My wife and I didn’t exactly jump into parenthood, waiting for nearly a decade after being married before deciding the time was right to have our first child. That long into a career, a child wasn’t a budgetary killer. One we started, we quickly realized what we’d been missing and decided we would add a second and stop — two being the optimal number that would allow us keep our existing lifestyle relatively intact. Well, two ended up being twins and that was when we started feeling the pinch. A new report released by the Fraser Institute here in Canada (a public policy think tank) says raising a kid shouldn’t cost $10,000 or more per year as has been commonly suggested, you should be able to pull it off for between $3,000 and $4,500. Clearly, we’ve been doing it all wrong.
Continue Reading