How much does a child up to 18 cost?
A question for many parents is: how much does a child up to 18 cost? And we can say that it is not at all obvious to ask it, on the contrary it is an indication of maturity. Children enrich our lives and show us what it means to love without limits. Having an overview of the costs before deciding to start a family is also and above all important to guarantee the child everything he needs to grow.
The love you feel for your children can never be the same as the love you feel for your partner or your parents. Why deprive yourself of this love just for financial reasons? In this article we will explain how much a child costs up to 18. Because let's be honest: any couple who want a child from the bottom of their hearts will still need the right financial component. One of the first things to do, if you want to have an overview of exactly how much money you are going to spend exactly per month and for what, you should definitely get yourself a budget book! When children grow up, they spend a lot of money. We are ready to reveal to you what are the major expenses to be incurred.
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How much does a child cost up to the age of 18?
Family expenses in general are always a lot: among the children's studies, the clothes to buy back every year because they have gone out of business, unexpected events and medical expenses, the amount of the budget at the end of the month is almost always exceeded. If we want to make an estimate, we can say that the average expense of a parent for a child is € 126,000. The costs for a child are divided into these three age groups: from 0 to 6 years, from 6 to 12 years and from 12 to 18 years.
How much does a child from 0 to 6 cost?
It costs around € 519 per month - consisting of food, nappies, toys, shelter and clothing. Initial equipment and any service costs are not yet included.
The initial kit for babies only costs around 3,000 euros. The costs for a crèche are around 400 euros per month and for kindergarten children around 250 euros per month. However, the rates are linked to your place of residence and vary considerably from region to region.
Expenses for a child aged 6 to 12
One thing that parents notice very quickly: the monthly costs for purchases increase every year of the child's life. Especially in the first year of life, parents still benefit from many gifts, loans and support from family and friends. But at the latest when the child starts school, holidays, hobbies and school trips must be funded.
The birthday wish list is getting longer and longer and while all of your child's other friends already have a cell phone, you are still trying desperately to resist. As the age increases, so does the demand.
While we are still trying to encourage children to play outdoors, smartphones, tablets, game consoles and PCs are much more attractive to them. Brand awareness and the right style are also increasingly present. But everything. it has its price, and a school-age child costs parents around € 604 per month. Again, holidays, assistance, hobbies and services are not included.
The costs of a child up to 18 years
After the age of 12, that is, for many people in their early teens, the monthly costs increase once again. In total, parents will then have to calculate around 700 euros per month. Teenagers eat more during this period and always "need" different and trendy clothes.Sums of money will be introduced to be used for pocket money and leisure time activities.
How much is spent on a child up to the age of majority?
In total, a child costs an average of € 584 per month. Extrapolated up to the age of 18, this means spending around 130,000 euros per child. However, the costs increase with each year of the child's life:
- From 0 to 6 years: 519 Euros per month, 6,200 Euros per year, 37,200 for 6 years
- From 6 to 12 years: 604 Euros per month, 7,200 Euros per year, 43,200 for 6 years
- From 12 to 18 years: 700 Euros per month, 8.400 Euros per year, 50.400 for 6 years
However, there is also good news in this calculation: the more children live in the house, the lower the average cost per child. Especially since you can buy, cook and plan in large quantities. Clothes and toys can also be passed on to siblings. younger.
If you are afraid that with all the running costs you will not have enough money for children at some point, you should definitely find out how easy it is to invest money effectively for children. And with all these calculations, there is one thing we must not forget: children are a gift. Perhaps even the greatest gift of all. Anyone who has ever looked into their child's bright eyes knows how much love and happiness they give you. This alone should be enough to overcome all the efforts, all the worries and all the expenses and make us think about what really matters in life: family.
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