How to raise a family on a tight budget
In the United States, raising a child until the age of 18 costs typically around $233,610. Although the figure seems staggering, it applies to many families. Among the highest costs are housing (29 percent), food (18 percent), and child care/education (16 percent).
Costs, however, may still vary depending on location, the number of kids or family members, and the kind of lifestyle. If one lives in the rural Midwest, for example, the cost is significantly lower as compared to the cost of living in an urban metropolis such as New York City or Los Angeles.
Now, if a family is …
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