Is Raising a Chid More Expensive Than a Bentley?

Is RAISING A CHILD MORE EXPENSIVE THAN A BENTLEY? Brought to you by EasyFinance.com How much do you think a Bentley costs? And a baby? You'd be surprised how much raising children can add up to. If you were to choose, would you rather have a baby or buy a luxurious car? Where does the money go? And what has a Bentley Continental GT got to do with it? VS ? $189,000 MSRP* *Manufacturer's Suggested Retail Price In the U.S., 7.4 children are born every minute. An average of $98 billion is spent on pregnancy, delivery, and newborn infants nationwide NUMBER OF NEWBORNS The birthrate has fluctuated depending on the current 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 201O economic situation and international relations. All things considered, birthrate is clearly on the increase. 2.950.000 2,559,000 4,257,850 3,612,258 4.058,814 1,000,000 250,000 2.777.000 2.618.000 3.632.000 3.731.386 4.179,000 4.131.019 500,000 125,000 1910 2.,777,000 2009 4.131,019 Basic initial expenses include the following: FORMULA DIAPERS $160 / month $80-$130 / month $1,920 / year $960-$1560 / year BABY-ROOM CLOTHES $1,100* $60 / month *one-time expense $720 / year Hand me down clothes and cribs are a good way to save. The aboue sums are only tentative., Needless to say, as far as shopping is concerned, the sky's the limit. Apparently some Beyonce bought a crib from Swarouski for $3,500 Suri Cruise wardrobe celebrities take this literally is worth $2 million and go over the top. Raising a girl costs $3,000 more than raising a boy. Parents tend to spend more on haircuts, gifts, birthday parties, clothes and SSSS driving lessons. The Baby product industry is worth $30 billion, which is exactly how much Russia is planning to spend on national defense in 2012. CHILDCARE AND DAYCARE BABIES / TODDLERS Auerage cost of daycare in U.S. is $972 a month NANNY Hiring a nanny costs ($11,666 a year,) but $500-$700 a week prices range from $3,582 ($2,167-$3,033 a month) to $18,773. for a full-time care and $400-$650 a week ($1,733-$2,817 a month) PRESCHOOLERS for part-time hours. Auerage cost of daycare for a preschooler is $773 a month, which gives $8,800 a year. On average, parents spend $330 a year on gifts for their children. Most parents wish Santa Claus really existed and could at least cover the Christmas presents' expenses. As children get older, their presents get more expensive. The general tendency is that the older the child, the more expensive the presents. $21.5 billion U.S. toy industry is worth $21.5 billion. Birthday party in McDonald's 1,000.000 e costs from $60-$100. L. A. Reid spent on his son's birthday party $1,384,000, which included Kanye West performance for $1,000,000. EDUCATION O Each year, the U.S. De- partment of Education spends $45.4 billion on education. x 226 million This is exactly how much you'd pay for 226,130,653 iPhones 4s* *Pricing depends on the type of contract Public college costs $81,356, whereas private college costs $161,904. $81,356 SI61,904 SOME MORE NUMBERS, 40 In years from 2000 to 2010, the cost of raising a child increased by 40%. Without going into the murky details, the infamous financial crisis is to blame. Clothing Although the total cost of 6% raising a child varies Healthcare depending on the parents' Miscellaneous income, the percentage of 8% Transportation money spent on the basics remains similar. 14% Food 16% Childcare & Education 17% Housing 31% $ INCOME PER HOUSEHOLD $ CHILD COSTS* According to the U.S. Department of Agriculture, the amount of money More than $74,900 $289,380 $44.500 to $74,900 $197,700 parents spend on raising a child depends on how much they earn. Less than $44,500 $143,790 * College not included Parents on average income are believed to spend approximately $197,700 per child, which is more than the MSRP of a brand new Bentley Continental GT ($189,000). Of course money is not the whole As you can see, the numbers are story, it is impossible to overprice overwhelming. But the good news is, the market is highly the importance of a child. If you really want to have a baby, the price tags will not be a deterrent. competitive and there are so many products to choose from that you'll find your ways Still, it is a good idea to have a look at the sums inuolued to to save. get a general idea about what you're in for. THE END Brought to you by EasyFinance.com Guide to Consumer Financial Products SOURCES: http://www.census.gou/ http://www.usda.gou/wps/portal/usda/usdahome http://money.cnn.com/2011/09/21/pf/cost_raising_child/index.htm http://today.msnbc.msn.com/id/20203458/ns/today-money/t/cost- children-numbers-aint-kidding/#.TzUomFyqDSR http://www.gossipcop.com/suri-cruise-fashion-week-clothes-2- million-dollars-trapped-celebrity-world/ http://transform.childbirthconnection.org/resources/datacenter/factsandfigures/ http://www.cbn.com/cbnnews/finance/2009/August/How-Much- Money-Does-it-Cost-to-Raise-a-Child/ http://autos.aol.com/cars-Bentley-Continental+GT-2012/pricing/ http://www.cdc.gou/nchs/births.htm http://www.foxnews.com/entertainment/2012/01/11/beyonce- reportedly-buys-3500-crib-for-blue-ivy-most-spoiled-celebrity-kid/ Is RAISING A CHILD MORE EXPENSIVE THAN A BENTLEY? Brought to you by EasyFinance.com How much do you think a Bentley costs? And a baby? You'd be surprised how much raising children can add up to. If you were to choose, would you rather have a baby or buy a luxurious car? Where does the money go? And what has a Bentley Continental GT got to do with it? VS ? $189,000 MSRP* *Manufacturer's Suggested Retail Price In the U.S., 7.4 children are born every minute. An average of $98 billion is spent on pregnancy, delivery, and newborn infants nationwide NUMBER OF NEWBORNS The birthrate has fluctuated depending on the current 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 201O economic situation and international relations. All things considered, birthrate is clearly on the increase. 2.950.000 2,559,000 4,257,850 3,612,258 4.058,814 1,000,000 250,000 2.777.000 2.618.000 3.632.000 3.731.386 4.179,000 4.131.019 500,000 125,000 1910 2.,777,000 2009 4.131,019 Basic initial expenses include the following: FORMULA DIAPERS $160 / month $80-$130 / month $1,920 / year $960-$1560 / year BABY-ROOM CLOTHES $1,100* $60 / month *one-time expense $720 / year Hand me down clothes and cribs are a good way to save. The aboue sums are only tentative., Needless to say, as far as shopping is concerned, the sky's the limit. Apparently some Beyonce bought a crib from Swarouski for $3,500 Suri Cruise wardrobe celebrities take this literally is worth $2 million and go over the top. Raising a girl costs $3,000 more than raising a boy. Parents tend to spend more on haircuts, gifts, birthday parties, clothes and SSSS driving lessons. The Baby product industry is worth $30 billion, which is exactly how much Russia is planning to spend on national defense in 2012. CHILDCARE AND DAYCARE BABIES / TODDLERS Auerage cost of daycare in U.S. is $972 a month NANNY Hiring a nanny costs ($11,666 a year,) but $500-$700 a week prices range from $3,582 ($2,167-$3,033 a month) to $18,773. for a full-time care and $400-$650 a week ($1,733-$2,817 a month) PRESCHOOLERS for part-time hours. Auerage cost of daycare for a preschooler is $773 a month, which gives $8,800 a year. On average, parents spend $330 a year on gifts for their children. Most parents wish Santa Claus really existed and could at least cover the Christmas presents' expenses. As children get older, their presents get more expensive. The general tendency is that the older the child, the more expensive the presents. $21.5 billion U.S. toy industry is worth $21.5 billion. Birthday party in McDonald's 1,000.000 e costs from $60-$100. L. A. Reid spent on his son's birthday party $1,384,000, which included Kanye West performance for $1,000,000. EDUCATION O Each year, the U.S. De- partment of Education spends $45.4 billion on education. x 226 million This is exactly how much you'd pay for 226,130,653 iPhones 4s* *Pricing depends on the type of contract Public college costs $81,356, whereas private college costs $161,904. $81,356 SI61,904 SOME MORE NUMBERS, 40 In years from 2000 to 2010, the cost of raising a child increased by 40%. Without going into the murky details, the infamous financial crisis is to blame. Clothing Although the total cost of 6% raising a child varies Healthcare depending on the parents' Miscellaneous income, the percentage of 8% Transportation money spent on the basics remains similar. 14% Food 16% Childcare & Education 17% Housing 31% $ INCOME PER HOUSEHOLD $ CHILD COSTS* According to the U.S. Department of Agriculture, the amount of money More than $74,900 $289,380 $44.500 to $74,900 $197,700 parents spend on raising a child depends on how much they earn. Less than $44,500 $143,790 * College not included Parents on average income are believed to spend approximately $197,700 per child, which is more than the MSRP of a brand new Bentley Continental GT ($189,000). Of course money is not the whole As you can see, the numbers are story, it is impossible to overprice overwhelming. But the good news is, the market is highly the importance of a child. If you really want to have a baby, the price tags will not be a deterrent. competitive and there are so many products to choose from that you'll find your ways Still, it is a good idea to have a look at the sums inuolued to to save. get a general idea about what you're in for. THE END Brought to you by EasyFinance.com Guide to Consumer Financial Products SOURCES: http://www.census.gou/ http://www.usda.gou/wps/portal/usda/usdahome http://money.cnn.com/2011/09/21/pf/cost_raising_child/index.htm http://today.msnbc.msn.com/id/20203458/ns/today-money/t/cost- children-numbers-aint-kidding/#.TzUomFyqDSR http://www.gossipcop.com/suri-cruise-fashion-week-clothes-2- million-dollars-trapped-celebrity-world/ http://transform.childbirthconnection.org/resources/datacenter/factsandfigures/ http://www.cbn.com/cbnnews/finance/2009/August/How-Much- Money-Does-it-Cost-to-Raise-a-Child/ http://autos.aol.com/cars-Bentley-Continental+GT-2012/pricing/ http://www.cdc.gou/nchs/births.htm http://www.foxnews.com/entertainment/2012/01/11/beyonce- reportedly-buys-3500-crib-for-blue-ivy-most-spoiled-celebrity-kid/