducing childcare costs and other expenses associated with raising a family. Davies also provides valuable insights into the emotional and psychological aspects of parenting, and how to manage the challenges of balancing work and family life.
The importance of financial planning for families cannot be overstated. The cost of raising a child has been steadily rising for decades, and it is now estimated that the average American family will spend over $230,000 on child-related expenses from birth to age 17. This figure does not include the cost of college education, which can add another $100,000 or more to the total cost of raising a child.
